Written by ForexBrokers.com
In this head to head comparison of Admirals 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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Admirals and Questrade are well-regarded online brokers, each with their own strengths in the industry. Founded in 2001, Admirals boasts a Trust Score of 93, placing it in the "highly trusted" category. It holds 4 Tier-1 licenses and 3 Tier-2 licenses, reflecting its strong regulatory standing. On the other hand, Questrade, established in 2000, has a Trust Score of 86, indicating that it is a trusted broker as well. It holds 2 Tier-1 licenses but does not have any Tier-2 licenses.
Neither Admirals nor Questrade are publicly traded companies or banks, focusing solely on brokerage services. Admirals leads in regulatory credentials with more Tier-1 and Tier-2 licenses compared to Questrade. While both brokers offer secure and reliable trading experiences, Admirals' higher Trust Score and greater number of regulatory licenses might appeal to those prioritizing extensive regulatory coverage.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Year Founded | 2001 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Admirals offers competitive pricing on its commissions and fees, making it an appealing choice for traders. With typical spreads of 0.8 on the Trade account and similar pricing on the Zero account, Admirals provides attractive rates compared to the industry standard. As a result, Admirals has earned a strong rating of 4.5 out of 5 stars for its commission and fee structure.
In contrast, Questrade's fees are somewhat higher, particularly noticeable in its target spreads. The target spread for the EUR/USD currency pair is 1.9 pips, which is higher than the industry average, potentially leading to increased trading costs over time. Due to these relatively steep spreads, Questrade receives a rating of 3 out of 5 stars for its commissions and fees.
In terms of overall rankings, Admirals is positioned significantly higher in the Commissions and Fees category according to ForexBrokers.com, coming in at #17 out of 62 brokers. Meanwhile, Questrade is ranked much lower at #57, reflecting its less competitive pricing structure. These rankings highlight the differences in cost-effectiveness between Admirals and Questrade, impacting their appeal to different kinds of traders.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options available through Admirals and Questrade, both brokers accommodate a diverse array of trading interests. Admirals offers an impressive 8702 tradeable symbols, including 82 forex pairs, providing traders with extensive opportunities. On the other hand, Questrade provides access to 641 tradeable symbols, with a focus on forex trading by offering 110 available pairs. Both platforms allow investors to trade U.S. exchange-listed securities, such as Apple shares, as well as international options like Vodafone stocks. However, a notable distinction is Admirals' provision of copy trading, a feature absent in Questrade's offerings.
For cryptocurrency enthusiasts, both brokers allow the trading of cryptocurrency derivatives but not the actual coins. Despite Admirals' broad symbol range, Questrade is better rated for its range of investments, earning a full 5-star rating compared to Admirals' 4.5 stars. According to ForexBrokers.com, Questrade ranks higher in the Range of Investments category at #11 out of 62 brokers, while Admirals sits at #19. This indicates a strong overall performance by Questrade in fulfilling diverse investment needs, despite Admirals' expansive list of tradeable symbols.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 641 |
| Forex Pairs (Total) | 82 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | 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.
When comparing the trading platforms and tools offered by Admirals and Questrade, both brokers provide a range of features designed to cater to various trading needs. Admirals and Questrade both offer simulated paper trading accounts, allowing users to hone their skills without risking real money. Both companies also offer proprietary trading platforms, enabling traders to use software engineered specifically for their respective services. Admirals takes a slight edge by supporting both MetaTrader 4 and MetaTrader 5, while Questrade focuses on their own system. Both offer desktop downloads for Windows as well as web-based platforms. Admirals' inclusion of copy trading provides an additional feature not available with Questrade, which, however, offers DupliTrade as an alternative.
