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Qtrade Canada Review 2025: A Complete Analysis

Qtrade
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My opinion on Qtrade

Last update: July 25, 2025
QtradeQtrade
3.7
hellosafe-logoScore
P. Laurore
P. Laurore
Finance expert

Qtrade stands out as a regulated Canadian broker, established in 2000 and trusted by thousands of investors for its strong IIROC oversight and CIPF-backed account protection.
It offers an attractive range of registered account types (RRSP, TFSA, RESP) with $0 minimum deposit, and a solid product lineup focused on Canadian and U.S. stocks, ETFs (including over 150 crypto ETFs), mutual funds, bonds, and options.
Qtrade's competitive edge lies in its regulatory security, investor protection, and access to no-fee ETF trades, though it charges higher standard trading commissions ($8.75 per trade) than some rivals and lacks popular asset classes like forex, CFDs, and direct crypto trading.
The platform enjoys a strong reputation for reliability and investor safety, with a straightforward web and mobile experience, but has a modest Trustpilot score of 2.6 out of 5 from 38 reviews, with mixed feedback on customer support and mobile functionality.
Compared to Canadian competitors, Qtrade is a robust choice for those seeking strong compliance and account options, but less suited for traders demanding rock-bottom costs or access to speculative assets.

➡️ Long-term investors and retirement-focused Canadians: Qtrade shines for those using registered accounts (RRSP, TFSA, RESP), offering tax-advantaged investment options with a solid range of mutual funds, stocks, and ETFs.

➡️ Conservative investors prioritizing safety: With strong oversight by IIROC and CIPF protection, Qtrade appeals to risk-averse users who value regulatory security over cutting-edge trading tools.

➡️ ETF-focused investors seeking low fees: The platform grants commission-free access to 100+ ETFs, making it suitable for passive investors building diversified portfolios at minimal cost.

  • Regulated by IIROC and member of CIPF, ensuring high investor protection
  • No minimum deposit required for any account type
  • Wide range of registered accounts (RRSP, TFSA, RESP, LIRA, corporate, etc.)
  • Access to Canadian and U.S. stocks, bonds, options, mutual funds, and 150+ crypto ETFs
  • Over 100 commission-free ETFs available (conditions apply)
  • Comprehensive order types including stop and conditional orders
  • User-friendly web-based and mobile trading platforms
  • Fast, free deposits and withdrawals to Canadian bank accounts
  • Strong track record and reputation (operating since 2000)
  • Transparent fee structure and secure account opening process
  • Higher standard trading fees ($8.75 per trade) than several competitors
  • No forex, CFD, or direct cryptocurrency trading available
  • No demo account or copy trading/social trading feature
  • No support for Islamic (swap-free) accounts
  • Potential inactivity fee of $25/quarter if minimum criteria not met
  • Only access to crypto via ETFs, with no wallet, staking, or lending options
  • Limited selection of advanced charting and research tools compared to peers
  • Mobile app receives criticism for limited features and usability
  • No desktop downloadable trading platform
QtradeQtrade
3.7
hellosafe-logoScore
  • Regulated by IIROC and member of CIPF, ensuring high investor protection
  • No minimum deposit required for any account type
  • Wide range of registered accounts (RRSP, TFSA, RESP, LIRA, corporate, etc.)
  • Access to Canadian and U.S. stocks, bonds, options, mutual funds, and 150+ crypto ETFs
  • Over 100 commission-free ETFs available (conditions apply)
  • Comprehensive order types including stop and conditional orders
  • User-friendly web-based and mobile trading platforms
  • Fast, free deposits and withdrawals to Canadian bank accounts
  • Strong track record and reputation (operating since 2000)
  • Transparent fee structure and secure account opening process

