Written by ForexBrokers.com
In this head to head comparison of Questrade vs IUX, 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.
Questrade vs IUX: According to ForexBrokers.com, Questrade holds a Trust Score of 85/99 (trusted), while IUX scores 76/99 (average risk). Both brokers hold one Tier-1 license, which is considered highly trusted. IUX also holds one Tier-2 license (trusted), whereas Questrade holds none.
Questrade was founded in 2000 and IUX in 2016. Neither broker is publicly traded, and neither is a bank. If you value stricter oversight, note the Tier-1 coverage for both, with IUX adding a Tier-2 license to its regulatory lineup.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Questrade and IUX take very different approaches to commissions and fees, and that can have a big impact on your trading costs. Questrade Global is a spread-only broker, so it does not charge a separate forex commission; instead, its cost is built into the bid-ask spread. While Questrade says spreads can start as low as 0.8 pips in normal conditions, real-world average spreads on major pairs were closer to 2.1 to 2.5 pips, which can make trading more expensive. Its CFD pricing can also add up quickly, since a $9.95 USD fee applies per unit, on top of the spread and any overnight financing costs. Questrade is rated 3.5/5 stars and ranked #34 out of 36 brokers for commissions and fees.
IUX offers more account choices, which lets traders balance lower spreads against commissions and deposit minimums. Its Standard and Standard+ accounts start with just a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 minimum deposit. The Raw account has a $6 commission per standard lot, but lower spreads, while the Pro account is spread-only and is designed to keep costs competitive without adding a commission. IUX lists average EUR/USD spreads around 0.9 pips on Standard, 0.7 pips on Pro, and about 0.6 pips on Raw when the commission is converted into pip cost. IUX is rated 4.5/5 stars and ranked #19 out of 36 brokers for commissions and fees.
Overall, IUX comes out ahead of Questrade on pricing for most traders, especially if you want lower everyday trading costs or more account options. Questrade may still appeal to some users who prefer its spread-only setup, but its wider spreads and higher CFD fees make it less competitive in this category. For cost-conscious traders comparing Questrade vs. IUX, IUX offers the stronger value on commissions and fees.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.86 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When it comes to range of investments, Questrade gives traders access to more markets and products than IUX overall. Questrade offers 675 tradeable symbols and 110 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Both brokers offer forex trading, but neither provides access to U.S. or international exchange-traded securities, and neither supports copy trading or the purchase of actual cryptocurrency.
There are, however, a few key differences. IUX does offer international exchange-traded securities and cryptocurrency CFDs, while Questrade does not offer either. Even so, Questrade is rated higher for range of investments, earning 5 stars and ranking #12 out of 36 brokers at ForexBrokers.com, versus IUX’s 3.5 stars and #36 ranking. Overall, Questrade is the better choice if you want a wider selection of tradable instruments.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 152 |
| Forex Pairs (Total) | 110 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
Questrade and IUX both give traders a choice of web-based and Windows desktop platforms, plus a free demo account for simulated trading. Each broker also offers its own proprietary platform and lets users place trades directly from a chart. Neither broker supports copy trading, and neither offers MetaTrader 4 (MT4).
The biggest difference in trading platforms and tools is that IUX offers MetaTrader 5 (MT5), while Questrade does not. That may matter for traders who want the MT5 interface and features. Based on ForexBrokers.com, Questrade earns a higher score for trading platforms and tools at 4 out of 5 stars and is ranked #29 out of 36 brokers, while IUX is rated 3.5 stars and ranked #36 out of 36.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| 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) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and IUX both offer mobile trading apps for iPhone and Android, so either broker lets you trade from a phone. They also each support saving chart drawings automatically, and both are rated 3.5 out of 5 stars for mobile trading apps. That said, Questrade has a few more helpful day-to-day features for many traders, including stock or forex price alerts, watchlist syncing between the mobile app and online account, and the ability to draw trendlines on charts.
When it comes to charting tools, IUX offers more technical studies in its mobile app, with 106 compared with Questrade’s 64. Even so, Questrade ranks higher overall in ForexBrokers.com’s mobile trading apps category, placing #29 out of 36 brokers, while IUX is ranked #36 out of 36. For traders who want more practical mobile features like alerts, synced watchlists, and trendline drawing, Questrade may be the better fit; for traders who care more about chart study choices, IUX has the edge.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and IUX for market research, Questrade comes out ahead overall. It offers research tools from Autochartist, Trading Central, and TipRanks, which can help traders spot price patterns, study market signals, and get extra stock and trading insights. IUX, by comparison, does not offer these research extras. Neither broker provides daily market commentary, forex news from major outlets like Bloomberg or Reuters, or a sentiment tool showing long and short positions.
IUX does have one clear advantage: it includes an economic calendar with upcoming global events, while Questrade does not. Still, Questrade earns a better research score from ForexBrokers.com, with 3.5 out of 5 stars and a ranking of #35 out of 36 brokers, compared with IUX’s 3 out of 5 stars and #36 ranking. For traders who want more built-in research tools, Questrade is the stronger choice, while IUX is more limited in this area.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner education, Questrade and IUX both leave some gaps, but IUX offers a clearer edge for new traders. Questrade does not provide forex or CFD-focused education at the level of 10 or more dedicated pieces, and it does not host monthly educational webinars. It also falls short on beginner and advanced video lessons. IUX, while also not offering monthly educational webinars or 10 advanced videos, does provide at least 10 beginner trading videos, which makes it more useful for someone just getting started.
Overall, Questrade is rated 3.5 out of 5 for Education and ranks #28 out of 36 brokers in the category, while IUX is rated 3 out of 5 and ranks #36 out of 36. That means Questrade scores better on paper, but IUX gives beginners more starter-friendly video content. For traders who want basic learning tools, IUX may feel more helpful at the entry level, while Questrade has a slight lead in the broader education ranking.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than IUX. Questrade finished with an overall rank of #29, while IUX finished with an overall rank of #36.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
IUX
|
|---|---|---|
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| Trust Score | 85 | 76 |
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In the Questrade vs IUX comparison, both online brokers do not allow buying actual delivered cryptocurrency, but only IUX offers cryptocurrency CFDs while Questrade offers neither actual crypto nor crypto CFDs.
Questrade vs IUX deposit and withdrawal comparison: both do not support ACH or SEPA transfers or PayPal, IUX supports Skrill while Questrade does not, both support bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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 | Questrade | IUX | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Questrade Review | IUX Review |
| Broker Screenshots | Questrade | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | IUX | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| Year Founded | 2000 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 152 | |
| Forex Pairs (Total) | 110 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | Yes | |
| Disclaimers |
| Cost | Questrade | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.86 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Questrade | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | No | Yes |
| Education | Questrade | IUX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | IUX Review |
| Overall | Questrade | IUX | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Questrade Review | IUX Review |
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