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Compare trust, fees, platforms, and withdrawals. See the trade-offs and details worth checking before you choose.
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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
85 |
91 |
| Trust score | 88 | 100 |
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| Cost score | 86 | 92 |
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| Platform score | 86 | 92 |
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| Withdrawal score | 78 | 89 |
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| Best for | Canadian investors trading Canadian/US stocks and ETFs · Options traders needing US equity, Canadian and index options · Investors wanting registered Canadian accounts plus margin… | European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products |
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| Watch out | Needs verification | Needs verification |
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Trust & regulation | ||
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| Regulators | Questrade, Inc. states it is a CIRO member; Questrade ID page cites CIRO and FINTRAC requirements; QWM registration categories are disclosed by Questrade. Source | Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source |
| License numbers | Specific registration or licence numbers were not disclosed in the checked official Questrade, CIRO, CSA, and CIPF sources; regulator/member category is verified instead. Source | Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source |
| Regulated entities | Questrade, Inc. is the registered investment dealer; Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer for Questwealth Portfolios. Source | DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source |
| Negative balance protection | No explicit negative balance protection claim found in official pages checked; margin/FX/CFD pages instead discuss margin calls, interest on negative balances, leverage and substantial risk of loss. Source | No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source |
| Investor compensation | Questrade, Inc. member of the Canadian Investor Protection Fund (CIPF); CIPF directory lists Questrade, Inc. Source | Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source |
| Restricted countries | Questrade primarily serves Canadians; U.S. residents generally cannot open accounts; international residents generally limited to Margin accounts, subject to exemptions/manual review. Source | Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source |
Costs & account conditions | ||
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| Minimum deposit | Self-directed: $0 to start/open, no minimum balance; Questwealth Portfolios: $250 minimum stated in account-types FAQ. Source | No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source |
| Spread from | FX target spreads as low as 0.8 pips; published examples include EUR/USD 1.9, USD/JPY 1.9, USD/CAD 2.5; CFD target spreads vary by product. Source | Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source |
| Commission | Stocks/ETFs $0 online; US equity options $0 contract fee; Canadian/index options generally $0.99 per contract; mutual funds $9.95; bonds $24.95; GICs no cost. Source | Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source |
| Maximum leverage | Securities margin marketed as up to 3x more buying power; FX/CFD exact maximum leverage requires manual review. Source | DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source |
| Deposit fee | Checked funding overview and administrative-fee pages did not disclose a Questrade deposit-fee schedule for standard funding methods; fees may be charged by sending institutions for wires/transfers. Source | No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source |
| Withdrawal fee | EFT withdrawals are free; wire withdrawals cost $20 CAD, $30 USD, or $40 international; other administrative withdrawal/transfer fees apply. Source | No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source |
| Inactivity fee | Questrade states no inactivity fees for self-directed accounts and no inactivity fees on FX & CFD accounts. Source | No inactivity fee; UK fee page lists inactivity fee as €0. Source |
Markets, platforms & payments | ||
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| Tradable assets | Broad asset lineup: stocks, ETFs, options, mutual funds, bonds/GICs, IPOs, precious metals, FX and CFDs, and managed portfolios. Source | Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source |
| Trading platforms | Mobile app for stocks/options/account management; Questrade Edge desktop/web/mobile for advanced trading; Questrade Global for FX/CFDs; Questrade Pro promoted as active trader platform. Source | DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source |
| Account types | Self-directed and managed account lineup includes registered, non-registered, entity/trust, and FX/CFD account types. Source | DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source |
| Deposit methods | Funding methods include Instant deposit, bill payment, PAD, brokerage/bank transfer, wire, non-certified cheque, and DRS/stock certificate alternatives. Source | Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source |
| Withdrawal methods | Withdrawals overview identifies EFT as most popular and wire transfers as a faster paid option; EFTs can only be sent to Canadian bank accounts, wires can be sent internationally. Source | Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source |
| Withdrawal processing time | EFT 3-5 business days; wire 1-3 business days; currency conversion adds one business day; Questwealth withdrawals may add 3 business days. Source | Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.