Written by ForexBrokers.com
In this head to head comparison of Questrade vs FXGT.com, 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, established in 2000, offers a reliable platform for traders, with a strong regulatory backing that enhances its credibility. While it is not publicly traded or a bank, the online broker holds two Tier-1 licenses, which contribute to a Trust Score rating of 86 out of 99, classifying it as a trusted broker according to ForexBrokers.com. This high level of regulatory compliance reassures users of its safety and reliability in the trading landscape.
On the other hand, FXGT.com, founded in 2019, presents a newer option for traders but has lower regulatory backing. Also not publicly traded or a bank, FXGT.com holds one Tier-1 license and one Tier-2 license, resulting in a ForexBrokers.com Trust Score of 69. This score places it in the high-risk category, suggesting potential traders proceed with caution compared to more established and trusted options like Questrade.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Year Founded | 2000 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees at Questrade and FXGT.com, both brokers provide distinct pricing structures. Questrade targets a spread of 1.9 pips on the EUR/USD currency pair, which is relatively high compared to the industry average. This could lead to higher trading costs for those frequently trading this popular pair. For its overall commission and fee structure, Questrade receives a rating of 3 out of 5 stars, ranking it at 57th out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
FXGT.com, on the other hand, doesn't make average spread data readily available, making it challenging for traders to gauge potential trading expenses in advance. Despite this lack of transparency, FXGT.com achieves a slightly higher rating than Questrade, with 3.5 out of 5 stars for its commission and fee arrangements. This puts FXGT.com at the 55th position among 62 brokers according to ForexBrokers.com rankings in this category.
In summary, both Questrade and FXGT.com have room for improvement in their commission and fee structures. While Questrade's specific spread details might deter some traders due to its relatively high cost, FXGT.com's unpublished spread data might attract or deter others based on their comfort with less immediate cost information. Ultimately, the choice between these brokers could depend on individual preferences and trading strategies.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $250 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options available on Questrade and FXGT.com, Questrade stands out with a wider range of offerings. Questrade provides access to 641 tradeable symbols and 110 forex pairs, allowing for a broad selection of investments. Notably, Questrade also enables users to trade exchange-traded securities on both U.S. and international exchanges, meaning clients can buy shares of well-known companies like Apple and Vodafone directly. While Questrade does not offer copy trading or actual cryptocurrency purchases, it does provide options for cryptocurrency derivatives. Overall, Questrade receives a strong rating of 5 stars and ranks 11th out of 62 brokers for its range of investments.
FXGT.com, on the other hand, offers a more limited selection with 117 tradeable symbols and 53 forex pairs. Unlike Questrade, FXGT.com does not provide options for trading exchange-traded securities on U.S. or international exchanges, excluding direct investments in companies like Apple and Vodafone. However, FXGT.com does offer copy trading services, appealing to investors interested in mirroring strategies. Similar to Questrade, FXGT.com provides access to cryptocurrency derivatives but not actual cryptocurrencies. FXGT.com holds a rating of 3 stars and is ranked 60th out of 62 brokers for its investment range, reflecting its more constrained options compared to Questrade.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 117 |
| Forex Pairs (Total) | 110 | 53 |
| 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 FXGT.com both cater to traders with distinct features in their trading platforms and tools. For beginners or those wanting to test strategies, both brokers offer a free virtual demo account. Questrade provides a proprietary platform that is downloadable on Windows, alongside a web-based option. On the other hand, FXGT.com does not have a proprietary platform but does support the popular MetaTrader 4 and MetaTrader 5 platforms, both of which are available on Windows and web-based interfaces. When it comes to simplicity in trading, FXGT.com supports copy trading, a feature Questrade lacks. However, Questrade offers DupliTrade, which is not available with FXGT.com.
