QTrade vs Questrade Review (Head to Head Comparison)

Since I made the switch to DIY investing from some mutual funds with Investor’s Group, I have always used Questrade. Then I heard about a brokerage called Qtrade Direct Investing™ and wondered, is Questrade the same as Qtrade? Qtrade vs Questrade are they the same? If not, which one is better?

Spoiler alert, they are actually different brokerages.

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This post will compared Questrade vs Qtrade’s:

• Accounts available
• Fees and commissions
• Minimum deposit required
• Interface
• Customer service
• Research capability

I use Questrade for my own online brokerage, and also have used BMO Investorline in the past in addition to using Scotia iTrade and TD Direct Investing for our joint investment accounts. I was given access to the Qtrade demo account to have a look at the interface.

Qtrade vs Questrade

Qtrade was created in 2000. It is a subsidiary of Aviso Wealth, with $100+ billion in assets under management and administration. Aviso Wealth has Credential Financial, Qtrade, and NEI Investments under their umbrella. Qtrade has topped the Globe and Mail’s annual digital brokerage ranking for a few years in a row and even beats TD Direct Investing for top spot.

Questrade was created in 1999. It has $30 billion in assets under management as of 2023. They are Canada’s largest independent brokerage with 250,000 accounts opened annually.

Qtrade and Questrade Accounts Available

Here are the Qtrade and Questrade accounts available.

Almost the same except that Questrade offers FOREX and CFDs (Contract for Difference).

QTrade and Questrade both have robo-advisor accounts.

Accounts Available	Qtrade	Questrade
Cash	Individual Society Joint Religious organization Informal Trust Formal Trust Investment club Sole Proprietorship Estate Corporate	Individual Joint Investment Club Informal Trust Joint Informal Trust Formal Trust Sole Proprietorship Corporate
Margin	Options Trading Individual Corporate Short selling capabilities Canadian accounts USD accounts available	Individual Canadian accounts USD accounts available
TFSA	Yes- Holds both US and Canadian dollars	Yes- Holds both US and Canadian dollars
RRSP	Yes Holds both US and Canadian dollars Spousal RRSP Locked in RRSP	Yes Holds both US and Canadian dollars Spousal RRSP Locked in RRSP
RRIF	Yes	Yes
RESP	Yes Individual RESP and Family RESP both available	Yes Individual RESP and Family RESP both available
LIRA	Yes	Yes
LIF	Yes	Yes
Robo Advisor	Yes- Qtrade Guided Portfolio	Yes- Questwealth
FOREX and CFDs (contract for difference)	No	Joint and Corporate Informal Trust (Joint and Individual) Formal Trust Corporate Partnership Sole Proprietorship

Qtrade vs Questrade Minimum Deposit

There is no minimum deposit to create an account with Qtrade.

There is a minimum deposit of $250 to open an account with Questrade.

Qtrade Fees vs Questrade Fees

Here is a comparison of Qtrade fees vs Questrade fees.

Here’s more information and detail on Qtrade’s fees.

Here’s more information and detail on Questrade’s fees.

Fee	Qtrade	Questrade
Administration Fee	-No quarterly administration fee (it has been eliminated in 2025) -$100 Formal Trust account set up, $50 annually –$100 if you close the account within the first year -$150 transfer out fees	-No quarterly administration fee -$150 transfer out fees -USD RESP: $5 USD on first trade of the day
Trading Commission	$0 as of October 2025 to buy and sell equities, mutual funds, ETFs	$0 as of February 2025 to buy and sell Canadian and US listed ETFs
ETF trading	Free to buy and sell any ETF	Free to buy and sell any ETF
ECN Fees	No	Yes, all market orders have ECN fees Any time you remove liquidity from the market there will be an ECN fee For Canadian listings more than $1/share the fee is $0.0035/share
Mutual Funds	Free	$9.95 per trade
Options	$0.75 per contract	$0.99 per contract
Dividend Reinvestment (DRIP)	Free	Free

Qtrade vs Questrade Platform and Interface Comparison

Qtrade was rated by Globe and Mail to be the top online brokerage in Canada because of its interface. I agree, the interface and dashboard is very user friendly, you see all your information in one place and it’s quite chock-full of information.

It is definitely comparable to TD Direct Investing and ahead of other online brokerages like Scotia iTrade.

Here’s what the Qtrade dashboard looks like:

In addition, Qtrade gives you easy access to your portfolio so you can see how your portfolio is doing compared to Canadian and US benchmark indices.

You can even check how compliant or adherent your portfolio is to ESG investing if that is something important to you.

Compare this to Questrade, the portfolio history and performance is not as robust. This is what it looks like in my Questrade account, lol.

This is why I end up using Wealthica (a free portfolio tracker) to check how my Questrade portfolio is doing compared to American (S&P500) and Canadian (S&P/TSX) benchmarks. Here’s my Wealthica review if you are interested.

They have a free add-on in Wealthica to track your portfolio. Here’s what it looks like (yeehaw mine is the top line beating the index and still in the negative, haha).

Research Capability Comparison Qtrade & Questrade

Qtrade has better research capability than Questrade.

