Qtrade vs National Bank Direct Brokerage Comparison: 2024

About Qtrade

About Qtrade

Founded in 2000, Qtrade is a Canada based broker offering you stocks, Mutual Funds, IPOs, ETFs, Bonds, GICs, and Options.

The online stock broker mainly focuses on beginners and thus offers a basic, simple platform with quick signups and user-friendly interface. Its low commissions and great customer service is commendable.

Qtrade is regulated by top tier regulatory bodies like IIROC (Industry Regulatory Organization of Canada) which builds trust among the users.

Qtrade Features

• Qtrade offers a wide selection of investment options from stocks, Mutual Funds, IPOs, ETFs, Bonds, and Options to GICs. • It offers 100 free ETFs. • Qtrade offers low and competitive trading commissions. It charges $8.75 per trade, regardless of traded value or your account value. • For active traders, it reduces the commission to just $6.95 per trade. • To fulfil your research requirements, it provides you real-time quotes, customized reports, watchlists, stock-screening tools, market news, and portfolio analysis. •

About National Bank Direct Brokerage

National Bank Direct Brokerage Account: An Overview

National Bank Direct Brokerage (NBDB) Account is an online brokerage account that has been in the Canadian financial markets for the past 35 years from 1987. It is a part of National Bank of Canada that has been on the Canadian banking industry from the year 1859. Having said that, you are not required to be a bank account holder to open a brokerage account.

In 2021, NBDB took a giant leap by becoming the 1st broker account to offer transactions at $0 commissions and mandates no minimum balance. The account offers both US and Canadian financial instruments and it allows for you to open both US dollar account and Canadian dollar account.

Type of Accounts offered by National Bank Direct Brokerage

Here are different types of accounts being offered:

Registered Accounts

1.Tax-Free Savings Account (TFSA) 2. Registered Retirement Savings Plan (RRSP) 3. Registered Education Savings

Qtrade vs National Bank Direct Brokerage Account Opening Charges: 2024

ChargeQtradeNational Bank Direct Brokerage
Demat Account Opening ChargesN/AN/A
Trading Acc Opening ChargesN/AN/A
Trading Account AMCN/AN/A
Demat Account AMCN/AN/A

Qtrade vs National Bank Direct Brokerage Brokerage Charges and Plans : 2024

ChargeQtradeNational Bank Direct Brokerage
Plan NameN/AN/A
Equity DeliveryN/AN/A
Equity IntradayN/AN/A
Equity FuturesN/AN/A
Equity OptionsN/AN/A
Currency FuturesN/AN/A
Currency OptionsN/AN/A
Commodity OptionsN/AN/A
Mutual FundN/AN/A

Qtrade vs National Bank Direct Brokerage Margin / Exposure: 2024

SegmentQtradeNational Bank Direct Brokerage
Equity DeliveryN/AN/A
Equity IntradayN/AN/A
Equity FutureN/AN/A
Equity OptionsN/AN/A
Currency FutureN/AN/A
Currency OptionsN/AN/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A
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