Charting tools are essential for informed trading decisions, and here, FXGT.com edges slightly ahead with 23 drawing tools compared to Questrade's 20. Both platforms allow trading directly from stock charts, streamlining the process for traders. Watchlist enthusiasts may prefer Questrade, which offers 52 fields for watchlists, compared to FXGT.com's 5 fields. Despite these nuances, both platforms are evenly rated at 4 out of 5 stars for Trading Platforms and Tools, although Questrade ranks higher at #34 compared to FXGT.com’s #56 in ForexBrokers.com's listing of 62 brokers. These factors collectively underline the tailored experiences each broker offers, catering to varied trading preferences.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Questrade and FXGT.com provide mobile trading apps for iPhone and Android users, making it convenient for traders to manage their investments on the go. Both platforms allow users to set stock or forex price alerts, create watchlists with real-time quotes, and sync watchlist symbols with their online accounts for seamless access across devices. Users can also draw trendlines on charts and view multiple time frames such as daily, weekly, or intraday, with both apps automatically saving chart drawings.
When it comes to charting capabilities, Questrade offers a more extensive range of technical studies, providing 64 options compared to FXGT.com's 30. Questrade's mobile app holds a higher user rating of 4 stars out of 5, and ranks #34 out of 62 brokers for mobile trading apps according to ForexBrokers.com. In comparison, FXGT.com receives a slightly lower rating of 3.5 stars and is ranked #58. This suggests that while both apps offer essential trading features, Questrade's app might be preferred by users looking for more advanced charting tools and overall experience.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and FXGT.com for market research capabilities, both platforms have room for improvement, particularly in providing daily market commentary and accessing top-tier forex news from high-profile sources such as Bloomberg or Reuters. However, Questrade stands out by offering technical analysis and research tools from Autochartist and Trading Central, giving traders valuable resources for making informed decisions. Additionally, Questrade users have access to market research from TipRanks, which adds another layer of insight not available on FXGT.com. On the other hand, FXGT.com distinguishes itself by offering a sentiment-based trading tool that provides a ratio of long or short positions across currency pairs, aiding traders in gauging market sentiment.
Both brokers provide an economic calendar to keep users updated on global news events, which is crucial for those monitoring market-moving developments. In terms of ratings, Questrade receives a slightly higher score of 3.5 stars as opposed to FXGT.com's 3 stars, reflecting its broader array of research tools and services. The rankings by ForexBrokers.com place Questrade at #51 and FXGT.com at #56 out of 62 brokers, indicating a slight edge for Questrade in the research category. Each platform has unique offerings, so traders may choose based on the specific tools they prioritize in their trading strategies.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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 it comes to educational resources for beginners, Questrade offers a comprehensive selection of materials aimed at helping novice traders get started in the world of forex and CFDs. With a minimum of 10 educational pieces, including articles, videos, and archived webinars dedicated to forex and CFD topics, Questrade provides valuable resources for those new to trading. Additionally, Questrade makes it easier for beginners to access and revisit learning materials with a searchable archive of previously recorded client webinars. They also offer at least 10 beginner-focused educational videos that cover essential trading topics, ensuring that learners can build a solid foundation in trading.
In contrast, FXGT.com falls short in providing the same level of resources for forex and CFD education, lacking the minimum of 10 educational pieces in these areas. While FXGT.com does not offer recorded webinars or a series of beginner videos like Questrade, they do provide an investor dictionary with over 50 investing terms, which can be a helpful tool for understanding trading jargon. Despite this, FXGT.com's overall educational offerings are rated slightly lower, with 3 stars compared to Questrade's 3.5 stars. In the ForexBrokers.com education category ranking, Questrade holds the 36th position out of 62 brokers, significantly outperforming FXGT.com, which ranks at #59.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXGT.com. Questrade finished with an overall rank of #32, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both Questrade and FXGT.com provide the option to trade cryptocurrency derivatives, yet they do not offer the ability to purchase actual delivered cryptocurrency.
When comparing online brokers Questrade and FXGT.com, both platforms support Visa or Mastercard and bank wires for funding and withdrawals, while only FXGT.com offers the additional option of ACH or SEPA transfers; neither support PayPal or Skrill for transactions.
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 | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | FXGT.com | |
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| Regulation | Questrade | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2000 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | Questrade | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 117 | |
| Forex Pairs (Total) | 110 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $250 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Questrade | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 5 | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | FXGT.com | |
|---|---|---|---|
| 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 | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | Questrade | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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