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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.
Broker 1
Broker 2
| VS field |  |  |
|---|---|---|
Decision summary | ||
| Overall score | 85 | 91 |
| Trust score | 88 | 100 |
| Cost score | 86 | 89 |
| Platform score | 86 | 94 |
| Withdrawal score | 78 | 89 |
| 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… | Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa… |
| Watch out | Needs verification | Needs verification |
Trust & regulation | ||
| 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 | Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC. 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 | FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740. 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 | Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product. 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 | Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations. Source |
| Investor compensation | Questrade, Inc. member of the Canadian Investor Protection Fund (CIPF); CIPF directory lists Questrade, Inc. Source | SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions 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 | U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found. Source |
Costs & account conditions | ||
| Minimum deposit | Self-directed: $0 to start/open, no minimum balance; Questwealth Portfolios: $250 minimum stated in account-types FAQ. Source | $0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product. 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 applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads. 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 | $0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply. Source |
| Maximum leverage | Securities margin marketed as up to 3x more buying power; FX/CFD exact maximum leverage requires manual review. Source | No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure. 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 | $0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge. Source |
| Withdrawal fee | EFT withdrawals are free; wire withdrawals cost $20 CAD, $30 USD, or $40 international; other administrative withdrawal/transfer fees apply. Source | $0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge. Source |
| Inactivity fee | Questrade states no inactivity fees for self-directed accounts and no inactivity fees on FX & CFD accounts. Source | No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'. Source |
Markets, platforms & payments | ||
| Tradable assets | Broad asset lineup: stocks, ETFs, options, mutual funds, bonds/GICs, IPOs, precious metals, FX and CFDs, and managed portfolios. Source | Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international. 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 | Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic. Source |
| Account types | Self-directed and managed account lineup includes registered, non-registered, entity/trust, and FX/CFD account types. Source | Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts. Source |
| Deposit methods | Funding methods include Instant deposit, bill payment, PAD, brokerage/bank transfer, wire, non-certified cheque, and DRS/stock certificate alternatives. Source | EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps. 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 | EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access. 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 | EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days. 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.