Written by ForexBrokers.com
In this head to head comparison of Questrade vs Libertex, 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 and Libertex are both non-bank brokers that are privately held and not listed on a stock exchange. Questrade was founded in 2000, while Libertex has been around since 1997. In terms of regulation, both brokers hold 1 Tier-1 license, which ForexBrokers.com classifies as highly trusted, but Questrade also has a stronger overall standing with a Trust Score of 85 out of 99, placing it in the trusted range.
Libertex, by comparison, has a Trust Score of 79 out of 99, which ForexBrokers.com places in the average risk range. It also holds 1 Tier-2 license, while Questrade holds none, giving Libertex a slightly wider regulatory footprint but a lower trust rating overall. For traders comparing broker safety and oversight, Questrade appears to have the edge on trust, while Libertex offers a solid but less highly rated regulatory profile.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Year Founded | 2000 | 1997 |
| 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 | 2 |
When comparing Questrade and Libertex on commissions and fees, Libertex comes out ahead for most cost-conscious traders. Questrade uses a spread-only pricing model for forex, so the trading cost is built into the buy-sell spread rather than shown as a separate commission. While Questrade says spreads can start at 0.8 pips, typical major-pair spreads were closer to 2.1 to 2.5 pips at the time of review, which can make trading more expensive. Questrade also charges a small spread on CFDs plus a $9.95 USD fee per unit, which can add up quickly. Questrade is rated 3.5 out of 5 stars for commissions and fees and is ranked #34 out of 36 brokers by ForexBrokers.com.
Libertex offers tighter headline pricing, especially on popular forex pairs like EUR/USD, where the most recent published spread was 0.3 pips. Its forex pricing uses a spread-plus-commission setup, with 5 euros per side on the Libertex platform and 6 euros per side on MT4 and MT5, making the proprietary platform the cheaper choice for active traders. Libertex also has a low $10 minimum deposit, free international wire transfers, and a monthly inactivity fee of 10 euros that only starts after six months without trading or funding activity. Libertex is rated 4 out of 5 stars for commissions and fees and is ranked #21 out of 36 brokers.
Overall, Libertex is the better pick if you want lower trading costs and a more competitive fee structure, while Questrade may be less appealing for frequent forex and CFD trading because of wider spreads and higher CFD charges. For traders focused mainly on commissions and fees, Libertex has the edge in both star rating and category ranking.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.3 |
| All-in Cost EUR/USD - Active | N/A | 1.3 |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When it comes to range of investments, Questrade and Libertex both offer forex trading, but they differ in what else is available. Questrade lists 675 tradeable symbols and 110 forex pairs, while Libertex offers a wider overall selection with 1,573 tradeable symbols, though it has fewer forex pairs at 46. Neither broker lets clients buy real shares on U.S. or international exchanges, and neither supports purchasing actual cryptocurrency.
There are also some important differences in extra features. Libertex supports copy trading and offers cryptocurrency CFDs, while Questrade does not. Based on ForexBrokers.com’s ratings, Questrade earns 5 out of 5 stars for Range of Investments and ranks #12 out of 36 brokers, compared with Libertex at 4 out of 5 stars and #25 out of 36. Overall, Questrade appears stronger for forex variety, while Libertex stands out for a larger total list of tradable products and copy trading.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 1573 |
| Forex Pairs (Total) | 110 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | Yes |
| 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.
Questrade and Libertex both give traders a choice of a web-based platform, a Windows desktop download, and a free paper trading account for practice. Each also lets you place trades directly from a chart, and both are rated 4 out of 5 stars for trading platforms and tools. In ForexBrokers.com’s ranking of 36 brokers, Questrade sits at #29, while Libertex places slightly higher at #26.
