Qtrade vs XTB

Qtrade vs XTB Comparison Table 2023
Qtrade Review 2023	XTB Review 2023
Review 3.6	Review 4.8
Traders from US not accepted	Traders from US not accepted See available CFD brokers
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).	XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.
	81% of retail accounts lose money.
Bonus Offer
Get up to $150 cashback
Promotions
	Earn Cashback When You Trade At XTB
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."	"XTB is a great option for beginners with a user-friendly platform, no minimum deposit and low trading fees. The free education center is also a bonus, as well as the straightforward account opening process."
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	5800+ instruments covering major markets Useful educational resources for beginners FCA, KNF, CySEC, and IFSC-regulated 24 hour support available Sunday to Friday Multiple industry awards and respected brand Cashback rebates for high-volume traders Professional investing account 1:500 leverage for global traders Flexible account options Mobile trading alerts Spreads from 0.1 pips
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	Single platform offering Not available to US clients Instrument portfolio limited to mostly CFDs
Awards
30 industry awards across 15 years	Best Forex Broker for Beginners 2022 Best Customer Service 2021 Best Forex Broker for Low Costs 2021 Best Mobile App for Investing 2020 #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018 Best Polish Forex Broker 2019 Best Execution Broker 2019
Instruments
Stocks, ETFs, Bonds, Mutual Funds, Options, GICs	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
TradingCentral	Own
Payment Methods
ACH Transfer Cheque Wire Transfer	Credit Card Debit Card Maestro Mastercard PayPal Paysafecard QIWI Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
CIRO	FCA, CySEC, IFSC, KNF, DFSA
Margin Trading
Yes	Yes
Margin Rate
	4.5%
STP Account
No	Yes
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	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
Auto Trading
	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
USD CAD	USD EUR GBP
Stock Exchanges
Nasdaq New York Stock Exchange S&P 500 Toronto Stock Exchange	Australian Securities Exchange Bombay Stock Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Cotton Gasoline Gold Natural Gas Nickel Oil Precious Metals Silver Soybeans Sugar
CFD Trading
CFD trading not offered	Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions.
Leverage
	1:500
FTSE Spread
	0.08%
GBPUSD Spread
	0.1 pips
Oil Spread
	0.03 pips
Stocks Spread
	0.2% variable
Forex Trading
Forex trading not offered	Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees.
Forex App
	With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.
GBPUSD Spread
	0.1
EURUSD Spread
	0.2
EURGBP Spread
	0.1
Assets
	45+
Cryptocurrency
Crypto trading not offered	XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts.
Spread
	From 0.22%
Coins
	ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	81% of retail accounts lose money.
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