Written by ForexBrokers.com
In this head to head comparison of Questrade vs Exness, 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 Exness are both online brokers offering trading services without being listed on any stock exchange or operating as banks. Questrade, established in 2000, holds two Tier-1 licenses, reflecting a high level of trust from ForexBrokers.com. In comparison, Exness, founded in 2008, also has two Tier-1 licenses but holds an additional three Tier-2 licenses, which are considered trusted.
Looking at their Trust Score ratings, Questrade earns a score of 86 out of 99, placing it solidly in the trusted category according to ForexBrokers.com standards. Exness, with a Trust Score of 81, also falls into the trusted range, slightly trailing behind Questrade in terms of perceived reliability. Both brokers offer trusted services, though they differ slightly in how they are regulated and rated.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Year Founded | 2000 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing online brokers Questrade and Exness, there are significant differences in their commission structures and fee offerings. Questrade, with a target spread for the EUR/USD at 1.9 pips, is above the industry average, which could mean higher costs for traders. Rated 3 out of 5 stars for commissions and fees, Questrade ranks 57th out of 62 brokers in this category according to ForexBrokers.com.
Exness, on the other hand, provides a variety of account types, each with its own pricing model. Traders can choose between two standard accounts and three professional accounts, with two additional offerings for those interested in social copy trading. Exness's commission-based accounts have lower spreads compared to its commission-free options. Their Pro account, for instance, offers both instant and market execution, while the "Zero Spread" account and the "Raw" account involve specific per-trade commission costs. Overall, Exness achieves a rating of 4 stars and holds a better position at 38th place among 62 brokers in the same category.
This comparison highlights that Exness offers a more flexible structure for commission and trading fees, potentially providing better value for traders depending on the account type selected. Meanwhile, Questrade's somewhat higher spreads may not be as appealing to cost-conscious traders.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Minimum Deposit | $250 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade and Exness provide investors with diverse opportunities, yet their offerings vary significantly. Questrade stands out with a broader selection of 641 tradeable symbols, including an impressive 110 forex pairs, compared to Exness's 227 symbols and 96 forex pairs. Investors gain access to U.S. and international exchange-traded securities through Questrade, enabling them to directly purchase stocks like Apple and Vodafone. This feature is not available with Exness, which focuses more on forex trading and CFDs without the option for direct stock ownership.
Both brokers offer forex trading via CFDs or spot contracts and have provisions for trading cryptocurrency derivatives, although neither supports the purchase of actual cryptocurrencies. A key differentiator is Exness's copy trading feature, which allows investors to mimic the trades of successful traders, while Questrade does not offer this service. In terms of investment range, Questrade is highly rated with 5 stars and ranks 11th out of 62 brokers according to ForexBrokers.com, making it a standout choice for diverse investment options. Exness, with a rating of 3.5 stars and a rank of 56, offers a narrower investment scope.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 227 |
| Forex Pairs (Total) | 110 | 96 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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 Questrade and Exness for their trading platforms and tools, both brokers stand out by offering proprietary platforms and provide Windows-based desktop and web-based trading options. They also offer virtual demo accounts for paper trading, a feature favored by those who want to practice without financial risk. While both brokers have garnered a 4-star rating for their trading platforms, their offerings diverge in specific tools. Questrade does not support MetaTrader 4 or MetaTrader 5, unlike Exness. However, Questrade does offer DupliTrade, a tool not available with Exness, but lacks support for copy trading which Exness provides.
