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Questrade vs Webull

Questrade vs Webull Comparison Table 2023
Questrade Review 2023 Webull Review 2023
Review
3
Review
4.4

Webull is #6 in our broker rankings.

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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.

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.

Bonus Offer
5 commission-free trades Up to 12 free fractional shares when you deposit $100
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." "Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions."
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
  • Respected brand with strong regulatory oversight
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • No commission or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares
Cons
  • $1000 minimum deposit is high for beginners
  • No fractional shares for lower entry requirements
  • Canadian citizens accepted only
  • No youth investment accounts
  • Day trading is limited for customers with less than $25,000 deposited
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
Awards
  • #1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study
  • Seal of Service Excellence 2019 - DALBAR
Instruments
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
Demo Account
Yes Yes
Minimum Deposit
$1000 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CIRO SEC, FINRA
Margin Trading
No Yes
Margin Rate
5.49% to 9.49%
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 Yes
Mobile Apps
Yes iOS & Android
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
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
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 1:4
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
0.05 NA
Stocks Spread
1 cent per share $0
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. Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.
GBPUSD Spread
2 0.4
EURUSD Spread
1.9 0.2
EURGBP Spread
2.1 0.4
Assets
110+ 15+
Cryptocurrency
Crypto trading not offered Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps.
Spread
Floating
Coins
  • BTC
  • BCH
  • BAT
  • ETH
  • LTC
  • DOGE
  • XLM
  • EOS
  • TRX
  • XMR
  • ZEC
  • ETC
  • ADADASH
  • SHIB
  • AVAX
  • LUNA
  • LINK
  • UNI
  • ALGO
  • MATIC
  • SISHI
  • REM
  • ATOM
  • MANA
  • FTM
  • GRT
  • SOL
  • CRV
  • LRC
  • XTZ
  • USDC
  • AAVE
  • ONE
  • CRO
  • YFI
  • APE
  • BNT
  • COMP
  • ENJ
  • MKR
  • AMP
  • FIL
  • ICP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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