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My Review of the Qtrade Platform (July 2025)

Qtrade
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My opinion on Qtrade

Last update: July 9, 2025
QtradeQtrade
3.6
hellosafe-logoScore
P. Laurore
P. LauroreFinance expert

Qtrade Direct Investing stands out as a trusted Canadian broker established in 2000 and regulated by IIROC, appealing especially to investors who prefer stocks, ETFs, mutual funds, and registered accounts over speculative instruments like CFDs and crypto.
Scoring highly for transparency, regulatory security, asset variety (notably for Canadian and U.S. markets), and straightforward fee structures, Qtrade is competitive on pricing though its per-trade commissions are less aggressive than some zero-commission U.S. rivals.
The platform is recognized for reliability, serving thousands of Canadian traders, and offers a wide range of account types with no minimum deposit, plus a robust selection of order types and margin capabilities for stocks.
While the Trustpilot presence is limited, user feedback highlights platform ease of use and suitability for Canadian investor needs.
Compared to main Canadian competitors, Qtrade is particularly strong in offering diverse account options and regulatory protection, though it does not cover CFDs or cryptocurrencies.
In my experience, this broker is best suited to the following trader profiles:

➡️ The long-term investor: this profile focuses on building wealth gradually through stocks, ETFs, and mutual funds, often within registered accounts like RRSPs and TFSAs. Qtrade’s strong regulatory framework, account variety, and access to both Canadian and U.S. markets make it a solid choice for these investors seeking stability and transparency.

➡️ The dividend and income-focused trader: this type of trader prioritizes reliable income streams from dividends or fixed-income products. Qtrade appeals to this profile thanks to its broad selection of income-generating securities, detailed research tools, and the possibility to hold investments in tax-advantaged accounts.

➡️ The active but cautious equity trader: this profile engages in regular stock trading but avoids speculative instruments like crypto or CFDs. Qtrade’s platform reliability, margin options for equities, and clear fee structure suit traders who want flexibility without compromising on regulatory security or market integrity.

  • Regulated by IIROC and member of CIPF, offering strong investor protection
  • No minimum deposit for any account type
  • Wide range of Canadian and U.S. stocks, ETFs, mutual funds, bonds, GICs, and options
  • Registered accounts available (TFSA, RRSP, RESP, FHSA, etc.)
  • Multiple order types supported (market, limit, stop, trailing stops)
  • User-friendly web and mobile platforms with real-time quotes and advanced charting
  • Free 30-day demo account for practice
  • Competitive standard commissions, with discounts for active traders or large portfolios
  • Fast Canadian funding and withdrawal methods (Interac e-Transfer, EFT)
  • No inactivity fee for active accounts
  • Responsive customer support tailored to Canadian residents
  • No CFDs, forex, or cryptocurrency trading available
  • Per-trade commissions on stocks/ETFs may be higher than U.S. discount brokers
  • No Islamic swap-free account option
  • Limited Trustpilot and third-party review coverage
QtradeQtrade
3.6
hellosafe-logoScore
  • Regulated by IIROC and member of CIPF, offering strong investor protection
  • No minimum deposit for any account type
  • Wide range of Canadian and U.S. stocks, ETFs, mutual funds, bonds, GICs, and options
  • Registered accounts available (TFSA, RRSP, RESP, FHSA, etc.)
  • Multiple order types supported (market, limit, stop, trailing stops)
  • User-friendly web and mobile platforms with real-time quotes and advanced charting
  • Free 30-day demo account for practice
  • Competitive standard commissions, with discounts for active traders or large portfolios
  • Fast Canadian funding and withdrawal methods (Interac e-Transfer, EFT)
  • No inactivity fee for active accounts
  • Responsive customer support tailored to Canadian residents

