Questrade vs TD Ameritrade

Questrade vs TD Ameritrade Comparison Table 2023
Questrade	TD Ameritrade
Review 3	Review 4 TD Ameritrade is #38 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
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.
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."	"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."
Pros
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
Cons
$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
Awards
#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR	Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards #1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Instruments
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs	Stocks, Futures, E-minis, Options, Forex, Crypto, ETFs, Volatility Index
Demo Account
Yes	Yes
Minimum Deposit
$1000	$0
Trading Platforms
Own	eSignal AutoChartist
Payment Methods
Visa	ACH Transfer Automated Customer Account Transfer Service Cheque TransferWise Wire Transfer
Minimum Trade
0.01 Lots	$0
Regulator
CIRO	SEC, FINRA, CFTC
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
Yes	iOS & Android
Auto Trading
	Yes - Auto trading available via bots
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
	USD
Stock Exchanges
Toronto Stock Exchange	Dow Jones Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Gold Silver	Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
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
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
0.05
Stocks Spread
1 cent per share
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.	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.
Forex App
	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.
GBPUSD Spread
2	Variable
EURUSD Spread
1.9	Variable
EURGBP Spread
2.1	Variable
Assets
110+	75+
Cryptocurrency
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.
Spread
	Commission fees apply
Coins
	BTC ETH MBT MET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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