TradeZero vs Questrade

TradeZero vs Questrade Comparison Table 2024
TradeZero Questrade
2.6

TradeZero is #35 in our broker rankings.

3
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.

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.

Bonus Offer
5 commission-free trades
Comment by Reviewer
"We recommend TradeZero for active stock traders looking for zero commissions, powerful software and extended hours trading." "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."
Pros
  • ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets
  • High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients
  • Four in-house platforms including a proprietary mobile app with real-time data streaming
  • Simple pricing structure; free or paid stock and options orders (eligibility requirements apply)
  • On-demand tutorial videos and live stream market insights
  • The US entity is registered with the FINRA and SIPC
  • Innovative solution to mark unused locates for credit
  • Pre-market and post-market trading hours
  • 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
Cons
  • TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable
  • High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500)
  • The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas
  • A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals
  • Customer support is available 24/7 with a responsive live chat
  • $1000 minimum deposit is high for beginners
  • No fractional shares for lower entry requirements
  • Canadian citizens accepted only
  • No youth investment accounts
Awards
  • #1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study
  • Seal of Service Excellence 2019 - DALBAR
Instruments
Stocks, ETFs, Options Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
No Yes
Minimum Deposit
$200 $1000
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
SCB, FINRA CIRO
Margin Trading
Yes No
Margin Rate
8%
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
Yes No
Mobile Apps
iOS & Android Yes
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
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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.
Leverage
1:3.33
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
0.05
Stocks Spread
1 cent per share
Forex Trading
Forex trading not offered 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.
GBPUSD Spread
2
EURUSD Spread
1.9
EURGBP Spread
2.1
Assets
110+
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