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Qtrade vs TD Direct Investing : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Qtrade
TD Direct Investing
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
None
Years of Existence / Established Year
2000
1984
Customer Base / Number of Accounts
1Million
17 M
Regulation & Security
Regulations (governing bodies)
IIROC, CIRO
CIPF, CIRO
Awards Won (count for the last 2 years)
No major awards listed
No major awards listed
Security Measures
CIPF
CIPF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income
Fixed income investments, GICs
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Qtrade trading platform
TD app, web trader, Advanced dashboard, TD active trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
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
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
No
Trade Limit (maximum per trade)
$500,000
Depends on asset types
Commission (per account type)
$0
NA
Best Suited For (e.g., beginners, experienced traders)
Long term investor and self-directed investment options
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Electronic fund transfer,bank transfer, e-transfer services, Bill payment
Direct bank account, Check
Withdrawal Methods
Bank transfer
SWIP, Wire payment
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education- New to investing, Experienced with investing, Weekly Market Pulse
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
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 -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread (typical, fixed, variable)
NA
NA
Per Lot Fees
NA
NA
Options Contract Fees
$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract
$9.99 + $1.25 per contract
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
No
Non-Trading Fees
Dormant Fees
$0
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
$45 / security
NA
Statement or Document Fee
$2.50 / trade Paper account statements $6 / quarter
$2-$5
Account Opening Fee
$100 setup + $50 / year after first year
Applicable, Depends on account types
Account Maintenance Fee
$25/ quarter
$25 per quarter
Deposit Fee
$0
$17.50 U.S
Currency Conversion Fee
$100 / transaction
2.50%
Withdrawal Fee
Account transfer out $150
$30-$100
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
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
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday 8:30 am to 8:00 pm ET
Monday to Friday, 7 am to 10 pm ET
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], 1.877. 787.2330
Phone: 1-800-465-5463, , Book an appointment
Support Languages
2
4
Additional Information
Headquarters Location
Canada
66 Wellington Street West, Toronto, ON M5K 1A2
Complaints (for crypto brokers)
No
No
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