Questrade vs tastyworks compared

Online brokers compared for fees, trading platforms, safety and more. See how Questrade stacks up against tastyworks!

Questrade
tastyworks

Last update of dataNov 2022

Questrade

Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).

Recommended for traders and investors focusing on the Canadian and US markets.

tastyworks

tastyworks is a US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.

Recommended for options and futures traders focusing on US markets.

Questrade's service is on par with tastyworks's and a comparison of their fees shows that Questrade's fees are slightly higher than tastyworks's.

Account opening takes more effort at Questrade compared to tastyworks, deposit and withdrawal processes are somewhat easier at Questrade, while customer service quality is similar to tastyworks's.

Our experts rated the trading platform of Questrade as somewhat better than the platform of tastyworks, found that clients have access to more markets and products with Questrade, while tastyworks provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Traders and investors focusing on the Canadian and US markets

Overall Score
4.7

Recommended for Options and futures traders focusing on US markets

Best broker for options

Country of origin

Canada

Country of origin

USA

Fees

Fees score
3.3
Fees score
4.2
Fees summary

Low trading and non-trading fees, low stock and ETF fees

Fees summary

Low trading and non-trading fees, no inactivity fee

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.7
Deposit and withdrawal score
1.9
Number of base currencies

2

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
3.5
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$1000

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals

Required documents

Proof of identity: ID / passport Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.8
Web platform score
3.4
Mobile platform score
4.8
Mobile platform score
4.2
Desktop platform score
4.3
Desktop platform score
3.9

Markets and products

Markets and products score
4.5
Markets and products score
3.3
Stocks
Stocks
*
*
Fractional shares
Fractional shares
*
*
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.8
Research score
5.0
Charting quality

Great

Charting quality

Great

Education score
4.0
Education score
4.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

CAD 1 million

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1999

Foundation date

2017

Country of regulation

Canada

Country of regulation

USA

Questrade

For detailed information and hands-on experience, read our review of this broker.

tastyworks

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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