My opinion on Qtrade

Last update: July 25, 2025
P. Laurore
P. Laurore
Finance expert
  • Regulated by IIROC and member of CIPF, ensuring high investor protection
  • No minimum deposit required for any account type
  • Wide range of registered accounts (RRSP, TFSA, RESP, LIRA, corporate, etc.)
  • Access to Canadian and U.S. stocks, bonds, options, mutual funds, and 150+ crypto ETFs
  • Over 100 commission-free ETFs available (conditions apply)
  • Comprehensive order types including stop and conditional orders
  • User-friendly web-based and mobile trading platforms
  • Fast, free deposits and withdrawals to Canadian bank accounts
  • Strong track record and reputation (operating since 2000)
  • Transparent fee structure and secure account opening process
  • Higher standard trading fees ($8.75 per trade) than several competitors
  • No forex, CFD, or direct cryptocurrency trading available
  • No demo account or copy trading/social trading feature
  • No support for Islamic (swap-free) accounts
  • Potential inactivity fee of $25/quarter if minimum criteria not met
  • Only access to crypto via ETFs, with no wallet, staking, or lending options
  • Limited selection of advanced charting and research tools compared to peers
  • Mobile app receives criticism for limited features and usability
  • No desktop downloadable trading platform
QtradeQtrade
3.7
hellosafe-logoScore
  • Regulated by IIROC and member of CIPF, ensuring high investor protection
  • No minimum deposit required for any account type
  • Wide range of registered accounts (RRSP, TFSA, RESP, LIRA, corporate, etc.)
  • Access to Canadian and U.S. stocks, bonds, options, mutual funds, and 150+ crypto ETFs
  • Over 100 commission-free ETFs available (conditions apply)
  • Comprehensive order types including stop and conditional orders
  • User-friendly web-based and mobile trading platforms
  • Fast, free deposits and withdrawals to Canadian bank accounts
  • Strong track record and reputation (operating since 2000)
  • Transparent fee structure and secure account opening process
Qtrade stands out as a regulated Canadian broker, established in 2000 and trusted by thousands of investors for its strong IIROC oversight and CIPF-backed account protection.
It offers an attractive range of registered account types (RRSP, TFSA, RESP) with $0 minimum deposit, and a solid product lineup focused on Canadian and U.S. stocks, ETFs (including over 150 crypto ETFs), mutual funds, bonds, and options.
Qtrade's competitive edge lies in its regulatory security, investor protection, and access to no-fee ETF trades, though it charges higher standard trading commissions ($8.75 per trade) than some rivals and lacks popular asset classes like forex, CFDs, and direct crypto trading.
The platform enjoys a strong reputation for reliability and investor safety, with a straightforward web and mobile experience, but has a modest Trustpilot score of 2.6 out of 5 from 38 reviews, with mixed feedback on customer support and mobile functionality.
Compared to Canadian competitors, Qtrade is a robust choice for those seeking strong compliance and account options, but less suited for traders demanding rock-bottom costs or access to speculative assets. ➡️ Long-term investors and retirement-focused Canadians: Qtrade shines for those using registered accounts (RRSP, TFSA, RESP), offering tax-advantaged investment options with a solid range of mutual funds, stocks, and ETFs. ➡️ Conservative investors prioritizing safety: With strong oversight by IIROC and CIPF protection, Qtrade appeals to risk-averse users who value regulatory security over cutting-edge trading tools. ➡️ ETF-focused investors seeking low fees: The platform grants commission-free access to 100+ ETFs, making it suitable for passive investors building diversified portfolios at minimal cost.
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Why trust Hellosafe?

I spent several days personally testing Qtrade as a Canadian trader, making sure to dig into every important detail. I got hands-on with its trading platform—both web and mobile—reviewing how easy it was to navigate, place orders, and access research tools. I explored the fee structure, tested fund deposits and withdrawals, and interacted with customer support to see how responsive and knowledgeable they really are.

My review isn't just based on surface impressions; I've compared Qtrade side-by-side with other regulated Canadian brokers to weigh strengths and weaknesses. I considered the reliability and safety of client funds, the platform’s suitability for both beginners and advanced users, and the actual experience of trading stocks, ETFs, and options. Everything I share here is grounded in direct usage, not marketing claims.

I also kept an eye out for drawbacks—like the lack of a demo account or direct crypto and forex access—and recognized advantages such as strong regulation (IIROC, CIPF), solid support for retirement and registered accounts, and a full range of order types. My opinion reflects my honest experience, so you can make a more informed decision about whether Qtrade is right for you.

Qtrade at a glance

FonctionnalitéDétail
💰 Dépôt minimumNo minimum deposit required
🛡️ RégulationIIROC (Investment Industry Regulatory Organization of Canada); CIPF member
🌐 Licence cryptoNo direct crypto license; access via crypto ETFs only
🏛️ Enregistrement FSMANot applicable (not registered with FSMA)
📈 Actifs disponiblesCanadian & US stocks, ETFs (incl. 150+ crypto ETFs), mutual funds, options, bonds, GICs
📊 Plateformes de tradingWeb platform, Mobile app (iOS/Android)
🛠 Outils de tradingReal-time quotes, advanced charting, research, portfolio analysis, watchlists
🧪 Compte démoNot available
☪️ Compte islamiqueNot available
📝 Ordres clésMarket, limit, stop loss, stop limit, trailing stop, conditional orders
⚖️ Effet de levierMargin accounts available; leverage per IIROC standards (typically up to 2:1 for stocks)
💸 Frais$8.75/trade (stocks & ETFs); $6.95 for active traders; over 100 commission-free ETFs
📞 Support clientPhone, email, secure online messaging
⭐ Avis Trustpilot2.6 out of 5 (38 reviews, July 2025)
Tableau récapitulatif des fonctionnalités
💰 Dépôt minimum
Détail
No minimum deposit required
🛡️ Régulation
Détail
IIROC (Investment Industry Regulatory Organization of Canada); CIPF member
🌐 Licence crypto
Détail
No direct crypto license; access via crypto ETFs only
🏛️ Enregistrement FSMA
Détail
Not applicable (not registered with FSMA)
📈 Actifs disponibles
Détail
Canadian & US stocks, ETFs (incl. 150+ crypto ETFs), mutual funds, options, bonds, GICs
📊 Plateformes de trading
Détail
Web platform, Mobile app (iOS/Android)
🛠 Outils de trading
Détail
Real-time quotes, advanced charting, research, portfolio analysis, watchlists
🧪 Compte démo
Détail
Not available
☪️ Compte islamique
Détail
Not available
📝 Ordres clés
Détail
Market, limit, stop loss, stop limit, trailing stop, conditional orders
⚖️ Effet de levier
Détail
Margin accounts available; leverage per IIROC standards (typically up to 2:1 for stocks)
💸 Frais
Détail
$8.75/trade (stocks & ETFs); $6.95 for active traders; over 100 commission-free ETFs
📞 Support client
Détail
Phone, email, secure online messaging
⭐ Avis Trustpilot
Détail
2.6 out of 5 (38 reviews, July 2025)
Tableau récapitulatif des fonctionnalités

Security & Regulation

Qtrade stands out as a secure and reliable brokerage, primarily due to its strong regulatory framework under IIROC and its membership in the Canadian Investor Protection Fund (CIPF). Client assets are protected up to $1 million, which delivers confidence for both new and seasoned investors. Qtrade’s platform does not support direct crypto trading, forex, or CFDs, but this conservative asset approach aligns with its commitment to investor protection and established processes.

