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 two established online brokers with a strong reputation for trustworthiness, though they vary in regulatory credentials and Trust Scores. Founded in 2006, AvaTrade holds an impressive Trust Score of 94 from ForexBrokers.com, indicating a high level of trust with its 4 Tier-1 and 3 Tier-2 licenses. On the other hand, Questrade, which was founded earlier in 2000, maintains a Trust Score of 86 with 2 Tier-1 licenses but lacks Tier-2 licensing. Neither of these brokers is publicly traded or operates as a bank.
The regulatory framework provides a critical context for assessing these brokers. AvaTrade's higher number of licenses suggests impressive trust levels, particularly with its global reach. Questrade, while trusted with a good Trust Score, has fewer regulatory licenses, which might be a consideration for users seeking specific regulatory protections. Both brokers offer reliable services; however, AvaTrade's regulatory robustness might appeal more to those prioritizing comprehensive regulatory oversight.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Year Founded | 2006 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | |
| ACH or SEPA Transfers | ||
| 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.
AvaTrade and Questrade both cater to traders looking to explore diverse financial markets, but they differ in their range of offerings. AvaTrade provides access to 1,260 tradeable symbols, making it a versatile choice for investors interested in a broad array of options. It offers forex trading with 53 currency pairs available as CFDs or spot contracts. While AvaTrade excels in CFD offerings and supports copy trading, it doesn't offer exchange-traded securities or the ability to buy actual cryptocurrencies. AvaTrade also offers cryptocurrency derivatives for those interested in digital assets.
On the other hand, Questrade presents a selection of 641 tradeable symbols but distinguishes itself by allowing the purchase of exchange-traded securities on both U.S. and international exchanges. This feature enables clients to directly invest in companies like Apple and Vodafone. Questrade also supports forex trading with an impressive 110 forex pairs as CFDs or spot contracts and provides access to cryptocurrency derivatives. While it doesn't offer copy trading, its comprehensive selection of investment opportunities contributes to its high rating of 5 stars for the range of investments, reflecting its overall capability and investor reach.
| 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) | Yes | |
| Int'l Stock Trading (Non CFD) | 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.
When comparing online trading platforms, AvaTrade and Questrade both offer a variety of tools aimed at enhancing your trading experience. Both brokers provide free virtual demo accounts for simulated trading and feature proprietary platforms that allow traders to engage via web-based browsers or desktop applications. While AvaTrade and Questrade facilitate trading directly from charts, AvaTrade edges ahead by supporting MetaTrader 4 and 5, as well as offering copy trading and ZuluTrade options. The firm's diverse trading capabilities contribute to its high rating of 4.5 stars for trading platforms and tools.
Questrade, on the other hand, positions itself with a solid array of amenities that include DupliTrade compatibility and a stronger selection of drawing tools for charting, totaling 20 compared to AvaTrade's 13. Furthermore, Questrade offers 52 fields for watch lists, which provides a more detailed approach to monitoring investments than AvaTrade's 7 fields. Despite these strengths, Questrade is rated slightly lower at 4 stars in the same category, ranking #34 out of 63 brokers, compared to AvaTrade's #13 ranking. Ultimately, the choice between these platforms might come down to specific tool preferences and trading needs.
| 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 | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | Yes |
| ZuluTrade | Yes | |
| 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.
Both AvaTrade and Questrade provide comprehensive mobile trading experiences for both iPhone and Android users. Their apps are packed with essential features like stock and forex price alerts and watchlist symbol syncing, allowing users to keep their trading activities in sync across devices. Both apps provide the functionality to draw trendlines and view different time frames on charts, catering well to technical traders. However, AvaTrade edges out slightly when it comes to the number of technical studies offered, providing 73 compared to Questrade’s 64. Additionally, while both platforms support the creation of watchlists with real-time quotes, Questrade’s app has the added benefit of auto-saving drawings on charts.
In terms of user ratings and rankings, AvaTrade scores a higher 4.5 stars compared to Questrade’s 4 stars for their mobile trading apps. According to ForexBrokers.com, AvaTrade holds a stronger position, ranked at #13 out of 63 brokers, while Questrade is a bit further down the list at #34. Both platforms deliver highly functional and feature-rich mobile trading apps, but AvaTrade may be the better choice for those seeking a few more charting features and a higher-rated user experience.
| 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 | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and Questrade for market research, several factors come to light. AvaTrade provides a comprehensive selection of research tools, including forex news from top-tier sources like Bloomberg and Reuters and a sentiment-based trading tool. The platform also caters to users with analysis tools from Trading Central and an economic calendar highlighting global economic events. Despite lacking certain tools from companies like Autochartist and Acuity Trading, AvaTrade's broad offerings earn it a research rating of 4 out of 5 stars. It's ranked 34th for research by ForexBrokers.com, showing a favorable position among competitors.
On the other hand, Questrade offers features that include market research from TipRanks and technical analysis tools from Autochartist and Trading Central, catering to users seeking detailed insights. However, it does not provide daily market commentary or a sentiment-based trading tool. Despite these limitations, Questrade maintains a comprehensive economic calendar similar to AvaTrade. This contributes to its research rating of 3.5 stars and a ranking of 51st out of 63 brokers by ForexBrokers.com. Users prioritizing research tools may find AvaTrade more suitable, while those interested in specialized reports from TipRanks might opt for Questrade.
| Feature |
AvaTrade
|
Questrade
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between AvaTrade and Questrade, it becomes clear that both platforms offer a solid foundation in forex and CFD education. AvaTrade provides at least 10 educational pieces focusing on these areas, with similar offerings available from Questrade. They both cater to beginners specifically, offering over 10 videos dedicated to introductory trading concepts. However, AvaTrade stands out by offering monthly online educational client webinars, whereas Questrade does not.
In addition to beginner-friendly content, AvaTrade also offers advanced educational videos tailored for experienced traders, a feature Questrade lacks. Further enhancing its resource offerings, AvaTrade includes an investor dictionary with definitions of over 50 investing terms, which is another feature absent from Questrade's lineup. As reflected in their ratings, AvaTrade earns a notable 4 stars compared to Questrade's 3.5 stars for educational resources. Ranking #2 out of 63 brokers on ForexBrokers.com for education, AvaTrade significantly outperforms Questrade, which is ranked at #36. Overall, AvaTrade provides a more comprehensive educational package for traders at all levels.
| Feature |
AvaTrade
|
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 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
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Questrade
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| Trust Score | 94 | 86 |
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While both AvaTrade and Questrade offer the ability to buy cryptocurrency derivatives, neither platform provides the option to purchase actual, delivered cryptocurrency.
Both AvaTrade and Questrade provide options for deposits and withdrawals via Visa, Mastercard, and bank wires, but while AvaTrade also supports PayPal and Skrill, Questrade offers limited information on these options and does not specify support for 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 | |
| Winner | check_circle | ||
| 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) | |||
| 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 | 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) | |||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | AvaTrade | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | ||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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) | Yes | ||
| Int'l Stock Trading (Non CFD) | 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 | 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 | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | AvaTrade | 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 |
| Trading Platforms | AvaTrade | 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 | Yes | |
| ZuluTrade | Yes |
| 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 | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | Questrade | |
|---|---|---|---|
| Daily Market Commentary | |||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | 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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