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) vs Questrade (founded 2000): FOREX.com is publicly traded, while Questrade is privately held; neither is a bank. In regulation, FOREX.com holds seven Tier-1 licenses (highly trusted by ForexBrokers.com) and two Tier-2 licenses (trusted), compared with Questrade’s one Tier-1 and zero Tier-2 licenses.
Trust Score: ForexBrokers.com rates FOREX.com at 99/99 and Questrade at 85/99. On this scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. In short, FOREX.com reaches the highest trust tier with wider regulatory coverage, while Questrade is trusted but with fewer top-tier approvals.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees, FOREX.com generally charges less than Questrade for forex if you use its commission-based pricing, and slightly more if you stick with its spread-only plan in the U.S. FOREX.com earns 4.5 out of 5 stars for commissions and fees and ranks #15 out of 63 brokers, while Questrade earns 3.5 out of 5 stars and ranks #33 out of 63.
FOREX.com offers two main pricing paths: a spread-only Standard account and a commission-based RAW account. In the U.S., the Standard account’s typical EUR/USD spread is about 1.4 pips (July 2023), while outside the U.S. it averaged 0.74 pips on EUR/USD in July 2023. The RAW account replaces the old DMA plan and posts very tight typical EUR/USD spreads around 0.13 pips (Feb 2024) plus a $7 commission per standard lot round-trip (about 0.7 pips all-in before any volume rebates). Active traders can earn $2–$9 per million in rebates across six tiers, and very high-volume traders (over $2 billion per month) can see effective costs comparable to leading low-cost ECN-style brokers. Note: unless you trade more than $50 million per month, the all-in cost of the Commission/RAW plan is roughly similar to the Standard plan for U.S. residents.
Questrade Global is a spread-only broker—your cost is built into the bid-ask spread. While spreads can be as low as 0.8 pips in normal conditions, observed averages on major pairs often run closer to 2.1–2.5 pips, which puts a typical one-standard-lot trade near $20 round-trip at a 2-pip spread. For CFDs, Questrade adds a $9.95 USD trading fee per unit when you open and close a position (about $19.95 round-trip) on top of the spread, plus overnight financing; for example, a single Tesla CFD can cost roughly 5.8% in transaction fees alone before financing, meaning you’d need a return of over 6% just to break even.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | 0.8 or higher |
| 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.
Comparing the range of investments at FOREX.com vs Questrade, FOREX.com delivers a much larger product list with about 5,500 tradeable symbols, while Questrade offers roughly 675. Both let you trade forex as CFDs or spot, but Questrade lists more currency pairs (about 110) than FOREX.com (about 80), which could appeal to dedicated forex traders.
FOREX.com also provides access to exchange-traded shares on U.S. and international markets, whereas Questrade does not. Neither broker supports copy trading or buying actual crypto, but FOREX.com offers crypto CFDs and Questrade does not. Both earned 5 out of 5 stars for Range of Investments, with FOREX.com ranked #6 out of 63 brokers and Questrade ranked #12.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 675 |
| Forex Pairs (Total) | 80 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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.
FOREX.com and Questrade both offer mobile trading apps for iPhone and Android. Each app supports price alerts and watchlist syncing with your online account, so updates carry across devices. Both let you draw trendlines on charts and automatically save your drawings. For charting depth, FOREX.com includes 90 technical studies versus 64 with Questrade.
According to ForexBrokers.com, FOREX.com earns 5 stars and ranks #2 out of 63 brokers for Mobile Trading Apps, while Questrade earns 3.5 stars and ranks #28. If you want more built-in indicators and a higher-rated mobile app, FOREX.com is the stronger choice; if you mainly need the essentials with alerts, syncing, and drawing tools, Questrade covers the basics.
| 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.
When it comes to market research, FOREX.com stands out for everyday traders who want timely insights. It offers daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, Trading Central tools, a trader sentiment gauge showing long vs. short positioning, and a full economic calendar. It does not include Autochartist or TipRanks, and neither broker offers tools from Acuity Trading. Questrade, by contrast, skips daily commentary, a top-tier forex news feed, a sentiment tool, and an economic calendar, but it does provide Trading Central along with Autochartist and TipRanks.
Ratings back up the gap in research depth: FOREX.com earns 5 stars and ranks #7 out of 63 brokers for Research on ForexBrokers.com, while Questrade holds 3.5 stars and ranks #34. Choose FOREX.com if you want in-platform news, daily insights, a calendar of market events, and sentiment data. Choose Questrade if you value Autochartist pattern recognition and TipRanks research alongside Trading Central.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners, FOREX.com clearly offers more. It runs live client webinars at least once a month and provides a library with 10 or more beginner trading videos, plus 10 or more advanced videos for when you’re ready to level up. Questrade does not host regular webinars, and it doesn’t meet the 10‑video threshold for beginner or advanced topics. For a new trader who learns best through videos and live sessions, FOREX.com delivers more hands‑on guidance.
Independent ratings back this up: FOREX.com scores 5 out of 5 stars for Education and ranks #4 out of 63 brokers on ForexBrokers.com, while Questrade earns 3.5 stars and ranks #28. If you’re a beginner seeking forex and CFD education with plenty of videos and ongoing webinars, FOREX.com is the stronger choice, whereas Questrade offers a lighter set of learning resources.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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In a FOREX.com vs Questrade cryptocurrency trading comparison, neither broker supports buying actual (delivered) cryptocurrencies, but only FOREX.com offers cryptocurrency CFDs while Questrade does not.
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 | 1 | |
| Tier-2 Licenses | 2 | 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 CMA 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 | 675 | |
| Forex Pairs (Total) | 80 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | 0.8 or higher | |
| 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 | $0 | |
| 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 | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | FOREX.com | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| 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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