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, established in 1999, and Questrade, founded in 2000, both excel in online brokerage services but differ in several key aspects. Fineco, which operates as a bank and is publicly traded, boasts a strong Trust Score of 94 according to ForexBrokers.com, indicating a highly trusted status. Questrade, although not publicly traded and not operating as a bank, still achieves a respectable Trust Score of 86, placing it within the trusted category. Both brokers possess two Tier-1 licenses, confirming their reliability in the online trading industry.
While Fineco has no Tier-2 licenses, which signifies broader regulatory oversight, this does not diminish its credibility given its solid Trust Score. In contrast, Questrade also holds no Tier-2 licenses but maintains its trusted reputation domestically. When choosing between these brokers, it's important to consider their different business models and regulatory standings, both of which appeal to the ethos of trust and reliability in financial transactions.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | |
| Bank | Yes | |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of Fineco and Questrade for online trading, Fineco emerges with a slight edge. Fineco does not provide average spread data for forex and CFD trading, making it hard to fully gauge its trading costs. It does, however, list a EUR/USD spread of 1 pip, which is relatively higher compared to other forex brokers. Fineco also mentions a spread of 0.8 pips without indicating if this is an average, or specifying a time frame. Interestingly, Fineco seems to offer more competitive spreads on its index CFDs.
On the other hand, Questrade's target spread on the EUR/USD stands at 1.9 pips, which is considered steep compared to the industry average. This makes Questrade's offering less attractive for traders mindful of spreads. Despite this, both platforms offer unique features that cater to different trading needs.
In terms of ratings and rankings, Fineco is rated 3.5 stars for commissions and fees, taking the 51st spot out of 63 brokers evaluated by ForexBrokers.com. Questrade follows closely with a 3-star rating, positioned at 58th in the same category. Both brokers present distinct advantages and areas for improvement, making them suitable for varying trading strategies and preferences.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| 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 | Yes | |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Visa/Mastercard (Credit/Debit) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to online trading platforms, both Fineco and Questrade stand out with their extensive range of investment options, yet they cater to slightly different needs. Fineco offers a substantial array of 9,770 tradeable symbols, giving investors broad opportunities across various markets. This includes access to 54 forex trading pairs available as CFDs or spot contracts. Moreover, Fineco allows clients to trade exchange-traded securities on both U.S. and international markets, providing flexibility for global investors. In comparison, Fineco does not explicitly mention options for cryptocurrency derivatives or copy trading, reflecting its primary focus on more traditional investment fields.
Questrade, on the other hand, provides 641 tradeable symbols, with a focus on U.S. exchange-traded securities and international stocks. It offers a significant range of 110 forex pairs available for trading as CFDs or spot contracts, appealing to those interested in forex trading. Additionally, Questrade allows trading of cryptocurrency derivatives, a feature not highlighted by Fineco. Even though it offers fewer tradeable symbols overall, Questrade has received a higher rating of 5 stars for its range of investments compared to Fineco’s 4.5 stars, reflecting its well-rounded offerings including cryptocurrencies. According to ForexBrokers.com, Questrade ranks higher at #11 in the Range of Investments category compared to Fineco’s #16, indicating a slightly better market positioning in this aspect.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 641 |
| Forex Pairs (Total) | 54 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | ||
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | 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 provide a solid trading experience with their proprietary platforms that are available for web browsers and Windows desktops. Questrade, however, offers a bit more for those seeking to practice without financial risk, as it includes a virtual demo account for simulated trading. In addition, while neither supports MetaTrader platforms, Questrade does offer DupliTrade for automated trading strategies. When it comes to charting capabilities, Questrade stands out with more features, including 20 drawing tools and the option to trade directly from stock charts, as well as having 52 customizable fields for watchlists.
In terms of ratings, both brokers received four stars for their trading platforms and tools. However, Fineco is ranked higher, coming in at 18th place according to ForexBrokers.com, while Questrade is positioned at 34th among 63 brokers. This indicates that despite Questrade’s advantage in specific tools and demo trading options, Fineco has a strong all-around platform that appeals to a broad spectrum of traders.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | ||
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 37 | 64 |
| Charting - Drawing Tools (Total) | 7 | 20 |
| Charting - Trade From Chart | Yes | |
| Watchlists - Total Fields | N/A | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Fineco and Questrade offer mobile trading apps for iPhone and Android users, providing essential tools for traders on the go. Both apps include stock and forex price alerts and support viewing multiple time frames, such as daily, weekly, or intraday, adding flexibility for analyzing market movements. However, when it comes to watchlist functionality, Questrade allows users to sync their watchlists across devices and create lists with real-time quotes, while Fineco lacks these conveniences. This makes managing and tracking chosen investment symbols more streamlined in Questrade's app.