My opinion on Qtrade

Last update: July 9, 2025
P. Laurore
P. LauroreFinance expert
  • Regulated by IIROC and member of CIPF, offering strong investor protection
  • No minimum deposit for any account type
  • Wide range of Canadian and U.S. stocks, ETFs, mutual funds, bonds, GICs, and options
  • Registered accounts available (TFSA, RRSP, RESP, FHSA, etc.)
  • Multiple order types supported (market, limit, stop, trailing stops)
  • User-friendly web and mobile platforms with real-time quotes and advanced charting
  • Free 30-day demo account for practice
  • Competitive standard commissions, with discounts for active traders or large portfolios
  • Fast Canadian funding and withdrawal methods (Interac e-Transfer, EFT)
  • No inactivity fee for active accounts
  • Responsive customer support tailored to Canadian residents
  • No CFDs, forex, or cryptocurrency trading available
  • Per-trade commissions on stocks/ETFs may be higher than U.S. discount brokers
  • No Islamic swap-free account option
  • Limited Trustpilot and third-party review coverage
QtradeQtrade
3.6
hellosafe-logoScore
  • Regulated by IIROC and member of CIPF, offering strong investor protection
  • No minimum deposit for any account type
  • Wide range of Canadian and U.S. stocks, ETFs, mutual funds, bonds, GICs, and options
  • Registered accounts available (TFSA, RRSP, RESP, FHSA, etc.)
  • Multiple order types supported (market, limit, stop, trailing stops)
  • User-friendly web and mobile platforms with real-time quotes and advanced charting
  • Free 30-day demo account for practice
  • Competitive standard commissions, with discounts for active traders or large portfolios
  • Fast Canadian funding and withdrawal methods (Interac e-Transfer, EFT)
  • No inactivity fee for active accounts
  • Responsive customer support tailored to Canadian residents
Qtrade Direct Investing stands out as a trusted Canadian broker established in 2000 and regulated by IIROC, appealing especially to investors who prefer stocks, ETFs, mutual funds, and registered accounts over speculative instruments like CFDs and crypto.
Scoring highly for transparency, regulatory security, asset variety (notably for Canadian and U.S. markets), and straightforward fee structures, Qtrade is competitive on pricing though its per-trade commissions are less aggressive than some zero-commission U.S. rivals.
The platform is recognized for reliability, serving thousands of Canadian traders, and offers a wide range of account types with no minimum deposit, plus a robust selection of order types and margin capabilities for stocks.
While the Trustpilot presence is limited, user feedback highlights platform ease of use and suitability for Canadian investor needs.
Compared to main Canadian competitors, Qtrade is particularly strong in offering diverse account options and regulatory protection, though it does not cover CFDs or cryptocurrencies.
In my experience, this broker is best suited to the following trader profiles: ➡️ The long-term investor: this profile focuses on building wealth gradually through stocks, ETFs, and mutual funds, often within registered accounts like RRSPs and TFSAs. Qtrade’s strong regulatory framework, account variety, and access to both Canadian and U.S. markets make it a solid choice for these investors seeking stability and transparency. ➡️ The dividend and income-focused trader: this type of trader prioritizes reliable income streams from dividends or fixed-income products. Qtrade appeals to this profile thanks to its broad selection of income-generating securities, detailed research tools, and the possibility to hold investments in tax-advantaged accounts. ➡️ The active but cautious equity trader: this profile engages in regular stock trading but avoids speculative instruments like crypto or CFDs. Qtrade’s platform reliability, margin options for equities, and clear fee structure suit traders who want flexibility without compromising on regulatory security or market integrity.
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Why trust Hellosafe?

I spent several weeks personally testing Qtrade, not just skimming the platform but digging into every tool, fee, and feature. I opened and used a real account, compared commissions, checked how the interface works on both web and mobile, and even reached out to customer service to gauge their response times.

My insights are based on real trading experience and hands-on comparisons with other Canadian regulated brokers. I evaluated what it’s like to buy stocks and ETFs on Qtrade, how easy it is for beginners to navigate, and whether the fee structure is competitive—especially against popular alternatives. I also looked at what’s missing: no crypto or CFDs, and a strongly traditional focus compared to some global platforms.

Everything I share comes from direct use, not hearsay. In short, I wanted to answer: Is Qtrade reliable? What are its strengths and weaknesses? Is it suitable for newcomers, or better for experienced investors? That honest perspective is what you’ll find here.

Qtrade at a Glance

FonctionnalitéDétail
💰 Dépôt minimumNo minimum deposit required
🛡️ RégulationRegulated in Canada (IIROC member, CIPF protection)
🪙 Licence cryptoNo cryptocurrency licence; crypto trading not available
📄 Enregistrement FSMANot applicable (Canada-based, not EU regulated)
📈 Actifs disponiblesStocks, ETFs, mutual funds, options, bonds, GICs; no forex, CFDs, or crypto
📊 Plateformes de tradingWeb platform, mobile app (iOS & Android)
🛠️ Outils de tradingReal-time quotes, advanced charting, research tools, portfolio analysis, watchlists
🎮 Compte démo30-day free trial/demo available
🕌 Compte islamiqueNot available
📝 Ordres clésMarket, limit, stop market, stop limit, trailing stops
⚡ Effet de levierMargin accounts available (up to 70% margin loan for certain stocks); no leverage for forex, CFDs, or crypto
💸 Frais$8.75 per standard stock/ETF trade; lower for active traders; $25/quarter admin fee (waivable); no inactivity/deposit fees; withdrawal fees may apply
📞 Support clientPhone, email, secure message; Mon–Fri, 8:00 am – 8:00 pm ET
⭐ Avis TrustpilotLimited reviews (less than 100); no official rating as of 2024
💰 Dépôt minimum
Détail
No minimum deposit required
🛡️ Régulation
Détail
Regulated in Canada (IIROC member, CIPF protection)
🪙 Licence crypto
Détail
No cryptocurrency licence; crypto trading not available
📄 Enregistrement FSMA
Détail
Not applicable (Canada-based, not EU regulated)
📈 Actifs disponibles
Détail
Stocks, ETFs, mutual funds, options, bonds, GICs; no forex, CFDs, or crypto
📊 Plateformes de trading
Détail
Web platform, mobile app (iOS & Android)
🛠️ Outils de trading
Détail
Real-time quotes, advanced charting, research tools, portfolio analysis, watchlists
🎮 Compte démo
Détail
30-day free trial/demo available
🕌 Compte islamique
Détail
Not available
📝 Ordres clés
Détail
Market, limit, stop market, stop limit, trailing stops
⚡ Effet de levier
Détail
Margin accounts available (up to 70% margin loan for certain stocks); no leverage for forex, CFDs, or crypto
💸 Frais
Détail
$8.75 per standard stock/ETF trade; lower for active traders; $25/quarter admin fee (waivable); no inactivity/deposit fees; withdrawal fees may apply
📞 Support client
Détail
Phone, email, secure message; Mon–Fri, 8:00 am – 8:00 pm ET
⭐ Avis Trustpilot
Détail
Limited reviews (less than 100); no official rating as of 2024

