Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco and Questrade are two prominent online brokers, each serving the financial needs of clients since the late 1990s and early 2000s. Founded in 1999, Fineco is a publicly traded bank, offering customers a sense of stability and secure regulatory backing with its two Tier-1 licenses. It boasts a high ForexBrokers.com Trust Score of 94, placing it in the highly trusted category. In contrast, Questrade, established in 2000, is not publicly traded and operates without the backing of a bank. However, it matches Fineco in regulatory strength with two Tier-1 licenses, despite having no Tier-2 licenses, earning it a trusted Trust Score of 86.
While both brokers are valued for their reliability, Fineco's standing as a bank and its publicly traded status may naturally appeal to investors prioritizing institutional reliability and transparency. On the other hand, Questrade, known for its competitive services, remains a trusted choice for those seeking diverse investment opportunities in a non-bank structure. Both brokers reinforce their positions in the financial market with identical Tier-1 credentials, giving users confident assurance of their regulatory strength.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Fineco’s commissions and fees are hard to pin down because it doesn’t publish average spread data for forex or CFDs. The broker lists the EUR/USD spread at 1.0 pip—and sometimes 0.8 pips—but neither figure is labeled as an average or tied to a date range, and 1.0 pip would still be higher than the typical rate many forex brokers quote. On the plus side, Fineco appears to offer lower pricing on index CFDs. Overall, Fineco earns 3.5 out of 5 stars for commissions and fees and ranks 52nd out of 63 brokers according to ForexBrokers.com.
Questrade’s pricing is more straightforward but not particularly sharp for forex traders: its target spread on EUR/USD is 1.9 pips, which is steep versus the industry norm. Questrade receives 3 out of 5 stars for commissions and fees and ranks 59th out of 63 brokers with ForexBrokers.com.
Comparing the two, Fineco edges Questrade on costs based on ratings and ranking, and may be more appealing if you trade index CFDs. However, Fineco’s lack of average spread data makes its true forex costs less clear, while Questrade’s published EUR/USD spread is plainly higher than many competitors. For frequent forex trading, neither stands out for low spreads, but Fineco holds a slight advantage overall (3.5/5 stars, #52) versus Questrade (3/5 stars, #59).
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and Questrade both cover the essentials for range of investments: each supports forex trading either as CFDs or spot, and both let you buy exchange-traded securities on U.S. and international markets (think Apple on Nasdaq and Vodafone in London). Neither offers copy trading or direct, delivered cryptocurrency. If you want crypto exposure, only Questrade provides it via cryptocurrency CFDs; Fineco does not.
In total market access, Fineco lists 9,770 tradeable symbols versus Questrade’s 641. Questrade counters with more currency choice, offering 110 forex pairs to Fineco’s 54, plus those crypto CFDs. According to ForexBrokers.com, Fineco is rated 4.5/5 stars and ranks 17th out of 63 for Range of Investments, while Questrade earns 5/5 stars and ranks 12th. Put simply, Fineco suits investors who want a very large menu of markets and global shares, whereas Questrade is stronger for traders who prioritize a wider set of forex pairs and access to crypto via CFDs.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 641 |
| Forex Pairs (Total) | 54 | 110 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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.
Fineco and Questrade both offer proprietary trading platforms with access on Windows desktop and the web, but they differ in key ways. Questrade provides a free paper trading (demo) mode, while Fineco does not. If you like placing orders right from a price chart, Questrade supports this; Fineco does not. Neither broker offers copy trading, MT4, or MT5, so your experience centers on their in-house platforms rather than third-party software.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools. That said, Fineco ranks higher in this category (#18 of 63 at ForexBrokers.com) compared with Questrade (#35 of 63). If you want to practice first or trade directly from charts, Questrade is appealing. If you’re ready to trade live and prefer a streamlined, proprietary setup, Fineco stands out. Details on the exact number of chart indicators and watch list fields were not specified.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 37 | 64 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Fineco vs. Questrade for mobile trading: both brokers offer iPhone and Android apps, plus stock and forex price alerts. If you just want to check prices and place trades on the go, either app will cover the basics.
For tools and convenience, Questrade pulls ahead. Questrade includes 64 technical studies for charting (Fineco has 6), supports drawing trendlines, and auto-saves those drawings. Questrade also syncs watchlists between the mobile app and your online account, while Fineco does not. Both earn 4 out of 5 stars for their Mobile Trading Apps, but ForexBrokers.com ranks Questrade higher (#35 of 63) than Fineco (#43 of 63). Traders who want more charting features and synced watchlists may prefer Questrade, while Fineco suits simpler, on-the-go monitoring.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 64 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Fineco vs Questrade: which broker offers better market research? Both lack daily market commentary, and both provide an economic calendar to track upcoming events. Fineco stands out for delivering forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), while our data does not list equivalent coverage for Questrade. Overall, Fineco earns 4.0/5 stars for Research and ranks 34th out of 63 brokers at ForexBrokers.com, compared with Questrade’s 3.5/5 stars and 52nd place.
When it comes to third-party tools, Questrade includes Autochartist and Trading Central, while Fineco does not offer either. Neither broker provides a sentiment trading tool. Questrade offers TipRanks research; Fineco’s TipRanks availability is not specified. For Acuity Trading tools (e.g., Signal Centre), Questrade does not offer them, and Fineco’s status is not specified. In short: choose Fineco if you value high-quality forex news coverage, or Questrade if you want popular technical research add-ons like Autochartist and Trading Central.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Fineco and Questrade both give beginners a solid start with at least ten introductory trading videos. Only Fineco hosts ongoing client webinars (at least one per month), which can help newcomers learn in real time and ask questions. Neither broker reaches the mark for ten or more advanced trading videos. The details provided here don’t confirm whether either broker meets the 10-piece threshold for forex- or CFD-focused education.
For ratings, Fineco scores 4.0/5 for Education and Questrade scores 3.5/5. In ForexBrokers.com’s Education rankings, Fineco is #49 of 63 brokers, while Questrade is #36 of 63. If live learning matters, Fineco’s monthly webinars may make it the better fit for beginners. If you prefer a provider that ranks higher in the Education category overall, Questrade has the edge, while both cover the basics through beginner videos.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than Questrade. Fineco finished with an overall rank of #25, while Questrade finished with an overall rank of #32.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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Questrade
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| Trust Score | 94 | 86 |
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Fineco vs Questrade: Fineco does not offer buying actual delivered cryptocurrency or crypto CFDs, while Questrade also doesn’t support purchasing real cryptocurrency but does provide access to cryptocurrency CFDs.
Fineco vs Questrade funding methods: Fineco supports ACH/SEPA deposits and withdrawals while Questrade does not; Questrade supports bank wire transfers, PayPal and Skrill are not available at Questrade, and Fineco’s support for PayPal, Skrill, Visa/Mastercard, and bank wires—as well as Visa/Mastercard at Questrade—was not specified.
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 | Fineco | Questrade | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | Questrade Review |
| Broker Screenshots | Fineco | Questrade | |
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| Regulation | Fineco | Questrade | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Fineco | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | 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) | Fineco | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Fineco | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 641 | |
| Forex Pairs (Total) | 54 | 110 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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 | Fineco | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | No | No |
| Funding | Fineco | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Fineco | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Fineco | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 37 | 64 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 64 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Fineco | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | Yes | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Fineco | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Fineco Review | Questrade Review |
| Overall | Fineco | Questrade | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | Questrade Review |
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