Written by ForexBrokers.com
In this head to head comparison of Questrade vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Questrade vs Spreadex: Questrade was founded in 2000 and Spreadex in 1999. Neither broker is publicly traded, and neither is a bank. In terms of regulation, both hold one Tier-1 license (considered highly trusted by ForexBrokers.com) and zero Tier-2 licenses, giving each a similar regulatory footprint.
According to ForexBrokers.com’s Trust Score (out of 99), Questrade scores 85 and Spreadex scores 70. On their scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted at all. That places Questrade in the trusted range and Spreadex in the average risk category, helping you compare their overall safety and regulatory standing at a glance.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Year Founded | 2000 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing commissions and fees, Spreadex comes out ahead of Questrade for most traders. Questrade Global is a spread-based broker, so its trading costs are built into the bid-ask spread rather than shown as a separate commission. While Questrade says spreads can start at 0.8 pips, real-world pricing was closer to 2.1 to 2.5 pips on major forex pairs, which can make trades more expensive. Questrade also adds a $9.95 USD fee per CFD unit, so costs can add up quickly. Questrade’s commissions and fees rating is 3.5 out of 5 stars, and it ranks #33 out of 36 brokers for this category.
Spreadex, by comparison, offers tighter forex pricing and a lower overall cost structure. In January 2024, its average spread on EUR/USD was 0.81 pips, with a minimum spread of 0.6 pips available 60% of the time during the month. That makes Spreadex a more affordable option for traders who want to keep costs down, especially on frequent forex trades. Spreadex earns 4 out of 5 stars for commissions and fees and is ranked #25 out of 36 brokers by ForexBrokers.com in this category.
In simple terms, if low trading costs are your priority, Spreadex is the better pick between the two. Questrade may work for some traders, but its wider spreads and extra CFD charges can make it more expensive overall. Spreadex offers more competitive pricing and a stronger commissions and fees rating, making it the better choice for cost-conscious traders.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Spreadex for range of investments, both brokers support forex trading and each offers 5-star ratings for investment selection. Questrade provides 675 tradeable symbols and 110 forex pairs, while Spreadex gives access to a much larger overall list of 10,000 tradeable symbols but only 52 forex pairs. In ForexBrokers.com’s Range of Investments category, Questrade ranks #12 out of 36 brokers, just ahead of Spreadex at #13.
Neither broker offers real shares on U.S. or international exchanges, and neither supports copy trading or the purchase of actual cryptocurrency. The main difference is that Spreadex does offer cryptocurrency CFDs, while Questrade does not. For traders who want a wider list of markets, Spreadex stands out on total symbols, while Questrade may appeal more to those looking for a greater number of forex pairs.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 10000 |
| Forex Pairs (Total) | 110 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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 Spreadex both give traders a choice of web-based platforms and both offer free paper trading, so each lets you practice before risking real money. They also each have a proprietary platform and allow trading directly from charts. Neither broker supports copy trading or MetaTrader 4 or MetaTrader 5. In ForexBrokers.com’s Trading Platforms and Tools category, both are rated 4 out of 5 stars, though Questrade is ranked higher overall at #28 out of 36 brokers, compared with Spreadex at #34.
The main difference is that Questrade also offers a Windows desktop trading platform, while Spreadex does not. That extra desktop option may matter if you prefer a downloadable program over browser trading. For traders comparing platform choice and convenience, Questrade has the edge on software variety, while Spreadex still covers the basics well with its web platform, in-house tools, and demo account.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Spreadex both give traders mobile access on iPhone and Android, and both apps support stock or forex price alerts. Each platform also lets users draw trendlines on charts. Where Questrade stands out is with watchlist syncing between the mobile app and online account, plus 64 technical studies for charting and automatic saving of chart drawings. Spreadex does not offer watchlist syncing, and chart study details are not listed.
In terms of user ratings, Spreadex scores slightly higher for mobile trading apps at 4 stars, while Questrade holds 3.5 stars. However, Questrade ranks better overall in ForexBrokers.com’s mobile trading apps category, placing #28 out of 36 brokers, compared with Spreadex at #33. For traders who want stronger chart tools and synced watchlists, Questrade may have the edge, while Spreadex may appeal to those focused on a simpler mobile trading experience.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade vs Spreadex for market research, Spreadex has the edge overall. It offers daily market commentary, forex news from top sources like Bloomberg and Reuters, a sentiment tool, and an economic calendar, which can make it easier for everyday traders to follow the market. Spreadex is also rated 4 out of 5 stars for Research and ranks #27 out of 36 brokers at ForexBrokers.com.
Questrade still gives traders useful research support, including Autochartist, Trading Central tools, and TipRanks, but it does not provide daily market commentary, top-tier forex news, sentiment data, or an economic calendar. That makes its research lineup more limited in some key areas. Questrade is rated 3.5 out of 5 stars for Research and ranks #34 out of 36 brokers at ForexBrokers.com.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Questrade and Spreadex for beginner-friendly learning tools, Spreadex comes out ahead for educational content aimed at new traders. Spreadex offers at least 10 beginner trading videos, while Questrade does not meet that mark. Spreadex also provides forex or CFDs education with enough material to satisfy the minimum 10-piece threshold, but Questrade does not. Neither broker offers online educational client webinars on a monthly basis, and neither one has at least 10 advanced videos for more experienced traders.
In overall education quality, Spreadex is rated 4 out of 5 stars, compared with 3.5 stars for Questrade. However, Questrade is ranked higher by ForexBrokers.com in the Education category, placing #28 out of 36 brokers versus Spreadex at #33. For beginners who want more trading videos and forex or CFDs learning content, Spreadex may be the better fit, while Questrade still provides a decent but more limited education section.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Spreadex. Questrade finished with an overall rank of #29, while Spreadex finished with an overall rank of #32.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 70 |
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In a Questrade vs Spreadex comparison for cryptocurrency access, both brokers do not offer buying actual (delivered) crypto, but while Questrade also lacks crypto CFDs, Spreadex provides cryptocurrency trading via CFDs.
Questrade vs Spreadex: both online brokers support bank wire deposits and withdrawals but do not offer ACH/SEPA, PayPal, or Skrill, while Visa/Mastercard availability is not specified.
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 | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
| Broker Screenshots | Questrade | Spreadex | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 70 | |
| Year Founded | 2000 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | 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 | No |
| Tier-2 Licenses (Trusted) | Questrade | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 10000 | |
| Forex Pairs (Total) | 110 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | Spreadex Review |
| Overall | Questrade | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
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