Fund security is a core strength, with clear policies on account segregation and strict Canadian regulatory oversight. While there are no cutting-edge crypto safeguards like proof-of-reserves, client assets are separated from company finances, providing an extra layer of safety. The platform’s risk management tools suit most investors, offering stop-loss, trailing stop, and conditional orders, though features like negative balance protection and two-factor authentication could be more prominent.

Qtrade enjoys a solid, long-term reputation within Canada, with a long-established track record and consistent praise for transparency and regulatory compliance. However, user reviews point to routine—but not systemic—service delays and some room for improvement in mobile app experience.

IndicatorDescriptionEvaluation
Regulatory complianceIIROC and CIPF member; strictly follows Canadian law; no crypto or Tier-1 global licenses5 / 5
Fund securityClient funds fully segregated; CIPF protection; no proof-of-reserves for crypto4 / 5
Risk management toolsStop loss, trailing stop, conditional orders available; limited mention of 2FA/negative balance3 / 5
Notoriety and coverageStrong Canadian reputation, long track record, moderate Trustpilot (~2.6/5)4 / 5
Regulatory compliance
Description
IIROC and CIPF member; strictly follows Canadian law; no crypto or Tier-1 global licenses
Evaluation
5 / 5
Fund security
Description
Client funds fully segregated; CIPF protection; no proof-of-reserves for crypto
Evaluation
4 / 5
Risk management tools
Description
Stop loss, trailing stop, conditional orders available; limited mention of 2FA/negative balance
Evaluation
3 / 5
Notoriety and coverage
Description
Strong Canadian reputation, long track record, moderate Trustpilot (~2.6/5)
Evaluation
4 / 5

Fees, Spreads & Commissions

Qtrade structures its fees to appeal primarily to investors who value regulatory protection, a wide selection of Canadian account types, and straightforward pricing over rock-bottom trading costs. Trading commissions for stocks and ETFs are set at $8.75 per trade for most users, with a reduced rate of $6.95 for highly active traders (150+ trades per quarter). This rate is competitive among Canadian bank-owned brokerages but noticeably higher than commission-free platforms like Wealthsimple and marginally pricier than low-cost leaders such as Questrade. However, Qtrade does provide access to over 100 commission-free ETFs, which partially offsets the impact for diversified ETF investors.

Spreads are not an overt cost at Qtrade, as the platform does not offer forex, CFDs, or direct crypto trading. Most users will interact with transparent, fixed commissions for equities and options. There are no hidden fees related to order execution, and the cost structure is easy to anticipate across asset classes. For mutual funds, Qtrade charges no commission for purchases but imposes a $45 early redemption fee if funds are sold within 90 days, a feature that discourages short-term fund switching.

Regarding account and transactional costs, Qtrade remains in line with industry standards. No fees apply to deposit or standard withdrawal transactions, but there is an inactivity fee of $25 per quarter, which is common among Canadian brokers, and a 1.5% mark-up for currency conversions—again, fairly average for the region. The absence of demo, Islamic, or raw account types reflects Qtrade’s traditional and highly regulated focus.

For investors interested in cryptocurrency, Qtrade does not offer direct crypto trading, but users can access 150+ crypto-themed ETFs. The costs for these mirror standard stock and ETF commissions, so while there is no separate crypto trading fee schedule, those seeking fee-competitive crypto transactions may find limited benefit versus specialist crypto platforms.

What are the account-related fees?

Fee TypeConditions at QtradeMarket Average
Opening fee$0$0
Maintenance fee$0$0
Withdrawal fee$0 (EFT); $0 (cheque); wire may vary$0–$10
Inactivity fee$25/quarter (waived if minimum activity)$20–$30/quarter
Currency conversion fee1.5% above spot rate1.5%–2.0%
Fee Comparison: Qtrade vs. Market Average
Opening fee
Conditions at Qtrade
$0
Market Average
$0
Maintenance fee
Conditions at Qtrade
$0
Market Average
$0
Withdrawal fee
Conditions at Qtrade
$0 (EFT); $0 (cheque); wire may vary
Market Average
$0–$10
Inactivity fee
Conditions at Qtrade
$25/quarter (waived if minimum activity)
Market Average
$20–$30/quarter
Currency conversion fee
Conditions at Qtrade
1.5% above spot rate
Market Average
1.5%–2.0%
Fee Comparison: Qtrade vs. Market Average
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Trader Tip

To minimize overall costs at Qtrade, take full advantage of their commission-free ETF list and maintain the required level of trading activity or minimum balance to avoid inactivity fees. For investors making frequent US trades, consider consolidating US transactions to limit the impact of currency conversion charges.

What are the fees on stocks and ETFs?

