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 (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 |
When it comes to commissions and fees, FOREX.com is generally the better-value choice versus Questrade. FOREX.com earns a 4.5-star rating and ranks #15 out of 36 brokers for commissions and fees, while Questrade has a 3.5-star rating and ranks #35 out of 36. FOREX.com can be a little pricey on its Standard account in the U.S., but its RAW account offers lower spreads with a commission, which can help active traders keep costs down. For many U.S. traders, though, the all-in cost on the commission account can end up looking a lot like the Standard account unless trading volume is very high.
Questrade takes a simpler approach by building its costs into the spread instead of charging a separate trading commission on forex. That sounds straightforward, but the spreads can be wider, which may make trading more expensive in practice. Questrade says spreads can start around 0.8 pips, but real-world pricing for major pairs was closer to 2.1 to 2.5 pips in the review, and CFD trades can also become costly because of the extra trading fee plus overnight financing charges.
Overall, FOREX.com is the more competitive broker for commissions and fees, especially for active forex traders who want tighter pricing options. Questrade may appeal to traders who prefer spread-based pricing, but its higher effective costs and added CFD fees make it less attractive for cost-conscious users. If low trading costs are your main priority, FOREX.com has the edge.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.6 | 0.8 or higher |
| All-in Cost EUR/USD - Raw spread account | 1.65 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When it comes to range of investments, FOREX.com gives traders far more to choose from than Questrade. FOREX.com offers about 7,000 tradeable symbols, compared with 675 at Questrade, and it also supports both forex trading as a CFD or spot contract. Questrade, however, lists more forex pairs overall, with 110 available versus 55 at FOREX.com, so currency-focused traders may find a wider selection there.
FOREX.com also stands out for access to exchange traded securities on both U.S. and international exchanges, such as U.S. shares and overseas stocks, while Questrade does not offer those markets in this comparison. In addition, FOREX.com provides cryptocurrency CFDs, while Questrade does not offer crypto CFDs or actual cryptocurrency. Neither broker offers copy trading or delivered crypto. Both are rated 5 out of 5 stars for range of investments, but FOREX.com is ranked higher by ForexBrokers.com, placing #6 out of 36 brokers compared with Questrade at #12.
| Feature |
FOREX.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7000 | 675 |
| Forex Pairs (Total) | 55 | 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 give traders a solid set of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, and a web-based trading platform. Each also lets users trade directly from a chart, which can make order entry faster and easier for active traders. Neither broker offers copy trading, so investors looking for that feature will need to look elsewhere.
Where FOREX.com stands out is its support for both MetaTrader 4 and MetaTrader 5, while Questrade does not offer either platform. That extra choice can matter for traders who want more charting and automation options. Based on ForexBrokers.com, FOREX.com earns 5 out of 5 stars and ranks #5 out of 36 brokers for Trading Platforms and Tools, while Questrade scores 4 out of 5 stars and ranks #30, giving FOREX.com the edge overall in this category.
| 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 make it easy to trade on the go with iPhone and Android apps, and each app includes price alerts, watchlist syncing with the desktop account, trendline drawing, and auto-saved chart drawings. In other words, both platforms cover the basics well for mobile traders who want to keep track of markets and manage charts from their phone.
The main difference is in charting depth and overall mobile app quality. FOREX.com offers 90 technical studies in its mobile charting tools, compared with 64 for Questrade, giving traders more ways to analyze price action. That stronger mobile experience is reflected in ratings too: FOREX.com earns 5 stars and ranks #2 out of 36 brokers for Mobile Trading Apps, while Questrade scores 3.5 stars and ranks #30.
| 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 has a clear edge over Questrade. FOREX.com offers daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar for tracking key global events. It also includes Trading Central research tools, while Questrade does not offer daily commentary, top-tier forex news, sentiment data, or an economic calendar, though it does provide Autochartist and TipRanks research tools.
Overall, FOREX.com is the stronger choice for traders who want more built-in market research, earning 5 out of 5 stars and ranking #7 out of 36 brokers for research. Questrade scores 3.5 out of 5 stars and ranks #36, which suggests a more limited research lineup by comparison. For traders who rely on frequent market updates and trading ideas, FOREX.com offers the more complete package.
| 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.
When comparing FOREX.com and Questrade for beginner-friendly education, FOREX.com clearly offers more learning support for new traders. FOREX.com provides forex and CFDs education with at least 10 learning pieces, plus monthly online client webinars and a large library of beginner trading videos. It also goes beyond the basics with at least 10 advanced videos for more experienced traders, which helps make it a stronger choice for people who want to keep learning as they grow.
Questrade offers some educational content, but it does not match FOREX.com for depth or variety in forex and CFDs learning. It does not meet the same level for monthly webinars or the number of beginner and advanced trading videos. This difference is reflected in its Education rating of 3.5 stars and a ForexBrokers.com ranking of #30 out of 36 brokers, compared with FOREX.com’s 5-star Education rating and #4 ranking. For beginners looking for more guided forex education, FOREX.com is the better fit.
| 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) | 7000 | 675 | |
| Forex Pairs (Total) | 55 | 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) - Spread-only account | 1.6 | 0.8 or higher | |
| All-in Cost EUR/USD - Raw spread account | 1.65 | 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 (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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