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City Index vs Questrade 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
Questrade
4/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 86
  • Tradeable Symbols (Total): 641

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.

Regulation

City Index and Questrade each provide online brokerage services, but they vary significantly in their trust ratings and regulatory backing. Founded in 1983, City Index is publicly traded and boasts a top-tier ForexBrokers.com Trust Score of 99, reflecting its high level of trustworthiness. It holds seven Tier-1 licenses and one Tier-2 license, endorsements that signal its extensive regulatory compliance and reputation within the financial sector. Unlike City Index, Questrade was founded more recently in 2000 and isn't publicly traded. It has a solid Trust Score of 86, which is categorized as trusted, and is backed by two Tier-1 licenses. However, Questrade lacks Tier-2 licenses, which might be a consideration for investors focused on regulatory security.

Feature City Index logoCity Index
Questrade logoQuestrade
Year Founded info 1983 2000
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

City Index keeps commissions and fees around the industry average for CFDs, forex, and spread betting, with the best pricing available on its own platforms or MetaTrader. As of July 2023, the average EUR/USD spread is 0.74 pips. High-volume traders can cut costs further: the Premium Trader account (for deposits over £10,000) offers exclusive pricing and dedicated service, and professional traders can access rebates that start at £4 per million above £25M in monthly volume in the U.K. (up to £7.5 per million over £300M), and from AUD $4.5 to $14.5 per million in Australia. City Index is rated 4.5 out of 5 stars for Commissions and Fees and ranked #15 out of 63 by ForexBrokers.com.

Questrade’s pricing is less competitive for forex, with a target EUR/USD spread of 1.9 pips, which is higher than the industry average. It is rated 3 out of 5 stars for Commissions and Fees and ranked #59 out of 63 by ForexBrokers.com.

Bottom line: City Index generally offers lower spreads and meaningful rebate options for active traders, while Questrade’s higher spreads may appeal less if your priority is keeping forex trading costs down.

Feature City Index logoCity Index
Questrade logoQuestrade
Minimum Deposit info £100.00 $250
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs Questrade: When it comes to range of investments, City Index lists 13,500 tradeable symbols, far more than Questrade’s 641. Both let you trade forex as CFDs or spot, though Questrade offers more currency pairs (110 vs 66). Each broker supports cryptocurrency trading via CFDs; neither allows you to buy and take delivery of actual crypto.

For exchange‑traded securities, Questrade lets you buy and sell U.S. and international stocks and ETFs (for example Apple on NASDAQ and Vodafone in London), while City Index focuses on derivatives and does not offer direct stock dealing. City Index includes copy trading; Questrade does not. Both earn 5 stars for Range of Investments, with City Index ranked #8 of 63 brokers and Questrade #12. Choose City Index for the widest overall instrument list and copy trading, or pick Questrade if you want direct access to U.S. and global shares and a larger selection of forex pairs.

Feature City Index logoCity Index
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 641
Forex Pairs (Total) info 66 110
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

City Index and Questrade both deliver flexible trading platforms with free paper trading, proprietary platforms, Windows desktop software, and web-based trading. Each lets you place orders directly from charts. City Index adds two key perks: copy trading and access to MetaTrader 4 (MT4), while Questrade does not support copy trading and neither broker offers MetaTrader 5 (MT5). If MT4 or copy trading matters to you, City Index has the edge; if you only need a solid desktop and web experience with a demo account, both fit the bill.

For trading platforms and tools, City Index is rated 4.5 out of 5 stars and ranks #11 out of 63 brokers on ForexBrokers.com, while Questrade earns 4 out of 5 stars and ranks #35. Specific counts for technical indicators and watch list columns were not provided in this summary, but both brokers cover the essentials for chart trading and platform access across web and desktop.

Feature City Index logoCity Index
Questrade logoQuestrade
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
Charting - Indicators / Studies (Total) info 88 64
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and Questrade both check the must-haves for a modern mobile trading app: each offers an iPhone app and Android app, price alerts, and watchlists that sync with your online account so changes carry across devices. On charts, both apps let you draw trendlines and automatically save your drawings, making it easy to pick up where you left off.

