Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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.
When exploring online brokerage options, AvaTrade and Questrade often come into consideration. Established in 2006, AvaTrade is a private broker unaffiliated with any bank and boasts a commendable Trust Score of 94 out of 99 from ForexBrokers.com. It holds four Tier-1 licenses, marking it as highly trusted, alongside three Tier-2 licenses, further enhancing its reputation. These factors contribute to its strong position in the online trading landscape.
Founded earlier in 2000, Questrade is also a privately-held brokerage firm, not associated with any banking institution. With a Trust Score of 86, it falls neatly into the "trusted" category under the ForexBrokers.com rating system. While Questrade holds two Tier-1 licenses, it does not have any Tier-2 licenses. Both brokers are reliable options, with AvaTrade edging out slightly in terms of regulatory trust and license coverage.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Year Founded | 2006 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing AvaTrade and Questrade on the basis of commissions and fees, AvaTrade emerges as the more appealing option for both novice and professional traders. AvaTrade offers spreads close to the industry norm, averaging just under one pip (0.9 pips as of June 2024). These spreads are marginally higher than those available through entry-level accounts at CMC Markets and Tickmill. However, for professional traders who qualify for AvaTrade's Professional account, the spreads become even more attractive at 0.6 pips, placing them on par with industry leaders like FP Markets. AvaTrade earns a commendable 4.5-star rating for commissions and fees, ranking it 12th out of 63 brokers according to ForexBrokers.com.
In contrast, Questrade's fee structure may be less appealing, especially to budget-conscious traders. With target spreads on the EUR/USD at 1.9 pips, Questrade lags behind the industry average, which could make it less competitive for frequent traders. As a result, Questrade earns a lower rating of 3 stars for its commissions and fees. This translates to a rather disappointing 58th place ranking out of 63 brokers, as reviewed by ForexBrokers.com.
For traders seeking competitive pricing, AvaTrade clearly has the edge over Questrade, especially for those qualified as professional traders who can benefit from even lower spreads. With its higher rating and significantly better ranking, AvaTrade offers a more attractive option for managing trading costs effectively.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | 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.
AvaTrade and Questrade both excel in providing diverse investment opportunities, though they cater to slightly different needs. AvaTrade offers an impressive selection of 1,260 tradeable symbols, including 53 forex pairs. Clients can engage in forex trading through CFDs or spot contracts. However, AvaTrade does not provide access to exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, and it does not allow users to buy actual cryptocurrencies, offering only derivatives instead. One unique feature AvaTrade offers is copy trading, allowing users to replicate the trades of experienced investors.
On the other hand, Questrade offers 641 tradeable symbols, but an expansive 110 forex pairs, also available as CFDs or spot contracts. It enables clients to trade exchange-listed securities on both U.S. and international platforms, granting access to instruments like Apple and Vodafone shares. While Questrade similarly lacks the option to purchase actual cryptocurrencies, it does provide cryptocurrency derivatives. Although Questrade does not support copy trading, its broader range of conventional securities helps secure a higher rating of 5 stars for Range of Investments, compared to AvaTrade's 4 stars. As ranked by ForexBrokers.com, Questrade is placed #11 among 63 brokers, significantly ahead of AvaTrade, which ranks at #32.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 641 |
| Forex Pairs (Total) | 53 | 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.
AvaTrade and Questrade are both strong contenders when it comes to trading platforms and tools, providing features such as free virtual demo accounts, proprietary platforms, and Windows-based desktop download options. AvaTrade stands out with its extensive offerings, including support for popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading services and integration with ZuluTrade and DupliTrade. Meanwhile, Questrade focuses more on diverse charting capabilities, with an impressive 20 drawing tools and allows for trading directly from stock charts.
While both brokers provide web-based trading platforms and download options for Windows, AvaTrade and Questrade have different strengths. AvaTrade excels with a higher rating of 4.5 stars for its trading platforms and tools, as opposed to Questrade's 4 stars. Additionally, AvaTrade offers seven columns for watch lists compared to Questrade's 52, demonstrating Questrade's broader approach towards customization. Ranked by ForexBrokers.com, AvaTrade holds a higher position at #13, suggesting a slight edge over Questrade's #34 in the category of Trading Platforms and Tools.
| Feature |
AvaTrade
|
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) | 80 | 64 |
| Charting - Drawing Tools (Total) | 13 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing AvaTrade and Questrade for their mobile trading apps, both brokers offer apps for iPhone and Android users. They provide features like stock or forex price alerts and watchlist symbol syncing, ensuring your mobile and online accounts are always in sync. AvaTrade edges out slightly with 73 technical studies available for charting, compared to Questrade's 64. Both apps allow users to draw trendlines on charts and view various time frames. However, Questrade's app stands out by automatically saving chart drawings, while AvaTrade's does not.
