Written by ForexBrokers.com
In this head to head comparison of Admirals 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.
Admirals, established in 2001, stands out with its impressive regulatory credentials, holding four Tier-1 licenses, which are considered highly trusted by ForexBrokers.com. With a Trust Score of 93 out of 99, Admirals is classified as highly trusted. This online broker is not a publicly traded company and doesn't operate as a bank, but its regulated status ensures a secure trading environment.
In comparison, Questrade was founded a year earlier in 2000 and carries a ForexBrokers.com Trust Score of 86, making it a trusted broker. It holds two Tier-1 licenses but lacks Tier-2 licenses. Similar to Admirals, Questrade is neither publicly traded nor a bank. Both brokers offer reliable services, with Admirals slightly leading with its regulatory robustness and higher trust score.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Year Founded | 2001 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers, Admirals offers a competitive advantage with its pricing structure. On Admirals' Trade account, typical spreads start at 0.8, with similar rates available on their Zero account option. This positions Admirals as an attractive choice for traders seeking low trading costs, earning it a commendable 4.5-star rating for commissions and fees. According to ForexBrokers.com, Admirals ranks #17 out of 63 brokers in this category, highlighting its cost-effectiveness in the industry.
On the other hand, Questrade's cost structure might not be as appealing to budget-conscious traders. The broker's target spreads for popular currency pairs, such as the EUR/USD, are set at 1.9 pips, which is considered steep compared to the industry average. As a result, Questrade receives a lower 3-star rating for its commissions and fees. Within the same ForexBrokers.com ranking, Questrade sits at #58, indicating the higher trading costs associated with this broker.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring the range of investment options offered by Admirals and Questrade, both brokers stand out with distinct offerings tailored to the needs of different investors. Admirals provides access to an impressive 8,702 tradeable symbols, allowing investors to diversify their portfolios extensively. Additionally, it offers forex trading in both CFD and spot contract formats, with 82 tradeable forex pairs. Admirals also supports trading in exchange-traded securities on both U.S. and international exchanges, letting investors buy well-known stocks like Apple's on NASDAQ, or Vodafone's on the London Stock Exchange. Investors interested in cryptocurrency derivatives will also find Admirals' offerings appealing. Admirals has been awarded a commendable 4.5-star rating for its range of investments by ForexBrokers.com, securing the 19th spot in their ranking.
Questrade also presents a noteworthy array of investment choices, offering 641 tradeable symbols spanning various asset classes. For forex enthusiasts, Questrade provides a comprehensive pool of 110 tradeable forex pairs, available as both CFDs and spot contracts. Just like Admirals, Questrade allows trading of exchange-traded securities on U.S. and international exchanges, providing flexibility and reach for investors looking to diversify. Questrade offers access to cryptocurrency derivatives as well. It boasts a superior 5-star rating for its range of investments, placing it at the 11th position in the ForexBrokers.com ranking, demonstrating its strong standing among its peers in terms of investment accessibility.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 641 |
| Forex Pairs (Total) | 82 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| 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.
Admirals and Questrade both provide traders with a rich array of tools and platforms to fit diverse trading styles. Admirals boasts a unique offering with its proprietary platform, which caters specifically to its users. Like Questrade, Admirals also offers simulated trading through a free virtual demo account and has a Windows-based desktop platform. Admirals stands out with compatibility for popular MetaTrader versions — MT4 and MT5 — giving traders robust options for technical analysis. Moreover, Admirals supports copy trading, enhancing its appeal for those who prefer social trading strategies.
Questrade, on the other hand, matches Admirals with the availability of a proprietary platform and a web-based trading option, making it accessible for traders on various devices. Offering DupliTrade, Questrade caters to users interested in trading automation and social trading. In terms of customization, Questrade shines with the ability to set up watch lists with 52 different fields, while Admirals leads in drawing tools with 106 options for detailed charting. Both platforms allow direct trading from stock charts. Admirals and Questrade each earn 4 out of 5 stars for their trading platforms and tools, with Admirals ranked 19th and Questrade 34th among 63 brokers according to ForexBrokers.com.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 106 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Admirals and Questrade, both offer solid options for traders on the go. Admirals and Questrade each provide apps for both iPhone and Android, ensuring compatibility with the most popular smartphone platforms. Both apps enable users to receive stock or forex price alerts and provide seamless watchlist syncing, so you can keep track of your investments across devices smoothly. Admirals allows for 30 technical studies on charts, while Questrade offers more customization with 64 options. Both apps support drawing trendlines and viewing multiple time frames, such as daily or weekly charts, with auto-save features for drawings adding convenience.
