menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

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 vs. Questrade on commissions and fees: City Index earns 4.5 out of 5 stars and ranks #16 out of 63 brokers for this category at ForexBrokers.com, while Questrade scores 3 out of 5 stars and ranks #33 out of 63. In short, City Index tends to be more price-friendly for forex and CFD traders, whereas Questrade’s pricing is less competitive.

City Index’s pricing for CFDs, forex, and spread betting is around the industry average, with its average EUR/USD spread at 0.74 pips (July 2023). You’ll typically get the best pricing on City Index’s own platforms or MetaTrader. High-deposit clients (over £10,000) may qualify for the Premium Trader account, which offers exclusive pricing, events, content, and dedicated support. Active trader rebates are available: in the U.K., £4 per million when trading over £25M per month, up to £7.5 per million above £300M; in Australia, rebates range from AUD $4.5 to $14.5 per million depending on tier.

Questrade’s target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. For traders focused on tighter spreads and potential rebates, City Index is likely the more attractive choice on pure trading costs, while Questrade may appeal less to spread‑sensitive forex traders.

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 0.9 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 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 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 iPhone and Android trading apps. You can set stock or forex price alerts in both. Watchlists sync between the mobile app and your online account. Both let you draw trendlines on charts, and those drawings auto-save so you can pick up where you left off on any device.

Where they differ is charting depth and third-party ratings. City Index includes 88 technical studies in its mobile charts compared with Questrade’s 64. In ForexBrokers.com’s Mobile Trading Apps category, City Index earns 4.5 stars and ranks #9 out of 63 brokers, while Questrade earns 4 stars and ranks #28. If you want more indicators and a higher-rated app, City Index is the stronger choice; if you mainly need dependable alerts, synced watchlists, and basic drawing tools, Questrade gets the job done.

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

Comparing market research at City Index vs Questrade: City Index stands out for everyday traders with daily market commentary, a sentiment tool showing long/short positioning, and streaming forex news from top-tier outlets. Both brokers provide an economic calendar and Trading Central research, but Questrade lacks daily commentary and a sentiment tool. According to ForexBrokers.com, City Index earns 4.5/5 stars for research and ranks #10 out of 63 brokers, while Questrade scores 3.5/5 stars and ranks #34.

Tool-wise, Questrade shines with Autochartist and TipRanks access, which City Index doesn’t offer. Both lack Acuity Trading tools. In short, pick City Index if you want in-house commentary, live news, and sentiment insights; choose Questrade if Autochartist and TipRanks are must-haves alongside Trading Central.

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

City Index vs Questrade for beginner education: both brokers offer at least 10 beginner-friendly trading videos, but City Index goes further with monthly client webinars and a library of 10+ advanced videos to grow your skills over time. That extra support aligns with City Index’s 4.5/5 education rating and #9 ranking out of 63 brokers. Questrade also covers the basics with 10+ beginner videos, yet it does not host monthly educational webinars and lacks a deep advanced video catalog, reflected in its 3.5/5 rating and #28 ranking.

Whether each broker provides a dedicated library of 10+ forex/CFD lessons isn’t confirmed in the data provided. If you want live classes and a clear path from beginner to advanced, City Index is the better fit. If you only need a set of beginner videos without live webinars, Questrade can still get you started.

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 #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 86
Range of Investments 5/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 3/5 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 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.

More Comparisons

City Index vs OANDA City Index vs Tickmill City Index vs XM Group City Index vs IC Markets City Index vs ActivTrades City Index vs Interactive Brokers Questrade vs XM Group Questrade vs HFM Questrade vs Octa Questrade vs Vantage Questrade vs IUX Questrade vs Pepperstone

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
× City Index
× Questrade
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating City Index Questrade
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 3/5 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 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 (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 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 0.9 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 $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
Trading Fees 4.5/5 Stars 3/5 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 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
arrow_upward

close
navigate_before navigate_next