TradingCritique

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Global Prime vs Questrade : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Global Prime

Global Prime

VS
Questrade

Questrade

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Broker Overview

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

Market maker broker

ECN

Years of Existence / Established Year

2010

1999

Customer Base / Number of Accounts

No information

Info not available


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Regulation & Security

Regulations (governing bodies)

ASIC and VFSC

CIRO

Awards Won (count for the last 2 years)

No major awards listed

DALBAR seal of service excellence in 2024 for the 6th consecutive year Canada's #1 rated online broker by MoneySense

Security Measures

No compensation scheme

CIPF

SSL Encryption / 2FA

No

Yes

Segregated Funds

Yes

No

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

150+ Financial assets

GICs IPOs

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

No

Yes

Stocks

No

Yes

Options

No

Yes

Futures

No

No

Bonds

Yes

Yes

Mutual Funds

No

Yes

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

No

No

Other Trading Platforms (proprietary, etc.)

No

All-in-One Platforms Questrade Trading Quest MobileAdvanced Trading Platforms Questrade Edge Mobile Questrade Edge Questrade Global

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Standard and Raw account

Tax-Free Savings Account - TFSA Registered Retirement Savings Plan - RRSP First Home Savings Account - FHSA Registered Education Savings Plan - RESP

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$250

Leverage Available

1:5 to 1:500

NA

Trade Limit (maximum per trade)

1000 lots

Varies by instrument

Commission (per account type)

Standard: $0, Raw account: $3.5 per lot

Casual Traders (Basic) Stocks - $4.95 to $9.95 Options - $9.95 + $1 / contract ETFs - Free(sell 1c/share min $4.95 to max $9.95)Options and day traders (Fixed) Stocks - $4.95 to $9.95 Options - $4.95 + $0.75 / contract ETFs - Free (sell for $4.95 per trade)Volume traders (Variable) Stocks - $4.95 to $9.95 (min $0.01 to max $6.95) Options - $6.95 + $0.75 / contract ETFs - Buy for free (sell 1c/share min $4.95 to max $9.95)

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

Beginner traders

Beginners


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Deposit & Withdrawal Options

Deposit Methods

Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets

Instant deposit (Visa & Interac Debit cards) - CAD only Online banking bill payment - CAD only Pre-authorized deposit - CAD & USD Transfers from other brokers - CAD & USD Wire transfer - CAD & USD Non-certified cheque - CAD & USD Stock certificate

Withdrawal Methods

Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets

EFTs (CAD or USD) Wire transfers (CAD or USD)

Other E-Wallets Supported

PayPal, Neteller, Skrill, GATE8, Dragon Pay, VN Pay, FasaPay, Pagsmile, Jeton, Mifinity, XPay, Perfect money

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

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

Trading Education, Market Analysis, Webinars, Trading Guides, Video Tutorials, Podcast Market Insights, Blog Trading News and Analysis

TradingView TipRanks OptionsPlay Multileg options trading


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Fees & Commissions

Trading-Related Fees

Crypto: 0.1%, indices, Bonds, and Commodities (excl. Metals): $0, Commission: AUD $7, USD $7, EUR € 6.20, GBP £5.4, SGD $9.50, CAD $9, Standard: 0.9 pips, raw : $3.5

Stocks 1C / share (min $4.95 to max $9.95) ETFs Buy Free. Sell 1C / share (min $4.95 to max $9.95) Mutual funds - $9.95 per trade International equities - 1% of trade value Precious metals - $19.95 / trade Notes & debentures - $0.10 per $1,000 par value FX & CFDs - pips as low as 0.08

Spread (typical, fixed, variable)

Variable

Fixed

Per Lot Fees

$3.50

$1 per contract for options

Options Contract Fees

NA

$9.95 + $1 / contract

Futures Contract Fees

NA

NA

Markup Fees on Spread

$0

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

1:500

NA


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

$0

$0

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

NA

estatement - free Copy of statement - $20 Unclaimed property - $29.95 per quarter Regular mail - $10

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

Portfolio fees 0.25% with a balance of $1000 - $99,999 0.20% with a balance of $100,000+

Deposit Fee

$0

CAD EFT upto $50,000 - free USD EFT upto $25,000 - free CAD Wire transfer - $20 USD wire transfer - $30 International wire transfer - $40

Currency Conversion Fee

$20-$30

1.50%

Withdrawal Fee

International bank transfer: $20-$30

EFTs - Free Wire transfer - $20 CAD for CAD wire $30 USD for USD wire $40 USD/CAD for international wires


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

24 hours a day, 5 days a week. 5 PM New York on Sunday through to 5 PM New York on Friday

North Americal Stock Markets 9:30am to 4pm ET Pre-market hours - 7am to 9:30am Post-market hours - 4pm to 8pm


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Customer Support

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

24/7

24x5

Customer Support Methods (phone, email, live chat)

Phone: +61 (2) 8379 3622, E-mail: [email protected], Live chat

Toll-free Canada - 1.866.980.9590 From US - 1.416.227.6911FX & CFDs Chat hours: Monday - Thursday 8:3-am to 8pm EST, Friday 8:30am to 5:30pm EST Ph: 416.227.6913 Toll-free Canada - 1.866.980.9591

Support Languages

14+

2


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Additional Information

Headquarters Location

FMGP Trading Group Pty Ltd Level 10, 627 Chapel St, South Yarra 3141 Australia

Toronto, Ontario 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.
Both Global Prime and Questrade offer affordable fee structures, but Global Prime generally edges out with no inactivity fees and lower commissions on standard trades, whereas Questrade shines with bundled research and platform access.
While Global Prime prioritizes fast registration with minimal steps, Questrade focuses on a thorough vetting process that gives more flexibility in choosing account types and features.
If you're looking for platform speed and ease of execution, Global Prime delivers a smooth experience. Questrade , however, is tailored toward traders who want deeper analysis tools and portfolio insights.
For market veterans, Global Prime brings the tools they need. New investors might find Questrade more approachable and cost-effective.