Written by ForexBrokers.com
In this head to head comparison of Trading 212 vs Questrade, 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.
Founded in 2004, Trading 212 and Questrade, established in 2000, are both significant players in the online brokerage landscape. While neither platform is publicly traded or operates as a bank, they differ slightly in their regulatory standings. Trading 212 holds three Tier-1 licenses, signaling a strong regulatory foundation, but has an overall Trust Score of 80, categorizing it as trusted according to ForexBrokers.com. This underscores a reliable, although slightly more cautious, reputation among users.
Questrade, on the other hand, is backed by a Trust Score of 86, reflecting a high level of trust. This higher score is achieved with the aid of its two Tier-1 licenses. While both brokers maintain a trusted status, Questrade enjoys a slight edge in trust perception, potentially offering users a bit more peace of mind when it comes to securing their investments and navigating the trading landscape safely.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Year Founded | 2004 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
In the realm of online trading, both Trading 212 and Questrade present unique offerings in terms of commissions and fees. Trading 212 offers two types of accounts, but let's focus on the CFD account, which requires a minimum deposit of 10 euros. Although Trading 212 promotes zero-commission trading, users should be aware of the spreads when trading CFDs and Forex. For instance, in April 2025, the average spread for the EUR/USD pair was reported at 2.7 pips, which is notably higher than the typical industry rates. This places Trading 212 at a disadvantage compared to leading brokers in this space. On a positive note, Trading 212 has started publishing its average spread data to enhance pricing transparency.
Questrade, another choice for traders, offers a target spread on the EUR/USD pair at 1.9 pips, which is also considered steep when compared to the industry average. Both brokers have room for improvement in terms of offering competitive spreads, which can significantly impact trading costs. For those considering these platforms, it's crucial to weigh these factors against other features that may be important for your trading experience.
When rated on commissions and fees, Trading 212 earns 4 out of 5 stars, whereas Questrade receives 3 out of 5 stars. In a broader comparison by ForexBrokers.com, Trading 212 ranks 49th out of 63 brokers, while Questrade ranks slightly lower at 58th. These rankings highlight how both platforms have different strengths and weaknesses when it comes to pricing structures, making it essential for traders to carefully consider their individual trading needs and priorities.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Minimum Deposit | €1 | $250 |
| Average Spread EUR/USD - Standard | 2.7 | N/A |
| All-in Cost EUR/USD - Active | 2.7 | N/A |
| Active Trader or VIP Discounts | ||
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Trading 212 and Questrade, both platforms cater to a diverse set of trading interests. Trading 212 stands out with an extensive selection of 7,868 tradeable symbols, including 146 forex pairs, offering more variety for traders looking for expansive options in both securities and CFDs. On the other hand, Questrade offers a smaller portfolio with 641 tradeable symbols and 110 forex pairs, but still provides a comprehensive selection for traders. Both platforms allow users to purchase exchange-traded securities on U.S. and international exchanges, including well-known companies like Apple and Vodafone. Additionally, they both support cryptocurrency derivatives trading, although they do not offer actual cryptocurrency purchases or copy trading features for investors.
Rated five stars for their range of investments, both Trading 212 and Questrade excel in providing diverse opportunities for traders. However, according to ForexBrokers.com, Questrade ranks slightly higher at #11 compared to Trading 212's rank of #15 among 63 brokers in the same category. This slight edge might appeal to traders who prioritize a more finely curated selection and recognition among online broker platforms. Regardless, both brokers offer solid choices for those seeking a wide array of investment options.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7868 | 641 |
| Forex Pairs (Total) | 146 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | ||
| Cryptocurrency (Physical) | ||
| 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 it comes to online trading platforms, both Trading 212 and Questrade cater to users looking for dependable tools and features. Trading 212 offers a simulated trading experience through a free virtual demo account, helping users get accustomed to its functionalities. It also provides a proprietary platform developed in-house accessible via a web browser, making it convenient for users on different devices. In terms of charting tools, Trading 212 offers 20 drawing tools but lacks more advanced features like copy trading or MetaTrader support. However, users can trade directly from a stock chart, and create a watchlist with up to five customizable fields.
Questrade also supports a free virtual demo account, giving traders a risk-free way to practice trading. It boasts an in-house platform available as a Windows desktop download and web-based platform, thus offering a flexible trading experience. While it does not offer copy trading or MetaTrader versions, Questrade supports DupliTrade for social trading fans. Users will appreciate its extensive charting options with 20 drawing tools, the ability to trade directly from charts, and a highly customizable watchlist with 52 available fields. Despite these features, both platforms have earned a similar rating of 4 out of 5 stars. Notably, Trading 212 is ranked higher at number 20 compared to Questrade's rank at 34 in the Trading Platforms and Tools category by ForexBrokers.com.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | ||
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 54 | 64 |
| Charting - Drawing Tools (Total) | 20 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trading 212 and Questrade provide versatile mobile trading apps for iPhone and Android users, offering essential features like stock and forex price alerts, watchlist syncing, and the option to draw trendlines on charts. With both apps, changes made to watchlists or charts on your mobile device are seamlessly reflected in your online account. Furthermore, they both allow you to view a variety of time frames like daily, weekly, or intraday on stock or forex charts, and also provide the convenience of auto-saving drawings on these charts. Real-time quote watchlists are a feature on both platforms, catering to traders looking to make timely investment decisions.