In terms of performance and usability, both platforms allow users to create watchlists with real-time quotes. Despite these similarities, AvaTrade enjoys a higher mobile trading app rating of 4.5 stars, surpassing Questrade’s 4 stars. Additionally, AvaTrade holds a superior rank at #13 in the Mobile Trading Apps category according to ForexBrokers.com, while Questrade is ranked at #34. These distinctions make AvaTrade a more appealing choice for traders prioritizing mobile app functionalities.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 73 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and Questrade, both online brokers provide a variety of tools and resources for market research, yet each has unique strengths. AvaTrade shines with its forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, offering crucial insights for forex traders. Though it lacks tools from Autochartist, AvaTrade compensates with trading tools from Trading Central, and a sentiment-based trading tool to gauge market trends. Additionally, AvaTrade offers an economic calendar to track significant global news events, making it a well-rounded choice for traders seeking comprehensive market insights. Overall, AvaTrade is rated 4 stars for research and ranks 34th out of 63 brokers according to ForexBrokers.com.
On the other hand, Questrade also provides several valuable research tools, although their offerings differ from AvaTrade's. While Questrade does not provide forex news from prominent sources, it includes robust tools from Autochartist, giving traders advanced technical analysis capabilities. Like AvaTrade, Questrade also incorporates resources from Trading Central and an economic calendar, aiding traders in making informed decisions. Additionally, Questrade offers market research from TipRanks, bringing another layer of depth to their research suite. Despite these features, Questrade holds a slightly lower research rating of 3.5 stars and stands at 51st place among 63 brokers on ForexBrokers.com.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Daily Market Commentary | No | 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 for beginners offered by AvaTrade and Questrade, AvaTrade stands out with a more comprehensive suite of learning opportunities. AvaTrade offers a wealth of information on forex and CFDs, including over ten educational pieces such as articles and videos. It also provides monthly webinars to support ongoing learning and maintains a searchable archive of past webinars. This brokerage excels with more than ten beginner-focused videos and over ten advanced trading videos, catering to both newcomers and seasoned traders. Additionally, AvaTrade includes an investor dictionary featuring over 50 investing terms, ensuring that even the most fundamental queries are addressed. With these tools, AvaTrade earns a notable 4-star rating for education and ranks impressively as the number two broker in the education category according to ForexBrokers.com.
On the other hand, Questrade provides a solid foundation for beginners with educational content on forex and CFDs, including videos and articles. However, it does not match AvaTrade's frequency of webinars, as it does not offer monthly educational webinars. Despite this, Questrade does feature a searchable archive of past webinars and offers over ten beginner-focused educational videos. While it covers basics well, it falls short in more advanced content, lacking at least ten advanced video tutorials and an investor dictionary with the necessary breadth of definitions. This contributes to Questrade's 3.5-star rating for educational resources and its ranking of 36 out of 63 brokers in the education category as reviewed by ForexBrokers.com.
| Feature |
AvaTrade
|
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 AvaTrade is better than Questrade. AvaTrade finished with an overall rank of #13, while Questrade finished with an overall rank of #32.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 86 |
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Both AvaTrade and Questrade do not offer the ability to buy actual delivered cryptocurrency, but they provide options to purchase cryptocurrency derivatives.
When comparing online brokers AvaTrade and Questrade, AvaTrade supports PayPal and Skrill for deposits and withdrawals, whereas Questrade does not, but both brokers accept Visa, Mastercard, and bank wire transfers, with neither offering 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 | AvaTrade | Questrade | |
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| Trust Score | 94 | 86 | |
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| Review | AvaTrade Review | Questrade Review |
| Broker Screenshots | AvaTrade | Questrade | |
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| Regulation | AvaTrade | Questrade | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | AvaTrade | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 641 | |
| Forex Pairs (Total) | 53 | 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 | AvaTrade | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | AvaTrade | 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 | No | No |
| Trading Platforms | AvaTrade | 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 | AvaTrade | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 80 | 64 | |
| Charting - Drawing Tools (Total) | 13 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 73 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | Questrade | |
|---|---|---|---|
| Daily Market Commentary | No | 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 | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | Questrade Review |
| Overall | AvaTrade | Questrade | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Questrade Review |
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