Charting tools reveal more differences in the offerings of these two online brokers. Fineco's app includes six technical studies, while Questrade impressively offers 64, along with the ability to draw trendlines and automatically save these drawings. This robust charting capability could be a decisive factor for those who rely heavily on technical analysis. Both apps are rated four out of five stars for mobile trading, yet ForexBrokers.com ranks Questrade slightly higher at #34 compared to Fineco’s #42. Overall, for those valuing comprehensive charting features and watchlist syncing, Questrade may present a more attractive option.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 64 |
| Mobile Charting - Draw Trendlines | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes |
Dive deeper: Best Forex Trading Apps.
Fineco and Questrade offer distinctive features for market research, catering to different needs. Fineco provides daily forex news sourced from prestigious outlets like Bloomberg and Reuters, alongside a comprehensive economic calendar highlighting global economic events. However, Fineco lacks specific tools like Autochartist and Trading Central, as well as sentiment-based trading tools or integration with providers like TipRanks or Acuity Trading for further market insights. Despite these limitations, Fineco is highly rated with 4.0 stars for research, securing a prominent rank of 33 out of 63 brokers as per ForexBrokers.com.
In contrast, Questrade excels in offering advanced technical analysis and fundamental research tools from Autochartist and Trading Central, as well as market insights from TipRanks, positioning it as a versatile choice for traders who value detailed technical and fundamental analysis. Questrade, like Fineco, provides an economic calendar, but does not include sentiment-based trading tools or daily market commentary. Despite a slightly lower research rating of 3.5 stars, Questrade’s offerings may appeal to those seeking a broader range of analysis tools, ranking it at 51 out of 63 brokers in the research category, according to ForexBrokers.com.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | ||
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners, Fineco and Questrade each offer unique benefits. Fineco shines with its commitment to catering to beginners, featuring over ten beginner-focused trading videos and a valuable investor dictionary with more than 50 investing terms. Fineco also hosts monthly webinars, offering opportunities for interactive learning. However, it lacks a significant library of forex or CFDs educational content and does not provide a searchable archive of past webinars. Fineco is rated 4.0 out of 5 stars for education, ranking 49th out of 63 brokers according to ForexBrokers.com.
Questrade, on the other hand, excels in providing foundational content for forex and CFD education with a collection of over ten educational pieces. It also offers beginners more learning opportunities with over ten trading-specific videos and a searchable archive of previously recorded client webinars, which is something Fineco does not provide. However, Questrade does not regularly host online webinars or provide an extensive investor dictionary. Its educational resources have earned it a 3.5 out of 5-star rating and a 36th place ranking out of 63 brokers on ForexBrokers.com. While both brokers support beginners with valuable resources, potential users may choose based on the specific tools and access each platform offers.
| Feature |
Fineco
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | Yes | |
| Client Webinars (Archived) | 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 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
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Fineco does not offer the ability to buy actual (delivered) cryptocurrency or cryptocurrency derivatives, whereas Questrade does not provide the option to buy actual (delivered) cryptocurrency but does allow the purchase of cryptocurrency derivatives.
Fineco and Questrade both support bank wire transfers, but while Fineco accepts ACH and SEPA transfers for account deposits and withdrawals, Questrade offers Visa or Mastercard options instead.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Fineco | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | Questrade Review |
| Broker Screenshots | Fineco | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Fineco | Questrade | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | Yes | ||
| Bank | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| 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) | 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) | Fineco | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Fineco | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 641 | |
| Forex Pairs (Total) | 54 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | |||
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | 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 | 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 | ||
| Execution: Market Maker |
| Funding | Fineco | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Visa/Mastercard (Credit/Debit) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Fineco | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | |||
| MetaTrader 4 (MT4) | |||
| MetaTrader 5 (MT5) | |||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Fineco | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | ||
| Alerts - Basic Fields | Yes | ||
| Watchlists - Total Fields | N/A | 52 | |
| Charting - Indicators / Studies (Total) | 37 | 64 | |
| Charting - Drawing Tools (Total) | 7 | 20 | |
| Charting - Trade From Chart | Yes | ||
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | ||
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 6 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | ||
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | Questrade | |
|---|---|---|---|
| Daily Market Commentary | |||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | |||
| Economic Calendar | Yes | Yes |
| Education | Fineco | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | Fineco | Questrade | |
|---|---|---|---|
| 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 | Fineco Review | Questrade Review |
| Overall | Fineco | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill