Questrade vs Robinhood
Questrade | Robinhood |
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3
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0.9
Robinhood is #37 in our broker rankings.
We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
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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. |
Robinhood is an American stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust US regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution. |
Bonus Offer | |
5 commission-free trades | |
Comment by Reviewer | |
"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." | "Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs | Stocks, Options, Crypto, ETFs |
Demo Account | |
Yes | No |
Minimum Deposit | |
$1000 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $10 |
Regulator | |
CIRO | SEC |
Margin Trading | |
No | No |
Margin Rate | |
2.5% | |
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 | |
No | No |
Mobile Apps | |
Yes | iOS, Android and Windows |
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 |
Stock Exchanges | |
Commodities | |
CFD Trading | |
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. | CFD trading not offered |
Leverage | |
1:3.33 | 1:2 |
FTSE Spread | |
N/A | N/A |
GBPUSD Spread | |
2 | N/A |
Oil Spread | |
0.05 | |
Stocks Spread | |
1 cent per share | 0.3% Var |
Forex Trading | |
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. | Forex trading not offered |
GBPUSD Spread | |
2 | |
EURUSD Spread | |
1.9 | |
EURGBP Spread | |
2.1 | |
Assets | |
110+ | |
Cryptocurrency | |
Crypto trading not offered | Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. |
Spread | |
0% | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Questrade vs |
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