Written by ForexBrokers.com
In this head to head comparison of eToro vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro (founded 2007) and Questrade (founded 2000) are well-known online brokers. eToro is publicly traded, while Questrade is privately held, and neither operates as a bank.
Regulation and trust: ForexBrokers.com classifies Tier-1 regulators as highly trusted and Tier-2 as trusted. eToro holds 4 Tier-1 and 1 Tier-2 licenses and scores 97/99 (highly trusted). Questrade holds 1 Tier-1 license and 0 Tier-2 licenses and scores 85/99 (trusted). On this scale, 90–99 = highly trusted; 80–89 = trusted; 70–79 = average risk; 60–69 = high risk; below 59 = not trusted.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Year Founded | 2007 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and Questrade on commissions and fees, eToro comes out ahead overall. eToro is a market-maker broker with a typical variable spread of about 1 pip on EUR/USD, which is a bit higher than the industry average, but many traders use it more for its social copy trading tools than for ultra-low pricing. eToro also offers a VIP program called eToro Club, with five tiers from Silver to Diamond for eligible balances between $5,000 and $250,000, and perks can include Trading Central access, lower deposit and withdrawal fees, and a dedicated account manager. eToro is rated 4 out of 5 stars for commissions and fees and ranks #23 out of 36 brokers.
Questrade Global uses spread-based pricing, so your cost is built into the quote you see rather than charged as a separate commission on forex and CFDs. Questrade says spreads can be as low as 0.8 pips in normal market conditions, but real-world pricing can be closer to 2.1 to 2.5 pips on major pairs, which can make trading more expensive than it first appears. For CFDs, Questrade adds a $9.95 USD fee per unit, and that can quickly push total trading costs higher, especially once overnight financing charges are added. Questrade is rated 3.5 out of 5 stars for commissions and fees and ranks #34 out of 36 brokers.
In simple terms, eToro offers the better commissions-and-fees setup of the two, even if it is not the cheapest broker overall. Questrade may look straightforward because it bundles costs into the spread, but its pricing can add up fast, especially for CFD traders. If low trading costs are a top priority, eToro has the edge in this comparison.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | 1 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 1 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Join 239,000+ traders worldwide.
When it comes to range of investments, eToro gives traders a much wider menu than Questrade. eToro offers 7,441 tradeable symbols, 65 forex pairs, access to U.S. and international exchange-traded securities, copy trading, and both actual cryptocurrency and crypto CFDs. It also supports forex trading as either a CFD or spot contract, making it a flexible choice for people who want more ways to build and trade a portfolio.
Questrade also offers forex trading as a CFD or spot contract, and it has a slightly larger selection of forex pairs at 110. However, its overall range is smaller, with 675 tradeable symbols, and it does not offer U.S. or international exchange-traded securities, copy trading, or cryptocurrency trading. Both brokers receive 5 out of 5 stars for Range of Investments, but eToro ranks higher in this category at #10 out of 36 brokers, compared with Questrade at #12.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 675 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
eToro and Questrade both give traders a free demo account, a web-based platform, and their own in-house trading platform, so each broker makes it easy to get started without extra software. Both also let users trade directly from a stock chart, which can be helpful for quick order entry and simple chart-based trading. In terms of platform quality, eToro is rated 4.5 out of 5 for Trading Platforms and Tools and ranks #8 out of 36 brokers at ForexBrokers.com, while Questrade is rated 4 out of 5 and ranks #29 out of 36.
Where eToro stands out is copy trading, which Questrade does not offer. Questrade, on the other hand, has a Windows desktop download platform, while eToro does not. Neither broker supports MetaTrader 4 or MetaTrader 5, so traders looking for MT4 or MT5 access will need to look elsewhere. Overall, eToro may appeal more to traders who want social and copy trading features, while Questrade may suit those who want a desktop platform alongside browser-based trading.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 106 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Questrade both make it easy to trade on the go, with iPhone and Android apps, stock and forex price alerts, and watchlist syncing between the mobile app and your online account. Both apps also let you draw trendlines on charts, which is useful for basic technical analysis. For many everyday traders, that means either platform can cover the core mobile trading needs.
Where eToro stands out is in charting and overall mobile app ratings. eToro offers 104 technical studies in its mobile app, compared with 64 for Questrade, and it is rated 4.5 out of 5 stars for Mobile Trading Apps versus 3.5 stars for Questrade. eToro also ranks higher with ForexBrokers.com, placing #10 out of 36 brokers in the Mobile Trading Apps category, while Questrade comes in at #29. Questrade does have one handy edge: its app automatically saves chart drawings, while eToro’s does not.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, eToro has the edge over Questrade for traders who want more built-in information and analysis. eToro offers daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar for tracking upcoming global events. It also includes TipRanks research, while Questrade does not offer daily commentary, top-tier forex news, sentiment data, or an economic calendar. Still, Questrade does stand out in a few areas, including Autochartist and Trading Central tools, which eToro does not provide.
Overall, eToro is rated 4.5 out of 5 stars for research and ranks #12 out of 36 brokers in ForexBrokers.com’s research category, compared with Questrade’s 3.5-star rating and #35 ranking. Both brokers offer TipRanks research, but Questrade lacks several everyday research features that many newer traders may find useful, while eToro gives a wider mix of market updates and trading insights in one place.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, eToro comes out ahead of Questrade in education. eToro offers forex and CFD learning materials, monthly client webinars, at least 10 beginner-focused videos, and at least 10 advanced videos for more experienced traders. That stronger mix of lessons and live sessions helps new users learn the basics and build confidence over time. Questrade, by comparison, does not offer monthly educational webinars or the same level of video content for beginners or advanced traders, and it appears to have fewer forex or CFD-focused learning materials overall.
The ratings also show a clear gap. eToro is rated 4.5 out of 5 for education and ranks #3 out of 36 brokers in the ForexBrokers.com education category, while Questrade is rated 3.5 out of 5 and ranks #28. For someone who wants more beginner-friendly guidance, more videos, and more chances to learn from webinars, eToro is the stronger choice between the two.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Questrade. eToro finished with an overall rank of #9, while Questrade finished with an overall rank of #29.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 97 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In the eToro vs Questrade comparison, eToro lets you buy both real (delivered) cryptocurrencies and cryptocurrency CFDs, while Questrade offers neither.
eToro vs Questrade: among the listed funding and withdrawal methods, eToro supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Questrade supports bank wires but not ACH/SEPA, PayPal, or Skrill; Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
| Broker Screenshots | eToro | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | eToro | Questrade | |
|---|---|---|---|
| Trust Score | 97 | 85 | |
| Year Founded | 2007 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | eToro | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 675 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 1 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | eToro | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | eToro | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | Yes | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | eToro | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | Questrade Review |
| Overall | eToro | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill