CMC Invest vs Questrade - BrokerCue
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Broker Comparison

CMC Invest vs Questrade

Compare CMC Invest and Questrade side by side: fees, regulation, platforms.

CMC Invest

CMC Invest

App-based long-term investors using ISAs and SIPPs

CMC Invest is an app-based investing platform with ยฃ0 commission, GIA, flexible ISAs, SIPP, stocks, ETFs and โ€ฆ

VS
Questrade

Questrade

Low-cost Canadian self-directed investors

Questrade is a Canadian independent online brokerage founded in 1999, offering commission-free stocks and ETFโ€ฆ

Head-to-head comparison

CMC Invest vs Questrade
Feature CMC Invest Questrade
Minimum deposit ยฃ1 -
Stock trading fee ยฃ0 commission $0 commission; ECN fees of approximately $0.0035-$0.0050 per share may apply on certain order types
Regulators FCA CIRO, CIPF
Best for App-based long-term investors using ISAs and SIPPs Low-cost Canadian self-directed investors
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Bonds
-
Options
-
Funds
Multi Currency
-
Isa
-
Sipp
-
Fractional Shares
-
Margin
-
Ready Made Portfolios
-
Demo Account
-

Pros & cons

CMC Invest

CMC Invest

Pros

  • ยฃ0 commission on all in-app trades
  • Core plan has no monthly price plan fee
  • FX fee falls to 0.39% on Premium
  • USD and EUR wallets reduce repeat FX conversions
  • Uninvested cash earns up to 3.30% AER on Premium
  • Transfers can start in-app in as little as 30 seconds
  • Flexible ISAs allow same-year withdrawals and redeposits

Cons

  • Plus costs up to ยฃ6.99/month
  • Premium costs up to ยฃ10.99/month
  • Core FX fee is 0.99%
  • Failed payments or late settlement cost ยฃ25 plus interest
  • Paper documents cost ยฃ3 + VAT per document
  • UK share buys carry 0.50% stamp duty
  • UK share trades over ยฃ10,000 may add a ยฃ1 PTM levy
  • Mutual funds are only on Plus and Premium
Questrade

Questrade

Pros

  • $0 commission on Canadian and U.S.-listed stocks and ETFs
  • No account, maintenance or inactivity fees
  • Fractional share investing on U.S.-listed securities
  • Multiple registered account types: TFSA, RRSP, FHSA, RESP, RRIF
  • Questwealth Portfolios robo-advisor with 0.20%-0.25% management fee
  • Free electronic fund transfer withdrawals
  • Practice accounts available on Questrade Edge and Questrade Global platforms
  • Independent of Canadian big banks

Cons

  • ECN fees can apply on certain stock and ETF orders
  • Mutual fund trades cost $9.95
  • Currency conversion mark-up of approximately 2%
  • Domestic wire withdrawal costs CAD $20; international wire costs CAD $40
  • Canadian options use a per-trade plus per-contract structure
  • Fractional shares available only on U.S.-listed securities, not Canadian
  • Advanced platform features and real-time data require paid subscription tiers
CMC Invest

CMC Invest

CMC Invest is an app-based investing platform with ยฃ0 commission, GIA, flexible ISAs, SIPP, stocks, ETFs and mutual funds. FX and plan fees vary by tier.

Your capital is at risk. Other fees apply.

Questrade

Questrade

Questrade is a Canadian independent online brokerage founded in 1999, offering commission-free stocks and ETFs, options, bonds, managed portfolios via Questwealth, and forex/CFD trading.

Your capital is at risk. Other fees apply.

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