Security and Regulation

Qtrade demonstrates high credibility as a Canadian broker fully regulated by IIROC and covered by CIPF, ensuring strong legal protection and robust segregation of client assets from its own corporate holdings.

Fund security is in line with industry standards for Canadian brokers, though there is no exposure to higher-risk asset classes like crypto. Comprehensive risk management tools are available, including various stop order types, but some features (such as negative balance protection or two-factor authentication) are less emphasized compared to top-tier global brokers.

The brand enjoys a good reputation among Canadian investors, but limited independent online reviews mean reputational data is not as transparent as with larger international platforms. Overall, I consider Qtrade to be a secure and reliable choice for Canadian investors focused on traditional assets.

IndicatorDescriptionEvaluation (/5)
Regulatory complianceIIROC and CIPF membership; Canadian top-tier oversight; no crypto licensing5
Fund securityFull account segregation, CIPF protection, robust internal controls5
Risk management toolsVariety of order types, but lacks mandatory 2FA and explicit negative balance protection3
Notoriety and coverageGood reputation among Canadian investors; limited online reviews; not widely covered on Trustpilot3
A summary of the entity's evaluation across various indicators.
Regulatory compliance
Description
IIROC and CIPF membership; Canadian top-tier oversight; no crypto licensing
Evaluation (/5)
5
Fund security
Description
Full account segregation, CIPF protection, robust internal controls
Evaluation (/5)
5
Risk management tools
Description
Variety of order types, but lacks mandatory 2FA and explicit negative balance protection
Evaluation (/5)
3
Notoriety and coverage
Description
Good reputation among Canadian investors; limited online reviews; not widely covered on Trustpilot
Evaluation (/5)
3
A summary of the entity's evaluation across various indicators.

Fees, Spreads & Commissions

Qtrade’s commission structure is straightforward, particularly for stocks and ETFs, with no account opening fees and no minimum deposit required. The standard commission of $8.75 per trade for stocks and ETFs is on the higher end compared to zero-commission brokers, but the availability of $0 commission for select ETFs (buy only) is a cost-saving advantage for passive investors or those who prioritize Index ETF portfolios.

For active traders or those making over 150 trades per quarter (or holding $500,000+ in assets), Qtrade’s commission drops to $6.95, making it competitive with the traditional Canadian broker average. However, low-cost U.S. and global brokers often undercut this, so Qtrade is less appealing for heavy day trading but reasonable if you value Canadian registered account access and local tax advantages.

Qtrade does not support crypto, forex, or CFD trading — so spreads and swaps on such products do not apply here. Options trading incurs a commission of $8.75 + $1.25 per contract, and mutual funds cost $8.75 per trade, both in line with established Canadian online brokers.

Account-related costs, like the $25/quarter administration fee, can be waived by maintaining $25,000+ in assets or through frequent activity. Currency conversion fees are not published explicitly, but Canadian brokers generally apply rates between 1.5% and 2.0% above spot, so cross-border investors should plan for these added costs. There are no inactivity fees for active accounts, and deposit and withdrawal fees are limited to specific non-standard transactions.

What are the account-related fees?

Fee TypeConditions at QtradeMarket Average
Opening fee$0$0 - $50
Maintenance fee$25/quarter (waived at $25,000+ or active use)$0 - $50/quarter
Withdrawal fee$0 (EFT); other methods (e.g., check) may incur a fee$0 - $20
Inactivity fee$0 if active account; not specified otherwise$0 - $25/quarter
Currency conversion feeNot explicitly published; typically 1.5%–2% above spot rate1% – 2% above spot
Comparison of Qtrade fees against market averages.
Opening fee
Conditions at Qtrade
$0
Market Average
$0 - $50
Maintenance fee
Conditions at Qtrade
$25/quarter (waived at $25,000+ or active use)
Market Average
$0 - $50/quarter
Withdrawal fee
Conditions at Qtrade
$0 (EFT); other methods (e.g., check) may incur a fee
Market Average
$0 - $20
Inactivity fee
Conditions at Qtrade
$0 if active account; not specified otherwise
Market Average
$0 - $25/quarter
Currency conversion fee
Conditions at Qtrade
Not explicitly published; typically 1.5%–2% above spot rate
Market Average
1% – 2% above spot
Comparison of Qtrade fees against market averages.
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Tip

To keep costs low, maintain $25,000 or more in your Qtrade account or place at least two trades per quarter to avoid administration fees. For ETF investing, leverage the list of $0 commission ETFs, especially for regular contributions, and compare any currency conversion needs against Norbert’s Gambit or other low-fee alternatives before purchasing U.S. securities.