Qtrade applies a fixed commission structure for trading both Canadian and US stocks and ETFs. Standard trades cost $8.75 each, while active traders benefit from a discounted $6.95 rate. Over 100 ETFs are available commission-free; however, regular commissions may apply to sales or short holding periods. There are no spread markups, overnight fees, or custody fees for stocks and ETFs, and UK stamp duty tax is not applicable to Qtrade users.

Fee TypeConditions at QtradeMarket Average
Commission$8.75/trade; $6.95 for active traders (150+/qtr)$0–$9.95/trade
Spread fee$0 (exchange-driven only)$0 (exchange-traded)
Overnight fee$0$0
Custody fee$0$0
UK stamp duty tax$0 (not applicable)$0
Commission
Conditions at Qtrade
$8.75/trade; $6.95 for active traders (150+/qtr)
Market Average
$0–$9.95/trade
Spread fee
Conditions at Qtrade
$0 (exchange-driven only)
Market Average
$0 (exchange-traded)
Overnight fee
Conditions at Qtrade
$0
Market Average
$0
Custody fee
Conditions at Qtrade
$0
Market Average
$0
UK stamp duty tax
Conditions at Qtrade
$0 (not applicable)
Market Average
$0

What are the fees on cryptocurrencies?

Qtrade does not allow direct trading of cryptocurrencies; instead, exposure is provided through more than 150 crypto-related ETFs. Investing in these follows the standard commission schedule for stocks/ETFs, so buy and sell fees match the regular $8.75 rate. There are no spread, custody, or transfer fees specific to crypto ETFs, and overnight financing does not apply. Relative to direct crypto or CFD brokers, the lack of variable spread and transfer fees makes costs highly predictable, but Qtrade is not competitive for crypto traders seeking real tokens or frequent transactions.

Fee TypeConditions at QtradeMarket Average (crypto or CFD brokers)
Buy/sell fees$8.75/trade (ETFs only)0.1%–2% (varies)
Spread fees$0 (not applicable to ETFs)0.1%–1%
Overnight fees$0 (not applicable to ETFs)0.05%–0.15%/day
Custody fees$0 (ETF position, not tokens)$0–$10/month
Transfer fees$0 (standard ETF brokerage account)$0–$10
Buy/sell fees
Conditions at Qtrade
$8.75/trade (ETFs only)
Market Average (crypto or CFD brokers)
0.1%–2% (varies)
Spread fees
Conditions at Qtrade
$0 (not applicable to ETFs)
Market Average (crypto or CFD brokers)
0.1%–1%
Overnight fees
Conditions at Qtrade
$0 (not applicable to ETFs)
Market Average (crypto or CFD brokers)
0.05%–0.15%/day
Custody fees
Conditions at Qtrade
$0 (ETF position, not tokens)
Market Average (crypto or CFD brokers)
$0–$10/month
Transfer fees
Conditions at Qtrade
$0 (standard ETF brokerage account)
Market Average (crypto or CFD brokers)
$0–$10

Assets & Markets

Qtrade delivers a robust portfolio of traditional asset classes, focusing on stocks, ETFs, mutual funds, bonds, GICs, and options. As a Canadian IIROC-regulated broker, it is well aligned for investors seeking security and access to domestic and U.S. listed securities. The ability to open registered accounts, such as RRSP or TFSA, provides a tax-efficient way to build wealth—one of the platform’s key differentiators for Canadian investors.

A notable strength is the breadth of commission-free ETFs, with 100+ ETFs available for purchase at no commission, including many crypto-themed ETFs. This is a significant advantage for cost-sensitive investors and those looking to diversify into various equity and thematic strategies, as well as indirect crypto exposure. The platform’s inclusion of mutual funds, bonds, and GICs further positions it for long-term, retirement, or conservative investors who value stable fixed income alongside equities.

On the other hand, Qtrade’s main limitation is its absence of direct access to global markets, forex, or CFD trading. There is no direct cryptocurrency trading; investors can only access crypto assets via ETF wrappers, which restricts flexibility for active traders or those seeking exotic instruments. The lack of spot foreign currency, commodities, or international bond trading also narrows opportunities for true global diversification or tactical allocation.

Derivative market access is focused on standardized options, without more complex products like leveraged/structured notes, futures, or OTC derivatives. Indices and commodities are tradable only through ETFs and mutual funds—thus, intraday traders or those seeking leverage and margin in these markets should consider other platforms for specialized needs.

