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 and Questrade offer distinct choices for online trading, each providing unique features and trust levels in the financial market. Founded in 2007, eToro holds a ForexBrokers.com Trust Score of 93, indicating it is highly trusted thanks to its three Tier-1 licenses. Although not listed on a stock exchange or a bank, eToro's regulatory framework provides users with security and confidence. Furthermore, it holds one Tier-2 license, adding to its credibility among investors.
In contrast, Questrade, established in 2000, boasts a ForexBrokers.com Trust Score of 86, signifying a trusted reputation. Like eToro, Questrade is not publicly traded or a bank but maintains solid regulatory standing with two Tier-1 licenses. However, it lacks Tier-2 licenses, slightly differentiating its trust factor compared to eToro. Both brokers offer reliable options for online trading, but their regulatory distinctions might guide investors in choosing the right platform for their needs.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Year Founded | 2007 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and Questrade on commissions and fees, there are distinct differences. eToro is a market-maker broker known for its social copy trading platform but has a typical spread of 1 pip on the EUR/USD, which is above the industry average. It offers a VIP club, eToro Club, with membership levels from Silver to Diamond depending on account balances ranging from $5,000 to $250,000. Benefits for VIP members include features like discounted withdrawal and deposit fees, access to Trading Central, and a dedicated account manager. eToro impresses with a 4.5-star rating in this category and is placed at #22 out of 62 brokers according to ForexBrokers.com.
Questrade, on the other hand, has a target spread of 1.9 pips on the EUR/USD, which also exceeds the average. While it lacks the social trading focus of eToro, it still remains a popular choice for traditional trading. However, with a rating of 3 out of 5 stars for commissions and fees and a rank of #57 out of 62 brokers, Questrade is less competitive in this particular financial aspect.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $250 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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 it comes to the variety of available investments, both eToro and Questrade have their strengths, but they cater to different needs. eToro boasts a vast array of 5,461 tradeable symbols, significantly surpassing the 641 offered by Questrade. For those interested in forex trading, Questrade provides a broader selection with 110 tradeable forex pairs, as opposed to eToro's lineup of 55 pairs. Both brokers allow clients to trade exchange-traded securities on U.S. and international exchanges, ensuring that investors can access popular stocks like Apple and Vodafone.
eToro sets itself apart with the unique offering of copy trading, which is not available with Questrade, and it allows investors to buy actual cryptocurrencies in addition to cryptocurrency derivatives. On the other hand, Questrade only deals with cryptocurrency derivatives. Despite these differences, both brokers receive a five-star rating for their range of investments, reflecting their comprehensive offerings in the market. According to ForexBrokers.com, eToro is ranked slightly higher at #10 compared to Questrade's rank of #11 among 62 brokers in the Range of Investments category. Both platforms offer a competitive edge depending on an investor’s specific needs and trading strategies.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 641 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 of eToro and Questrade, both brokers offer unique features catering to different trading needs. eToro stands out with its easy-to-use web-based platform, which includes a demo account for beginners to practice trading. A highlight of eToro is its popular copy trading feature, allowing users to mirror successful traders' strategies. Although it lacks a desktop download platform and advanced tools like DupliTrade and MT4 or MT5 integration, eToro provides a comprehensive charting experience with 161 drawing tools, making it ideal for users interested in detailed visual trading analysis. Offering six columns for watch lists, eToro ranks #8 out of the 62 brokers reviewed by ForexBrokers.com for trading platforms and tools, with a high rating of 4.5 stars.
On the other hand, Questrade offers a versatile trading experience with both a proprietary platform and a Windows-based desktop download option that may appeal to those who prefer in-depth software access. Like eToro, Questrade also provides a web-based platform and a demo account, though it does not support copy trading or platforms like MetaTrader. However, Questrade enhances the trading experience with tools like DupliTrade and the ability to trade directly from stock charts, catering to more proactive traders. Despite fewer technical indicators and drawing tools compared to eToro, Questrade boasts an extensive 52-column watch list feature. With a solid rating of 4 stars, Questrade sits at #34 in ForexBrokers.com's rankings for trading platforms and tools.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 64 |
| Charting - Drawing Tools (Total) | 161 | 20 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Questrade offer iPhone and Android apps that are well-equipped with features to enhance the mobile trading experience. Users of both platforms can receive stock or forex price alerts and sync watchlists seamlessly between the mobile app and their online accounts. While eToro stands out with 104 technical studies available for charting, Questrade offers fewer at 64. However, Questrade provides more versatility for traders who prefer drawing trendlines and saving their charting annotations, a feature not available with eToro's app.