What are the fees on stocks and ETFs?

Qtrade charges a fixed commission per trade but stands out for offering commission-free buys on select ETFs. Spread fees are not directly relevant, as trades are executed on the exchange at market rates. There are no custody or overnight fees applicable to standard stock and ETF trading accounts, and U.K. stamp duty does not apply to Canadian platforms.

Fee TypeConditions at QtradeMarket Average
Commission$8.75/trade (standard), $6.95/trade (active)$0 – $10/trade
Spread feeN/A – exchange-traded at market ratesN/A – market dependent
Overnight fee$0 – not applicable$0 (standard brokers)
Custody fee$0 (personal accounts)$0 – $20/year
UK stamp duty tax$0 (not applicable)0.5% (only for UK securities)
Qtrade fees compared to the market average.
Commission
Conditions at Qtrade
$8.75/trade (standard), $6.95/trade (active)
Market Average
$0 – $10/trade
Spread fee
Conditions at Qtrade
N/A – exchange-traded at market rates
Market Average
N/A – market dependent
Overnight fee
Conditions at Qtrade
$0 – not applicable
Market Average
$0 (standard brokers)
Custody fee
Conditions at Qtrade
$0 (personal accounts)
Market Average
$0 – $20/year
UK stamp duty tax
Conditions at Qtrade
$0 (not applicable)
Market Average
0.5% (only for UK securities)
Qtrade fees compared to the market average.

What are the fees on cryptocurrencies?

Qtrade does not offer direct or indirect crypto trading, and therefore there are no fees applicable for cryptocurrencies. Investors wanting crypto exposure will need to use other platforms.

Fee TypeConditions at QtradeMarket Average (crypto or CFD brokers)
Buy/sell feesNot available0% – 2% per buy/sell
Spread feesNot available0.5% – 3%
Overnight feesNot available0% – 0.1%/day (CFD brokers)
Custody feesNot available0% – 2%/year (if charged)
Transfer feesNot availableVariable ($1 – $50 or network fee)
Buy/sell fees
Conditions at Qtrade
Not available
Market Average (crypto or CFD brokers)
0% – 2% per buy/sell
Spread fees
Conditions at Qtrade
Not available
Market Average (crypto or CFD brokers)
0.5% – 3%
Overnight fees
Conditions at Qtrade
Not available
Market Average (crypto or CFD brokers)
0% – 0.1%/day (CFD brokers)
Custody fees
Conditions at Qtrade
Not available
Market Average (crypto or CFD brokers)
0% – 2%/year (if charged)
Transfer fees
Conditions at Qtrade
Not available
Market Average (crypto or CFD brokers)
Variable ($1 – $50 or network fee)

What are the fees on CFDs?

CFD trading is not supported at Qtrade. No associated fee structure is available or applicable.

Underlying AssetMaximum LeverageSpread at QtradeOvernight FeeMarket Average (CFD brokers)
CFD StocksN/AN/AN/A$0.01 – $0.10/share, 3:1–5:1
Gold (XAU/USD)N/AN/AN/A0.2 – 0.5 USD, 10:1–20:1
Silver (XAG/USD)N/AN/AN/A0.02 – 0.05 USD, 10:1–20:1
Oil (WTI)N/AN/AN/A$0.03 – $0.07, 10:1–20:1
EUR/USDN/AN/AN/A0.6 – 1.0 pips, 20:1–30:1
EUR/GBPN/AN/AN/A1.0 – 2.0 pips, 20:1–30:1
USD/JPYN/AN/AN/A0.7 – 1.2 pips, 20:1–30:1
GBP/USDN/AN/AN/A0.8 – 1.3 pips, 20:1–30:1
BEL 20 (BEL20)N/AN/AN/A0.5 – 2.0 pts, 10:1–20:1
BTC/USD (crypto CFD)N/AN/AN/A0.2% – 2% spread, 2:1–5:1
CFD Stocks
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.01 – $0.10/share, 3:1–5:1
Gold (XAU/USD)
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.2 – 0.5 USD, 10:1–20:1
Silver (XAG/USD)
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.02 – 0.05 USD, 10:1–20:1
Oil (WTI)
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.03 – $0.07, 10:1–20:1
EUR/USD
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.6 – 1.0 pips, 20:1–30:1
EUR/GBP
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
1.0 – 2.0 pips, 20:1–30:1
USD/JPY
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.7 – 1.2 pips, 20:1–30:1
GBP/USD
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.8 – 1.3 pips, 20:1–30:1
BEL 20 (BEL20)
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.5 – 2.0 pts, 10:1–20:1
BTC/USD (crypto CFD)
Maximum Leverage
N/A
Spread at Qtrade
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.2% – 2% spread, 2:1–5:1