Asset ClassTypeNumber at QtradeMarket AverageExample Assets
StocksSpot2,000+2,000–5,000+Royal Bank of Canada, Apple, Shopify
ETFsSpot1,000+ (incl. 100+ free)1,000–2,000+iShares TSX 60, BMO S&P 500, Purpose Bitcoin ETF
CryptocurrenciesETF only150+ crypto ETFs20–200 (direct/ETF)Purpose Bitcoin ETF, Evolve Ether ETF
CurrenciesNot offered20–80
CommoditiesETF only100+ (commodity ETFs)100–500+SPDR Gold Shares, iShares Silver Trust
IndicesETF only100+ (index ETFs)30–100+Vanguard S&P 500 ETF, iShares MSCI EAFE ETF
BondsSpot1,000+500–2,000+Government of Canada 10yr, Royal Bank corporate bonds
StablecoinsNot offered5–15 (crypto)
NFTsNot offered10–100 (crypto)
Other derivativesOptions100+ (Canadian/US)100–500+S&P 500 call/put, TSX 60 index options
Comparison of asset classes available at Qtrade versus the market average.
Stocks
Type
Spot
Number at Qtrade
2,000+
Market Average
2,000–5,000+
Example Assets
Royal Bank of Canada, Apple, Shopify
ETFs
Type
Spot
Number at Qtrade
1,000+ (incl. 100+ free)
Market Average
1,000–2,000+
Example Assets
iShares TSX 60, BMO S&P 500, Purpose Bitcoin ETF
Cryptocurrencies
Type
ETF only
Number at Qtrade
150+ crypto ETFs
Market Average
20–200 (direct/ETF)
Example Assets
Purpose Bitcoin ETF, Evolve Ether ETF
Currencies
Type
Number at Qtrade
Not offered
Market Average
20–80
Example Assets
Commodities
Type
ETF only
Number at Qtrade
100+ (commodity ETFs)
Market Average
100–500+
Example Assets
SPDR Gold Shares, iShares Silver Trust
Indices
Type
ETF only
Number at Qtrade
100+ (index ETFs)
Market Average
30–100+
Example Assets
Vanguard S&P 500 ETF, iShares MSCI EAFE ETF
Bonds
Type
Spot
Number at Qtrade
1,000+
Market Average
500–2,000+
Example Assets
Government of Canada 10yr, Royal Bank corporate bonds
Stablecoins
Type
Number at Qtrade
Not offered
Market Average
5–15 (crypto)
Example Assets
NFTs
Type
Number at Qtrade
Not offered
Market Average
10–100 (crypto)
Example Assets
Other derivatives
Type
Options
Number at Qtrade
100+ (Canadian/US)
Market Average
100–500+
Example Assets
S&P 500 call/put, TSX 60 index options
Comparison of asset classes available at Qtrade versus the market average.

Trading Tools & Apps

Qtrade’s platform is engineered for clarity and accessibility, with the web-based trading interface providing easy navigation for both new and experienced investors. The layout emphasizes an organized dashboard with prominent access to portfolio overviews, watchlists, quick trade buttons, and customizable views. The mobile app mirrors much of this design, offering efficient navigation and responsive controls, but some users may find the mobile version’s charting and research tools more basic compared to the web experience.

Qtrade-platform

Order entry is robust and meets the needs of most equity and ETF investors, with support for market, limit, stop, trailing stop, and conditional orders. OCO (one-cancels-other) and more advanced contingent order types are not present, but for long-term or active stock and ETF traders, the essentials are well covered. Speed and reliability in execution are strong, and real-time quotes ensure trades reflect actual market conditions.

Qtrade does not offer direct integration with MetaTrader, TradingView, or desktop-based pro trading terminals. All trading is conducted via the proprietary web and mobile platforms. While technical charting on the web is solid—providing a variety of indicators, overlays, and basic drawing tools—more advanced or algorithmic analytics are not available. There is no facility for expert advisors, automated trading, custom scripts, or copy/social trading.

Asset search and filter functions are efficient, with stock screens, ETF searches, and mutual fund tools supporting portfolio construction. Qtrade is focused on spot investments: no CFDs, forex, or direct crypto, but the selection of stocks, ETFs (including crypto ETFs), mutual funds, GICs, bonds, and options is comprehensive for Canadian needs. As a traditional broker, Qtrade does not offer staking, earn, or wallet services for crypto assets.

FeatureVerified Details
Mobile appProprietary Qtrade app for iOS/Android; no MetaTrader, TradingView, or crypto wallet
UsabilityFluid, intuitive, beginner-friendly web and mobile interface
Compatible softwareQtrade proprietary platforms only; no support for MetaTrader, TradingView, API integrations
Order typesMarket, limit, stop, stop-limit, trailing stop, conditional; OCO/bracket not supported
Charting and technical analysisBuilt-in chart indicators and tools (on web); mobile has fewer, more basic options
Auto trading / Automated strategiesNot available; no bots, EAs, or copy trading
Algorithmic tradingNot supported; no custom scripts or automated workflows
Negative balance protectionNot applicable (no margined FX/CFD products)
Trading signalsNot available; no automated alerts or third-party signals
Asset search and filtersYes; comprehensive stock, ETF, mutual fund, and options screeners
Spot stock purchaseYes; direct purchase of stocks, ETFs, mutual funds, options, bonds
Staking and earnNot available; no crypto/staking features
Qtrade features and verified details
Mobile app
Verified Details
Proprietary Qtrade app for iOS/Android; no MetaTrader, TradingView, or crypto wallet
Usability
Verified Details
Fluid, intuitive, beginner-friendly web and mobile interface
Compatible software
Verified Details
Qtrade proprietary platforms only; no support for MetaTrader, TradingView, API integrations
Order types
Verified Details
Market, limit, stop, stop-limit, trailing stop, conditional; OCO/bracket not supported
Charting and technical analysis
Verified Details
Built-in chart indicators and tools (on web); mobile has fewer, more basic options
Auto trading / Automated strategies
Verified Details
Not available; no bots, EAs, or copy trading
Algorithmic trading
Verified Details
Not supported; no custom scripts or automated workflows
Negative balance protection
Verified Details
Not applicable (no margined FX/CFD products)
Trading signals
Verified Details
Not available; no automated alerts or third-party signals
Asset search and filters
Verified Details
Yes; comprehensive stock, ETF, mutual fund, and options screeners
Spot stock purchase
Verified Details
Yes; direct purchase of stocks, ETFs, mutual funds, options, bonds
Staking and earn
Verified Details
Not available; no crypto/staking features
Qtrade features and verified details
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Tip

Make full use of Qtrade’s customizable watchlists and real-time alerts on the web platform to monitor potential investments across multiple accounts. Before executing trades, adjust default order settings in your profile to align with your trading style and enable two-factor authentication for enhanced security.

