Qtrade vs Quadcode Markets

Qtrade vs Quadcode Markets Comparison Table 2024
Qtrade Quadcode Markets
3.6
3

Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts with $8.75 and $6.95 stocks, mutual fund trades and 100+ commission-free ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).

Launched in 2021, Quadcode Markets is a relatively new forex and CFD broker with authorization from tier-one regulators like the ASIC. Its key selling point is the easy-to-use trading platform that continues to deliver an excellent user experience with a powerful charting package. The market maker broker offers 500+ assets spanning stocks, forex, indices, commodities, cryptos and ETFs.

Customer Reviews
3
Bonus Offer
$50 Sign up, and $2000 Cashback offer
Comment by Reviewer
"Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades." "Quadcode Markets is best for new traders looking for a user-friendly platform with a customizable layout, excellent charting tools, and a reliable mobile app. However, it falls short in the education and research departments, while testing shows spreads trail the cheapest brokers."
Pros
  • One of the best investment platforms on offer in Canada
  • Easy to use and award winning platform and customer experience
  • Good range of US and Canadian stocks as well as funds, ETFs and other assets
  • Offers a range of accounts to suit standard investments or various types of pension
  • Simple investor/member login process
  • Trailing stop loss risk management tool
  • 100+ commission-free ETFs
  • No deposit or withdrawal fees
  • The demo account can be opened in under 2 minutes while the replenishable $10,000 bankroll and no time limit means you can routinely test day trading strategies
  • The platform continues to excel for its ease of use with a modern design and customizable workspace
  • The charting package rivals popular platforms like MT4 with 100+ indicators and up to 9 chart displays
  • There is an above-average selection of digital currencies with crypto-fiat pairs plus crypto-crypto pairs
  • The single retail account combined with the commission-free pricing structure will appeal to beginners
Cons
  • Transfer out fee
  • CAD to USD exchange charge
  • Commissions of $8.75 per equity can stack up
  • Limited funding options and no credit/debit card deposits
  • Only available to residents of Canada. So if you are residents of Dubai, the UK or Lebanon, you will not be eligible
  • Spreads are wider than low-cost brokers based on comparisons during key trading sessions, potentially eroding profits for day traders
  • The market research trails best-in-class brokers like IG with limited technical summaries or sentiment data
  • Customer support is fast based on tests of the live chat but the knowledge of agents is limited to basic queries
  • Despite improvements to its platform like trailing stops, the software still lacks features like signals and algo trading
  • The investment offering trails top brokers, especially with its limited selection of around 375 stocks
Awards
  • 30 industry awards across 15 years
  • Best Forex Broker Australia – Forex Awards 2023
  • Best All-in-One Brokerage Solution – UFAWARDS 2023
  • Most Innovative Trading Platform Globe – Le Fonti Awards 2022
Instruments
Stocks, ETFs, Bonds, Mutual Funds, Options, GICs CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $250
Trading Platforms
  • TradingCentral
  • Traderoom
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
CIRO ASIC, CySEC, SCB
Margin Trading
Yes Yes
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
Yes No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
No No
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
$10
Islamic Account
No No
Account Currencies
  • USD
  • CAD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Quadcode Markets offers 450+ CFDs on global markets including forex, stocks and commodities. Day traders can go long or short with leverage up to 1:30 . The broker’s platform stands out for its beginner-friendly design and sophisticated technical analysis features.
Leverage
1:30 (Retail) 1:500 (Pro)
FTSE Spread
2.2
GBPUSD Spread
1.3
Oil Spread
0.07
Stocks Spread
1.3
Forex Trading
Forex trading not offered Quadcode Markets offers an above-average selection of 63 currency pairs, with a full range of majors plus minors and exotics available to trade via CFDs. Spreads on the EUR/USD came in at 1.2 pips during testing, wider than cheapest forex brokers like CMC Markets.
GBPUSD Spread
1.3
EURUSD Spread
1.2
EURGBP Spread
1.3
Assets
63
Cryptocurrency
Crypto trading not offered Quadcode Markets maintains its position as a good option for crypto traders with 26 digital currencies, paired with USD or USDT. You can speculate on less popular tokens like DOT and SAND as well as major assets like BTC and ETH. 1:2 leverage is available on cryptos.
Spread
130
Coins
  • BTC
  • ETH
  • OMG
  • DSH
  • ETC
  • BCH
  • ZEC
  • MATIC
  • ADA
  • APT
  • XRP
  • QTM
  • DOGE
  • AVA
  • SOL
  • BNB
  • TRX
  • ATOM
  • LTC
  • AXS
  • SAND
  • NEAR
  • DOT
  • LINK
  • MANA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Qtrade
vs
Quadcode Markets
vs