Written by ForexBrokers.com
In this head to head comparison of XTB 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 XTB vs Questrade for safety and regulation: XTB was founded in 2002 and is publicly traded, while Questrade was founded in 2000 and is privately held; neither company is a bank. According to the ForexBrokers.com Trust Score (0–99), 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 should not be trusted. XTB scores 96 (highly trusted), while Questrade scores 85 (trusted).
On licensing, XTB holds 2 Tier-1 licenses (highly trusted) and 2 Tier-2 licenses (trusted). Questrade holds 1 Tier-1 license and no Tier-2 licenses. In plain terms, XTB has broader top-tier regulatory coverage, while Questrade meets strong standards but with fewer regulatory approvals.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Year Founded | 2002 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 0 |
XTB earns a 4.5-star rating and ranks #13 out of 36 brokers for commissions and fees. Its pricing is mostly spread-based, with a Standard account for most retail traders and a commission-based Pro account that is only available to certain professional clients in the U.K. and Europe. XTB’s average EUR/USD spread was 1 pip in Q4 2023, which is around the industry average but not among the cheapest. For active traders, XTB also offers its Lower Spread Group, which can rebate 5% to 30% of the spread once certain monthly volume goals are met.
Questrade has a 3.5-star rating and ranks #33 out of 36 brokers in the commissions and fees category. Questrade Global uses spread-only pricing, meaning its trading costs are built into the bid-ask spread rather than charged as a separate commission. While Questrade says spreads can start at 0.8 pips in normal market conditions, real-world major-pair spreads were often closer to 2.1 to 2.5 pips, which can make trading more expensive than many rivals. CFD trading can be especially costly because Questrade adds a $9.95 USD fee per unit, on top of the spread and any overnight financing charges.
Overall, XTB is the better choice on commissions and fees if you want lower trading costs and a more trader-friendly pricing structure. Questrade’s spread-only model is simple, but its wider spreads and extra CFD fees can add up quickly. For most traders comparing the two, XTB offers the stronger value.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 0.92 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 0.92 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XTB offers a wider range of investable markets than Questrade, with 10,900 tradeable symbols compared with Questrade’s 675. XTB also gives clients access to both U.S. and international exchange-traded securities, so you can buy shares like Apple or Vodafone directly. In addition, XTB supports forex trading, with 71 currency pairs available, and offers cryptocurrency CFDs, although not actual crypto ownership. Questrade also offers forex trading, and lists 110 forex pairs, but it does not provide direct access to U.S. or international exchange-traded securities or crypto CFDs.
Both brokers are rated 5 stars for Range of Investments, showing that each gives traders a solid selection in its own way. However, based on ForexBrokers.com rankings, Questrade places slightly higher in this category at #12 out of 36, while XTB ranks #14 out of 36. If you want the broader overall market selection, XTB stands out; if your main focus is forex pairs, Questrade has the edge.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10900 | 675 |
| Forex Pairs (Total) | 71 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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.
XTB and Questrade both give traders a solid mix of platform choices, including a free demo account for practice, a proprietary trading platform, a Windows desktop download, and a web-based platform. Each also lets you trade directly from a stock chart, which makes it easier to place orders while reviewing price action. Neither broker offers copy trading, MetaTrader 4, or MetaTrader 5, so traders looking for those specific tools will need to look elsewhere.
When it comes to trading platforms and tools, XTB has the edge overall. It earns 4.5 out of 5 stars and ranks #9 out of 36 brokers in ForexBrokers.com’s Trading Platforms and Tools category, while Questrade is rated 4 out of 5 stars and ranks #28. For most everyday traders, both brokers cover the basics well, but XTB stands out as the stronger option for platform quality and trading tools.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 39 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and Questrade both offer mobile trading apps for iPhone and Android, along with stock or forex price alerts, trendline drawing, and auto-saving chart drawings. In these areas, the two brokers are closely matched, so either app can cover the basics for trading on the go.
The main differences show up in charting tools and overall app performance. Questrade offers watchlist symbol syncing, so changes to watchlists carry over between the mobile app and your online account, and it includes 64 technical studies in its mobile charts versus 39 at XTB. Even so, XTB has the stronger mobile trading apps rating at 4.5 out of 5 stars and ranks #8 out of 36 brokers, while Questrade is rated 3.5 stars and ranks #28.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 39 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB stands out for market research with daily market commentary, forex news from top sources like Bloomberg and Reuters, a sentiment tool that shows long and short positions, and an economic calendar for global events. It also earns a 5-star Research rating and ranks #9 out of 36 brokers for Research on ForexBrokers.com. Questrade, by comparison, does not offer daily market commentary, top-tier forex news, sentiment data, or an economic calendar, and its Research rating is 3.5 stars with a #34 ranking.
Questrade does have an edge in some third-party research tools, offering Autochartist, Trading Central, and TipRanks, while XTB does not include those services. Overall, XTB is the better choice for traders who want more built-in market news and analysis, while Questrade may appeal to users looking for specific outside research tools.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
XTB is the stronger choice for beginners who want to learn before they trade. It offers forex and CFD education, holds online client webinars at least once a month, and provides at least 10 beginner-friendly videos as well as 10 advanced videos for traders who want to keep building their skills. ForexBrokers.com gives XTB a 5-star Education rating and ranks it #11 out of 36 brokers, which shows it has a wide range of learning tools for different experience levels.
Questrade, while still offering some educational support, does not match XTB for beginner learning resources. It does not appear to offer the same level of forex or CFD education, does not host monthly educational webinars, and does not have at least 10 beginner or 10 advanced trading videos based on the information provided. Its 3.5-star Education rating and #28 ranking out of 36 suggest it is better suited to traders who need only basic learning help rather than a full set of educational materials.
| Feature |
XTB
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than Questrade. XTB finished with an overall rank of #7, while Questrade finished with an overall rank of #29.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 85 |
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XTB vs Questrade: neither broker lets you buy actual (delivered) cryptocurrencies; however, XTB offers cryptocurrency CFDs while Questrade does not.
Comparing XTB vs Questrade funding options: both lack ACH/SEPA but support bank wires; XTB additionally accepts PayPal and Skrill while Questrade does not, and Visa/Mastercard availability is not specified for either.
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 | XTB | Questrade | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | XTB Review | Questrade Review |
| Broker Screenshots | XTB | Questrade | |
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| Regulation | XTB | Questrade | |
|---|---|---|---|
| Trust Score | 96 | 85 | |
| Year Founded | 2002 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | XTB | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | Yes | |
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | XTB | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | XTB | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10900 | 675 | |
| Forex Pairs (Total) | 71 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | XTB | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.92 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 0.92 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | XTB | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XTB | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | XTB | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 39 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 39 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XTB | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | XTB | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XTB | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XTB Review | Questrade Review |
| Overall | XTB | Questrade | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | XTB Review | Questrade Review |
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