Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FOREX.com (founded 1999) vs Questrade (founded 2000): FOREX.com is publicly traded, while Questrade is privately held; neither is a bank. In regulation, FOREX.com holds seven Tier-1 licenses (highly trusted by ForexBrokers.com) and two Tier-2 licenses (trusted), compared with Questrade’s one Tier-1 and zero Tier-2 licenses.
Trust Score: ForexBrokers.com rates FOREX.com at 99/99 and Questrade at 85/99. On this scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. In short, FOREX.com reaches the highest trust tier with wider regulatory coverage, while Questrade is trusted but with fewer top-tier approvals.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, FOREX.com comes out ahead of Questrade. FOREX.com is rated 4.5 out of 5 stars and ranks #15 out of 36 brokers for this category. Its Standard account can be pricier because the cost is built into wider spreads, while its RAW account uses lower spreads plus a commission. For U.S. traders, the RAW account can still end up costing about the same as the Standard account unless you trade a very high monthly volume. Outside the U.S., FOREX.com’s pricing can be more competitive, with tighter typical spreads on major pairs like EUR/USD.
Questrade is rated 3.5 out of 5 stars and ranks #33 out of 36 brokers for commissions and fees. It uses spread-based pricing, so there is no separate forex commission, but the spread itself can be wider than many competitors. While Questrade says spreads can start as low as 0.8 pips in normal market conditions, real-world pricing for major pairs has often been closer to 2.1 to 2.5 pips, which can make trades more expensive. Its CFD pricing can also add up quickly because of the spread plus a $9.95 USD fee per unit.
Overall, FOREX.com is the better choice for traders who want lower trading costs and more pricing options, especially if they trade actively or outside the U.S. Questrade may feel simpler because its costs are built into the spread, but its fees are generally less competitive. If keeping trading costs down is a priority, FOREX.com has the edge over Questrade.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 1.13 | 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, FOREX.com offers a wider menu than Questrade. FOREX.com supports forex trading, plus a much larger total list of tradeable symbols at 5,500 compared with Questrade’s 675. It also offers more in the way of investing choice, including 80 forex pairs, U.S. and international exchange-traded securities, and cryptocurrency CFDs. Questrade also offers forex trading, but it does not provide U.S. or international exchange-traded securities, copy trading, or cryptocurrency CFDs.
Both brokers earn 5 out of 5 stars for Range of Investments, but FOREX.com is ranked higher overall by ForexBrokers.com, placing #6 out of 36 brokers versus Questrade at #12. For traders looking for a broader mix of markets and product types, FOREX.com has the edge, while Questrade offers a smaller selection with a stronger focus on forex pairs, listing 110 compared with FOREX.com’s 80.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 675 |
| Forex Pairs (Total) | 80 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | 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.
FOREX.com and Questrade both give traders a strong set of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, and a web-based trading platform. Both also let users place trades directly from a stock chart. In addition, neither broker offers copy trading, so traders looking for social or mirror-style trading will not find it at either firm.
The biggest difference is in third-party platform support: FOREX.com offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not support either one. That extra flexibility, along with FOREX.com's 5-star rating and #5 ranking for Trading Platforms and Tools from ForexBrokers.com, gives it an edge over Questrade, which is rated 4 stars and ranked #28 in the same category.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 90 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and Questrade both make it easy to trade on the go, since each offers iPhone and Android apps, stock and forex price alerts, and watchlist syncing between the mobile app and online account. Both apps also let users draw trendlines on charts and automatically save those drawings, which helps keep chart work in place when switching devices. For everyday mobile trading needs, the two platforms cover the core basics well.
Where FOREX.com stands out is in charting and overall app quality. Its mobile app includes 90 technical studies, compared with 64 at Questrade, giving traders more tools to analyze price moves from their phones. That extra depth shows in the ratings too: FOREX.com earns 5 stars for Mobile Trading Apps and ranks #2 out of 36 brokers in this category, while Questrade is rated 3.5 stars and ranks #28. If mobile charting and app experience matter most, FOREX.com has the edge.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 90 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FOREX.com has the edge over Questrade. FOREX.com offers daily market commentary, forex news from leading sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows long-versus-short positioning, and an economic calendar for tracking major global events. It also includes Trading Central research tools, which can help traders spot opportunities. Questrade, by comparison, does not offer daily market commentary, top-tier forex news, sentiment tools, or an economic calendar, though it does provide research from Trading Central, Autochartist, and TipRanks.
Overall, FOREX.com is rated 5 stars for research and ranks #7 out of 36 brokers in ForexBrokers.com’s research category, while Questrade earns 3.5 stars and ranks #34. For traders who want more market news, analysis, and built-in research features, FOREX.com is the stronger choice. Questrade still offers useful tools, but its research lineup is more limited.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com stands out ahead of Questrade. FOREX.com offers forex and CFD learning materials, at least one online client webinar each month, and plenty of video content for both new and experienced traders. It provides 10 or more beginner-focused videos, plus 10 or more advanced videos, giving beginners and growing traders more chances to learn at their own pace. This strong education offering is reflected in its 5-star Education rating and its #4 ranking out of 36 brokers by ForexBrokers.com.
Questrade also provides some educational support, but it falls behind FOREX.com in key beginner-friendly areas. Based on the information provided, Questrade does not meet the same level of forex or CFD education content, does not offer monthly educational webinars, and does not have 10 or more beginner or advanced trading videos. Its Education rating is 3.5 stars, and it ranks #28 out of 36 brokers for Education, making FOREX.com the clearer choice for beginners looking for more trading education online.
| Feature |
FOREX.com
|
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 FOREX.com is better than Questrade. FOREX.com finished with an overall rank of #4, while Questrade finished with an overall rank of #29.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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In a FOREX.com vs Questrade cryptocurrency trading comparison, neither broker supports buying actual (delivered) cryptocurrencies, but only FOREX.com offers cryptocurrency CFDs while Questrade does not.
Compared to Questrade, FOREX.com supports more convenient funding options—ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers—while Questrade only offers bank wires and does not support ACH/SEPA, PayPal, or Skrill.
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 | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
| Broker Screenshots | FOREX.com | Questrade | |
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| Regulation | FOREX.com | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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 | No |
| Investments | FOREX.com | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 675 | |
| Forex Pairs (Total) | 80 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | 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 | FOREX.com | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 1.13 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | FOREX.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FOREX.com | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | FOREX.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 90 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FOREX.com | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | Questrade Review |
| Overall | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
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