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 and Questrade are well-regarded online brokers, each with their own strengths in the industry. Founded in 2001, Admirals boasts a Trust Score of 93, placing it in the "highly trusted" category. It holds 4 Tier-1 licenses and 3 Tier-2 licenses, reflecting its strong regulatory standing. On the other hand, Questrade, established in 2000, has a Trust Score of 86, indicating that it is a trusted broker as well. It holds 2 Tier-1 licenses but does not have any Tier-2 licenses.
Neither Admirals nor Questrade are publicly traded companies or banks, focusing solely on brokerage services. Admirals leads in regulatory credentials with more Tier-1 and Tier-2 licenses compared to Questrade. While both brokers offer secure and reliable trading experiences, Admirals' higher Trust Score and greater number of regulatory licenses might appeal to those prioritizing extensive regulatory coverage.
| Feature |
Admirals
|
Questrade
|
|---|---|---|
| Year Founded | 2001 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| 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 | No |
| ACH or SEPA Transfers | Yes | 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 considering a variety of investment options, both Admirals and Questrade present solid choices, yet they differ in certain areas that might influence your decision. Admirals offers an impressive selection of 8702 tradeable symbols, including 82 forex pairs, while Questrade provides 641 tradeable symbols with a slight edge of 110 forex pairs. Both brokers support forex trading as either CFDs or spot contracts. They also enable clients to purchase exchange-traded securities on both U.S. and international exchanges. However, Admirals stands out by offering copy trading, which is not a feature provided by Questrade. Both brokers allow trading in cryptocurrency derivatives, but neither facilitates the purchase of actual cryptocurrencies.
Despite Admirals' greater total number of tradeable symbols, Questrade receives a perfect 5-star rating for the range of investments, slightly outperforming Admirals' 4.5-star rating. In rankings by ForexBrokers.com, Questrade also ranks higher at #11 compared to Admirals' position at #19 out of 63 brokers. This suggests that while Admirals offers a broader array of tradeable symbols, the specific investment features and capabilities provided by Questrade appeal to a wider range of investors. Ultimately, your choice between Admirals and Questrade may depend on whether you value having a more extensive selection of symbols or prioritize specific investment features like copy trading.
| 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 | 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.
When choosing an online trading platform between Admirals and Questrade, it's important to consider the features and tools each offers. Both brokers provide simulated trading with free virtual demo accounts and proprietary trading platforms, ensuring traders can practice and develop strategies without real financial risk. Admirals is convenient for users seeking both desktop and browser-based platforms and supports advanced platforms like MetaTrader 4 and MetaTrader 5, allowing for in-depth analyses and sophisticated trading strategies. In contrast, Questrade does not support these MetaTrader applications but does offer access to DupliTrade, adding another layer of trading functionality. Admirals supports copy trading, a feature Questrade lacks, making it an appealing choice for those interested in mirroring expert trades.
In terms of chart analysis tools, Admirals offers 106 drawing tools, significantly outnumbering Questrade's 20, and both brokers allow trading directly from stock charts. For watch list customization, Questrade offers greater flexibility with 52 columns compared to Admirals' 7. Both platforms receive a solid four-star rating for their trading tools, yet Admirals slightly edges out in overall ranking, positioned at 19th out of 63 brokers surveyed by ForexBrokers.com, while Questrade ranks 34th. This comparison highlights that while both brokers have their strengths, Admirals provides more comprehensive tools and platform options, particularly for those focused on advanced trading features and charting capabilities.
| 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 | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| 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 it comes to mobile trading, both Admirals and Questrade offer apps for iPhone and Android users, making it easy to trade on the go. Each app provides important features like price alerts, chart trendlining, multiple time frame views, and the ability to create watchlists with real-time quotes. Admirals offers 30 technical studies in its mobile app, while Questrade provides a more extensive selection with 64 studies. Both platforms also allow users to auto-save chart drawings, which is a helpful feature for maintaining detailed technical analysis while trading.
However, there are some key differences between the two brokers' mobile offerings. Questrade stands out for its ability to sync watchlists with the online account, ensuring seamless transitions between mobile and desktop platforms. Admirals lacks this syncing feature but ranks higher at #23 compared to Questrade's #34 in the ForexBrokers.com mobile trading apps category. Despite these differences, both apps receive a solid four-star rating for their overall mobile trading experience, reflecting their comprehensive features and user-friendly interfaces.
| Feature |
Admirals
|
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 comparing the market research offerings of Admirals and Questrade, Admirals stands out with its daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters—something Questrade does not offer. Admirals also provides additional resources such as a sentiment-based trading tool and research from companies like Trading Central and Acuity Trading, enhancing the depth of insights for traders. Both platforms offer tools from TipRanks and present users with a comprehensive economic calendar for tracking global news events.
Questrade, although lacking in some areas compared to Admirals, offers technical analysis and research tools from Autochartist, which Admirals does not. However, Admirals' superior offerings in other areas contribute to its higher research rating of 4 stars, compared to Questrade's 3.5 stars. Reflecting this, Admirals is ranked #15 in research by ForexBrokers.com among 63 brokers, while Questrade holds the 51st position. Overall, Admirals provides a richer suite of research tools, catering to traders seeking detailed market insights.
| Feature |
Admirals
|
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 | Yes | Yes |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, Admirals and Questrade both offer a solid foundation, but Admirals comes out ahead in several key areas. Both platforms provide more than 10 educational materials focused on forex and CFDs, ranging from articles and videos to archived webinars. Admirals, however, distinguishes itself by conducting at least one online educational webinar per month, along with maintaining an easily accessible archive of these sessions. Questrade does provide a searchable archive of past webinars but does not offer new monthly webinars.
Admirals impresses with its collection of educational resources geared towards both beginners and advanced traders, offering more than 10 videos for each group. While Questrade matches Admirals in offering beginner videos, it falls short for those seeking advanced education. Additionally, Admirals includes an investor dictionary with over 50 terms, which Questrade does not offer. This comprehensive approach to beginner education earns Admirals a higher rating of 4 out of 5 stars, compared to Questrade's 3.5 stars. Admirals ranks #12 for education among 63 brokers on ForexBrokers.com, whereas Questrade is positioned at #36, highlighting Admirals' superior educational offerings.
| Feature |
Admirals
|
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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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Both Admirals and Questrade do not support the purchase of actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
When comparing online brokers, Admirals stands out by offering a variety of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Questrade supports Visa or Mastercard and bank wires but lacks options such as ACH or SEPA transfers, PayPal, and 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 | |
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| Review | Admirals Review | Questrade Review |
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| Regulation | Admirals | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2001 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| 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 | No | |
| Canada (CIRO Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Admirals | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | 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) | Yes | No |
| 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 | 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 | 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Admirals | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | Admirals | 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 | No | Yes | |
| ZuluTrade | No | No |
| 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 | 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 | Admirals | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | 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 | 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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