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

Broker Name

Questrade

Oanda

Broker Overview

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

ECN

Market maker

Years of Existence / Established Year

1999

1996

Customer Base / Number of Accounts

Info not available

50M

Regulation & Security

Regulations (governing bodies)

CIRO

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

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

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

CIPF

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

GICs IPOs

68+ major currency pairs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

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

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

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

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$250

Leverage Available

50:1

Trade Limit (maximum per trade)

Varies by instrument

Commission (per account type)

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)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

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

Beginners

Only experienced

Deposit & Withdrawal Options

Deposit Methods

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

Bank Wire Transfer ACH Debit card

Withdrawal Methods

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

Debit card Bank Wire transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

TradingView TipRanks OptionsPlay Multileg options trading

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Fees & Commissions

Trading-Related Fees

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 starts from 0.0, commission- $30 per 1M

Spread (typical, fixed, variable)

Fixed

Typical

Per Lot Fees

$1 per contract for options

Options Contract Fees

$9.95 + $1 / contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

50:1

Non-Trading Fees

Dormant Fees

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Vary on instruments and change on a daily basis

Statement or Document Fee

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

Account Opening Fee

Account Maintenance Fee

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

Deposit Fee

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

1.50%

0.50%

Withdrawal Fee

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

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

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)

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

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Customer Support

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

24x5

Customer Support Methods (phone, email, 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

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

Additional Information

Headquarters Location

Toronto, Ontario Canada

Dashwood House 64, Old Broad Street London EC2M 1QS

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

Account approval at Questrade is usually completed within hours, often with automated ID checks. Oanda might take longer due to manual reviews, but provides in-depth onboarding support along the way.

New traders may find Questrade interface more welcoming, while Oanda appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.

Questrade strength lies in high-performance trading, while Oanda provides a more accessible route for everyday investors.

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