Qtrade Direct Investing
Pros
- Zero-commission trading on stocks, ETFs and mutual funds since October 2025
- No quarterly account or inactivity fees
- Strong research tools including Morningstar analyst reports and screeners
- Portfolio analytics with risk exposure and ESG scoring
- Qtrade Guided Portfolios robo-advisor available for hands-off investors
- Wide range of registered account types (TFSA, RRSP, FHSA, RESP, RRIF, LIRA, LIF)
- Pre-market and after-hours trading available for U.S. markets
- 30-day free trial account for platform exploration
Cons
- No support for forex, CFDs, crypto, futures or precious metals
- No fractional share trading
- Currency conversion markup of approximately 0.9% applies to U.S. trades
- Stock alerts not available on the mobile app
- Options fee of $0.75 per contract is not the cheapest in Canada
- Transfer-out fee of $150 per account
- Limited to Canadian and U.S. exchanges only
- 30-day trial account is view-only and does not support simulated trading