When it comes to viewing stock or forex charts, both apps allow users to select multiple time frames, such as daily, weekly, or intraday. Real-time quotes in watchlists are available with both brokers, ensuring users stay updated with the market. In terms of ratings, eToro edges ahead with a score of 4.5 stars compared to Questrade's 4 stars for mobile trading apps. Furthermore, eToro is ranked #11 out of 62 brokers by ForexBrokers.com for its mobile app, while Questrade holds the #34 position. Ultimately, the choice between these two may come down to specific charting capabilities and user preferences, as both offer solid options for mobile trading enthusiasts.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| Mobile Charting - Draw Trendlines | No | 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 comparing market research offerings between eToro and Questrade, there are distinct differences that may influence your choice if staying informed is a priority. eToro provides daily market commentary, giving users consistent insights into the market's pulse, while Questrade does not offer this feature. Both eToro and Questrade deliver technical analysis tools from the well-regarded Trading Central, which can be beneficial for investors seeking in-depth analytics. Additionally, eToro offers a sentiment-based trading tool, allowing its users to gauge market trends based on long or short positions, a feature unavailable on Questrade.
For those interested in fundamental research tools, Questrade has an advantage with offerings from Autochartist, which eToro lacks. However, both platforms provide access to market research from TipRanks and maintain economic calendars, helping investors track upcoming global events. eToro’s comprehensive research approach is reflected in its higher rating, earning 4.5 stars versus Questrade’s 3.5 stars, and its ranking of 13th out of 62 brokers in the Research category by ForexBrokers.com, compared to Questrade’s 51st position. This suggests eToro is better regarded for its market research tools among its peers.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | 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, eToro and Questrade offer a range of materials, but there are notable differences. Both platforms provide over 10 pieces of education on forex and CFDs, offering newcomers a solid foundation in these areas. Additionally, each service features a searchable archive of recorded webinars and over 10 beginner instructional videos that break down trading topics simply. However, eToro goes a step further with monthly live educational webinars that help users stay updated with the latest trading techniques, while Questrade does not offer this feature. Moreover, eToro expands its educational reach by presenting over 10 advanced videos catering to more experienced traders, which Questrade lacks. An investor dictionary with definitions of over 50 terms is another educational tool that eToro provides, assisting users in mastering trading jargon, while Questrade does not include this feature in their offerings.
The quality of educational resources on eToro is reflected in its ratings, with a strong 4.5-star rating for education compared to Questrade's 3.5 stars. Similarly, when evaluated by ForexBrokers.com, eToro is placed at an impressive #5 among 62 brokers, signifying its commitment to education. In contrast, Questrade ranks at #36, indicating there is room for improvement regarding their educational support for beginners. If you are a novice trader in search of comprehensive learning tools and a dynamic educational environment, eToro may provide an edge over Questrade in guiding you through your trading journey.
| Feature |
eToro
|
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 eToro is better than Questrade. eToro finished with an overall rank of #9, while Questrade finished with an overall rank of #32.
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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| Trust Score | 93 | 86 |
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While eToro allows investors to purchase both actual cryptocurrencies and cryptocurrency derivatives, Questrade provides only the option to buy cryptocurrency derivatives, not the actual digital currencies themselves.
While eToro provides a wide range of deposit and withdrawal options including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, Questrade offers fewer options, supporting only Visa, Mastercard, and bank wires without ACH, SEPA, PayPal, or Skrill capabilities.
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 | 93 | 86 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
| Broker Screenshots | eToro | Questrade | |
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| Regulation | eToro | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2007 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| 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 | No | |
| Canada (CIRO Authorised) | No | 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) | eToro | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | eToro | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 641 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | eToro | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | eToro | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 104 | 64 | |
| Charting - Drawing Tools (Total) | 161 | 20 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 64 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review | Questrade Review |
| Overall | eToro | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
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