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.
AvaTrade and Questrade are both private online brokers that are not publicly traded and are not banks, but AvaTrade has the stronger regulatory profile. Founded in 2006, AvaTrade holds 4 Tier-1 licenses and 4 Tier-2 licenses, which helps explain its ForexBrokers.com Trust Score of 96 out of 99, placing it in the highly trusted range. Questrade, founded in 2000, holds 1 Tier-1 license and no Tier-2 licenses, and has a Trust Score of 85 out of 99, which is still considered trusted.
In simple terms, both brokers are regulated, but AvaTrade shows a wider mix of top-tier oversight than Questrade. If you are comparing broker safety and regulation, AvaTrade stands out for its higher Trust Score and greater number of highly trusted licenses, while Questrade remains a trusted choice with a slightly lower regulatory rating.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Year Founded | 2006 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 4 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
AvaTrade comes out ahead of Questrade for commissions and fees. AvaTrade’s spreads are close to the industry average, at about 0.9 pips as of June 2024, and can drop to 0.6 pips on its Professional account for eligible traders. It is rated 4.5/5 stars for commissions and fees and is ranked #14 out of 36 brokers by ForexBrokers.com in this category.
Questrade uses a spread-only pricing model, so the cost is built into the bid-ask spread instead of being charged as a separate commission on forex trades. While Questrade says spreads can start at 0.8 pips, real-world averages for major pairs were closer to 2.1 to 2.5 pips at the time of review, which can make trading more expensive. For CFDs, Questrade also adds a $9.95 USD trading fee per unit, which can quickly push up total costs, especially on active trades. It is rated 3.5/5 stars for commissions and fees and is ranked #34 out of 36 brokers.
In simple terms, AvaTrade tends to offer better overall value for cost-conscious traders, especially when compared with Questrade’s wider spreads and extra CFD fees. If lower trading costs are a priority, AvaTrade is the stronger choice in the commissions and fees category.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 0.93 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 0.61 | 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.
AvaTrade and Questrade both let you trade forex, but they differ in the range of products they offer. AvaTrade lists more total tradeable symbols overall, with 1,260 compared with Questrade’s 675. However, Questrade offers a larger selection of forex pairs, with 110 versus AvaTrade’s 53, which may matter more if your focus is currency trading. Neither broker lets you buy actual shares on U.S. or international stock exchanges, so both are more limited than traditional stock brokers in that area.
For other investment choices, AvaTrade has more options for traders who want extras. It offers copy trading and cryptocurrency CFDs, while Questrade does not offer either. On the other hand, Questrade earns a higher Range of Investments score overall, with 5 stars and a #12 ranking from ForexBrokers.com, compared with AvaTrade’s 4 stars and #27 ranking. In short, AvaTrade has the wider list of symbols, but Questrade provides more forex pairs and a stronger overall rating for investment variety.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 675 |
| Forex Pairs (Total) | 53 | 110 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
AvaTrade and Questrade both give traders a solid range of platform choices, including free demo accounts for simulated trading, a proprietary platform, a Windows desktop download, and a web-based platform. Both also let users place trades directly from a stock chart, which can make active trading easier. In ratings for trading platforms and tools, AvaTrade comes out ahead with 4.5 out of 5 stars and a #13 ranking out of 36 brokers from ForexBrokers.com, while Questrade is rated 4 out of 5 stars and ranked #29.
Where AvaTrade stands out most is in its extra trading tools. It supports copy trading, MetaTrader 4, and MetaTrader 5, giving traders more ways to follow strategies and use advanced charting setups. Questrade does not offer copy trading, MT4, or MT5, so it may feel more limited for traders who want those popular platform options. For traders comparing online brokers on platform variety and tool selection, AvaTrade offers the broader set of features.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
AvaTrade and Questrade both offer mobile trading apps for iPhone and Android, plus useful tools like price alerts, watchlist syncing, and the ability to draw trendlines on charts. That means either broker can work well if you want to monitor markets and manage trades from your phone. In charting, AvaTrade has a slight edge with 73 technical studies compared with Questrade’s 64, which may appeal to traders who want more built-in analysis options.
Where AvaTrade pulls ahead is in overall mobile app ratings and industry ranking. AvaTrade is rated 4.5 out of 5 stars for mobile trading apps and ranks 13th out of 36 brokers on ForexBrokers.com, while Questrade is rated 3.5 stars and ranks 29th. Questrade does have one handy advantage: its app automatically saves chart drawings, while AvaTrade does not. For mobile trading, AvaTrade looks stronger overall, but Questrade still covers the core features many traders need.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 73 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, AvaTrade and Questrade each have a few useful tools, but AvaTrade has the edge overall. AvaTrade offers forex news from top names like Bloomberg, Reuters, and Dow Jones, plus a sentiment tool that shows how traders are positioned, and an economic calendar for tracking upcoming global events. It also includes Trading Central research, while Questrade offers both Trading Central and Autochartist, as well as TipRanks market research. Neither broker provides daily market commentary.
Looking at research quality and rankings, AvaTrade is rated 4 out of 5 stars for Research and is ranked #29 out of 36 brokers by ForexBrokers.com, compared with Questrade’s 3.5 stars and #35 ranking. In plain terms, both brokers give traders some helpful ways to study the markets, but AvaTrade provides broader built-in market news and sentiment tools, while Questrade stands out for adding Autochartist and TipRanks.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for educational help, AvaTrade clearly has the edge over Questrade. AvaTrade offers forex and CFD learning content, runs online client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. That makes it easier for new traders to start with the basics and keep learning as their skills grow. AvaTrade is also rated 4 out of 5 stars for Education and ranks #2 out of 36 brokers by ForexBrokers.com in this category.
Questrade, by comparison, offers less support for traders who want a strong learning library focused on forex or CFDs. It does not match AvaTrade’s webinar schedule, and it does not offer 10 or more beginner or advanced trading videos. Questrade is rated 3.5 out of 5 stars for Education and ranks #28 out of 36, so while it still provides some useful learning material, AvaTrade is the better choice for beginners who want more guided education.
| Feature |
AvaTrade
|
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 AvaTrade is better than Questrade. AvaTrade finished with an overall rank of #15, while Questrade finished with an overall rank of #29.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, along with strong educational resources and copy trading support.
| Feature |
AvaTrade
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Questrade
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| Overall Rating |
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| Trust Score | 96 | 85 |
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In the AvaTrade vs Questrade comparison for cryptocurrency trading, neither broker lets you buy actual (delivered) cryptocurrency, but only AvaTrade offers cryptocurrency CFDs while Questrade does not.
AvaTrade vs Questrade deposit and withdrawal comparison: both do not offer ACH/SEPA transfers but do support bank wires; AvaTrade additionally supports PayPal and Skrill while Questrade does not; 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 | AvaTrade | Questrade | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Questrade Review |
| Broker Screenshots | AvaTrade | Questrade | |
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| Regulation | AvaTrade | Questrade | |
|---|---|---|---|
| Trust Score | 96 | 85 | |
| 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 | 1 | |
| Tier-2 Licenses | 4 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | 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) | Yes | No | |
| Israel (ISA Authorised) | Yes | 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 | AvaTrade | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 675 | |
| Forex Pairs (Total) | 53 | 110 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | AvaTrade | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.93 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | AvaTrade | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | AvaTrade | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | AvaTrade | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 80 | 64 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 73 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | AvaTrade | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | AvaTrade | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | AvaTrade | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | AvaTrade Review | Questrade Review |
| Overall | AvaTrade | Questrade | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Questrade Review |
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