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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

Comparing commissions and fees, City Index generally lands near the industry average while Questrade tends to be pricier for similar forex and CFD trades. City Index posts an average EUR/USD spread of 0.74 pips (as of July 2023) and offers its most competitive pricing on its own platforms or MetaTrader. Questrade is a spread-only broker, so your costs are built into the bid-ask spread; while spreads can be as low as 0.8 pips in calm markets, typical averages on major pairs are closer to 2.1–2.5 pips, which usually means a higher all-in cost per trade.

City Index also caters to high-volume traders: U.K.-based professionals can earn rebates starting at £4 per million for monthly volumes above £25M, up to £7.5 per million above £300M; in Australia, rebates range from AUD $4.5 to $14.5 per million, depending on tier. There’s a Premium Trader account for clients depositing over £10,000, adding exclusive pricing and support. Overall, City Index earns 4.5/5 stars for commissions and fees and ranks #16 out of 63 brokers in this category.

Questrade’s costs are straightforward but can add up. For forex, a typical 2-pip spread on one standard lot is roughly a $20 all-in cost per trade. For CFDs, Questrade adds a $9.95 USD trading fee per unit when you open and when you close, on top of a small spread—buying one Tesla CFD, for example, would total about $19.95 USD in trading fees plus any overnight financing, so you need a meaningful move just to break even. Questrade earns 3.5/5 stars for commissions and fees and ranks #33 out of 63.

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

City Index and Questrade both let you trade forex either as CFDs or spot. City Index offers a far wider selection overall with 13,500 tradeable symbols compared with Questrade’s 675, while Questrade lists more forex pairs (110 vs. 66). Neither broker lets you buy U.S. or international exchange-traded stocks directly. For crypto, neither supports purchasing actual coins, but City Index does offer cryptocurrency CFDs, which Questrade does not. City Index also provides copy trading, while Questrade does not.

Both earn 5 stars for Range of Investments from ForexBrokers.com. In that category, City Index ranks #8 out of 63 brokers and Questrade ranks #12. If you want access to many markets plus crypto CFDs and copy trading, City Index is the stronger fit; if you value a larger list of currency pairs, Questrade 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 vs Questrade: both brokers deliver user-friendly trading platforms and tools. You’ll get a free paper trading demo account, proprietary (in‑house) platforms, Windows desktop downloads, and web-based platforms. Each also lets you trade directly from charts, making it simple to act on market moves.

Key differences: City Index offers copy trading and supports MetaTrader 4 (MT4), while Questrade does not offer copy trading and does not support MT4. Neither broker supports MT5. According to ForexBrokers.com, City Index earns 4.5/5 stars and ranks #11 out of 63 brokers for Trading Platforms and Tools, whereas Questrade scores 4/5 stars and ranks #28. If you want MT4 or copy trading, City Index is the better pick; if you just need capable web and desktop platforms with chart trading, both fit the bill.

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 offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts and keeps your watchlists in sync with your online account, so changes you make on desktop or mobile appear everywhere. For charting, both let you draw trendlines and auto-save those drawings, which is handy when you revisit a stock or forex pair later.

The main difference is depth of chart tools. City Index includes 88 technical studies versus Questrade’s 64, giving chart-focused traders more choices. Independent ratings also tilt toward City Index: it earns 4.5 out of 5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. If you want a mobile platform with more built-in indicators and a higher third-party rating, City Index is the stronger pick; if you already trade with Questrade, its app still covers the core features most traders need.

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 vs Questrade: For market research, City Index leans into daily insights and news, while Questrade focuses more on third‑party tools. City Index provides daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), a sentiment tool showing long/short positioning, and an economic calendar. Both brokers offer Trading Central, but only Questrade includes Autochartist and TipRanks. Neither broker offers research tools from Acuity Trading.

Based on these features, City Index earns 4.5/5 stars and ranks #10 out of 63 brokers for Research on ForexBrokers.com, while Questrade scores 3.5/5 stars and ranks #34. Choose City Index if you want built-in news, commentary, and sentiment data; pick Questrade if Autochartist and TipRanks are your priority alongside Trading Central.

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 comparing education at City Index and Questrade, City Index is the stronger pick. It runs client webinars at least once a month and offers 10+ beginner trading videos, plus 10+ advanced videos for when you’re ready to go deeper. That depth is reflected in its 4.5/5 Education rating and #9 ranking out of 63 brokers on ForexBrokers.com. Questrade does not host monthly webinars and has fewer than 10 beginner and advanced videos, which aligns with its 3.5/5 Education rating and #28 ranking.

Details about whether either broker provides at least 10 forex- or CFD-specific education pieces weren’t provided here. Based on what is known, beginners will find a clearer learning path at City Index thanks to frequent webinars and a larger video library, while Questrade’s educational content is more limited.

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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