Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FOREX.com (founded 1999) and Questrade (founded 2000) are established online brokers; neither is a bank. FOREX.com is publicly traded, while Questrade is not. On ForexBrokers.com’s 99-point Trust Score—where 90–99 is highly trusted and 80–89 is trusted—FOREX.com scores 99 (highly trusted) and Questrade scores 85 (trusted).
Regulation helps explain the gap. FOREX.com holds 7 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). Questrade holds 2 Tier-1 licenses and no Tier-2 licenses. With ForexBrokers.com also noting that 70–79 is average risk, 60–69 high risk, and below 59 not trusted, FOREX.com’s larger set of top-tier licenses supports its higher trust mark compared with Questrade.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees, FOREX.com generally delivers lower trading costs than Questrade. FOREX.com is rated 4.5 out of 5 stars and ranks #15 of 63 brokers for Commissions and Fees on ForexBrokers.com, while Questrade is rated 3.5 out of 5 stars and ranks #33 of 63.
FOREX.com offers a spread-only Standard account and a commission-based RAW account. In the U.S., the Standard account’s average EUR/USD spread is about 1.4 pips, while clients outside the U.S. have seen averages around 0.74 pips (July 2023). The RAW account posts typical EUR/USD spreads near 0.13 pips (Feb 2024) plus a $7 per standard lot commission ($3.50 per side), which comes to roughly 0.83 pips all-in before rebates. Volume rebates range from $2 to $9 per million traded, but unless you trade more than about $50 million per month (with the very best pricing above $2 billion/month), your all-in costs in the U.S. tend to look similar to the Standard account.
Questrade’s target spread on EUR/USD is about 1.9 pips, which is higher than the industry average and wider than FOREX.com’s typical pricing on both the Standard and RAW accounts. If keeping costs down is your priority, FOREX.com generally offers tighter spreads and more ways to lower your effective rate through volume discounts, whereas Questrade’s wider targets may lead to higher ongoing trading costs.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average spread (EUR/USD) - Standard account | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.13 | N/A |
| Non-wire bank transfer | 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.
FOREX.com vs Questrade: both brokers support forex trading as CFDs or spot contracts, and both let you buy exchange-traded stocks and ETFs on U.S. markets as well as select international exchanges. Neither broker offers delivered cryptocurrency, but each provides crypto CFDs. Copy trading isn’t available at either firm.
When it comes to breadth, FOREX.com lists about 5,500 tradeable symbols, far more than Questrade’s 641. Questrade, however, edges ahead in currency selection with 110 forex pairs compared to FOREX.com’s 80. Both earned 5 stars for Range of Investments from ForexBrokers.com, with FOREX.com ranked #6 out of 63 brokers and Questrade ranked #12. Choose FOREX.com if you value a larger overall menu of markets; pick Questrade if your priority is access to more forex pairs alongside U.S. and international equities.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 641 |
| Forex Pairs (Total) | 80 | 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) | 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.
FOREX.com and Questrade both check key boxes for everyday traders: each offers a free demo account for paper trading, a proprietary platform, and the choice of trading on the web or a Windows desktop app. You can place orders directly from charts with either broker, though neither supports copy trading. A major difference is platform choice: FOREX.com supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not.
In independent testing by ForexBrokers.com for Trading Platforms and Tools, FOREX.com earned 5 stars and ranked #5 out of 63 brokers, while Questrade received 4 stars and ranked #28. If you want MT4/MT5 access and a higher-rated toolset, FOREX.com stands out; if you prefer a straightforward proprietary experience with web and desktop access plus paper trading, Questrade remains a strong alternative.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 90 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing FOREX.com vs Questrade for mobile trading, both brokers check the key boxes: iPhone and Android apps, price alerts, and watchlist syncing between mobile and the web. Each app supports drawing tools like trendlines, and your chart drawings auto-save so they’re there the next time you open a chart.
Where they differ is in charting depth and accolades. FOREX.com offers 90 technical studies in its mobile app, compared to Questrade’s 64. According to ForexBrokers.com, FOREX.com earns a 5-star rating and ranks #2 out of 63 brokers for Mobile Trading Apps, while Questrade holds a 4-star rating and ranks #28. If you want more technical indicators and a top-rated experience, FOREX.com has the edge; if you need the essentials, Questrade still delivers.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 90 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research features, FOREX.com stands out for day-to-day insights and integrated news. It delivers daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), Trading Central tools, a sentiment indicator showing long/short positioning, and a global economic calendar. Questrade also provides notable third-party research: Trading Central plus Autochartist for chart patterns, TipRanks for analyst data, and an economic calendar. It does not include daily market commentary or a sentiment tool; availability of top-tier forex news wasn’t specified in the provided details. Neither broker lists tools from Acuity Trading.
Overall ratings reflect these differences: FOREX.com earns 5/5 stars for Research and ranks #7 out of 63 brokers at ForexBrokers.com, while Questrade scores 3.5/5 stars and ranks #34. If you value daily commentary, sentiment data, and built-in top-tier news, FOREX.com is the better fit; if you want Autochartist and TipRanks alongside Trading Central, Questrade may appeal.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner-friendly education, FOREX.com has a clear edge over Questrade. Both brokers provide at least 10 beginner videos to help you learn trading basics, but FOREX.com goes further with monthly client webinars and a wide range of advanced videos so you can keep progressing. Questrade does not offer regular webinars and doesn’t match the depth of advanced video content, which can make it harder to move beyond the basics.
The ratings and rankings back this up: FOREX.com earns 5 stars for Education and ranks #4 out of 63 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. If you want ongoing live sessions and a fuller learning path from beginner to advanced topics in forex and CFDs, FOREX.com is the stronger choice. If you only need starter videos, Questrade can still do the job.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FOREX.com is better than Questrade. FOREX.com finished with an overall rank of #4, while Questrade finished with an overall rank of #29.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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FOREX.com vs Questrade: neither broker supports buying actual, delivered cryptocurrency, but both offer cryptocurrency CFD trading.
Compared to Questrade, FOREX.com supports more convenient funding options—ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers—while Questrade only offers bank wires and does not support ACH/SEPA, PayPal, or Skrill.
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 | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
| Broker Screenshots | FOREX.com | Questrade | |
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| Regulation | FOREX.com | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 641 | |
| Forex Pairs (Total) | 80 | 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) | 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 | FOREX.com | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.13 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | FOREX.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FOREX.com | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | FOREX.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 90 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FOREX.com | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | Questrade Review |
| Overall | FOREX.com | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
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