Qtrade vs Questrade

Qtrade vs Questrade Comparison Table 2024
Qtrade	Questrade
Review 3.6	Review 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).	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.
Bonus Offer
$50 Sign up, and $2000 Cashback offer	5 commission-free trades
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."	"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
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	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
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	$1000 minimum deposit is high for beginners No fractional shares for lower entry requirements Canadian citizens accepted only No youth investment accounts
Awards
30 industry awards across 15 years	#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR
Instruments
Stocks, ETFs, Bonds, Mutual Funds, Options, GICs	Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$0	$1000
Trading Platforms
TradingCentral	Own
Payment Methods
ACH Transfer Cheque Wire Transfer	Visa
Minimum Trade
Variable	0.01 Lots
Regulator
CIRO	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
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	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
Islamic Account
No	No
Account Currencies
USD CAD
Stock Exchanges
Nasdaq New York Stock Exchange S&P 500 Toronto Stock Exchange	Toronto Stock Exchange
Commodities
	Gold Silver
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+

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