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Qtrade vs TD Direct Investing
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Qtrade leads
- 1
- TD Direct Investing leads
- 1
- Level
- 3
Of 5 scored facts, Qtrade leads on 1, TD Direct Investing on 1, and 3 are level. Countries and the offer are not scored.
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Qtrade |  TD Direct Investing |
|---|---|---|
| Fee per contract | $0.75 per contractBest | $1.25 + $9.99 per trade |
| Qtrade, Exercise uses representative-assisted schedule | TD Direct Investing, Trade currency; event fees use account currency | |
| Exercise and assignment | Exercise Representative rate; $45 minimum, assignment $30 | Exercise $15 auto / $43 manual, assignment $15 |
| Approval | Naked | Naked |
| Qtrade, Up to naked short options | TD Direct Investing, Up to naked short options | |
| 0DTE | Not published | Not published |
| Index options (SPX) | Yes | Not published |
| Options on futures | Not published | Not published |
| Spreads in an IRA | No | No |
| Portfolio margin | Not published | Not published |
| Margin rate | Not published | 6.50% |
| Platforms | Web, Mobile | Web, Desktop, MobileBest |
| Paper trading | Not published | Yes |
| 24/7 support | No | Not published |
| Countries | Canadian residents only | Not published |
| QuantWheel | Not connected | Not connected |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Qtrade$0.75 per contract · Exercise Representative rate; $45 minimum, assignment $30 · naked
Qtrade opens options accounts for residents of Canada only. It charges $0.75 per contract (Exercise uses representative-assisted schedule). Exercise costs Representative rate; $45 minimum, and assignment costs $30. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
TD Direct Investing$1.25 + $9.99 per trade · $15 per event · naked
TD Direct Investing opens options accounts for residents of Canada, among the 9 countries this directory covers. It charges $1.25 + $9.99 per trade (Trade currency; event fees use account currency). Exercise and assignment cost $15 each. It approves up to naked short options. It trades on Web, Desktop, Mobile. It is not connected to QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
- Qtrade$5.55 a trade, 4.6% of your premium, fee not published
- $533 a year
- TD Direct Investing$18 a trade, 15% of your premium
- $1,727 a year
Qtrade is $1,194 a year lower on the fees it publishes, and it does not publish every fee this strategy needs
Not counted because Qtrade does not publish them: clearing fee, options regulatory fee, SEC fee, live options quote price, inactivity fee. Not counted because TD Direct Investing does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, platform fee.
Estimates from published fees. Your broker statement can differ, and brokers change fees. A fee a broker does not publish is never counted as $0.
Questions people ask
Qtrade vs TD Direct Investing