Written by ForexBrokers.com
In this head to head comparison of Questrade vs Exness, 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.
Questrade and Exness are both online brokers offering trading services without being listed on any stock exchange or operating as banks. Questrade, established in 2000, holds two Tier-1 licenses, reflecting a high level of trust from ForexBrokers.com. In comparison, Exness, founded in 2008, also has two Tier-1 licenses but holds an additional three Tier-2 licenses, which are considered trusted.
Looking at their Trust Score ratings, Questrade earns a score of 86 out of 99, placing it solidly in the trusted category according to ForexBrokers.com standards. Exness, with a Trust Score of 81, also falls into the trusted range, slightly trailing behind Questrade in terms of perceived reliability. Both brokers offer trusted services, though they differ slightly in how they are regulated and rated.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Year Founded | 2000 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When it comes to trading costs, Questrade and Exness offer distinct pricing structures for traders to consider. Questrade has a slightly higher target spread of 1.9 pips for the popular EUR/USD pair, which is above the industry average. This could be a significant factor for traders who prioritize low spreads as part of their trading strategy. Questrade is rated 3 stars out of 5 for its commissions and fees and is ranked 58th out of 63 brokers by ForexBrokers.com in this category.
Exness, on the other hand, provides a range of account types catering to different trader preferences, including two standard accounts and three professional accounts, each with varying spreads and commission models. For instance, Exness' "zero spread" account offers zero spreads but charges a per-trade commission, while the "Raw" account provides lower spreads with market execution and a per-trade commission fee. This versatility allows traders to select accounts based on their specific needs, such as preferring narrow spreads or minimal commission. Exness holds a 4-star rating out of 5 for commissions and fees and is ranked 35th out of 63 by ForexBrokers.com.
Overall, while Questrade is straightforward in its cost structure, it might not appeal as much to cost-sensitive traders due to its relatively higher spreads. In contrast, Exness might be more attractive to those who appreciate a more customizable trading experience, with options for both low spreads and minimal commission fees. Each broker has its merits, and traders would benefit from considering their own trading goals when deciding between Questrade and Exness.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Minimum Deposit | $250 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available through Questrade and Exness, it's clear that each online broker offers distinct opportunities for traders. Questrade provides clients with access to forex trading as a CFD or spot contract, boasting an impressive 641 tradeable symbols, including 110 forex pairs. This Canadian broker also allows users to invest directly in U.S. and international exchange-traded securities, offering a broader variety of assets like Apple shares and Vodafone stocks. However, Questrade does not provide a platform for copy trading or the purchase of actual cryptocurrencies, though it does allow the trading of cryptocurrency derivatives.
On the other hand, Exness also facilitates forex trading through CFDs or spot contracts but with a more limited selection of 227 tradeable symbols and 96 forex pairs compared to Questrade. While Exness lacks options for buying exchange-traded securities directly on U.S. or international markets, it supports copy trading, which can be advantageous for some traders. Both brokers offer cryptocurrency derivatives rather than actual cryptocurrencies. In rankings, Questrade shines with five stars and holds the 11th position among 63 brokers for its range of investments, whereas Exness achieves a solid 3.5-star rating and ranks 55th in the same category.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 227 |
| Forex Pairs (Total) | 110 | 96 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing trading platforms and tools between Questrade and Exness, both brokers offer simulated trading through free virtual demo accounts and have developed proprietary platforms in-house. They each provide a Windows-based desktop download option, alongside web-based trading platforms accessible through a browser. However, while Questrade incorporates DupliTrade, Exness does not. Exness stands out with optional integrations for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Questrade lacks. Notably, Exness offers copy trading features, unlike Questrade.