Where they differ is charting depth and third‑party scores. City Index includes 88 technical studies compared with Questrade’s 64, giving chart-focused traders more tools to work with. Independent ratings also favor City Index: it earns 4.5 out of 5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Questrade holds 4 stars and ranks #35. If you want a broader set of indicators and higher-rated mobile experience, City Index has the edge; if you’re already in the Questrade ecosystem, its app still covers the essentials well.

Feature City Index logoCity Index
Questrade logoQuestrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index stands out for research depth: daily market commentary, streaming forex news from leading outlets (e.g., Bloomberg, Reuters, Dow Jones), Trading Central analytics, a trader sentiment gauge, and an easy-to-scan economic calendar. It doesn’t include Autochartist or TipRanks, and there are no tools from Acuity Trading. Questrade, by contrast, offers Trading Central plus Autochartist and TipRanks, along with an economic calendar, but it lacks daily commentary, a sentiment tool, and comparable in-platform top-tier forex news feeds.

For most traders who want timely news flow and sentiment data inside the platform, City Index has the edge. If you prefer pattern-recognition and equity-focused ideas, Questrade’s Autochartist and TipRanks integrations may appeal. According to ForexBrokers.com, City Index earns 4.5/5 stars for Research and ranks #10 of 63 brokers, while Questrade scores 3.5/5 stars and ranks #52.

Feature City Index logoCity Index
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No Yes
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing education, City Index stands out for ongoing live learning: it runs client webinars at least once a month, while Questrade does not host regular educational webinars. Both brokers provide a solid starter library with at least 10 beginner trading videos, but City Index goes further with at least 10 advanced videos to keep you learning as you gain experience. If you like a mix of videos and live sessions to build skills step by step, City Index offers a more complete path; if you only need basic video lessons, Questrade can still cover the essentials.

These differences show up in third‑party ratings. City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers at ForexBrokers.com. Questrade scores 3.5 out of 5 stars and ranks #36 out of 63. In short, beginners who want frequent webinars and room to advance may prefer City Index, while those seeking a simpler set of beginner videos may find Questrade adequate.

Feature City Index logoCity Index
Questrade logoQuestrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than Questrade. City Index finished with an overall rank of #8, while Questrade finished with an overall rank of #32.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Feature City Index logoCity Index
Questrade logoQuestrade
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 86
Range of Investments 5/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Questrade?

City Index vs Questrade: neither broker supports buying actual delivered cryptocurrency, but both allow trading cryptocurrency through CFDs.

What funding options does each broker offer?

City Index vs Questrade: For deposits and withdrawals, City Index supports ACH/SEPA, PayPal, and bank wires (no Skrill), while Questrade supports bank wires only (no ACH/SEPA, PayPal, or Skrill); Visa/Mastercard availability is not specified for either broker.

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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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Overall Rating City Index Questrade
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 86
Winner check_circle
Review City Index Review Questrade Review
Broker Screenshots City Index Questrade
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Questrade Global web platform dashboard. Questrade Global web platform Autochartist signals. Questrade educational content featured lessons.
Regulation City Index Questrade
Trust Score info 99 86
Year Founded info 1983 2000
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) City Index Questrade
Australia (ASIC Authorised) info Yes
Canada (CIRO Authorised) info Yes Yes
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No
Tier-2 Licenses (Trusted) City Index Questrade
Kenya (CMA Authorised) info No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments City Index Questrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 641
Forex Pairs (Total) info 66 110
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 City Index Questrade
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes No
Funding City Index Questrade
Minimum Deposit info £100.00 $250
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index Questrade
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
Trading Tools City Index Questrade
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 64
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Questrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index Questrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index Questrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review Questrade Review
Overall City Index Questrade
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 86
Winner check_circle
Review City Index Review Questrade Review
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