Compare Questrade vs Trade Nation


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

Questrade vs Trade Nation
overall rating
4.6
4.4
overall pros
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
  • Free deposit and withdrawal
  • Excellent research and education tools
  • Good customer support
overall cons
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
  • Slim product portfolio
  • No live chat
  • Desktop platform lacks safer login
fees
3.8
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • Low fund fees
  • High margin rates
3.5
  • No inactivity fee
  • Low stock and index CFD fees
  • High forex fees
  • Average trading fees
account opening
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
  • Non-Visa debit card not available
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account base currency available
web trading platform
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Good search function
  • Guaranteed Stops
  • No two-step (safer) login
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
4.3
  • User-friendly
  • Good search function
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
desktop trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
1.5
  • Forex
  • CFD
  • Spread betting
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
4.3
  • Good interactive chart
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Email
  • No live chat
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
5.0
  • Trading platform tutorial
  • Educational videos
  • Webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders and investors focusing on the Canadian and US markets Spread, forex and CFD traders looking for a great trading platform and quality customer service
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