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Coinbase vs Questrade

Coinbase vs Questrade Comparison Table 2024
Coinbase Questrade
Review
1.4
Review
3

Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.

Questrade is an award-winning Canadian investment platform offering self-directed and pre-built portfolios. Investors can access a suite of tax-free savings accounts, retirement plans, income funds and more. Regulated by CIRO, Questrade is an established broker, trusted by new and experienced investors.

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Bonus Offer
£5/$5 in BTC. Terms and Conditions Apply. See Review 5 commission-free trades
Comment by Reviewer
"Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks." "Questrade is a top pick for Canadian clients with both long-term and short-term investment goals. The firm boasts competitive fees and a range of tax-efficient savings accounts."
Pros
  • Powerful purpose-built crypto trading platform with backtesting capabilities
  • Well-regarded crypto exchange with thousands of tokens available
  • One of the most trusted brands in the crypto space
  • Fast execution speeds on the trading software
  • Slick app with excellent customer feedback
  • Margin trading available in some countries
  • You can sign up in three quick steps
  • Transparent pricing structure with stocks starting from 1 cent per share and portfolio management fees from 0.25%
  • An impressive range of 17 accounts, suitable for both long-term investment goals, as well as short-term saving
  • Easy account opening with no set-up fees and a choice of flexible portfolio types, depending on risk appetite
  • Dual currency self-directed accounts in CAD and USD for convenient and fee-free investing across US and Canadian exchanges
  • Excellent mobile trading app for active equity or options traders, with advanced charting and order types, plus a strategy builder tool
  • Comprehensive learning centre with goal-tracking advice, platform tutorials and investment webinars
  • Trusted firm with oversight from the CIRO
Cons
  • Coinbase trades don't take place anonymously
  • Occasional bugs have caused issues on the system
  • Lower safety score vs established crypto brokers
  • $1000 minimum deposit is high for beginners
  • No fractional shares for lower entry requirements
  • Canadian citizens accepted only
  • No youth investment accounts
Awards
  • #1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study
  • Seal of Service Excellence 2019 - DALBAR
Instruments
Cryptos Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
No Yes
Minimum Deposit
$0 $1000
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
0.0001 XBT 0.01 Lots
Regulator
CBoI CIRO
Margin Trading
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade a good range of CFDs on commodities, indices and more. Questrade offers advanced mobile and web trading platforms with top research features including Morningstar and Trading Central.
Leverage
1:3.33
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
0.05
Stocks Spread
1 cent per share
Forex Trading
Forex trading not offered Access over 110 FX pairs with spreads from 0.8 pips and no inactivity fees. Seasoned traders can also unlock advanced market data packages with fee rebates and competitive pricing.
GBPUSD Spread
2
EURUSD Spread
1.9
EURGBP Spread
2.1
Assets
110+
Cryptocurrency
With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges. Crypto trading not offered
Spread
BTC 0.1%, ETH 0.1%
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • FIL
  • WBTC
  • SHIB
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Review
Review
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