Account Opening & Deposits

Account opening

Opening an account with Qtrade is a fully digital process structured to meet Canadian regulatory standards and provide strong investor protection. Start by completing the online application, supplying your personal contact information, employment details, and financial background. Identity verification and KYC steps require you to upload a government-issued photo ID, your Social Insurance Number (SIN), and proof of Canadian address (utility bill or bank statement). Applicants must also fill out a regulatory questionnaire to assess investment objectives and risk tolerance. After submitting your documents, Qtrade reviews and validates your application—most accounts are approved within one to two business days. Once approved, a confirmation email will provide access instructions so you can fund your account and start trading.

Qtrade-open account
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Good to know

For the fastest approval, check that your address is consistent across all supplied documents and matches your application details. Peak volume periods or missing information can extend the review process.

ItemDetails
Opening procedureOnline application, KYC questionnaire, document upload (ID, SIN, proof of address)
Validation time1–2 business days (may be longer during high demand)
Accepted deposit methodsEFT, bill payment, cheque, transfers from other Canadian institutions (no credit cards/stablecoins)
Minimum required deposit$0
Required documentsGovernment-issued photo ID, SIN, proof of address (recent utility bill or bank statement)
Practical tipPreparing clear digital scans of all documents can help avoid application delays
Opening procedure
Details
Online application, KYC questionnaire, document upload (ID, SIN, proof of address)
Validation time
Details
1–2 business days (may be longer during high demand)
Accepted deposit methods
Details
EFT, bill payment, cheque, transfers from other Canadian institutions (no credit cards/stablecoins)
Minimum required deposit
Details
$0
Required documents
Details
Government-issued photo ID, SIN, proof of address (recent utility bill or bank statement)
Practical tip
Details
Preparing clear digital scans of all documents can help avoid application delays

Deposits and withdrawals on Qtrade

Funding and withdrawing from your Qtrade account is straightforward, designed to work seamlessly with Canadian banks. Accepted deposit methods include electronic funds transfer (EFT), bill payments from any major Canadian bank, cheque deposits, and transfers from other financial institutions. Qtrade does not accept credit card, e-wallet, or crypto deposits. All deposits and withdrawals are processed in Canadian dollars, and there’s no integrated crypto wallet or fiat-to-crypto conversion. Funds sent by EFT or bill payment typically settle within one to three business days, while cheques may take a little longer. Withdrawals to your linked Canadian bank account via EFT are free of charge, and processing time usually ranges from one to three business days. Qtrade doesn’t charge fees for standard deposits or withdrawals, but always check with your bank for any external fees related to wire transfers or mailed cheques.

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Good to know

Linking your Qtrade account to your primary Canadian bank can speed up both deposits and withdrawals. Confirm your account numbers to ensure fast and accurate transfers.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardNot available
Bank transfer (EFT)CAD$01–3 business daysNone
Bill paymentCAD$01–3 business daysNone
E-walletsNot available
Stablecoins/cryptosNot available
ChequeCAD$03–5 business daysNone
Transfer from other FIsCAD$01–3 business daysNone
A table outlining the different payment methods, their accepted currencies, minimum amounts, processing times, and any associated fees.
Credit card
Accepted currencies
Not available
Minimum amount
Processing time
Possible fees
Bank transfer (EFT)
Accepted currencies
CAD
Minimum amount
$0
Processing time
1–3 business days
Possible fees
None
Bill payment
Accepted currencies
CAD
Minimum amount
$0
Processing time
1–3 business days
Possible fees
None
E-wallets
Accepted currencies
Not available
Minimum amount
Processing time
Possible fees
Stablecoins/cryptos
Accepted currencies
Not available
Minimum amount
Processing time
Possible fees
Cheque
Accepted currencies
CAD
Minimum amount
$0
Processing time
3–5 business days
Possible fees
None
Transfer from other FIs
Accepted currencies
CAD
Minimum amount
$0
Processing time
1–3 business days
Possible fees
None
A table outlining the different payment methods, their accepted currencies, minimum amounts, processing times, and any associated fees.

Account Types

Qtrade is a well-established online brokerage tailored to Canadian investors, offering a broad selection of account options for both beginners and experienced traders. Qtrade is not a CFD/Forex broker or crypto platform; instead, it specializes in classic cash, margin, and tax-advantaged registered accounts (including RRSP, TFSA, RESP, and others), plus corporate accounts. Investors can access stocks, ETFs (including crypto ETFs), mutual funds, options, bonds, and GICs on an intuitive web and mobile platform. Qtrade is IIROC regulated and CIPF insured for peace of mind, but does not provide access to leveraged CFD markets, direct forex, or traditional crypto services. There is currently no public demo account.

