Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Comparing online brokers, Vantage was founded in 2009 and Questrade in 2000. Both firms remain privately held and not listed on any stock exchange. Neither operates as a bank. In terms of reliability and regulation, Vantage and Questrade both hold two highly trusted Tier-1 licenses. However, Vantage also possesses one Tier-2 license, contributing to its strong regulatory standing.
When assessed by ForexBrokers.com, Vantage earns a Trust Score of 90, indicating a highly trusted status. Meanwhile, Questrade receives a Trust Score of 86, placing it in the trusted category. These scores reflect their commitment to maintaining regulatory compliance and providing secure trading experiences for their clients.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Year Founded | 2009 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
Vantage offers a range of account types with different fee structures to meet the varying needs of traders. Their Standard STP account has a spread-only model with typical spreads of 1.30 pips on the EUR/USD. The commission-based RAW ECN account offers average spreads of 0.15 pips, with an additional commission of $3 per side, resulting in a total effective cost of 0.75 pips. For those eligible, the PRO ECN account provides the most competitive rates with a per-side commission of $2, but account opening requirements differ based on the regulating entity. Australian clients must qualify to be categorized as wholesale clients or, if opening through the Cayman Islands, deposit a minimum of $10,000. Additionally, the active trader program offers rebates based on account balance and trading volume. Vantage is rated 4.5 stars for commissions and fees and ranks 19th out of 62 brokers by ForexBrokers.com.
Questrade has a slightly different pricing approach with target spreads of 1.9 pips on the EUR/USD, which are higher than the industry average. This might make it less appealing to cost-sensitive traders who are likely to find more attractive options elsewhere. Though their service might meet the needs of some traders, when compared with market leaders, Questrade's pricing strategy could benefit from adjustment to stay competitive. The broker's commissions and fees rating stands at 3 stars, positioning it at 57th out of 62 globally ranked brokers, according to ForexBrokers.com.
In summary, while both Vantage and Questrade offer different account types and fee structures, Vantage clearly holds an edge with its more competitive pricing, especially for seasoned traders who can meet the PRO ECN account requirements. The additional active trader program at Vantage could provide financial incentives that further increase its appeal. Currently, Vantage's higher rating and better ranking in the commissions and fees category reflect a more cost-effective and trader-friendly offering.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| 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 investment options, Vantage and Questrade each cater to different trading preferences. Vantage offers a broader selection with 1,000 tradeable symbols and 61 forex pairs, providing opportunities for those interested in contracts for difference (CFDs), forex trading, and cryptocurrency derivatives. However, they do not facilitate the purchase of exchange-traded securities on U.S. or international exchanges, nor do they offer actual cryptocurrency trading. Vantage appeals to traders seeking copy trading capabilities, adding flexibility for users who benefit from following successful traders' strategies.
On the other hand, Questrade presents a more diverse array of traditional investment options with 641 tradeable symbols and an impressive 110 forex pairs. It shines in its provision of exchange-traded securities on both U.S. and international markets, allowing clients to buy shares like Apple or Vodafone. Although Questrade does not offer copy trading, it supports cryptocurrency derivatives. With a higher rating for its range of investments, 5 stars, and a strong ranking position, #11, on ForexBrokers.com, Questrade is well-suited for investors looking to access a wide range of traditional and derivative markets.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 641 |
| Forex Pairs (Total) | 61 | 110 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
Vantage and Questrade both provide comprehensive trading platforms suitable for a wide range of traders. They each offer simulated trading accounts, enabling users to practice strategies without financial risk. Both brokers feature proprietary platforms and cater to Windows users with desktop software, as well as web-based platforms accessible through any browser. However, Vantage stands out by offering copy trading and compatibility with the popular MetaTrader 4 and 5 platforms — features not available with Questrade. In terms of third-party trading tools, both provide access to DupliTrade, yet neither supports ZuluTrade.