On the charting front, Admirals offers a broader set of drawing tools with 106 options compared to Questrade’s 20. Both platforms allow traders to execute trades directly from stock charts, providing a seamless experience. While Questrade takes the lead with 52 fields for watch lists compared to Admirals' 7, important rankings assign Admirals a higher position at #20 compared to Questrade’s #34 in the Trading Platforms and Tools category by ForexBrokers.com. Both brokers share a solid rating of four out of five stars for their trading platforms and tools, indicating their strength in providing essential trading features to users.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 106 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Admirals and Questrade both offer user-friendly mobile trading apps available on iPhone and Android devices, designed to cater to traders' needs on the go. Each platform provides essential features like stock and forex price alerts, the capacity to draw trendlines, multiple time frame views for charts, and auto-saving of chart drawings. While both apps allow users to create watchlists with real-time quotes, Questrade takes a step further by offering watchlist symbol syncing, enabling seamless synchronization between its mobile and online platforms—something Admirals does not offer.
For those interested in technical analysis, Questrade provides a more extensive selection of charting options with 64 technical studies compared to the 30 offered by Admirals. Despite these differences, both apps boast a solid user rating of 4 out of 5 stars for their functionality. However, Admirals holds a slightly higher ranking at #28 out of 62 brokers for Mobile Trading Apps on ForexBrokers.com compared to Questrade's #34 ranking. This indicates that while both apps are highly rated, Admirals may offer a marginally preferred user experience overall.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Admirals and Questrade in terms of market research offerings, Admirals provides a more comprehensive suite of tools and information. Admirals offers daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, enhancing traders' decision-making capabilities. It supports sentiment-based trading by providing insights into market positions across various instruments. While Admirals lacks tools from Autochartist, it compensates with offerings from Trading Central and Acuity Trading, like Technical Analytics and the Signal Centre. Admirals also includes an economic calendar to keep users informed about global news events, similar to Questrade.
Questrade, meanwhile, offers some key features, such as tools from Autochartist and Trading Central, along with market research from TipRanks. However, it falls short by not providing daily market commentary, sentiment-based tools, or forex news from premium sources. Questrade's research offerings have earned it a research rating of 3.5 stars, positioning it at #51 out of 62 brokers for research by ForexBrokers.com. Admirals, on the other hand, achieves a higher research rating of 4 stars and is ranked #15 in the same category, highlighting its stronger market research capabilities.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | Yes |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Admirals and Questrade provide a variety of materials to help new traders get started. Admirals excels by offering a comprehensive set of educational tools, including at least 10 articles, videos, or webinars focused on forex and CFDs, along with regular online educational webinars every month. Admirals also stands out with its searchable archive of recorded webinars and specific beginner-friendly videos. Additionally, Admirals provides an investor dictionary with more than 50 trading terms, which is particularly useful for new investors. Rated 4 stars for education and ranked 12th among 62 brokers by ForexBrokers.com, Admirals proves to be a solid choice for beginner traders seeking quality educational resources.
Questrade, on the other hand, also offers more than 10 educational pieces on forex and CFDs, along with beginner-friendly videos, making it a good option for novice investors. However, it lacks the monthly webinars that Admirals offers, which might be a disadvantage for those who prefer live learning sessions. Although Questrade does provide an archive of webinars, it falls short when it comes to advanced educational videos and an investor dictionary. Rated at 3.5 stars and ranked 36th for education, Questrade provides a decent starter package for beginners but misses out on some of the valuable resources that Admirals offers.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Admirals is better than Questrade. Admirals finished with an overall rank of #18, while Questrade finished with an overall rank of #32.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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Both Admirals and Questrade do not support the purchase of actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
When comparing online brokers, Admirals stands out by offering a variety of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Questrade supports Visa or Mastercard and bank wires but lacks options such as ACH or SEPA transfers, PayPal, and 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 | Admirals | Questrade | |
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| Trust Score | 93 | 86 | |
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| Review | Admirals Review | Questrade Review |
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| Regulation | Admirals | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2001 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | 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) | Admirals | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 641 | |
| Forex Pairs (Total) | 82 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | 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 | Admirals | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Admirals | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Admirals | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 106 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Admirals | Questrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Admirals Review | Questrade Review |
| Overall | Admirals | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Admirals Review | Questrade Review |
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