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City Index vs Questrade 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 675

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 vs. Questrade: City Index was founded in 1983 and is publicly traded, while Questrade started in 2000 and is not publicly traded. Neither broker is a bank.

For regulation and safety, City Index holds seven Tier-1 and one Tier-2 licenses and earns a 99/99 Trust Score from ForexBrokers.com (90–99 = highly trusted). Questrade holds one Tier-1 license, no Tier-2 licenses, and scores 85/99 (80–89 = trusted).

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 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

City Index and Questrade take different approaches to pricing, but both can cost more or less depending on what you trade. City Index’s commissions and fees are generally in line with the industry average for CFDs, forex, and spread betting, especially if you trade on its own platforms or MetaTrader. It also offers a Premium Trader account for active traders who deposit more than £10,000, plus rebates for high-volume traders in the U.K. and Australia. City Index is rated 4.5/5 stars for commissions and fees and is ranked #16 out of 36 brokers.

Questrade Global uses spread-based pricing, which means the trading cost is built into the spread rather than charged as a separate commission on forex. While Questrade says spreads can start as low as 0.8 pips, real-world major-pair spreads may be closer to 2.1 to 2.5 pips, which can make trades more expensive than some low-cost competitors. On CFDs, Questrade adds a $9.95 USD fee per unit on top of the spread, which can push total trading costs much higher, especially for larger or longer-held positions. Questrade is rated 3.5/5 stars and ranked #33 out of 36 brokers.

Overall, City Index offers the better value for commissions and fees compared with Questrade, especially for active forex and CFD traders who want more competitive pricing. Questrade may still suit some traders, but its spread costs and added CFD fees make it the pricier option in this comparison.

Feature City Index logoCity Index
Questrade logoQuestrade
Minimum Deposit info £100.00 $0
Average spread (EUR/USD) - Standard account info 1.4 info 0.8 or higher
All-in Cost EUR/USD - Active info 0.9 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

When comparing City Index vs Questrade for range of investments, City Index offers a much wider selection overall, with 13,500 tradeable symbols compared with Questrade’s 675. Both brokers support forex trading, but Questrade lists more forex pairs at 110 versus City Index’s 66. Neither broker offers direct buying of U.S. or international exchange-traded shares, and neither lets clients buy actual cryptocurrency.

Where City Index stands out is in extra trading features: it offers copy trading and cryptocurrency CFDs, while Questrade does not. Both brokers are rated 5 stars for Range of Investments, but ForexBrokers.com ranks City Index higher at #8 out of 36 brokers, ahead of Questrade at #12. For traders who want a broader product list and more added trading tools, City Index has the edge.

Feature City Index logoCity Index
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 675
Forex Pairs (Total) info 66 110
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

City Index and Questrade both give traders a choice of a free demo account, a proprietary platform, a Windows desktop app, and a web-based platform, so either broker can work well if you want to test strategies or trade from different devices. Both also let you trade directly from a chart, which can make order entry quicker and easier for active traders.

Where City Index stands out is in copy trading and MetaTrader 4 (MT4), two tools Questrade does not offer. City Index also scores higher for trading platforms and tools, earning 4.5 out of 5 stars and ranking #11 out of 36 brokers, compared with Questrade’s 4 stars and #28 ranking. Neither broker offers MetaTrader 5 (MT5).

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 make it easy to trade on the go with iPhone and Android apps, plus handy features like stock or forex price alerts, watchlist syncing with your online account, trendline drawing, and auto-saving chart drawings. For everyday mobile use, both apps cover the basics well and help traders keep track of the market from anywhere.

That said, City Index has the edge in mobile charting and overall app quality. Its app offers 88 technical studies, compared with 64 for Questrade, and it is rated 4.5 out of 5 stars for mobile trading apps versus Questrade’s 3.5. City Index is also ranked #9 out of 36 brokers by ForexBrokers.com in this category, while Questrade sits at #28, making City Index the stronger choice for traders who want a better mobile experience.

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

For market research, City Index offers a stronger all-around package than Questrade. City Index provides daily market commentary, forex news from top sources like Bloomberg and Reuters, a sentiment tool for viewing long and short positioning, and an economic calendar for tracking major global events. It also includes Trading Central research tools, which can help traders spot potential opportunities. As a result, City Index is rated 4.5 out of 5 stars for research and ranks #10 out of 36 brokers in the ForexBrokers.com research category.

Questrade has some useful research features too, including Autochartist, Trading Central, and TipRanks market research. However, it does not offer daily market commentary, top-tier forex news, a sentiment tool, or an economic calendar. That leaves it with fewer built-in market insights overall, and it is rated 3.5 out of 5 stars for research, ranking #34 out of 36 brokers. For traders who want more frequent updates and a wider range of research tools, City Index has the edge.

Feature City Index logoCity Index
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
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 No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking for learning support, City Index offers a much wider range of education than Questrade. City Index provides forex and CFD education, runs online client webinars at least once a month, and includes 10 or more beginner videos as well as 10 or more advanced videos. Questrade, by comparison, does not meet the same level of forex or CFD learning content, does not offer monthly educational webinars, and does not have the same depth of beginner or advanced video material.

That difference shows up in third-party ratings as well. City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers in the category, while Questrade is rated 3.5 stars and ranks #28. If you want more structured help and more content aimed at new traders, City Index is the stronger choice.

Feature City Index logoCity Index
Questrade logoQuestrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
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 #29.

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 85
Range of Investments 5/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 3.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Questrade?

In the City Index vs Questrade comparison for cryptocurrency trading, both online brokers do not offer purchasing actual (delivered) crypto, but only City Index provides cryptocurrency CFD trading while Questrade does not.

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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Overall Rating City Index Questrade
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 85
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 85
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 1
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 (FSA 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 CMA 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 675
Forex Pairs (Total) info 66 110
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 City Index Questrade
Average spread (EUR/USD) - Standard account info 1.4 info 0.8 or higher
All-in Cost EUR/USD - Active info 0.9 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 $0
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 No
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info Yes No
Economic Calendar info Yes No
Education City Index Questrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
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
Trading Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 85
Winner check_circle
Review City Index Review Questrade Review
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