Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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.
When exploring online brokerage options, AvaTrade and Questrade often come into consideration. Established in 2006, AvaTrade is a private broker unaffiliated with any bank and boasts a commendable Trust Score of 94 out of 99 from ForexBrokers.com. It holds four Tier-1 licenses, marking it as highly trusted, alongside three Tier-2 licenses, further enhancing its reputation. These factors contribute to its strong position in the online trading landscape.
Founded earlier in 2000, Questrade is also a privately-held brokerage firm, not associated with any banking institution. With a Trust Score of 86, it falls neatly into the "trusted" category under the ForexBrokers.com rating system. While Questrade holds two Tier-1 licenses, it does not have any Tier-2 licenses. Both brokers are reliable options, with AvaTrade edging out slightly in terms of regulatory trust and license coverage.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Year Founded | 2006 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers AvaTrade and Questrade, AvaTrade comes out ahead with spreads that are close to the industry average, sitting just below one pip at 0.9 pips as of June 2024. This rate is slightly higher than some competitors like CMC Markets and Tickmill for entry-level accounts. However, for those qualifying as professional traders, AvaTrade offers competitive spreads of 0.6 pips, bringing it on par with brokers like FP Markets. AvaTrade is highly rated for its commissions and fees, earning 4.5 out of 5 stars, and ranks 12th out of 62 brokers in this category according to ForexBrokers.com.
In contrast, Questrade’s target spreads stand at 1.9 pips for popular currency pairs like EUR/USD, which is considerably steeper than the industry average. This higher rate affects its overall ranking and rating. As a result, Questrade receives a lower rating of 3 out of 5 stars for commissions and fees. Moreover, its position in the ForexBrokers.com ranking for this category is significantly lower at 57th out of 62 brokers.
Overall, those focused on minimizing trading costs may find AvaTrade's offering more attractive, particularly if they qualify as professional traders to take advantage of its competitive spread rates. Despite Questrade’s higher costs, it's essential to consider other factors like trading platform features and customer support before making a final decision.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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.
AvaTrade and Questrade both cater to different types of investors with their wide range of available investments. AvaTrade is well-regarded for its extensive variety of trading options, offering a total of 1,260 tradeable symbols. Among these, 53 are forex pairs, providing a commendable selection for currency traders. Moreover, AvaTrade supports forex trading through both CFDs and spot contracts, meeting diverse trading needs. It also offers the advantage of copy trading and allows for investing in cryptocurrency derivatives, though it lacks the facility for buying actual delivered cryptocurrencies and exchange-traded securities on both U.S. and international markets.
Questrade, on the other hand, excels with its broad access to traditional securities, enabling clients to invest in exchange-traded securities on both U.S. and international exchanges. It offers 641 tradeable symbols, including a significant 110 forex pairs, permitting comprehensive forex trading through both CFDs and spot contracts. However, Questrade does not provide copy trading, and like AvaTrade, it only offers cryptocurrency derivatives rather than actual cryptocurrencies. Rated five stars for its range of investments, Questrade ranks 11th out of 62 brokers by ForexBrokers.com, compared to AvaTrade's 32nd rank and four-star rating.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 641 |
| Forex Pairs (Total) | 53 | 110 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 AvaTrade and Questrade in terms of trading platforms and tools, both offer virtual demo accounts, making it easy for beginners to practice trading without financial risk. Each broker has developed a proprietary platform for their users and provides Windows-based desktop and web-based trading options. However, AvaTrade shines with added extras like copy trading, MetaTrader 4 and 5 support, and access to platforms such as DupliTrade and ZuluTrade, expanding the array of tools for traders. Questrade, while also offering DupliTrade, does not provide MetaTrader options or ZuluTrade, which can limit flexibility for users seeking these specific tools.