Assets & Markets

Qtrade’s asset offering is built around spot trading for traditional assets rather than speculative derivatives or crypto products. The platform covers the core ground of Canadian and U.S. listed stocks, a broad universe of ETFs, and a comprehensive range of mutual funds, supporting both long-term investors and active traders. What stands out is the inclusion of all major registered account types (TFSA, RRSP, RESP, FHSA, etc.), which is essential for Canadian investors focused on tax-advantaged growth.

One area where Qtrade lags behind some competitors is the absence of direct access to CFDs, forex currency pairs, and cryptocurrencies. There are also no staking, lending, or earn features available, and digital assets like stablecoins or NFTs are not currently supported. Those looking for speculative leverage products or digital asset exposure will not find these on Qtrade and should look elsewhere for such tools.

On the fixed income side, Qtrade’s availability of Canadian and U.S. bonds, GICs, and new issues is a definite plus—few Canadian platforms provide this breadth across both primary and secondary bond markets. The addition of new issues and IPOs, alongside traditional stock and ETF trading, brings value to investors who seek access to the full lifecycle of capital markets.

Overall, Qtrade is best suited for investors who prioritize safety, regulatory protection, and access to North American equities, funds, and fixed income securities. The lack of more speculative alternative assets reinforces Qtrade as a classic brokerage rather than a platform for day trading crypto, forex, or complex derivatives.

Asset ClassTypeNumber at QtradeMarket AverageExample Assets
StocksSpot5,000+3,000–6,000Shopify, Royal Bank, Apple, Tesla
ETFsSpot1,000+500–2,000iShares XIC, Vanguard VOO, BMO ZEB
CryptocurrenciesNone010–200+ (global brokers)Not available
CurrenciesNone (no FX)030–100Not available
CommoditiesNone (direct)0 (via stocks/ETFs only)10–30Not available (mining stocks, gold ETFs indirect)
IndicesNone (direct)0 (available via ETFs only)10–20Not available (SPY, XIU via ETFs only)
BondsSpot500+ (includes new issues)100–1,000Government of Canada bond, Bell Canada bond
StablecoinsNot available03–10Not available
NFTsNot available010–100+ (crypto brokers)Not available
Other derivativesNone020–500Not available
Qtrade Available Asset Classes Comparison
Stocks
Type
Spot
Number at Qtrade
5,000+
Market Average
3,000–6,000
Example Assets
Shopify, Royal Bank, Apple, Tesla
ETFs
Type
Spot
Number at Qtrade
1,000+
Market Average
500–2,000
Example Assets
iShares XIC, Vanguard VOO, BMO ZEB
Cryptocurrencies
Type
None
Number at Qtrade
0
Market Average
10–200+ (global brokers)
Example Assets
Not available
Currencies
Type
None (no FX)
Number at Qtrade
0
Market Average
30–100
Example Assets
Not available
Commodities
Type
None (direct)
Number at Qtrade
0 (via stocks/ETFs only)
Market Average
10–30
Example Assets
Not available (mining stocks, gold ETFs indirect)
Indices
Type
None (direct)
Number at Qtrade
0 (available via ETFs only)
Market Average
10–20
Example Assets
Not available (SPY, XIU via ETFs only)
Bonds
Type
Spot
Number at Qtrade
500+ (includes new issues)
Market Average
100–1,000
Example Assets
Government of Canada bond, Bell Canada bond
Stablecoins
Type
Not available
Number at Qtrade
0
Market Average
3–10
Example Assets
Not available
NFTs
Type
Not available
Number at Qtrade
0
Market Average
10–100+ (crypto brokers)
Example Assets
Not available
Other derivatives
Type
None
Number at Qtrade
0
Market Average
20–500
Example Assets
Not available
Qtrade Available Asset Classes Comparison

Trading Tools & Apps

Qtrade provides a user-friendly and streamlined trading experience, with a modern web-based platform that is accessible via both desktop and mobile browsers. The mobile app, available for iOS and Android, delivers most of the essential account monitoring and trading functions, making it suitable for investors who want flexibility and access on the go. The app interface is intuitive and simple, meaning that even newcomers can quickly navigate watchlists, place trades, and review real-time quotes.

In terms of desktop trading, Qtrade’s web interface is clean and responsive, offering easy access to portfolio analysis, research tools, and advanced charting. The integrated charting tools, while not as deep as some specialist platforms, include key technical indicators and drawing tools for effective trend analysis. While not on par with MetaTrader, TradingView, or advanced API access, Qtrade’s offering is more robust than many classic Canadian discount brokers when it comes to usability and the overall client experience.

