Qtrade vs Plus500 : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Qtrade

Plus500

Broker Overview

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

ECN broker

Market maker

Years of Existence / Established Year

2000

2008

Customer Base / Number of Accounts

1Million

20 Million

Regulation & Security

Regulations (governing bodies)

IIROC, CIRO

FCA, CYSEC, ASIC, FMA, FSCA, FSP, ISA, FSA, MAS, DFSA, FSA, SCB

Awards Won (count for the last 2 years)

No major awards listed

Best in Class for Trust Score 2024, GLOBAL TRADING ADVFN International Financial Awards

Security Measures

CIPF

Anti-Money Laundering

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

2800+

Currency Pairs

Commodities

Indices

Cryptocurrencies

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

cTrader

Social Trading

Copy Trading

Other Trading Platforms (proprietary, etc.)

Qtrade trading platform

Mobile and web trading platform

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

Retail Account & Demo Account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

$100

Leverage Available

1:30

Trade Limit (maximum per trade)

$500,000

Depends on the asset type

Commission (per account type)

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

Long term investor and self-directed investment options

Experienced traders

Deposit & Withdrawal Options

Deposit Methods

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

Credit, Debit, Master card, Bank transfer, e-wallets

Withdrawal Methods

Bank transfer

Credit, Debit, Master card, Bank transfer, e-wallets

Other E-Wallets Supported

PayPal, Skrill

Tools & Educational Resources

Economic Calendar

Yes

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

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

Trading Academy Online Courses, Market News and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Guide Beginner's Guide

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

Commission-$0

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

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

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:30

Non-Trading Fees

Dormant Fees

$10 per month inactive for three months

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

$45 / security

Yes

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

0.70%

Withdrawal Fee

Account transfer out $150

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

Depends on the instrument offer

Customer Support

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

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

24/7

Customer Support Methods (phone, email, live chat)

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

Call +65 6320 1111 or +65 6320 1119, Email to Plus500's customer support, Live chat

Support Languages

32+

Additional Information

Headquarters Location

Canada

Menachem Begin 125 Tel Aviv, Israel.

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.

Both Qtrade and Plus500 offer affordable fee structures, but Qtrade generally edges out with no inactivity fees and lower commissions on standard trades, whereas Plus500 shines with bundled research and platform access.

Qtrade uses a digital-first onboarding approach with clear instructions and fast ID verification. Plus500 goes a step further with manual checks and optional account tiers, ideal for serious professionals.

Qtrade integrates well with algorithmic trading tools and third-party plugins. In contrast, Plus500 emphasizes educational content and built-in research features within its platform.

Qtrade caters to serious traders who value advanced features, whereas Plus500 appeals to beginners due to its user-friendly platform.

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