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.
TD Ameritrade is a leading discount brokerage offering a vast range of instruments including forex, stocks, futures, options and crypto. The company has nearly 40 years of experience and authorization from the SEC, FINRA and CFTC. Trading takes place via its well-known thinkorswim platform, which offers sophisticated tools and features including stock screeners and calculators.
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."
"Traders who want access to a huge range of stocks from a reputable broker with low fees should consider TD Ameritrade. On the downside, we miss access to the familiar MetaTrader 4 software."
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
Advanced order types, including OCO and brackets
Automated trading capabilities, including robo-advisors
Several trading platforms including proprietary award-winning software
TD Ameritrade provides rich in-depth research and educational resources
Extended 24/7 trading hours allow for international access to the markets
The broker facilitates automatic syncing between desktop and mobile trading platforms
There is access to over 350 technical studies, 20 drawing tools and 8 Fibonacci tools
Active chat rooms to share ideas and communicate with thousands of experienced traders
The Economic Data tool allows access to a range of data about the health of global economies
Management Services and Essential Portfolios. Reviews of which show high levels of customer satisfaction
Portfolio margin gives some users increased leverage by basing margin requirements on total portfolio risk
$1000 minimum deposit is high for beginners
No fractional shares for lower entry requirements
Canadian citizens accepted only
No youth investment accounts
CFD trading not available
No MT4 or MT5 integration
Fractional shares are not offered
No direct cryptocurrency trading
Broker-assisted trade commissions are around $25
Stringent margin maintenance requirements and high fees
New traders may be overwhelmed by the vast amount of information and tools available
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
1 cent per share
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.
Trade 70+ forex pairs including majors, minors or exotics via the desktop, mobile or webtrader app with no commission and 1:2 leverage. The choice of currencies is wider than most forex brokers.
TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.
Crypto trading not offered
Gain exposure to cryptocurrency markets through OTC crypto trusts, mutual funds and ETFs and Bitcoin futures. This offers portfolio diversification opportunities and trading vehicles beyond standard crypto CFDs.