Charting capabilities are an important consideration and Questrade edges ahead with 20 drawing tools compared to AvaTrade's 13. However, both platforms allow trading directly from a chart, offering ease of use for active traders. Additionally, Questrade offers extensive customization with 52 columns for watch lists against AvaTrade's 7, allowing for more tailored monitoring of stocks. Despite this, AvaTrade scores higher with a 4.5-star rating versus Questrade’s 4 stars for trading platforms and tools, and ranks 13th out of 62 on ForexBrokers.com compared to Questrade’s 34th position, indicating AvaTrade's offerings are more favored among reviewers.
| Feature |
AvaTrade
|
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 | Yes | Yes |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 64 |
| Charting - Drawing Tools (Total) | 13 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking a top-tier mobile experience, AvaTrade and Questrade both deliver commendable options available on iPhone and Android devices. Both provide essential features such as stock or forex price alerts and watchlist symbol syncing, ensuring seamless operation between the mobile app and the online account. AvaTrade takes a slight edge by offering 73 technical studies for charting, compared to Questrade's 64, which could be beneficial for users seeking more in-depth analysis. However, Questrade stands out by allowing autosave of chart drawings, a feature not currently available with AvaTrade, potentially saving users time from redrawing on charts.
Users can draw trendlines and view multiple time frames on stock or forex charts across both platforms, adding a layer of technical analysis flexibility. It’s possible to create watchlists with real-time quotes with each offering, catering to active traders who need live updates. While AvaTrade boasts a higher user rating of 4.5 stars and ranks #13 for Mobile Trading Apps on ForexBrokers.com, Questrade garners a respectable 4-star rating and holds the #34 spot. These differences could influence users when choosing between them, depending on prioritizing charting features or ease of use.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 73 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, AvaTrade and Questrade offer distinct features that set them apart for traders. AvaTrade shines with forex news sourced from top-tier outlets such as Bloomberg and Reuters, enhancing the informational edge for its users. Additionally, AvaTrade provides a sentiment-based trading tool that offers insights into long or short positions across various instruments, and it features a comprehensive economic calendar for global news events. Furthermore, AvaTrade integrates research tools from Trading Central, which enhances its offering, although it misses out on tools from Autochartist and research services from TipRanks.
In comparison, Questrade excels with technical analysis tools from Autochartist, providing traders with valuable chart patterns and trading signals. It also offers market research from TipRanks, adding another layer of insight for users. Similar to AvaTrade, Questrade also uses Trading Central’s tools and provides an economic calendar, which helps traders stay informed. However, it lacks access to high-tier forex news sources and a sentiment-based trading tool. In research ratings, AvaTrade scores 4 stars and ranks 34th among 62 brokers, ahead of Questrade, which scores 3.5 stars and ranks 51st.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, AvaTrade and Questrade both provide a solid range of materials, including articles, videos, and archived webinars focused on forex and CFDs. Both brokers offer a searchable archive of recorded webinars, ensuring easy access to past sessions for continued learning. However, AvaTrade sets itself apart by hosting regular monthly webinars to support ongoing education, a feature that Questrade does not offer. Additionally, both platforms provide educational videos aimed at beginners, but AvaTrade extends its offerings to also include a series of advanced educational videos for more experienced traders, whereas Questrade does not match this level of advanced content.
For users looking to expand their investing vocabulary, AvaTrade presents an investor dictionary with definitions of over 50 investing terms, a resource not available with Questrade. This comprehensive approach to education has earned AvaTrade a four-star rating for education and a #2 ranking among 62 brokers on ForexBrokers.com. In contrast, Questrade has a slightly lower education rating of 3.5 stars and holds the #36 spot. Overall, AvaTrade’s education resources provide beginners with a more extensive learning toolkit and a more structured approach to advancing their trading skills.
| Feature |
AvaTrade
|
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 AvaTrade is better than Questrade. AvaTrade finished with an overall rank of #13, while Questrade finished with an overall rank of #32.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both AvaTrade and Questrade do not offer the ability to buy actual delivered cryptocurrency, but they provide options to purchase cryptocurrency derivatives.
When comparing online brokers AvaTrade and Questrade, AvaTrade supports PayPal and Skrill for deposits and withdrawals, whereas Questrade does not, but both brokers accept Visa, Mastercard, and bank wire transfers, with neither offering ACH or SEPA transfers.
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 | AvaTrade | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Questrade Review |
| Broker Screenshots | AvaTrade | Questrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | AvaTrade | Questrade | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | AvaTrade | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 641 | |
| Forex Pairs (Total) | 53 | 110 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | AvaTrade | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | AvaTrade | 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 | No | No |
| Trading Platforms | AvaTrade | 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 | Yes | Yes | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 80 | 64 | |
| Charting - Drawing Tools (Total) | 13 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 73 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | Questrade | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | Questrade Review |
| Overall | AvaTrade | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill