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

Broker Name

Webull

Questrade

Broker Overview

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

Self-directed retail brokerage platform

ECN

Years of Existence / Established Year

2017

1999

Customer Base / Number of Accounts

20 Million

Info not available

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

CIRO

Awards Won (count for the last 2 years)

2024 Global Private Banking Awards

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

Security Measures

SIPC, FIDC, Apex Clearing Corp upto $150 million

CIPF

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

3,300 ETFs including OTC, Margin, Index options, US treasuries bonds

GICs IPOs

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

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.)

Desktop, Web, and Mobile apps

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

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Individual, IRA, Futures, Advisor, Entity

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

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$250

Leverage Available

4:1 to 2:1

Trade Limit (maximum per trade)

Unlimited number of day trades

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)

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

Beginners, Active and passive investor

Beginners

Deposit & Withdrawal Options

Deposit Methods

Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit

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

ACH withdrawals

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

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research

TradingView TipRanks OptionsPlay Multileg options trading

Fees & Commissions

Trading-Related Fees

Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume

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

$1 per contract for options

Options Contract Fees

$0.10 per contract

$9.95 + $1 / contract

Futures Contract Fees

$1.50

Markup Fees on Spread

1.50%

Guaranteed Stop Loss Fees

Maximum Leverage

4:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing

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

$8 for deposits in the U.S., $12.5 for international deposits

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

$10

1.50%

Withdrawal Fee

$25 for withdrawals in the U.S, and $45 for international withdrawals

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

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 from 4:00 AM to 9:30 AM EST

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

Customer Support

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

24/7

24x5

Customer Support Methods (phone, email, live chat)

E-mail: [email protected], call :1-888-828-0618, in app 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

15+

Additional Information

Headquarters Location

44 Wall Street, New York City

Toronto, Ontario Canada

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.

If minimizing trading costs is your top priority, Webull might be more attractive due to its lower commissions. Meanwhile, Questrade justifies its moderate fees with more robust tools and professional-grade features.

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

Webull provides a modern trading experience with its proprietary platform, ideal for technical traders. Questrade , on the other hand, offers more research tools and is better suited for data-driven investors.

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

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