Technical charting tools differ between the two, with Exness providing a robust 87 drawing tools compared to Questrade’s 20. Both platforms allow trading directly from stock charts, but Questrade excels in watch list features, offering 52 fields versus Exness’s 7. Despite these differences, both platforms share a four-star rating for trading platforms and tools. According to ForexBrokers.com rankings, Exness ranks slightly higher at #26, whereas Questrade is positioned at #34 out of 63 brokers evaluated.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 107 |
| Charting - Drawing Tools (Total) | 20 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and Exness, both platforms offer comprehensive features for iPhone and Android users, including stock and forex price alerts. While both provide the flexibility to draw trendlines and view charts across multiple timeframes, Questrade leads with 64 technical studies available for charting in its app, compared to Exness's 35. Furthermore, Questrade stands out by allowing watchlist symbol syncing between its mobile app and the online account, a feature Exness lacks. Questrade also offers auto-saving of drawings on charts, adding to the convenience for its users.
Both platforms enable creating watchlists with real-time quotes, ensuring traders stay in the loop with dynamic market movements. Despite these similarities, the apps differ in their recognition, with Exness slightly ahead by ranking #26 compared to Questrade's #34 in ForexBrokers.com's Mobile Trading Apps category out of 63 brokers. Nonetheless, both apps receive a solid 4-star rating, reflecting strong user satisfaction. This suggests that while each has its strengths, choosing between them may depend on specific features traders find most beneficial for their investment strategies.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Questrade and Exness each bring unique strengths to the table. Exness stands out with its daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters, making it a solid choice for traders who prioritize staying updated with daily insights. Additionally, Exness offers a sentiment analysis tool that provides insights into market positions across various currency pairs, which can be quite useful for gauging market sentiment. However, Exness does not currently provide any research tools from Autochartist, although it does include resources from Trading Central.
On the other hand, Questrade covers a different array of strengths by integrating tools from Autochartist and offering market research from TipRanks, catering to traders who value technical and fundamental analysis. Although Questrade doesn't provide daily commentary or access to top-tier forex news, it compensates with a comprehensive economic calendar and resources from Trading Central. Both Questrade and Exness are rated 3.5 stars for research, yet Exness ranks higher in the Research category according to ForexBrokers.com, coming in at #41 out of 63 brokers, compared to Questrade's ranking at #51.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to sharpen their skills in forex and CFD trading, both Questrade and Exness provide valuable educational resources. Each platform offers more than ten educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. However, neither broker conducts monthly online educational webinars, and both have your back with a searchable archive of previously recorded webinars, making it easy for you to learn at your own convenience. When it comes to materials specifically designed for beginners, both Questrade and Exness provide over ten introductory videos covering trading essentials, ensuring a solid starting point for novice traders.
Despite their strengths in beginner education, neither Questrade nor Exness offer advanced educational videos for seasoned traders. Notably, Exness stands out with its inclusion of an investor dictionary featuring definitions for at least 50 investing terms, a resource that Questrade lacks. In terms of education quality, both online brokers receive a rating of 3.5 out of 5 stars, with Questrade ranking slightly higher at #36 compared to Exness at #47 in ForexBrokers.com's education category out of 63 brokers.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Exness. Questrade finished with an overall rank of #32, while Exness finished with an overall rank of #43.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 86 | 81 |
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Neither Questrade nor Exness provides the option to buy actual delivered cryptocurrency, though both platforms offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Questrade and Exness, neither offers ACH or SEPA transfers, nor PayPal for depositing or withdrawing funds; however, Exness supports Skrill while both brokers allow transactions via Visa, Mastercard, and bank wires, making Exness slightly more versatile in payment options.
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 | Questrade | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | Questrade Review | Exness Review |
| Broker Screenshots | Questrade | Exness | |
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| Regulation | Questrade | Exness | |
|---|---|---|---|
| Trust Score | 86 | 81 | |
| Year Founded | 2000 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | Questrade | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 227 | |
| Forex Pairs (Total) | 110 | 96 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Questrade | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Exness | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 107 | |
| Charting - Drawing Tools (Total) | 20 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | Exness | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | Exness | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review | Exness Review |
| Overall | Questrade | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | Questrade Review | Exness Review |
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