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, founded in 2000, and Exness, established in 2008, are both prominent online brokers in the trading landscape. While neither is publicly traded nor operates as a bank, each company demonstrates its commitment to regulatory compliance through various licenses. Questrade holds two Tier-1 licenses, a recognition given by ForexBrokers.com as highly trusted. Similarly, Exness also holds two Tier-1 licenses but surpasses Questrade in Tier-2 licenses with three, which ForexBrokers.com classifies as trusted.
In terms of trust, Questrade earns a ForexBrokers.com Trust Score of 86, categorizing it as a trusted broker under their rating system. Exness follows closely with a Trust Score of 81, also landing it in the trusted range. Both scores highlight the brokers' efforts to maintain a secure and reliable trading environment for their users, despite distinct approaches to regulatory frameworks.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Year Founded | 2000 | 2008 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade and Exness both offer forex trading, but they differ significantly in the range of investments available to their clients. Questrade provides an extensive selection with 641 tradeable symbols, including 110 forex pairs. It also allows clients to invest in exchange-traded securities on both U.S. and international exchanges, letting investors purchase shares in big-name companies like Apple and Vodafone directly. Exness, on the other hand, offers a more limited range with 227 tradeable symbols and 96 forex pairs but does not support the purchase of traditional stocks on U.S. or international exchanges. Both platforms offer cryptocurrency derivatives for those interested in digital assets, but neither lets users buy actual cryptocurrencies.
When comparing through the lens of user ratings and rankings, Questrade shines brighter with a 5-star rating and holds the 11th rank out of 63 brokers for the range of investments, according to ForexBrokers.com. This suggests a strong reputation for offering a wide variety of investing options. Exness falls a bit behind with a 3.5-star rating and ranks 55th in the same category. While Exness does provide copy trading services, which Questrade does not, the broader access to investment opportunities appears to be more favorable with Questrade for those looking to maximize their trading options.
| 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 | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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.
Both Questrade and Exness offer appealing trading platforms and tools for beginners and experienced traders alike. For those interested in trying out the platforms without financial risk, both brokers provide free virtual demo accounts. Additionally, each broker has developed a proprietary platform, offering unique features to cater to trader preferences. Users can access these platforms on Windows-based desktops or through web-based browsers, ensuring convenience and flexibility in trading. Exness holds a slight edge in compatibility with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular platforms among forex traders, whereas Questrade does not offer these. Both brokers facilitate trading directly from stock charts, enhancing user experience.
When comparing specific features, Questrade offers 52 columns for watch lists, providing more detailed market information compared to Exness's 7 columns. However, Exness boasts 87 drawing tools for charting, surpassing Questrade's 20 tools, which gives traders more options for technical analysis. When it comes to copy trading, Exness provides this service, while Questrade does not. Each broker caters to different needs, making them both viable options depending on individual trading priorities. In terms of ForexBrokers.com rankings, Exness is placed slightly higher than Questrade for trading platforms and tools, though both have earned a commendable 4-star rating.
| 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 | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| 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.
Questrade and Exness both provide mobile trading apps available on iPhone and Android devices. They allow users to set stock and forex price alerts and offer similar essential features like the ability to draw trendlines and view multiple time frames on charts. However, Questrade stands out with 64 technical studies for charting compared to 35 offered by Exness. Both apps provide the ability to create watchlists with real-time quotes, but Questrade also ensures that these watchlists sync with your online account, a feature Exness lacks. Furthermore, Questrade's app automatically saves drawings on charts, while Exness does not offer this functionality.
Rated equally at 4 stars out of 5 for mobile trading apps, both Questrade and Exness deliver a solid user experience. However, Exness edges ahead in industry rankings, securing the 26th position out of 63 brokers compared to Questrade's 34th spot according to ForexBrokers.com. Ultimately, the choice between these two apps may come down to personal preferences for specific features like chart studies and syncing capabilities.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and Exness in terms of market research offerings, each platform has unique features that cater to different needs of traders. Exness provides daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, making it a valuable resource for staying informed with up-to-date information. Additionally, Exness offers a sentiment-based trading tool, which gives traders insight into market trends by showing the ratio of long to short positions. In contrast, Questrade enhances its research capabilities by integrating tools from Autochartist and providing research from the knowledgeable TipRanks, although it lacks daily market commentary and sentiment tools.
Both Questrade and Exness offer strong technical analysis tools utilizing Trading Central and provide economic calendars for tracking global events, ensuring traders have essential data at their fingertips. Despite these advantages, they hold a similar research rating of 3.5 stars out of 5. However, their rankings differ, with Exness positioned at #41 and Questrade at #51 for research in a list of 63 brokers as evaluated by ForexBrokers.com. These differences highlight the unique strengths each platform brings to the table, allowing traders to choose based on their specific research needs and preferences.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources of online brokers Questrade and Exness, both platforms provide substantial learning materials for beginners interested in forex or CFDs trading. Whether you're looking for articles, videos, or archived webinars, each broker offers a library with at least ten educational pieces to help newcomers get started. For beginners preferring video content, Questrade and Exness both cater to this preference with ten or more beginner educational videos. Additionally, each broker offers a searchable archive of previously recorded webinars, ensuring that valuable learning sessions are easily accessible at any time.
Although both platforms deliver solid education for beginners, they differ slightly in some areas. Exness offers an investor dictionary with definitions for at least 50 investing terms, providing an extra learning boost for those new to trading lingo. On the other hand, Questrade doesn't list this feature. When it comes to overall educational quality, both brokers share a rating of 3.5 stars, though Questrade edges out with a slightly higher ranking (#36) compared to Exness (#47) in ForexBrokers.com's Education category out of 63 brokers assessed.
| Feature |
Questrade
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | 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
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Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 81 |
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Questrade and Exness both provide the option to buy cryptocurrency derivatives, with neither platform offering the ability to purchase actual delivered cryptocurrency.
When comparing online brokers Questrade and Exness, both offer bank wires and Visa/Mastercard options for depositing and withdrawing funds; however, Exness additionally supports Skrill payments, while neither broker provides PayPal or ACH/SEPA transfers for these transactions.
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) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | 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) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) | 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 | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | Questrade | Exness | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Questrade | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| 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 | ||
| Mobile Charting - Indicators / Studies | 64 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | 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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