Admirals and Questrade both support real-time quotes in watchlists, but there's a difference in their overall ratings. Each app receives four out of five stars for mobile trading experiences. However, when ranked among 63 brokers by ForexBrokers.com, Admirals holds a higher position at #23 compared to Questrade's #34. This comparison highlights that while both platforms offer comprehensive tools for trading, Admirals slightly edges ahead in terms of ranking for mobile trading capabilities.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | 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 comparing market research offerings, Admirals distinguishes itself with comprehensive daily market commentary and high-quality forex news sourced from top-tier platforms like Bloomberg, Reuters, and Dow Jones. Admirals also provides access to Trading Central's technical analytics, sentiment-based trading tools, and research resources from TipRanks and Acuity Trading, including Signal Centre. Such a broad array of resources helps traders stay informed and make well-rounded decisions. Admirals also features an economic calendar, keeping traders updated on global events, and earns a commendable 4-star research rating.
In contrast, Questrade offers key tools such as Trading Central's technical analytics and market research via TipRanks. However, it falls short in offering daily market commentary, top-tier forex news, sentiment-based tools, and Acuity Trading resources. Like Admirals, Questrade provides an economic calendar, but its research services receive a slightly lower rating of 3.5 stars. These differences are reflected in their rankings, with Admirals positioned higher at #15 while Questrade sits at #51 in ForexBrokers.com's research category rankings.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | Yes |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Admirals and Questrade both provide a hearty selection of educational resources aimed at beginners interested in forex and CFDs. Both platforms offer over ten educational pieces, such as articles and videos, ensuring beginners have access to essential knowledge. Admirals stands out with monthly online educational webinars, a feature not guaranteed by Questrade. Both brokers maintain searchable archives for past webinars, allowing users to learn at their own pace. When it comes to educational videos tailored specifically for beginners, both meet the mark with a solid collection exceeding ten videos. Admirals, however, goes the extra mile by offering advanced educational videos, catering to more seasoned traders.
Admirals further enhances its educational support with a comprehensive investor dictionary containing over fifty investing terms, a feature Questrade doesn't offer. When evaluated for educational quality, Admirals receives a rating of four stars out of five, slightly higher than Questrade's 3.5 stars. Rankings by ForexBrokers.com showcase Admirals' strength in education, placing it at 12 out of 63 brokers, while Questrade falls behind at 36. Overall, Admirals offers a more enriched educational experience, particularly valuable for those seeking ongoing learning and advanced training.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| 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 Admirals is better than Questrade. Admirals finished with an overall rank of #18, while Questrade finished with an overall rank of #32.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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While both Admirals and Questrade provide options to invest in cryptocurrency derivatives, neither broker offers the ability to purchase actual, delivered cryptocurrency.
When comparing online brokers, Admirals offers a variety of deposit and withdrawal options including ACH/SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, whereas Questrade provides options for Visa/Mastercard and bank wires, without specific mentions of ACH/SEPA, PayPal, or Skrill.
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 | Admirals | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Admirals Review | Questrade Review |
| Broker Screenshots | Admirals | Questrade | |
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| Regulation | Admirals | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2001 | 2000 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | 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) | Admirals | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) | Yes |
| Investments | Admirals | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 641 | |
| Forex Pairs (Total) | 82 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| 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 | Admirals | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | Admirals | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Admirals | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Admirals | 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) | 106 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | 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 | Admirals | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | Yes | |
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Admirals | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | Admirals | 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 | Admirals Review | Questrade Review |
| Overall | Admirals | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Admirals Review | Questrade Review |
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