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 Questrade and Exness for their commissions and fees, Questrade presents a less favorable option with their targeting spreads, such as 1.9 pips on EUR/USD, which are higher than the industry average. This leads to a rating of 3 stars in the commissions and fees category, ranking it at #57 out of 62 brokers as per ForexBrokers.com.
Exness offers a more versatile approach with five main account types, including two standard and three professional accounts. Additionally, there are two social copy trading account types for traders interested in strategy sharing. The trading costs vary depending on the chosen account type, with commission-based accounts offering lower spreads than their commission-free counterparts. Market execution is utilized by all accounts except the Pro account, which provides both instant and market execution. This flexibility and competitive pricing earn Exness a higher rating of 4 stars for commissions and fees, placing it at #35 among 62 brokers according to ForexBrokers.com.
| 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.
When it comes to the variety of investments available, Questrade and Exness offer different experiences. Questrade stands out by providing 641 tradable symbols, including 110 forex pairs. In contrast, Exness offers 227 tradable symbols, with 96 forex pairs. For those interested in exchange traded securities, Questrade allows clients to purchase U.S. stocks such as Apple and international shares like Vodafone. Exness, however, does not offer the option to buy individual stocks on U.S. or international exchanges.
If you are interested in alternative trading options, both Questrade and Exness offer forex trading as a CFD or spot contract, as well as cryptocurrency derivatives. While Questrade does not support copy trading, Exness includes this feature, appealing to those who prefer to follow other traders’ strategies. Questrade is highly rated with 5 stars and ranked #11 by ForexBrokers.com for its range of investments. Exness receives a 3.5-star rating and is ranked #55 in the same category. These distinctions make Questrade a more comprehensive choice for investors seeking extensive market access.
| 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.
Questrade and Exness both provide traders with simulated trading capabilities through free virtual demo accounts. Each broker has developed its own proprietary trading platform and offers a desktop download option for Windows users, alongside web-based trading platforms for accessibility from any browser. However, when it comes to copy trading, Exness supports it, offering MetaTrader 4 and 5 integration, while Questrade does not. Instead, Questrade supports DupliTrade, providing a unique trading experience.
In terms of charting tools and features, Exness offers an impressive 87 drawing tools compared to Questrade's 20, but both brokers allow trading directly from stock charts. Additionally, Questrade excels with a comprehensive 52 columns for watchlists, significantly more than Exness’s 7 columns. Rated four stars each for their trading platforms and tools, Exness holds a slightly higher rank at #26, while Questrade is #34 out of 62 brokers on ForexBrokers.com. These rankings highlight the varied strengths of each broker, tailoring to different trading preferences and needs.
| 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 choosing between Questrade and Exness for mobile trading, both platforms offer apps compatible with iPhone and Android devices. They provide stock and forex price alerts, ensuring you stay updated with market changes. However, Questrade allows for seamless watchlist synchronization between its mobile app and online account, a feature not available with Exness. In terms of charting capabilities, Questrade stands out by offering 64 technical studies compared to Exness's 35, and both platforms facilitate drawing trendlines and viewing multiple time frames on charts. Questrade's app additionally auto-saves chart drawings, whereas Exness does not.
Creating a watchlist with real-time quotes is possible on both mobile platforms, reflecting their attention to real-time market updates. Despite Exness being ranked higher by ForexBrokers.com for mobile trading apps (#26 versus Questrade's #34), both have earned a solid four-star rating out of five in this category. These ratings illustrate each broker's reliable performance, making them commendable choices for mobile trading needs. Consider these aspects to determine which platform aligns more closely with your trading preferences. "
| 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 #43.
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 |
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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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