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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.

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Broker 2

VS field	Questrade questrade.com Stock BrokerETF BrokerForex	Fidelity fidelity.com Stock BrokerETF BrokerETF
Decision summary
Overall score

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

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.

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

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