Qtrade Review

Qtrade stands out as one of Canada's best discount brokerages for beginners and passive investors. With zero trading fees, excellent customer service, and a user-friendly platform, it's an ideal choice for those new to investing. The current promotion offers immediate cash bonuses with no hold period restrictions, making it attractive for investors who want flexibility.

Detailed Review

Qtrade has positioned itself as a customer-friendly alternative to the major banks' discount brokerages. The platform offers zero trading fees on all trades, which is a significant advantage over competitors that charge $9.95 per trade. Customer service is consistently rated as excellent, with both phone and chat support available. The platform is intuitive and well-designed, making it perfect for beginners. However, Qtrade lacks some of the advanced trading tools and research capabilities found at full-service brokerages. For investors who prioritize simplicity, low costs, and good support over advanced features, Qtrade is an excellent choice.