Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro (founded 2007) and Questrade (founded 2000) are well-known online brokers. eToro is publicly traded, while Questrade is privately held, and neither operates as a bank.
Regulation and trust: ForexBrokers.com classifies Tier-1 regulators as highly trusted and Tier-2 as trusted. eToro holds 4 Tier-1 and 1 Tier-2 licenses and scores 97/99 (highly trusted). Questrade holds 1 Tier-1 license and 0 Tier-2 licenses and scores 85/99 (trusted). On this scale, 90–99 = highly trusted; 80–89 = trusted; 70–79 = average risk; 60–69 = high risk; below 59 = not trusted.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Year Founded | 2007 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and Questrade on commissions and fees, eToro comes out ahead overall. eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is a little above the industry average, but many traders are drawn to its social copy trading tools rather than low spread pricing. It also offers the eToro Club VIP program, with five tiers from Silver to Diamond for accounts funded between $5,000 and $250,000, and higher tiers can include benefits like Trading Central access, lower deposit and withdrawal fees, and a dedicated account manager. eToro is rated 4 stars and ranked #22 out of 36 for commissions and fees.
Questrade Global uses spread-based pricing, so the trading cost is built into the price instead of shown as a separate commission. Questrade says spreads can start at 0.8 pips in normal market conditions, but real-world pricing for major pairs was closer to 2.1 to 2.5 pips at the time of review, which can make a standard forex trade more expensive than it first appears. For CFDs, Questrade adds a small spread plus a $9.95 USD trading fee per unit, and overnight financing costs can also raise the total bill. Questrade is rated 3.5 stars and ranked #33 out of 36 for commissions and fees.
In simple terms, eToro offers the better value on commissions and fees, especially if you want a broker with built-in social trading features and relatively straightforward costs. Questrade can work for some traders, but its wider spreads and extra CFD fees may add up quickly, so it is usually the pricier choice of the two.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | 1 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 1 | 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.
When it comes to range of investments, eToro gives traders a much wider menu than Questrade. eToro offers 7,441 tradeable symbols, 65 forex pairs, access to U.S. and international exchange-traded securities, copy trading, and both actual cryptocurrency and crypto CFDs. It also supports forex trading as either a CFD or spot contract, making it a flexible choice for people who want more ways to build and trade a portfolio.
Questrade also offers forex trading as a CFD or spot contract, and it has a slightly larger selection of forex pairs at 110. However, its overall range is smaller, with 675 tradeable symbols, and it does not offer U.S. or international exchange-traded securities, copy trading, or cryptocurrency trading. Both brokers receive 5 out of 5 stars for Range of Investments, but eToro ranks higher in this category at #10 out of 36 brokers, compared with Questrade at #12.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 675 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
When comparing eToro vs. Questrade for trading platforms and tools, both brokers give traders a useful mix of features, including a free paper trading account, a web-based platform, a proprietary platform, and the ability to trade directly from charts. eToro stands out for copy trading, which lets users follow and mirror other traders, while Questrade does not offer this feature. Neither broker supports MetaTrader 4 or MetaTrader 5, so traders looking for those third-party platforms will need to look elsewhere.
For desktop access, Questrade has the edge because it offers a Windows-based download platform, while eToro does not. Based on ForexBrokers.com, eToro scores higher in this category with 4.5 out of 5 stars and ranks #8 out of 36 brokers for trading platforms and tools, compared with Questrade’s 4 out of 5 stars and #28 ranking. In short, eToro is a stronger fit for social and copy trading, while Questrade may appeal more to traders who want a downloadable desktop platform.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 106 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Questrade both make it easy to trade on the go with iPhone and Android apps, plus stock and forex price alerts and watchlist syncing between the mobile app and online account. Both apps also let you draw trendlines on charts, which can help with basic technical analysis. For traders who want more chart tools, eToro has the edge with 104 technical studies in its mobile app, compared with 64 for Questrade.
When it comes to overall mobile trading app quality, eToro comes out ahead. It has a 4.5-star rating for Mobile Trading Apps and ranks #10 out of 36 brokers at ForexBrokers.com, while Questrade holds a 3.5-star rating and ranks #28. One notable difference is that Questrade automatically saves chart drawings, while eToro does not, which may matter if you often mark up charts on your phone.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, eToro has the edge over Questrade for most everyday traders. eToro offers daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows how traders are positioned, and an economic calendar for tracking key global events. It also includes TipRanks research, while Questrade does not provide daily commentary, top-tier forex news, sentiment tools, or an economic calendar. Based on these features, eToro is rated 4.5 out of 5 for Research and ranks #12 out of 36 brokers at ForexBrokers.com.
Questrade does stand out in a couple of areas, though. It offers research tools from Autochartist and Trading Central, both of which eToro does not provide. Questrade also includes TipRanks, which means both brokers share access to that service. Even so, Questrade’s overall research offering is rated 3.5 out of 5 and ranked #34 out of 36, so while it has some useful tools, eToro gives a broader range of market research for most users.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, eToro comes out ahead of Questrade in education. eToro offers forex and CFD learning materials, monthly client webinars, at least 10 beginner-focused videos, and at least 10 advanced videos for more experienced traders. That stronger mix of lessons and live sessions helps new users learn the basics and build confidence over time. Questrade, by comparison, does not offer monthly educational webinars or the same level of video content for beginners or advanced traders, and it appears to have fewer forex or CFD-focused learning materials overall.
The ratings also show a clear gap. eToro is rated 4.5 out of 5 for education and ranks #3 out of 36 brokers in the ForexBrokers.com education category, while Questrade is rated 3.5 out of 5 and ranks #28. For someone who wants more beginner-friendly guidance, more videos, and more chances to learn from webinars, eToro is the stronger choice between the two.
| Feature |
eToro
|
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 eToro is better than Questrade. eToro finished with an overall rank of #9, while Questrade finished with an overall rank of #29.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Questrade
|
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| Overall Rating |
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| Trust Score | 97 | 85 |
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In the eToro vs Questrade comparison, eToro lets you buy both real (delivered) cryptocurrencies and cryptocurrency CFDs, while Questrade offers neither.
eToro vs Questrade: among the listed funding and withdrawal methods, eToro supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Questrade supports bank wires but not ACH/SEPA, PayPal, or Skrill; Visa/Mastercard availability is not specified for either.
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 | eToro | Questrade | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
| Broker Screenshots | eToro | Questrade | |
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| Regulation | eToro | Questrade | |
|---|---|---|---|
| Trust Score | 97 | 85 | |
| Year Founded | 2007 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | 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) | eToro | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | 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 |
| Investments | eToro | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 675 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | eToro | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 1 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | eToro | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | eToro | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | eToro | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | Yes | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | eToro | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | Questrade Review |
| Overall | eToro | Questrade | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
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