Compare Questrade vs Vanguard


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

Questrade vs Vanguard
overall rating
4.6
4.3
overall pros
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
  • Only the US market covered
  • Basic research tools
  • High financing rates (margin rates)
fees
3.8
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • Low fund fees
  • High margin rates
3.9
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade
  • High margin rates
  • High fees for non-free mutual funds
account opening
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening time
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
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
web trading platform
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
3.4
  • Clear fee report
  • Two-step (safer) login
  • Price alerts
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
4.4
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
  • Options and bond trading are not available
desktop trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
2.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • Limited set of research tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
3.5
  • Educational videos
  • Good educational tools
  • No demo account
  • No trading platform tutorial videos
  • 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
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders and investors focusing on the Canadian and US markets Long-term investors who are looking for great ETF and mutual fund offers
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