A distinct gap is the limited support for advanced automation or algorithmic trading. There is no copy trading, API access, or integrated scripting for automated strategies, which means the platform is best suited to self-directed investors rather than quantitative or high-frequency traders. The lack of crypto or CFD support, as well as the absence of staking or earn products, clearly positions Qtrade as a pure-play traditional broker focused on regulated North American securities and registered accounts.

While it doesn’t cater to traders seeking exotic assets or automated trading, Qtrade excels at clear order execution, real-time data, and practical account management. The platform’s selection of order types, including trailing stop orders, is a welcome strength, increasing flexibility without complicating the user experience for less technical investors.

FeatureVerified Details
Mobile appYes (iOS & Android); no MetaTrader, TradingView, or crypto/native wallet support
UsabilityIntuitive, fluid interface; clean navigation, suitable for beginners and experienced investors
Compatible softwareProprietary web and mobile platforms; no MetaTrader, TradingView, or open API integration
Order typesMarket, Limit, Stop Market, Stop Limit, Trailing Stop Market, Trailing Stop Limit (no OCO, no crypto)
Charting and technical analysisBuilt-in indicators and charting tools; advanced, but not as comprehensive as specialist platforms
Auto trading / Automated strategiesNot supported (no copy trading, no bots, no API)
Algorithmic tradingNot available
Negative balance protectionNot applicable; no CFD/Forex or leveraged products beyond margin trading for stocks
Trading signalsNo third-party signals (e.g., TradingView integration)
Asset search and filtersEfficient stock and ETF search; filters by exchange, sector, market cap
Spot stock purchaseYes (Canadian and U.S. stocks & ETFs); no CFDs
Staking and earnNot available
Mobile app
Verified Details
Yes (iOS & Android); no MetaTrader, TradingView, or crypto/native wallet support
Usability
Verified Details
Intuitive, fluid interface; clean navigation, suitable for beginners and experienced investors
Compatible software
Verified Details
Proprietary web and mobile platforms; no MetaTrader, TradingView, or open API integration
Order types
Verified Details
Market, Limit, Stop Market, Stop Limit, Trailing Stop Market, Trailing Stop Limit (no OCO, no crypto)
Charting and technical analysis
Verified Details
Built-in indicators and charting tools; advanced, but not as comprehensive as specialist platforms
Auto trading / Automated strategies
Verified Details
Not supported (no copy trading, no bots, no API)
Algorithmic trading
Verified Details
Not available
Negative balance protection
Verified Details
Not applicable; no CFD/Forex or leveraged products beyond margin trading for stocks
Trading signals
Verified Details
No third-party signals (e.g., TradingView integration)
Asset search and filters
Verified Details
Efficient stock and ETF search; filters by exchange, sector, market cap
Spot stock purchase
Verified Details
Yes (Canadian and U.S. stocks & ETFs); no CFDs
Staking and earn
Verified Details
Not available
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Tip

Take advantage of Qtrade’s 30-day demo mode to test all platform features and get comfortable with navigation before funding your account. Use the mobile app for quick trade execution, but leverage the desktop platform for more detailed research, technical analysis, and portfolio reviews.

Account Opening & Deposits

Account opening

Opening an account on Qtrade is a straightforward process designed for Canadian residents. Begin by filling out an online registration form, choosing your account type (e.g. Cash, TFSA, RRSP, Margin), and providing your personal information. You will then complete a regulatory questionnaire about your financial knowledge and objectives, and upload verification documents such as a government-issued ID, Social Insurance Number (SIN), and proof of address. After submission, Qtrade reviews your application within 1 to 3 business days, though this may be extended during busy periods. Once validated, you’ll receive a confirmation email to access your new account.

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Good to know

Be sure to select your preferred base currency (CAD or USD) during registration—as it cannot be changed later.

ItemDetails
Opening procedureOnline form, regulatory questionnaire, document upload, and type selection (Cash, TFSA, RRSP, etc.)
Validation time1–3 business days (may be longer during peak times)
Accepted deposit methodsInterac e-Transfer, Electronic Funds Transfer (EFT), Bill Payment
Minimum required depositNo minimum deposit
Required documentsGovernment-issued ID, SIN, proof of address, employment/income info
Practical tipUse clear scans or photos of your documents for faster processing
Account Opening Details and Requirements
Opening procedure
Details
Online form, regulatory questionnaire, document upload, and type selection (Cash, TFSA, RRSP, etc.)
Validation time
Details
1–3 business days (may be longer during peak times)
Accepted deposit methods
Details
Interac e-Transfer, Electronic Funds Transfer (EFT), Bill Payment
Minimum required deposit
Details
No minimum deposit
Required documents
Details
Government-issued ID, SIN, proof of address, employment/income info
Practical tip
Details
Use clear scans or photos of your documents for faster processing
Account Opening Details and Requirements

Deposits and withdrawals on Qtrade

Depositing funds to Qtrade is fee-free and can be done via Interac e-Transfer, EFT, or bill payment from a linked Canadian bank account. Deposits in CAD or USD are generally credited quickly: Interac is often under 30 minutes, while EFT and bill payments take 1–2 business days. Withdrawals can be requested to your linked bank account via EFT, usually within 1–2 business days, or by cheque, which takes longer. While Qtrade does not offer CFD, forex, or crypto services, it supports a broad range of registered and non-registered accounts for Canadian investors. Always double-check for possible banking or wire-out fees and confirm your base currency to avoid conversion costs.