When considering charting features, Questrade edges out Vantage with more drawing tools available (20 compared to Vantage's 15) and provides an extensive 52 fields for customizable watch lists, compared to Vantage's 7. Both platforms allow traders to execute trades directly from stock charts. While Vantage and Questrade each earn strong four-star ratings for their trading platforms and tools, Vantage is ranked higher at #21 compared to Questrade's #34, according to ForexBrokers.com. This ranking suggests that while both are capable platforms, Vantage offers a slightly more comprehensive suite of tools and features.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Vantage and Questrade offer solid options for iPhone and Android users, with the added convenience of stock and forex price alerts available in both apps. One notable distinction between the two is that Questrade allows users to sync their watchlist symbols between their mobile app and online account, which is a feature Vantage lacks. In terms of charting capabilities, Questrade provides an impressive selection of 64 technical studies compared to Vantage's 30, though both apps allow users to draw trendlines and view multiple time frames on a chart.
Both Vantage and Questrade also offer the ability to create watchlists with real-time quotes and ensure that any drawings you make on charts are automatically saved. Despite these similarities, their mobile app rankings differ slightly, with Vantage securing the #27 spot and Questrade placed at #34 according to ForexBrokers.com. Overall user satisfaction is on par, as both apps received a respectable 4-star rating for mobile trading. Whether your focus is on syncing capabilities or comprehensive charting features, both platforms offer competitive tools for traders on the go.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When evaluating the market research offerings of Vantage and Questrade, several key distinctions become apparent. Vantage provides daily market commentary and access to forex news from top-tier sources such as Bloomberg and Reuters, which are resources not available with Questrade. Both platforms do offer technical and fundamental analysis tools from Autochartist and Trading Central, ensuring users have access to powerful analytical resources. However, Vantage further distinguishes itself by offering a sentiment-based trading tool, absent in Questrade, allowing traders to gauge the mood of the market across currency pairs.
While Questrade provides market research insights through TipRanks, a feature that Vantage lacks, Vantage complements its offerings with a comprehensive economic calendar outlining current and upcoming global news events, a feature also available with Questrade. With these services in mind, Vantage receives a research rating of 4 stars and ranks 21st out of 62 brokers, notably surpassing Questrade's 3.5-star rating and 51st rank. This comparison highlights Vantage’s broader scope of market research tools, making it a more attractive choice for those who prioritize extensive market insights.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Vantage and Questrade both cater to beginners with a solid selection of educational resources focused on forex and CFDs, offering more than 10 informative pieces such as articles and videos. However, Vantage stands out by providing monthly online webinars designed to enhance learning, a feature not available with Questrade. Both brokers maintain a searchable archive of recorded webinars, allowing clients to revisit past sessions at their convenience.
For those starting their trading journey, both Vantage and Questrade offer a selection of at least 10 beginner-focused videos. However, when it comes to more advanced content for seasoned traders, Vantage offers over 10 advanced educational videos, a feature missing in Questrade's educational offerings. Additionally, Vantage supports learners with an investor dictionary featuring definitions of over 50 investing terms, which Questrade does not provide. Ultimately, Vantage receives a slightly higher education rating of 4 stars compared to Questrade's 3.5, and is ranked #24 in the education category by ForexBrokers.com, ahead of Questrade at #36.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Vantage is better than Questrade. Vantage finished with an overall rank of #26, while Questrade finished with an overall rank of #32.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 86 |
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Both Vantage and Questrade do not provide the option to purchase actual, delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
Vantage and Questrade both support Visa, Mastercard, and bank wire transfers for account funding, but Vantage uniquely offers PayPal and Skrill options, unlike Questrade, which does not provide these digital payment methods, nor do either support ACH or SEPA transfers.
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 | Vantage | Questrade | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
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| Regulation | Vantage | Questrade | |
|---|---|---|---|
| Trust Score | 90 | 86 | |
| Year Founded | 2009 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | Vantage | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | Yes | |
| 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) | Yes | No | |
| 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) | Vantage | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Vantage | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 641 | |
| Forex Pairs (Total) | 61 | 110 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Vantage | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Vantage | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Vantage | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Vantage | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Vantage | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Vantage | 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 | Vantage Review | Questrade Review |
| Overall | Vantage | Questrade | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
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