When it comes to technical analysis features, Trading 212 leads with 104 technical studies available in its app, compared to Questrade's 64. Despite similar offerings, this difference may appeal to users who want a more detailed analytical capability. Both apps have received positive feedback, achieving a four-star rating for mobile trading apps. However, according to ForexBrokers.com, Trading 212 is ranked higher in the mobile trading apps category, securing the 17th spot out of 63 brokers, compared to Questrade’s 34th rank. This higher ranking suggests that Trading 212's app may offer a slightly more favorable experience for users seeking a comprehensive mobile trading platform.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| 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.
Trading 212 and Questrade, both prominent online brokers, offer valuable tools and resources for market research, but they cater to different needs. Trading 212 excels in providing forex news from top-tier sources like Bloomberg and Reuters, and it includes a sentiment-based trading tool that tracks long and short positions across currency pairs. It also offers an economic calendar, helping traders keep track of global events. While it does not offer daily market commentary or tools from Autochartist and Trading Central, it still manages to secure a research rating of 3.5 stars.
Questrade, on the other hand, offers an impressive array of technical analysis tools from renowned companies like Autochartist and Trading Central, as well as market research insights from TipRanks. Additionally, Questrade provides its users with an economic calendar, ensuring they are well-informed about current and upcoming economic events. However, it lacks daily market commentary and sentiment-based trading tools. Despite these differences, Questrade also earns a 3.5-star rating for research. When ranked by ForexBrokers.com, Trading 212 is positioned slightly better at #44, while Questrade follows at #51, indicating marginal differences tailored to specific trading preferences.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Trading 212 and Questrade both provide a solid range of materials, making it easier for newcomers to understand forex and CFDs. Both platforms offer more than 10 educational pieces, such as articles, videos, and archived webinars, to help beginners navigate the trading world. They also maintain a searchable archive of these webinars, allowing users to revisit lessons whenever they need. Moreover, each broker hosts a substantial number of beginner-friendly videos, ensuring new traders can find comprehensive content tailored to their initial needs.
While both Trading 212 and Questrade receive a 3.5-star rating for education, Trading 212's education offerings extend slightly further with advanced video tutorials and an extensive investor dictionary featuring over 50 investment terms. Despite both brokers offering valuable resources, Trading 212 edges out in the ForexBrokers.com ranking, standing at #20 compared to Questrade's #36. This difference highlights Trading 212’s broader educational offerings for those seeking to deepen their understanding of trading concepts.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trading 212 is better than Questrade. Trading 212 finished with an overall rank of #31, while Questrade finished with an overall rank of #32.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 80 | 86 |
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Trading 212 and Questrade both offer the ability to buy cryptocurrency derivatives, though neither platform provides the option to purchase actual delivered cryptocurrency.
When comparing online brokers, Trading 212 offers multiple deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, whereas Questrade supports Visa or Mastercard and bank wires only, with no ACH, SEPA, PayPal, or Skrill options available.
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 | Trading 212 | Questrade | |
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| Trust Score | 80 | 86 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Questrade Review |
| Broker Screenshots | Trading 212 | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Trading 212 | Questrade | |
|---|---|---|---|
| Trust Score | 80 | 86 | |
| Year Founded | 2004 | 2000 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Trading 212 | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Trading 212 | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7868 | 641 | |
| Forex Pairs (Total) | 146 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | |||
| Cryptocurrency (Physical) | |||
| 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 | Trading 212 | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 2.7 | N/A | |
| All-in Cost EUR/USD - Active | 2.7 | N/A | |
| Active Trader or VIP Discounts | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | Trading 212 | Questrade | |
|---|---|---|---|
| Minimum Deposit | €1 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | |||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Trading 212 | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | ||
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | |||
| MetaTrader 4 (MT4) | |||
| MetaTrader 5 (MT5) | |||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Trading 212 | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 52 | |
| Charting - Indicators / Studies (Total) | 54 | 64 | |
| Charting - Drawing Tools (Total) | 20 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | Questrade | |
|---|---|---|---|
| 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 | 104 | 64 | |
| 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 | Trading 212 | Questrade | |
|---|---|---|---|
| Daily Market Commentary | |||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | Trading 212 | Questrade | |
|---|---|---|---|
| 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 | Trading 212 Review | Questrade Review |
| Overall | Trading 212 | Questrade | |
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| Trust Score | 80 | 86 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Questrade Review |
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