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Questrade 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.
- Questrade leads
- 2
- TD Direct Investing leads
- 1
- Level
- 3
Of 6 scored facts, Questrade leads on 2, 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 |  Questrade |  TD Direct Investing |
|---|---|---|
| Fee per contract | US$0 per contractBest | $1.25 + $9.99 per trade |
| Questrade, Canadian contracts CA$0.99; index contracts US$0.99 | TD Direct Investing, Trade currency; event fees use account currency | |
| Exercise and assignment | Exercise $24.95, assignment $0 | Exercise $15 auto / $43 manual, assignment $15 |
| Approval | Naked | Naked |
| Questrade, Up to naked short options | TD Direct Investing, Up to naked short options | |
| 0DTE | Yes | 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, Desktop, Mobile | Web, Desktop, Mobile |
| Paper trading | No | YesBest |
| 24/7 support | No | Not published |
| Countries | Canadian residents; most US residents cannot open; most others margin accounts only | Not published |
| QuantWheel | Sync-onlyBest | Not connected |
| Questrade, Reads the account; you place the orders | ||
| 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.QuestradeUS$0 per contract · Exercise $24.95, assignment $0 · naked
Questrade opens options accounts for residents of Canada only. It charges US$0 per contract (Canadian contracts CA$0.99; index contracts US$0.99). Exercise costs $24.95, and assignment costs $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
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.
- Questrade$0.01 a trade, under 0.1% of your premium
- $0.98 a year
- TD Direct Investing$18 a trade, 15% of your premium
- $1,727 a year
$1,726 a year less at Questrade
Not counted because Questrade does not publish them: clearing fee, options regulatory fee, FINRA trading activity 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
Questrade vs TD Direct Investing