Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro (founded 2007) and Questrade (founded 2000) are well-known online brokers. eToro is publicly traded, while Questrade is privately held, and neither operates as a bank.
Regulation and trust: ForexBrokers.com classifies Tier-1 regulators as highly trusted and Tier-2 as trusted. eToro holds 4 Tier-1 and 1 Tier-2 licenses and scores 97/99 (highly trusted). Questrade holds 1 Tier-1 license and 0 Tier-2 licenses and scores 85/99 (trusted). On this scale, 90–99 = highly trusted; 80–89 = trusted; 70–79 = average risk; 60–69 = high risk; below 59 = not trusted.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Year Founded | 2007 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, eToro and Questrade take very different approaches. eToro is a market-maker broker that typically shows a variable spread of about 1 pip on EUR/USD, which is a little above the industry average. That said, many traders use eToro more for its social copy trading tools than for low-cost pricing. eToro also offers the eToro Club VIP program, with five tiers from Silver to Diamond for balances between $5,000 and $250,000, plus benefits such as Trading Central access, fee discounts, and a dedicated account manager. eToro is rated 4 out of 5 stars and ranked #24 out of 36 for commissions and fees by ForexBrokers.com.
Questrade Global uses a spread-only model, so its trading costs are built into the bid-ask spread rather than charged as a separate commission on forex. Questrade says spreads can be as low as 0.8 pips in normal market conditions, but typical spreads on major pairs were closer to 2.1 to 2.5 pips at the time of review. That can make trades more expensive in practice, especially for larger positions. For CFDs, Questrade adds a $9.95 USD fee per unit, which can push total trading costs much higher once opening, closing, and overnight financing charges are included. Questrade is rated 3.5 out of 5 stars and ranked #35 out of 36 for commissions and fees.
Overall, eToro comes out ahead of Questrade in this category, mainly because its pricing is simpler and its average costs are a bit easier to manage for many retail traders. Questrade may appeal to some traders who prefer spread-based pricing, but its forex spreads and CFD fees can add up quickly. If low commissions and fees are your priority, eToro has the better score and ranking of the two.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1 | 0.8 or higher |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, eToro gives traders a much wider menu than Questrade. eToro offers 7,441 tradeable symbols, 65 forex pairs, access to U.S. and international exchange-traded securities, copy trading, and both actual cryptocurrency and crypto CFDs. It also supports forex trading as either a CFD or spot contract, making it a flexible choice for people who want more ways to build and trade a portfolio.
Questrade also offers forex trading as a CFD or spot contract, and it has a slightly larger selection of forex pairs at 110. However, its overall range is smaller, with 675 tradeable symbols, and it does not offer U.S. or international exchange-traded securities, copy trading, or cryptocurrency trading. Both brokers receive 5 out of 5 stars for Range of Investments, but eToro ranks higher in this category at #10 out of 36 brokers, compared with Questrade at #12.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 675 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
When comparing eToro vs. Questrade for trading platforms and tools, both brokers give traders a free paper trading account, a proprietary platform, and a web-based platform. Each also lets you trade directly from a chart, which can make order entry simpler for active users. Neither broker supports MetaTrader 4 or MetaTrader 5, so traders looking for those third-party platforms will need to look elsewhere.
The main difference is that Questrade offers a Windows desktop download platform, while eToro does not. eToro stands out for copy trading, which lets users follow and mirror other traders, while Questrade does not offer this feature. Based on ForexBrokers.com, eToro scores 4.5 out of 5 stars for Trading Platforms and Tools and ranks #8 out of 36 brokers, while Questrade scores 4 out of 5 stars and ranks #30, giving eToro the edge overall in this category.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 106 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Questrade both give traders iPhone and Android apps, plus price alerts, watchlist syncing, and the ability to draw trendlines on charts. For everyday mobile trading, that means either broker lets you check markets and manage watchlists on the go with a similar basic setup.
The bigger differences show up in charting and app ratings. eToro offers 104 technical studies in its mobile app, compared with 64 at Questrade, and eToro’s app is rated 4.5 out of 5 stars versus 3.5 for Questrade. In ForexBrokers.com’s mobile trading apps ranking, eToro places #10 out of 36 brokers, while Questrade ranks #30. One tradeoff to note: Questrade auto-saves chart drawings, while eToro does not.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro vs. Questrade for market research, eToro comes out ahead for traders who want more built-in market insight. eToro offers daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows long and short positioning, and an economic calendar with current and upcoming global events. It also includes TipRanks market research. By contrast, Questrade does not offer daily market commentary, top-tier forex news, sentiment data, or an economic calendar, though it does provide TipRanks research.
Questrade does have an edge in a few specialized research tools, including Autochartist and Trading Central, which eToro does not offer. Even so, eToro is rated higher overall for research at 4.5 out of 5 stars, compared with Questrade’s 3.5 stars. ForexBrokers.com also ranks eToro #12 out of 36 brokers for research, while Questrade sits at #36, making eToro the stronger choice for most traders focused on market research.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, eToro stands out over Questrade. eToro offers forex and CFD learning materials, at least one client webinar each month, and plenty of beginner-friendly videos, including more than 10 aimed at new traders. It also has advanced video content for traders who want to go beyond the basics. This depth of learning is reflected in its 4.5-star Education rating and its #3 ranking out of 36 brokers by ForexBrokers.com.
Questrade provides some educational support, but it does not match eToro’s range for forex, CFDs, webinars, or beginner and advanced video lessons. For new investors who want a broker with more step-by-step learning content, eToro is the stronger choice. Questrade’s 3.5-star Education rating and #30 ranking show that it offers less for clients who want regular, easy-to-follow trading education.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Questrade. eToro finished with an overall rank of #9, while Questrade finished with an overall rank of #29.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 97 | 85 |
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In the eToro vs Questrade comparison, eToro lets you buy both real (delivered) cryptocurrencies and cryptocurrency CFDs, while Questrade offers neither.
eToro vs Questrade: among the listed funding and withdrawal methods, eToro supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Questrade supports bank wires but not ACH/SEPA, PayPal, or Skrill; Visa/Mastercard availability is not specified for either.
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 | eToro | Questrade | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
| Broker Screenshots | eToro | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | eToro | Questrade | |
|---|---|---|---|
| Trust Score | 97 | 85 | |
| Year Founded | 2007 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | eToro | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 675 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | eToro | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1 | 0.8 or higher | |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | eToro | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | eToro | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | eToro | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | Yes | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | eToro | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | Questrade | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | eToro Review | Questrade Review |
| Overall | eToro | Questrade | |
|---|---|---|---|
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Questrade Review |
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