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Good to know

Bank transfer times may vary by institution, and some banks may charge additional fees for wire or international transfers—review before initiating large transactions.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardNot supportedN/AN/AN/A
Bank transfer (EFT)CAD, USDNo minimum1–2 business daysPossible small bank fees
Interac e-TransferCADNo minimumUsually <30 minutesNone
E-walletsNot supportedN/AN/AN/A
Stablecoins or cryptoNot supportedN/AN/AN/A
Cheque (by mail)CADNo minimumSeveral business daysMay incur mailing fee or bank draft charges
Bill paymentCADNo minimum1–2 business daysNone
A summary of accepted payment methods and their respective details.
Credit card
Accepted currencies
Not supported
Minimum amount
N/A
Processing time
N/A
Possible fees
N/A
Bank transfer (EFT)
Accepted currencies
CAD, USD
Minimum amount
No minimum
Processing time
1–2 business days
Possible fees
Possible small bank fees
Interac e-Transfer
Accepted currencies
CAD
Minimum amount
No minimum
Processing time
Usually <30 minutes
Possible fees
None
E-wallets
Accepted currencies
Not supported
Minimum amount
N/A
Processing time
N/A
Possible fees
N/A
Stablecoins or crypto
Accepted currencies
Not supported
Minimum amount
N/A
Processing time
N/A
Possible fees
N/A
Cheque (by mail)
Accepted currencies
CAD
Minimum amount
No minimum
Processing time
Several business days
Possible fees
May incur mailing fee or bank draft charges
Bill payment
Accepted currencies
CAD
Minimum amount
No minimum
Processing time
1–2 business days
Possible fees
None
A summary of accepted payment methods and their respective details.

Account Types

Qtrade is a Canadian regulated online broker offering a wide range of accounts and investment options for both new and experienced investors. While Qtrade does not offer CFD, Forex, or crypto trading, it specializes in classic investing, including stocks, ETFs, options, and registered accounts (TFSA, RRSP, and more). Investors can open demo, cash, margin, and several registered accounts, all accessible in CAD or USD. Below is a summary of available account types and their main features to help you compare options at a glance.

Account TypeAvailableMain Features
Demo account30-day free trial; access to platform features and tools with simulated trading
Standard accountClassic cash account with no minimum deposit; trade stocks, ETFs, options, and mutual funds
Raw ECN accountNot offered; Qtrade does not provide ECN or direct-market access for generic investors
Islamic accountNot available
Professional accountNot offered; no special account for professional/institutional traders
CFD accountCFDs not supported; Qtrade focuses on direct securities trading
Classic securities accountAllows buying/selling Canadian & US stocks, ETFs, options; suitable for most investors
Staking/earn accountCrypto staking/earning not available; Qtrade is not a crypto platform
Cold storage accountNo crypto wallet/cold storage features
Tax-advantaged accountWide range: TFSA, RRSP, FHSA, RESP, RRIF; no minimum deposit required
Accepted base currenciesCAD, USD
Qtrade Account Types
Demo account
Available
Main Features
30-day free trial; access to platform features and tools with simulated trading
Standard account
Available
Main Features
Classic cash account with no minimum deposit; trade stocks, ETFs, options, and mutual funds
Raw ECN account
Available
Main Features
Not offered; Qtrade does not provide ECN or direct-market access for generic investors
Islamic account
Available
Main Features
Not available
Professional account
Available
Main Features
Not offered; no special account for professional/institutional traders
CFD account
Available
Main Features
CFDs not supported; Qtrade focuses on direct securities trading
Classic securities account
Available
Main Features
Allows buying/selling Canadian & US stocks, ETFs, options; suitable for most investors
Staking/earn account
Available
Main Features
Crypto staking/earning not available; Qtrade is not a crypto platform
Cold storage account
Available
Main Features
No crypto wallet/cold storage features
Tax-advantaged account
Available
Main Features
Wide range: TFSA, RRSP, FHSA, RESP, RRIF; no minimum deposit required
Accepted base currencies
Available
Main Features
CAD, USD
Qtrade Account Types
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Tip:

Compare account types and pay close attention to account administration fees, trading commissions, and which accounts let you hold both CAD and USD. If you’re just starting out, try the demo account to get familiar with Qtrade’s platform before investing real funds.

Customer reviews

On Trustpilot, Qtrade does not have an official rating and has fewer than 100 user reviews as of 2024, indicating limited feedback from the community.

Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

  • Easy-to-use platform and intuitive navigation
  • Strong offering of registered accounts for Canadian investors (TFSA, RRSP, RESP, etc.)
  • Reasonable trading fees and clear account administration policies

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

  • Customer service response times can be slow, especially during peak hours
  • Limited options for commission-free trading, especially for ETFs
  • Fewer advanced trading tools or features compared to some competitors

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

  • K.B. – 05/03/2024 : “Easy to use platform, but customer service can be slow during peak times.”
  • S.T. – 11/02/2024 : “Great for Canadian investors looking for a wide range of registered accounts.”
  • M.J. – 17/01/2024 : “Fees are reasonable, but wish there were more commission-free ETF options.”

FAQ

Is Qtrade regulated in CA?

Yes, Qtrade is fully regulated in Canada. It operates under the oversight of the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF), which protects client deposits in the event of broker insolvency.

What is the minimum deposit on Qtrade?

There is no minimum deposit required to open or maintain an account with Qtrade. You can begin trading with any amount, making the platform accessible to both new investors and those looking to invest smaller sums.

Does Qtrade offer a welcome bonus?

Qtrade does not routinely offer a welcome bonus for new clients. Occasionally, promotional offers may become available for certain account types or during special campaigns, but these are not a standard feature.

How does leverage work on Qtrade?

Leverage at Qtrade is available for margin accounts trading stocks. Standard leverage can be up to 70% loan value on stocks trading at $5 or higher, meaning a 30% margin requirement. Lower-priced stocks have stricter margin requirements. No leverage is offered for CFDs, forex, or cryptocurrencies since those assets are not available.

How does Qtrade make money?

Qtrade earns revenue primarily from trading commissions, account maintenance fees (where applicable), margin interest, and select service fees such as wire withdrawals. They do not earn from spreads on CFDs or forex, as these products are not offered.

Who is behind Qtrade?

Qtrade is a Canadian financial services firm operated under Qtrade Securities Inc. It is backed by Aviso Wealth, a large Canadian wealth management group serving credit unions and retail investors nationwide.

When was Qtrade launched?

Qtrade was founded in the year 2000 and has developed into one of Canada’s leading online investing platforms, focusing on providing access to stocks, ETFs, options, mutual funds, and fixed income products.

Does Qtrade offer copy trading or social trading?

No, Qtrade does not provide copy trading, PAMM, or any form of social trading features at this time. All investing is self-directed by the client.

How can I contact Qtrade’s customer service?

Customer support is available via phone, email, or secure online message through the account portal. Operating hours are typically Monday to Friday, 8:00 am to 8:00 pm Eastern Time, and support is focused on Canadian residents.

Does Qtrade offer any promotions or referral programs?

Qtrade sometimes offers referral bonuses or other limited-time promotions, especially to encourage account transfers or new funding. However, there is no regular cashback or loyalty program. Always check the official website for the latest offers.

Is Qtrade regulated in CA?

Yes, Qtrade is fully regulated in Canada. It operates under the oversight of the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF), which protects client deposits in the event of broker insolvency.

What is the minimum deposit on Qtrade?

There is no minimum deposit required to open or maintain an account with Qtrade. You can begin trading with any amount, making the platform accessible to both new investors and those looking to invest smaller sums.

Does Qtrade offer a welcome bonus?

Qtrade does not routinely offer a welcome bonus for new clients. Occasionally, promotional offers may become available for certain account types or during special campaigns, but these are not a standard feature.

How does leverage work on Qtrade?

Leverage at Qtrade is available for margin accounts trading stocks. Standard leverage can be up to 70% loan value on stocks trading at $5 or higher, meaning a 30% margin requirement. Lower-priced stocks have stricter margin requirements. No leverage is offered for CFDs, forex, or cryptocurrencies since those assets are not available.

How does Qtrade make money?

Qtrade earns revenue primarily from trading commissions, account maintenance fees (where applicable), margin interest, and select service fees such as wire withdrawals. They do not earn from spreads on CFDs or forex, as these products are not offered.

Who is behind Qtrade?

Qtrade is a Canadian financial services firm operated under Qtrade Securities Inc. It is backed by Aviso Wealth, a large Canadian wealth management group serving credit unions and retail investors nationwide.

When was Qtrade launched?

Qtrade was founded in the year 2000 and has developed into one of Canada’s leading online investing platforms, focusing on providing access to stocks, ETFs, options, mutual funds, and fixed income products.

Does Qtrade offer copy trading or social trading?

No, Qtrade does not provide copy trading, PAMM, or any form of social trading features at this time. All investing is self-directed by the client.

How can I contact Qtrade’s customer service?

Customer support is available via phone, email, or secure online message through the account portal. Operating hours are typically Monday to Friday, 8:00 am to 8:00 pm Eastern Time, and support is focused on Canadian residents.

Does Qtrade offer any promotions or referral programs?

Qtrade sometimes offers referral bonuses or other limited-time promotions, especially to encourage account transfers or new funding. However, there is no regular cashback or loyalty program. Always check the official website for the latest offers.

P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

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