Qtrade vs MEXEM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Qtrade

MEXEM

Broker Overview

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

ECN broker

STP

Years of Existence / Established Year

2000

2018

Customer Base / Number of Accounts

1Million

Info not available

Regulation & Security

Regulations (governing bodies)

IIROC, CIRO

Cysec AFM FSMA

Awards Won (count for the last 2 years)

No major awards listed

Security Measures

CIPF

ICCL

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

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

150 + trading assets Warrant

Currency Pairs

Yes

Commodities

Yes

Indices

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Qtrade trading platform

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

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

Individual Accounts Instituitional Accounts

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

Leverage Available

Trade Limit (maximum per trade)

$500,000

Varies for each product

Commission (per account type)

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

Long term investor and self-directed investment options

Experienced only

Deposit & Withdrawal Options

Deposit Methods

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

Bank Transfer

Withdrawal Methods

Bank transfer

Bank Transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

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

Practical tutorials on using TWS trader workstatioin Video tutorials

Fees & Commissions

Trading-Related Fees

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

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

Spread (typical, fixed, variable)

Per Lot Fees

Options Contract Fees

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

0.65% per contract

Futures Contract Fees

0.85% per contract

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

$45 / security

Statement or Document Fee

$2.50 / trade Paper account statements $6 / quarter

Account Opening Fee

$100 setup + $50 / year after first year

Account Maintenance Fee

$25/ quarter

Deposit Fee

Currency Conversion Fee

$100 / transaction

0.05%

Withdrawal Fee

Account transfer out $150

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

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

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed

Customer Support

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

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

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

Customer Support Methods (phone, email, live chat)

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

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Support Languages

10+

Additional Information

Headquarters Location

Canada

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

Complaints (for crypto brokers)

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.

While Qtrade maintains low trading fees with no minimum deposit, MEXEM includes some charges for premium features and certain asset trades, making Qtrade the better option for budget-focused traders.

New users will likely find AvaTrade sign-up process more intuitive. Meanwhile, MEXEM takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.

While Qtrade focuses on mobile-first design and clean user experience, MEXEM includes features like in-depth charting, integrated news feeds, and strong desktop performance.

Qtrade supports complex strategies and asset diversity, while MEXEM offers clarity and low-cost access for long-term holders.

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