Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FOREX.com (founded 1999) vs Questrade (founded 2000): FOREX.com is publicly traded, while Questrade is privately held; neither is a bank. In regulation, FOREX.com holds seven Tier-1 licenses (highly trusted by ForexBrokers.com) and two Tier-2 licenses (trusted), compared with Questrade’s one Tier-1 and zero Tier-2 licenses.
Trust Score: ForexBrokers.com rates FOREX.com at 99/99 and Questrade at 85/99. On this scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. In short, FOREX.com reaches the highest trust tier with wider regulatory coverage, while Questrade is trusted but with fewer top-tier approvals.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, FOREX.com comes out ahead of Questrade for most traders. FOREX.com earns 4.5 out of 5 stars and is ranked #15 out of 36 by ForexBrokers.com in this category. Its pricing depends on the account type: the Standard account is simpler but usually has wider spreads, while the RAW account uses commission-based pricing with tighter spreads, which can be better for active traders. In the U.S., the Standard account’s EUR/USD spread averaged about 1.4 pips, while the RAW account’s typical spread was much lower at around 0.13 pips, plus commission. For many U.S. traders, the overall cost ends up being similar unless monthly trading volume is very high.
Questrade, by comparison, earns 3.5 out of 5 stars and is ranked #34 out of 36. It uses spread-based pricing, so the cost is built into the difference between the buy and sell price rather than charged as a separate commission for forex. Questrade says spreads can be as low as 0.8 pips, but typical major-pair spreads were closer to 2.1 to 2.5 pips in review, which can make trades more expensive. For CFDs, Questrade adds a spread plus a $9.95 USD trading fee per unit, which can quickly push total costs higher.
In simple terms, FOREX.com is usually the better pick if you want more competitive pricing and clearer options for active trading, especially with its RAW account. Questrade is easier to understand at first glance because the cost is mainly in the spread, but that spread can be wider than many competitors, and its CFD fees can add up fast. If keeping trading costs low is a priority, FOREX.com is generally the stronger choice between the two.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 1.13 | 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.
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When it comes to range of investments, FOREX.com offers a wider menu than Questrade. FOREX.com supports forex trading, plus a much larger total list of tradeable symbols at 5,500 compared with Questrade’s 675. It also offers more in the way of investing choice, including 80 forex pairs, U.S. and international exchange-traded securities, and cryptocurrency CFDs. Questrade also offers forex trading, but it does not provide U.S. or international exchange-traded securities, copy trading, or cryptocurrency CFDs.
Both brokers earn 5 out of 5 stars for Range of Investments, but FOREX.com is ranked higher overall by ForexBrokers.com, placing #6 out of 36 brokers versus Questrade at #12. For traders looking for a broader mix of markets and product types, FOREX.com has the edge, while Questrade offers a smaller selection with a stronger focus on forex pairs, listing 110 compared with FOREX.com’s 80.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 675 |
| Forex Pairs (Total) | 80 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | 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.
FOREX.com and Questrade both give traders a strong set of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, and a web-based trading platform. Each also lets users trade directly from charts, which can make order entry quicker and easier. Neither broker offers copy trading, so if that feature matters to you, you will need to look elsewhere.
Where FOREX.com stands out is its support for both MetaTrader 4 and MetaTrader 5, while Questrade does not support either platform. That extra flexibility can matter for traders who want more charting and automation options. The ratings reflect this difference: FOREX.com earns 5 out of 5 stars for Trading Platforms and Tools and ranks #5 out of 36 brokers, while Questrade scores 4 out of 5 stars and ranks #29.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 90 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and Questrade both make it easy to trade on the go, with iPhone and Android apps, price alerts, and watchlist syncing so your mobile watchlists match your online account. Both apps also let you draw trendlines on charts, and any chart drawings are automatically saved. In other words, each broker gives mobile traders the basic tools they need for everyday use.
Where FOREX.com pulls ahead is charting depth and overall app quality. Its mobile app includes 90 technical studies, compared with 64 at Questrade, and it earns a 5-star Mobile Trading Apps rating versus Questrade’s 3.5 stars. That stronger mobile experience is reflected in ForexBrokers.com’s rankings too, where FOREX.com places #2 out of 36 brokers for mobile trading apps, while Questrade sits at #29.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 90 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research tools, FOREX.com gives traders more in-house support than Questrade. FOREX.com offers daily market commentary, forex news from top names like Bloomberg and Reuters, a sentiment tool that shows long and short positioning, Trading Central research, and an economic calendar for tracking major global events. Questrade also provides Trading Central, plus Autochartist and TipRanks, but it does not offer daily commentary, top-tier forex news, sentiment data, or an economic calendar.
Overall, FOREX.com comes out ahead for research. It earns a 5-star research rating and ranks 7th out of 36 brokers in ForexBrokers.com’s Research category, while Questrade is rated 3.5 stars and ranks 35th. For traders who want more market updates and built-in analysis, FOREX.com is the stronger choice; Questrade may still appeal to those who value Autochartist and TipRanks.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com stands out ahead of Questrade. FOREX.com offers forex and CFD learning materials, at least one online client webinar each month, and plenty of video content for both new and experienced traders. It provides 10 or more beginner-focused videos, plus 10 or more advanced videos, giving beginners and growing traders more chances to learn at their own pace. This strong education offering is reflected in its 5-star Education rating and its #4 ranking out of 36 brokers by ForexBrokers.com.
Questrade also provides some educational support, but it falls behind FOREX.com in key beginner-friendly areas. Based on the information provided, Questrade does not meet the same level of forex or CFD education content, does not offer monthly educational webinars, and does not have 10 or more beginner or advanced trading videos. Its Education rating is 3.5 stars, and it ranks #28 out of 36 brokers for Education, making FOREX.com the clearer choice for beginners looking for more trading education online.
| Feature |
FOREX.com
|
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 FOREX.com is better than Questrade. FOREX.com finished with an overall rank of #4, while Questrade finished with an overall rank of #29.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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In a FOREX.com vs Questrade cryptocurrency trading comparison, neither broker supports buying actual (delivered) cryptocurrencies, but only FOREX.com offers cryptocurrency CFDs while Questrade does not.
Compared to Questrade, FOREX.com supports more convenient funding options—ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers—while Questrade only offers bank wires and does not support ACH/SEPA, PayPal, or Skrill.
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.
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0 of 5| Overall Rating | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
| Broker Screenshots | FOREX.com | Questrade | |
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| Regulation | FOREX.com | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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 | No |
| Investments | FOREX.com | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 675 | |
| Forex Pairs (Total) | 80 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | 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 | FOREX.com | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 1.13 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | FOREX.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FOREX.com | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | FOREX.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 90 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FOREX.com | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | Questrade Review |
| Overall | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
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