The biggest difference is in the extra tools each broker offers. Questrade uses its own in-house platform, but it does not support copy trading, MetaTrader 4, or MetaTrader 5. Libertex does support copy trading, MT4, and MT5, which may appeal to traders who want more platform choices and social trading features. If you want a broker with built-in platform options and MetaTrader access, Libertex has the edge, while Questrade may suit traders who prefer a broker-developed platform.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 43 |
| Charting - Trade From Chart | Yes | Yes |
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Questrade and Libertex both make it easy to trade on the go, since each offers iPhone and Android apps, plus stock or forex price alerts and watchlist syncing between the mobile app and online account. That means updates you make in one place carry over to the other, which is helpful if you switch between your phone and desktop during the day.
Where Questrade stands out is in charting tools. Its mobile app includes 64 technical studies, trendline drawing, and auto-saving for chart drawings, while Libertex does not offer technical studies or trendline drawing in its app, and it does not auto-save drawings. Even so, Libertex gets a slightly higher Mobile Trading Apps rating at 4 stars, compared with Questrade’s 3.5 stars, and it ranks #27 out of 36 brokers versus Questrade’s #29 ranking.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 0 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Libertex has a slight edge over Questrade. Questrade does not offer daily market commentary or top-tier forex news, but it does provide helpful tools from Autochartist, Trading Central, and TipRanks. By comparison, Libertex includes forex news from leading sources, Trading Central tools, a sentiment tool that shows long and short positioning, and an economic calendar. It does not offer Autochartist, TipRanks, or Acuity Trading tools, and it also does not provide daily market commentary.
Overall, Libertex earns a 4-star Research rating and ranks #25 out of 36 brokers, while Questrade is rated 3.5 stars and ranks #35 out of 36. If you want more built-in market news and research features, Libertex is the stronger choice. If you prefer Autochartist and TipRanks, Questrade may still be worth a look, but its research lineup is more limited overall.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking at educational support, neither Questrade nor Libertex stands out for forex or CFD learning content based on the criteria given. Questrade does not offer at least 10 forex or CFD education pieces, does not host monthly educational webinars, and does not provide 10 beginner or 10 advanced trading videos. Libertex shows the same gaps, with no monthly webinars and no set of 10 beginner or advanced videos, and it also does not meet the 10-piece forex or CFD education threshold. In simple terms, both brokers have room to improve if your main goal is learning specifically about forex or CFDs.
That said, Libertex has a slight edge in overall education scoring, earning 4 out of 5 stars compared with Questrade’s 3.5 stars. Even so, Questrade ranks higher on ForexBrokers.com for Education, placing #28 out of 36 brokers, while Libertex sits at #33. So, if you are choosing based on educational resources alone, Libertex gets the better star rating, but Questrade has the stronger ranking. Neither broker appears especially helpful for beginners who want a wide library of trading lessons.
| Feature |
Questrade
|
Libertex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | No |
| 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 Libertex. Questrade finished with an overall rank of #29, while Libertex finished with an overall rank of #32.
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
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Libertex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 79 |
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When comparing Questrade vs Libertex, neither broker lets you buy actual delivered cryptocurrency, but Libertex does offer cryptocurrency CFDs while Questrade does not.
When comparing Questrade vs Libertex for funding and withdrawals, Libertex supports ACH/SEPA transfers, PayPal, and Skrill while Questrade does not, and both brokers offer bank wire transfers as a deposit and withdrawal option.
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 | Libertex | |
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| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | Libertex Review |
| Broker Screenshots | Questrade | Libertex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | Libertex | |
|---|---|---|---|
| Trust Score | 85 | 79 | |
| Year Founded | 2000 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Libertex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| 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 | ||
| 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 | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Libertex | |
|---|---|---|---|
| Kenya (CMA Authorised) | 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 |
| Investments | Questrade | Libertex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 1573 | |
| Forex Pairs (Total) | 110 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | Yes | |
| 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 | Questrade | Libertex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.3 | |
| All-in Cost EUR/USD - Active | N/A | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Libertex | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Questrade | Libertex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | Libertex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 43 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Questrade | Libertex | |
|---|---|---|---|
| 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 | 64 | 0 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Libertex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Libertex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Libertex | |
|---|---|---|---|
| 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 | Libertex Review |
| Overall | Questrade | Libertex | |
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| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | Libertex Review |
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