In terms of charting tools, Exness excels with 87 drawing tools compared to Questrade's 20; however, both allow for trading directly from the stock chart. When it comes to organizing and customizing watch lists, Questrade offers a more comprehensive experience with 52 columns for fields, surpassing Exness’s 7. Despite these differences, both brokers have similar overall rankings, with Exness slightly edging out Questrade at #31 compared to #34 in the Trading Platforms and Tools category by ForexBrokers.com. These insights mean traders might choose based on specific tool preferences and platform functionalities that align with their trading strategies.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 107 |
| Charting - Drawing Tools (Total) | 20 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Questrade and Exness provide solid options for traders using iPhones and Android devices. Each app offers the convenience of setting stock or forex price alerts and the capability to draw trendlines on charts while viewing various time frames, such as daily or weekly. However, Questrade has the edge in technical studies available in its app, offering 64 compared to Exness's 35. Additionally, Questrade automatically saves chart drawings, a feature Exness lacks.
Another notable difference is the synchronization of watchlists. Questrade excels with its symbol syncing feature, allowing seamless maintenance of watchlists across both its mobile app and online account. While both apps are rated 4 out of 5 stars for mobile trading, Exness slightly outperforms Questrade in ForexBrokers.com's ranking, coming in at 32 out of 62 brokers compared to Questrade’s rank of 34. Whether you prioritize advanced charting features or rely on real-time watchlist syncing, both apps provide user-friendly solutions for mobile trading.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and Exness for market research, there are notable differences in their offerings. Exness stands out with daily market commentary and access to forex news from top sources like Bloomberg and Reuters, which are not available with Questrade. On the other hand, Questrade provides research tools from Autochartist, a feature not present in Exness's toolset. Both brokers provide technical analytics through Trading Central and offer economic calendars to track global economic news.
Exness also offers a sentiment-based trading tool to assess market positions, whereas Questrade does not. Meanwhile, Questrade benefits from market research through TipRanks, which Exness lacks. Both brokers are equally rated for research with 3.5 stars, yet their rankings on ForexBrokers.com show Exness surpassing Questrade, with a 41st place ranking compared to Questrade's 51st. These differences highlight that while both platforms offer valuable research tools, their strengths lie in varying areas, catering to different trader needs.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between Questrade and Exness, both online brokers provide comprehensive learning materials with over 10 pieces each, focusing on forex and CFDs. This includes articles, videos, and archived webinars, ensuring a solid foundation for those new to trading. Both platforms offer searchable archives of previously recorded client webinars, allowing users to revisit and review past content at their convenience. Additionally, Questrade and Exness each supply more than 10 educational videos aimed directly at beginners, which cover various trading topics to help users get started with confidence.
However, there are some differences in their educational resources. Exness stands out by offering an investor dictionary featuring over 50 investing term definitions, a helpful tool for beginners learning the ropes. In contrast, Questrade lacks such a dictionary. Neither broker offers advanced educational videos specifically for experienced traders, nor do they host monthly online educational client webinars. Both Questrade and Exness receive a 3.5-star rating for education but are ranked differently by ForexBrokers.com, with Questrade at #36 and Exness at #47 out of 62 brokers, suggesting a slight edge for Questrade in this category.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Questrade is better than Exness. Questrade finished with an overall rank of #32, while Exness finished with an overall rank of #41.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 81 |
| Range of Investments |
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Neither Questrade nor Exness provides the option to buy actual delivered cryptocurrency, though both platforms offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Questrade and Exness, neither offers ACH or SEPA transfers, nor PayPal for depositing or withdrawing funds; however, Exness supports Skrill while both brokers allow transactions via Visa, Mastercard, and bank wires, making Exness slightly more versatile in payment options.
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 | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | Questrade Review | Exness Review |
| Broker Screenshots | Questrade | Exness | |
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| Regulation | Questrade | Exness | |
|---|---|---|---|
| Trust Score | 86 | 81 | |
| Year Founded | 2000 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| 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) | No | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | Questrade | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 227 | |
| Forex Pairs (Total) | 110 | 96 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | Questrade | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Exness | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 107 | |
| Charting - Drawing Tools (Total) | 20 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | Exness | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | Exness | |
|---|---|---|---|
| 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 | Questrade Review | Exness Review |
| Overall | Questrade | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | Questrade Review | Exness Review |
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