You can access analysts recommendations and reports easily (with up to date information too on things like the Canadian Income Pick List, or the US Dividend Investor Pick List, or Canadian Core Pick List for ideas on investments).

Even Qtrade’s stock quote (for example, TSX’s TD) looks great with detailed information at your fingertips.

For comparison, this is what Questrade’s stock quote for TD looks like. It’s definitely cleaner looking but there isn’t as much information easily accessible and you have to scroll down for more information. You also can’t access things like financials (balance sheets) on Questrade. Qtrade also has Morningstar analyst reports in PDF format for you to peruse with your research.

I personally switch to Questrade Edge (Questrade redesigns their interface every few years and this was what it used to be, Questrade Edge) when I am reviewing my portfolio.

This is what the stock quote looks like for TD in Questrade Edge Platform, better but you still don’t get financial reports etc.

Finally, Qtrade has interesting calculators that Questrade doesn’t have, like the Cool Million calculator (find out when you will become a liquid millionaire with this calculator).

They also have a life expectancy calculator.

Here’s Qtrade’s life expectancy calculator.

After running my numbers (I changed the numbers slightly for this screen shot, haha), it said my life expectancy is going to be in my mid 80’s.

I guess I won’t live to be a centenarian after all.

Qtrade and Questrade Bonus Offers

Top 2022 Digital Broker Ranking.  Qtrade has received an “A” grade compared to the other online brokers for their seamless customer experience.

In fact, Qtrade has been number one 25 times over the last 17 years, in rankings done by the Globe & Mail, Surviscor, The Motley Fool and MoneySense.

Qtrade started in 2000 and now has over 100,000 users across Canada. 

Qtrade is available to Canadian residents in all provinces and territories. 

• The Bonus: Up to $2000 Cash Back
• Deadline for account sign up: July 31, 2026
• Qualifying criteria:
  • Open up a Qtrade account before July 31, 2026 and fund it before August 31, 2026
  • Eligible Qtrade accounts are:
    • Cash (individual or joint), margin (individual or joint), RESP, RRSP, RRIF, Spousal RRSP, Spousal RRIF, U.S. RRSP, U.S. RRIF, U.S. Spousal RRSP, U.S. Spousal RRIF or TFSA account
  • Enter the Qtrade promo code: SPRING26
  • Keep the funds in there until at least August 31, 2027.
  • You will receive your cash before September 30, 2027

• Transfer in rebate: If you transfer funds from another brokerage, you can also receive up to $150 when you transfer in $15,000 or more to your Qtrade account
• This is available to new and existing clients and there is no minimum deposit required.

For more information click here for the cash back bonus from Qtrade.

Here’s my Qtrade vs Questrade review and here’s a Qtrade review and a Questrade review.

There is also a new bonus offer for Questrade.

• The bonus: $300
• Deadline for account sign up: June 22, 2026
• Qualifying criteria: Sign up for a new Self Directed Questrade account here or register your existing accounts

This bonus is weaker than the current Qtrade offer and by itself, this Questrade offer is definitely not as good as previous offers, which was up to 4% cash back at one point earlier this year!

Which is Better QTrade or Questrade?

Alright, now we come to the conclusion of this post, which one is better, Qtrade or Questrade?

Well, it depends.

Here are some of the cons that I have identified for Qtrade:

• There are none now that there is zero fee trading as of October 2025!!

Here are some of the cons that I have identified for Questrade:

• Minimum deposit of $250 to start an account (personally I don’t think this is a con because you should have sufficient money saved before you start investing)
• Lack of reports, platform isn’t as easy to use as Qtrade’s platform
• Questrade does not prepare a T1135 Foreign Assets Verification Report for you (Qtrade does)

Basically, if you are planning to buy a one ticket ETF like VGRO or VBAL or VEQT and keep it simple with dollar cost averaging regularly, then Questrade would be the way to go. This is because the list that Qtrade has is subject to change (although change is not common) and it doesn’t really have many one ticket ETFs on their list of free ETFs right now anyway. You don’t need to do much research because you are buying the whole index.

You can easily augment the poor portfolio reporting charts with free tools like Wealthica or Passiv. Here’s my Passiv review if you are interested.

Qtrade has some amazing charts and reports on their platform.

If you are planning to do research and like detailed portfolio reporting then, Qtrade would be the online brokerage for you.

As mentioned earlier, Qtrade has been the top ranked online brokerage for the 4th year in the row by Globe and Mail, so if that’s important to you, Qtrade is the way to go.

Here’s a detailed Qtrade review for more information.

In either case, you are making the choice to DIY invest which can be a big learning curve but you’ll save money on mutual fund MERs in the long run, which is a big win-win in my books.

Both Questrade and Qtrade have an extensive library of videos and education materials to help you get started and learn more about investing.

Hope this Qtrade vs Questrade review was helpful for you.

If you like new brokerage sign up offers, please check out this page.

Which one wins your hard earned money? Qtrade vs Questrade?

Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade, Qtrade Direct Investing, and Write Your Own Future are trade names and/or trademarks of Aviso Wealth.