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Broker 2
VS field
Qtrade Direct Investing

qtrade.ca

Stock BrokerETF BrokerETF
DEGIRO

degiro.com

ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score
85
91
Trust score
88
100
Cost score
86
92
Platform score
85
92
Withdrawal score
79
89
Best for
Canadian DIY investors · Registered-account investors · ETF and stock investors seeking $0 commissions
European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products
Watch out
Needs verification
Needs verification
Trust & regulation
Regulators
Aviso Financial Inc. is registered in Canadian provinces/territories where it accepts accounts and is a member of CIRO.
Source
Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.
Source
License numbers
Specific registration or licence numbers were not disclosed in the reviewed Qtrade pages.
Source
Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.
Source
Regulated entities
Aviso Financial Inc. is the regulated entity behind Qtrade Direct Investing.
Source
DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.
Source
Negative balance protection
No negative balance protection disclosed; margin risk disclosure states margin trading can amplify losses and investors may lose more than initial investment.
Source
No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.
Source
Investor compensation
CIPF member; Qtrade crypto-ETF page says Qtrade Direct Investing accounts are protected by CIPF coverage up to applicable limits.
Source
Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.
Source
Restricted countries
Jurisdiction restrictions are disclosed generally, not as a country list.
Source
Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.
Source
Costs & account conditions
Minimum deposit
No minimum deposit to begin trading in a Qtrade account.
Source
No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.
Source
Spread from
No quoted spread-from applies to ordinary securities trading; Qtrade may earn revenue on foreign exchange conversions but the conversion spread was not disclosed.
Source
Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.
Source
Commission
Core online commission schedule is $0 for equities/ETFs/mutual funds, $0 + $0.75 per options contract, fixed income $1 per $1,000 face value.
Source
Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.
Source
Maximum leverage
No single maximum leverage ratio disclosed; margin depends on loan value, margin excess, security, concentration and regulatory/broker policy.
Source
DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.
Source
Deposit fee
EFT is free for all accounts.
Source
No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.
Source
Withdrawal fee
EFT free; registered withdrawal and transfer-out fees apply.
Source
No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.
Source
Inactivity fee
Current official fee schedule and 2025 Qtrade announcement indicate quarterly administration fees were eliminated; no explicit inactivity fee was found in reviewed current fee schedule.
Source
No inactivity fee; UK fee page lists inactivity fee as €0.
Source
Markets, platforms & payments
Tradable assets
Stocks, ETFs, mutual funds, bonds, options, GICs, new issues and crypto ETFs.
Source
Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.
Source
Trading platforms
Web platform, Android app, iPhone/iOS app and trial account.
Source
DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.
Source
Account types
Cash, margin, and multiple registered and non-personal account types.
Source
DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.
Source
Deposit methods
Funding methods include EFT, Interac e-Transfer, bill payment, direct deposit and account transfer.
Source
Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.
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Withdrawal methods
Withdrawals use EFT or registered account withdrawal/de-registration workflows; Interac e-Transfer is deposit only.
Source
Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.
Source
Withdrawal processing time
Withdrawal processing time was not disclosed in reviewed official public pages; funding via bill payment/EFT is disclosed as 1-2 business days, with EFT funds subject to up to 10 business days clearing.
Source
Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.
Source

BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.