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 | 2 | 0 |
When comparing the commissions and fees of Vantage and Questrade, traders will notice distinct differences. Vantage offers three account types: the Standard STP, RAW ECN, and PRO ECN accounts. The Standard account features a spread-only model with an average spread of 1.30 pips on the EUR/USD pair, while the RAW ECN account provides average spreads of 0.15 pips with a $6 round-turn commission. Their PRO ECN account offers competitive pricing, with a $4 round-turn commission, but requires specific account qualifications, including a minimum $10,000 deposit under some entities. Vantage shines with a 4.5-star rating for its commissions and fees and is ranked 18th among 62 brokers by ForexBrokers.com.
Questrade, on the other hand, has higher trading costs with target spreads on the EUR/USD at 1.9 pips, which is above the industry average. While it provides basic trading services, it may not be the first choice for traders seeking lower fees. The broker has a modest 3-star rating for its commissions and fees and sits at the 57th position out of 62 brokers, according to ForexBrokers.com.
Overall, Vantage offers more competitive pricing options, especially for those who can meet the requirements for its PRO ECN account. Its active trader program provides additional rebates, albeit only on the Standard account, which has higher spreads. In contrast, Questrade’s offerings are potentially less enticing for cost-conscious traders, particularly when juxtaposed with industry standards.
| 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 | No | 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 comparing Vantage and Questrade for their range of investment options, it's clear they cater to different investor needs. Vantage offers a wide selection of 1000 tradeable symbols and 57 forex pairs, plus it supports forex trading as both CFDs and spot contracts. However, Vantage notably lacks access to exchange-traded securities on both U.S. and international exchanges, which might limit options for those looking to invest in individual stocks like Apple or Vodafone. Despite this, Vantage does provide copy trading and cryptocurrency derivatives, expanding its appeal for traders interested in mimicking successful strategies or exploring digital asset opportunities indirectly.
In contrast, Questrade stands out with a narrower selection, offering 641 tradeable symbols and 110 forex pairs, but compensates for this with access to U.S. and international exchange-traded securities. This feature makes it possible for investors to buy shares directly in major companies. Questrade also allows trading of cryptocurrency derivatives but does not support copy trading. With a higher rating of 5 stars in the range of investments and a ranking of #11 out of 62 brokers, compared to Vantage's 3.5-star rating and #50 ranking, Questrade emerges as a more versatile choice for those seeking a comprehensive investing platform.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 641 |
| Forex Pairs (Total) | 57 | 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). |
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When comparing Vantage and Questrade, both brokers offer an array of trading platforms and tools designed to meet diverse investor needs. Both Vantage and Questrade provide simulated trading through free virtual demo accounts and have proprietary platforms that are developed in-house. Users can also access trading platforms on Windows through desktop downloads or directly via web browsers. However, Vantage stands out with additional offerings like copy trading, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), along with several third-party platforms like DupliTrade and ZuluTrade, though Questrade supports DupliTrade too.
In terms of charting tools, Vantage provides 15 drawing tools while Questrade offers 20, giving more variety to those invested in chart analysis. If creating detailed watch lists is essential, Questrade shines with support for 52 fields compared to Vantage’s 7. Both platforms allow direct trading from stock charts, and in terms of user ratings for trading platforms and tools, they each enjoy a respectable 4-star rating. However, when ranked by ForexBrokers.com across 62 brokers for Trading Platforms and Tools, Vantage takes the lead at #15, surpassing Questrade, which stands at #34. This ranks Vantage effectively higher in terms of platform options and tool availability.
| 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
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Both Vantage and Questrade offer mobile trading apps designed for traders on the go, providing convenience whether you're using an iPhone or an Android device. You’ll find similar features in both apps, such as stock and forex price alerts, the ability to draw trendlines, and multiple time frame viewing options on charts. For those keen on technical analysis, Vantage provides 30 technical studies, while Questrade boasts 64, offering a more extensive toolkit for chart enthusiasts. Additionally, both platforms allow users to create watchlists with real-time quotes, although only Questrade synchronizes these lists with your online account, allowing for seamless transitions between devices.
When it comes to user satisfaction, Vantage and Questrade both receive a four-star rating from users for their mobile trading apps, showing a balance of features and performance. However, Vantage edges out slightly in industry rankings, placed at 26th by ForexBrokers.com among 62 brokers for its mobile app capabilities, compared to Questrade, positioned at 34th. This difference may be worth considering for traders prioritizing platform ranking and accolades in their decision-making process.
| 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 it comes to market research offerings, Vantage and Questrade provide distinct services that cater to different needs. Vantage stands out with its daily market commentary and timely forex news sourced from top-tier providers like Bloomberg and Reuters. This ensures traders stay informed with reliable information. Furthermore, Vantage offers tools from Trading Central and a sentiment-based trading tool that reveals long or short position ratios across currency pairs. Additionally, Vantage provides an economic calendar for tracking upcoming global news events, contributing to its strong 4-star research rating and a commendable rank of 24th out of 62 brokers by ForexBrokers.com.
In comparison, Questrade does not offer daily market commentary or forex news from major sources, which may limit immediate insights for traders. However, it compensates with advanced research tools from Autochartist and Trading Central, alongside market research from TipRanks. Like Vantage, Questrade includes an economic calendar to help traders monitor global economic activities. While these tools are valuable, Questrade's overall research offerings earn them a 3.5-star rating, placing it at 51st out of 62 brokers according to ForexBrokers.com, highlighting distinctive differences in the research capabilities between the two brokers.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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.
When comparing the educational resources available for beginners at Vantage and Questrade, several key differences emerge. Both brokers offer a solid foundation for learning about forex and CFDs, providing over ten pieces of educational content, including articles, videos, and archived webinars. However, Vantage elevates their educational offerings by hosting frequent online webinars, at least one per month, which Questrade currently does not offer. Both platforms maintain a searchable archive of past webinars, ensuring a wealth of information is readily accessible. Vantage and Questrade each deliver over ten beginner-focused videos, offering newcomers substantial support as they start trading.
Vantage outshines Questrade with advanced educational content, providing over ten videos tailored for experienced traders, a resource not available with Questrade. Additionally, Vantage's comprehensive investor dictionary, featuring definitions of over fifty investing terms, is another educational tool missing from Questrade's offerings. In terms of education ratings, Vantage scores 4 out of 5 stars, slightly ahead of Questrade's 3.5 stars. Within the realm of online brokers, Vantage holds the 27th spot for educational resources according to ForexBrokers.com, while Questrade is ranked 36th. This comparison suggests that for beginners seeking a richer educational experience, Vantage might be the more appealing choice.
| 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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| 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 | 2 | 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) | 57 | 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 | No | 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 | Yes | 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 | No | 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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