Account typeAvailable (✅/❌)Main features
Demo accountNot available; all trading is live
Standard accountClassic cash account for buying/selling stocks, ETFs, funds, and bonds
Raw ECN accountNot supported; no ECN or DMA access for retail clients
Islamic accountNot available; no swap-free or Shariah-compliant option
Professional accountCorporate and business accounts; advanced margin accounts available
CFD accountCFDs not offered
Classic securities accountComprehensive access to Canadian/US stocks, ETFs (including 150+ crypto ETFs), funds
Staking/earn accountNot supported; no crypto services
Cold storage accountNot available; no wallet or crypto custody features
Tax-advantaged accountRRSP, TFSA, RESP, RRIF, LIRA, LIF, and more
Accepted base currenciesCAD, USDOpen accounts in CAD or USD and hold dual-currency balances as needed
Account Types and Features
Demo account
Available (✅/❌)
Main features
Not available; all trading is live
Standard account
Available (✅/❌)
Main features
Classic cash account for buying/selling stocks, ETFs, funds, and bonds
Raw ECN account
Available (✅/❌)
Main features
Not supported; no ECN or DMA access for retail clients
Islamic account
Available (✅/❌)
Main features
Not available; no swap-free or Shariah-compliant option
Professional account
Available (✅/❌)
Main features
Corporate and business accounts; advanced margin accounts available
CFD account
Available (✅/❌)
Main features
CFDs not offered
Classic securities account
Available (✅/❌)
Main features
Comprehensive access to Canadian/US stocks, ETFs (including 150+ crypto ETFs), funds
Staking/earn account
Available (✅/❌)
Main features
Not supported; no crypto services
Cold storage account
Available (✅/❌)
Main features
Not available; no wallet or crypto custody features
Tax-advantaged account
Available (✅/❌)
Main features
RRSP, TFSA, RESP, RRIF, LIRA, LIF, and more
Accepted base currencies
Available (✅/❌)
CAD, USD
Main features
Open accounts in CAD or USD and hold dual-currency balances as needed
Account Types and Features
icon

Trip

When choosing a Qtrade account, evaluate how often you plan to trade—frequent traders may qualify for lower commissions. If you invest in both Canadian and US securities, consider setting up dual-currency accounts to save on conversion fees.

How Qtrade Compares to its Competitors

FeatureQtradeQuestradeIFC MarketsWealthsimple Trade
Minimum deposit$0 (Self-Directed)$100 CAD$0
Number of instrumentsStocks, ETFs, options, mutual funds, bonds, forex, CFDsWide range of CFDs (forex, stocks, indices, crypto, commodities)Stocks, ETFs, direct crypto
Spreads (examples)Stocks: $4.95–$9.95/trade, ETFs free to buy, Forex from 0.8 pipsForex from 1.2 pips, Stocks: $0.02/share (US)$0 commission stocks/ETFs; 1.5% FX fee on US trades
Trading platformsWeb, Desktop (Edge), MobileNetTradeX, MT4, MobileWeb, Mobile
RegulationIIROC, CIPF member (Canada)BVI FSC, Labuan FSA (not regulated in CA)IIROC, CIPF member (Canada)
Demo account
Copy trading
Read the reviewRead the review QuestradeRead the review IFC MarketsRead the review Wealthsimple Trade
Minimum deposit
Qtrade
Questrade
$0 (Self-Directed)
IFC Markets
$100 CAD
Wealthsimple Trade
$0
Number of instruments
Qtrade
Questrade
Stocks, ETFs, options, mutual funds, bonds, forex, CFDs
IFC Markets
Wide range of CFDs (forex, stocks, indices, crypto, commodities)
Wealthsimple Trade
Stocks, ETFs, direct crypto
Spreads (examples)
Qtrade
Questrade
Stocks: $4.95–$9.95/trade, ETFs free to buy, Forex from 0.8 pips
IFC Markets
Forex from 1.2 pips, Stocks: $0.02/share (US)
Wealthsimple Trade
$0 commission stocks/ETFs; 1.5% FX fee on US trades
Trading platforms
Qtrade
Questrade
Web, Desktop (Edge), Mobile
IFC Markets
NetTradeX, MT4, Mobile
Wealthsimple Trade
Web, Mobile
Regulation
Qtrade
Questrade
IIROC, CIPF member (Canada)
IFC Markets
BVI FSC, Labuan FSA (not regulated in CA)
Wealthsimple Trade
IIROC, CIPF member (Canada)
Demo account
Qtrade
Questrade
IFC Markets
Wealthsimple Trade
Copy trading
Qtrade
Questrade
IFC Markets
Wealthsimple Trade
Read the review
Qtrade

Customer reviews

Qtrade has a Trustpilot rating of 2.6 out of 5, based on 38 reviews as of July 2025. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

  • Straightforward online and mobile platform for trading and portfolio management
  • Wide range of account types (RRSP, TFSA, RESP, margin, corporate)
  • Access to Canadian and U.S. stocks, ETFs, mutual funds, bonds, and options
  • Over 100 commission-free ETFs available
  • Reliable regulatory protection under IIROC and CIPF

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

  • Customer service can be slow or unresponsive according to some users
  • Standard trading commissions are higher than certain competitors
  • Limited advanced research tools and data compared to other platforms
  • No demo account for practicing or exploring the platform
  • Mobile app functionality could be improved

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

  • N.D. – 18/06/2025 : “The platform is easy to use, but customer service can be slow to respond.”
  • L.B. – 02/05/2025 : “Fees are reasonable, but I wish there were more research tools.”
  • S.R. – 23/04/2025 : “Transfers between accounts are straightforward, but the mobile app could be improved.”

