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E*TRADE vs Qtrade : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

E*TRADE

E*TRADE

VS
Qtrade

Qtrade

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Both ECN and STP broker

ECN broker

Years of Existence / Established Year

1982

2000

Customer Base / Number of Accounts

5.2 million client accounts

1Million


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Regulation & Security

Regulations (governing bodies)

FRS, FINRA, SIPC, SEC, NFA, FDIC

IIROC, CIRO

Awards Won (count for the last 2 years)

Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech Awards

No major awards listed

Security Measures

SIPC

CIPF

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

No


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Over 50,000 offerings, including US Treasury trades

100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

No

No

CFDs

No

No

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

No

Bonds

Yes

Yes

Mutual Funds

Yes

Yes

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

No

No

Other Trading Platforms (proprietary, etc.)

Power Etrade web, Power Etrade app

Qtrade trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank

Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$0

Leverage Available

No

No

Trade Limit (maximum per trade)

Depends on assets class

$500,000

Commission (per account type)

$0

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Long term investor and self-directed investment options


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Deposit & Withdrawal Options

Deposit Methods

Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit

Electronic fund transfer,bank transfer, e-transfer services, Bill payment

Withdrawal Methods

E-wallets, check, Wire transfer

Bank transfer

Other E-Wallets Supported

Electronic transfer

No


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Tools & Educational Resources

Economic Calendar

No

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Educational Resources, Tools, Market News and Insights, Tutorials and Webinars

Education- New to investing, Experienced with investing, Weekly Market Pulse


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Fees & Commissions

Trading-Related Fees

Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166

Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades

Spread (typical, fixed, variable)

NA

NA

Per Lot Fees

NA

NA

Options Contract Fees

$0.65

$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract

Futures Contract Fees

$1.50

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

No


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

0.30%

NA

Swap Fees (Overnight Financing)

NA

$45 / security

Statement or Document Fee

$2

$2.50 / trade Paper account statements $6 / quarter

Account Opening Fee

NA

$100 setup + $50 / year after first year

Account Maintenance Fee

$15/ month

$25/ quarter

Deposit Fee

$0

$0

Currency Conversion Fee

Direct trade-$0.005 per share, Broker assisted trader- $25

$100 / transaction

Withdrawal Fee

Check return - $25, Electronic return -$25

Account transfer out $150


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Sunday 5 p.m. CT to Friday 4 p.m. CT

Pre-market trading: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

8 AM - 8 PM ET on weekdays

Monday to Friday 8:30 am to 8:00 pm ET

Customer Support Methods (phone, email, live chat)

Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]

E-mail: [email protected], 1.877. 787.2330

Support Languages

1

2


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Additional Information

Headquarters Location

Arlington, Virginia, United States Buyenlarge, Getty

Canada

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
If minimizing trading costs is your top priority, E*TRADE might be more attractive due to its lower commissions. Meanwhile, Qtrade justifies its moderate fees with more robust tools and professional-grade features.
While E*TRADE prioritizes fast registration with minimal steps, Qtrade focuses on a thorough vetting process that gives more flexibility in choosing account types and features.
New traders may find Freetrade interface more welcoming, while Qtrade appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
E*TRADE stands out for active traders with robust tools, while Qtrade suits investors seeking simplicity and ease of use.