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.
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.
FOREX.com and Questrade are prominent online brokers with differing levels of trust based on their regulatory standings. FOREX.com, established in 1999, is a publicly traded company and holds an impressive 99 Trust Score from ForexBrokers.com, signaling it as highly trusted. It boasts 7 Tier-1 licenses, which are regarded as the most trustworthy. On the other hand, Questrade, founded in 2000 and privately held, has a Trust Score of 86, categorizing it as trusted but at a lower tier than FOREX.com. Questrade holds 2 Tier-1 licenses but lacks any Tier-2 accreditations, which FOREX.com has one of.
While neither FOREX.com nor Questrade operates as a bank, their different licensing profiles highlight varying levels of regulatory confidence. FOREX.com's status as a publicly traded entity potentially adds another layer of scrutiny and transparency, not mirrored in Questrade given its private standing. The disparity in their Trust Scores and licenses reflects the differences in how each company complies with international standards designed to protect investors and ensure honest trading practices.
| 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 |
FOREX.com and Questrade take different approaches to pricing. With FOREX.com, you can choose between a Standard account that bundles costs into the spread and a RAW (commission-based) 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 about 0.74 pips. The RAW account posts very tight typical spreads near 0.13 pips (Feb 2024) and charges a $7 round-turn commission per standard lot, which works out to roughly 0.7 pips—making the all-in cost about 0.83 pips at the base tier. For most U.S. traders who don’t exceed $50 million in monthly volume, that ends up similar to the Standard account’s overall cost.
FOREX.com also offers volume rebates on the RAW account across six tiers, from $2 to $9 per million traded, and very high-volume clients (over $2 billion per month) can push effective costs toward the industry’s lower end. For commissions and fees, FOREX.com is rated 4.5 out of 5 stars and ranked 15th out of 63 brokers.
Questrade’s target EUR/USD spread sits around 1.9 pips, which is above the industry average and generally pricier than FOREX.com’s Standard pricing in the U.S.—and notably higher than the RAW account’s all-in rate for most traders. For commissions and fees, Questrade is rated 3 out of 5 stars and ranked 33rd out of 63 brokers.
| 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, FOREX.com stands out over Questrade. According to ForexBrokers.com, FOREX.com earns 4.5 out of 5 stars and ranks #7 of 63 brokers for Research, while Questrade scores 3.5 stars and ranks #34. Both provide an economic calendar, but FOREX.com adds more built-in insight for day-to-day trading decisions.
FOREX.com offers daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones or similar), Trading Central tools, and a sentiment tool that shows long vs. short positioning. Questrade does not provide daily commentary or a sentiment tool, but it does include Autochartist, TipRanks, and Trading Central. Neither broker lists Acuity Trading tools. Information about Questrade’s access to top-tier forex news is not specified.
| 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.
FOREX.com vs Questrade for beginner trading education: both brokers offer at least 10 beginner-friendly videos that explain core trading topics in plain language. FOREX.com also hosts ongoing client webinars (at least one each month), giving newcomers a live way to learn and ask questions, while Questrade does not run monthly educational webinars. As your skills grow, FOREX.com provides 10+ advanced videos for experienced traders, but Questrade does not meet that advanced-video threshold.
For overall quality, ForexBrokers.com rates FOREX.com 4.5 out of 5 for Education and ranks it #4 out of 63 brokers; Questrade scores 3.5 out of 5 and ranks #28. If you want steady live learning and a deeper library to grow from beginner to advanced, FOREX.com is the stronger choice. If you just need starter videos and prefer self-paced study without live sessions, Questrade can cover the basics.
| 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
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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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 | 86 | |
| 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 | 86 | |
| 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 | 86 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Questrade Review |
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