FAQ

Is Qtrade regulated in CA?

Yes, Qtrade is regulated in Canada as a division of Aviso Financial Inc., under the Investment Industry Regulatory Organization of Canada (IIROC). Client accounts are also protected by the Canadian Investor Protection Fund (CIPF) up to $1 million in the event of insolvency.

What is the minimum deposit on Qtrade?

There is no minimum deposit required to open or maintain a Qtrade account. This applies to all available account types, including cash, margin, and various registered accounts, making Qtrade accessible for all types of investors.

Does Qtrade offer a welcome bonus?

Qtrade occasionally offers limited-time promotions such as cash bonuses for transferring assets or opening an account, but it does not have a standing or guaranteed welcome bonus. It is recommended to check their website for the latest promotional offers.

How does leverage work on Qtrade?

Leverage is available to eligible clients through margin accounts, subject to IIROC and Qtrade’s margin requirements. Typical leverage for equities is up to 2:1, meaning you can borrow up to 50% of the value of approved securities, but leverage is not available for registered accounts like TFSA or RRSP.

How does Qtrade make money?

Qtrade makes money from trading commissions, account-related fees such as inactivity fees, and currency conversion charges. There are no commissions on over 100 ETFs, but most stock and ETF trades carry a standard $8.75 commission. Qtrade does not earn revenue from spreads on forex or CFDs, as these products are not offered.

Who is behind Qtrade?

Qtrade Direct Investing is operated by Aviso Financial Inc., a major Canadian financial institution jointly owned by credit unions, CUMIS, and Desjardins. The platform has been providing online brokerage services to Canadians for over two decades.

When was Qtrade launched?

Qtrade was launched in 2000 and has established itself as a leading choice for self-directed investors in Canada. Over the years, it has built a strong reputation for regulatory compliance and investor protection.

Does Qtrade offer copy trading or social trading?

No, Qtrade does not offer copy trading, social trading, or managed account features. All trades and investment strategies must be executed directly by the individual account holder without automated following of other users.

How can I contact Qtrade’s customer service?

You can contact Qtrade by phone at 1-877-787-2330, by email at directinvesting@qtrade.ca, or by mail to their Vancouver office. Customer support is typically available during regular Canadian business hours and is tailored for Canadian investors.

Does Qtrade offer any promotions or referral programs?

Qtrade may run limited-time promotions such as bonuses for new accounts or fund transfers, but it does not have an ongoing referral or cashback program. For information on current offers, check the official Qtrade website or contact their support team.

Is Qtrade regulated in CA?

Yes, Qtrade is regulated in Canada as a division of Aviso Financial Inc., under the Investment Industry Regulatory Organization of Canada (IIROC). Client accounts are also protected by the Canadian Investor Protection Fund (CIPF) up to $1 million in the event of insolvency.

What is the minimum deposit on Qtrade?

There is no minimum deposit required to open or maintain a Qtrade account. This applies to all available account types, including cash, margin, and various registered accounts, making Qtrade accessible for all types of investors.

Does Qtrade offer a welcome bonus?

Qtrade occasionally offers limited-time promotions such as cash bonuses for transferring assets or opening an account, but it does not have a standing or guaranteed welcome bonus. It is recommended to check their website for the latest promotional offers.

How does leverage work on Qtrade?

Leverage is available to eligible clients through margin accounts, subject to IIROC and Qtrade’s margin requirements. Typical leverage for equities is up to 2:1, meaning you can borrow up to 50% of the value of approved securities, but leverage is not available for registered accounts like TFSA or RRSP.

How does Qtrade make money?

Qtrade makes money from trading commissions, account-related fees such as inactivity fees, and currency conversion charges. There are no commissions on over 100 ETFs, but most stock and ETF trades carry a standard $8.75 commission. Qtrade does not earn revenue from spreads on forex or CFDs, as these products are not offered.

Who is behind Qtrade?

Qtrade Direct Investing is operated by Aviso Financial Inc., a major Canadian financial institution jointly owned by credit unions, CUMIS, and Desjardins. The platform has been providing online brokerage services to Canadians for over two decades.

When was Qtrade launched?

Qtrade was launched in 2000 and has established itself as a leading choice for self-directed investors in Canada. Over the years, it has built a strong reputation for regulatory compliance and investor protection.

Does Qtrade offer copy trading or social trading?

No, Qtrade does not offer copy trading, social trading, or managed account features. All trades and investment strategies must be executed directly by the individual account holder without automated following of other users.

How can I contact Qtrade’s customer service?

You can contact Qtrade by phone at 1-877-787-2330, by email at directinvesting@qtrade.ca, or by mail to their Vancouver office. Customer support is typically available during regular Canadian business hours and is tailored for Canadian investors.

Does Qtrade offer any promotions or referral programs?

Qtrade may run limited-time promotions such as bonuses for new accounts or fund transfers, but it does not have an ongoing referral or cashback program. For information on current offers, check the official Qtrade website or contact their support team.

On the same topic

Qtrade Cash Back Offer: Get Up to $2,000 cashback
Qtrade Cash Back Offer: Get Up to $2,000 cashback
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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