Questrade vs Qtrade Comparison: 2024

About Questrade

Founded in 1999, Questrade is a fastest growing Canada based broker. The leading canadian broker always remained an early adopter whether it was offering $4.95 commissions, the free North American ETFs, dual-currency registered accounts, or trailer free rebates.

Every year, over 100,000 Canadians open their accounts with Questrade and Questrade currently has an AUM of $15 billion.

Regulated by the Investment Industry Regulatory Organisation of Canada (IIROC) and Canadian Investor Protection Fund (CIPF), Questrade went beyond with an additional $10 million in private insurance (for self-directed as well as managed accounts) and 100% reimbursement for unauthorized transactions.

Questrade always had an edge in terms of fees and commissions. One of the reasons is that they have low overhead costs as they have no branches.

Questrade Features

• Questrade provides trading in stocks, bonds, ETFs, options, Mutual Funds, CFDs and forex. • It also offers international equities, guaranteed investment certificates (GICs), precious metal purchases, and initial public offerings

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. •