Written by ForexBrokers.com
In this head to head comparison of Questrade vs FXGT.com, 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.
Questrade, established in 2000, offers a reliable platform for traders, with a strong regulatory backing that enhances its credibility. While it is not publicly traded or a bank, the online broker holds two Tier-1 licenses, which contribute to a Trust Score rating of 86 out of 99, classifying it as a trusted broker according to ForexBrokers.com. This high level of regulatory compliance reassures users of its safety and reliability in the trading landscape.
On the other hand, FXGT.com, founded in 2019, presents a newer option for traders but has lower regulatory backing. Also not publicly traded or a bank, FXGT.com holds one Tier-1 license and one Tier-2 license, resulting in a ForexBrokers.com Trust Score of 69. This score places it in the high-risk category, suggesting potential traders proceed with caution compared to more established and trusted options like Questrade.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Year Founded | 2000 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of online brokers Questrade and FXGT.com, it's essential to consider their star ratings and rankings from trusted sources like ForexBrokers.com. Questrade offers a target spread on the EUR/USD at 1.9 pips, which is relatively high compared to the industry average, reflecting the cost of trading with this broker. For their commissions and fees, Questrade receives a 3-star rating and is ranked #58 out of 63 brokers by ForexBrokers.com.
On the other hand, FXGT.com does not readily provide average spread data, making it challenging for potential users to gauge the exact trading costs with this platform. Despite this lack of specific data, FXGT.com earns a slightly higher 3.5-star rating for its commissions and fees. It ranks slightly better than Questrade, positioned at #56 out of 63 brokers by ForexBrokers.com.
When choosing between Questrade and FXGT.com, considering these ratings and rankings helps determine which platform might better suit your trading needs. While both brokers offer valuable services, key differences in costs and available information could significantly impact your decision to trade on one platform over the other.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $250 | $5 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and FXGT.com, the range of available investments is a key factor to consider for potential investors. Questrade offers a diverse selection, with 641 tradeable symbols and 110 forex pairs, catering to both forex traders and those interested in U.S. and international exchange-traded securities. It's important to note that while Questrade doesn't provide actual cryptocurrencies for purchase, it does offer cryptocurrency derivatives, allowing traders access to this volatile market without owning the actual assets. On ForexBrokers.com, Questrade is rated 5 out of 5 stars for its range of investments and holds an impressive rank of 11 out of 63 brokers.
In contrast, FXGT.com offers a more concentrated selection, with 117 tradeable symbols and 53 forex pairs. It does not provide access to U.S. or international exchange-traded securities, focusing instead on offering both forex trading and cryptocurrency derivatives. FXGT.com appeals to traders who are interested in copy trading, a feature not available with Questrade. Rated 3 out of 5 stars for the range of investments, FXGT.com finds itself positioned at number 61 out of 63 brokers according to ForexBrokers.com. Both platforms offer forex and cryptocurrency derivatives, though Questrade's significantly broader investment options make it more versatile for diverse trading strategies.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 117 |
| Forex Pairs (Total) | 110 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When it comes to trading platforms and tools, both Questrade and FXGT.com offer free virtual demo accounts, helping beginners and experienced traders alike to practice without risking real money. Questrade has developed its own proprietary platform, providing a unique experience tailored specifically for its users, while FXGT.com relies on widely popular platforms like MetaTrader 4 and MetaTrader 5. Both brokers offer Windows-based and web-based trading platforms, ensuring versatile access across different devices. However, FXGT.com leads in copy trading features, offering this service to its clients, which is not available with Questrade.
For those interested in charting capabilities, FXGT.com provides 23 drawing tools compared to Questrade's 20, yet Questrade compensates for this with a more extensive set of columns in watch lists, offering 52 versus FXGT.com's five. Both allow trading directly from stock charts, providing seamless integration of analysis and execution. Although both Questrade and FXGT.com have been rated four stars for their platforms and tools, Questrade ranks higher overall, coming in at #34 over FXGT.com's #56 out of 63 brokers on ForexBrokers.com. These rankings highlight Questrade’s slightly stronger offering in the trading platform segment, particularly for those who prioritize a tailored and feature-rich environment.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Questrade and FXGT.com provide mobile trading apps compatible with iPhone and Android devices, offering essential features such as stock and forex price alerts and the ability to create a watchlist with real-time quotes. Handy tools like watchlist symbol syncing ensure users have seamless access across devices, as changes made on one device automatically sync to others. For charting enthusiasts, Questrade comes with a more extensive selection of 64 technical studies, compared to FXGT.com's 30, allowing users to analyze market trends effectively. Both platforms support drawing trendlines and offer different time frames on charts, with the added convenience of auto-saving chart drawings.
When it comes to overall ratings, Questrade edges out FXGT.com with a 4-star rating versus FXGT.com's 3.5. Ranked 34th out of 63 brokers by ForexBrokers.com for mobile trading apps, Questrade offers a more seasoned experience, compared to FXGT.com's 58th position. Whether you're inclined towards comprehensive charting tools or seamless device syncing, both platforms offer robust trading options, but Questrade's higher ranking and broader technical features may appeal more to those seeking a deeper trading toolkit.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research capabilities between Questrade and FXGT.com, it's clear each has its own strengths and weaknesses. Questrade doesn't provide daily market commentary or news from top-tier sources like Bloomberg or Reuters, similar to FXGT.com. However, it stands out by offering technical analysis tools from Autochartist and Trading Central, providing users with advanced analytical capabilities. Conversely, FXGT.com does not offer these tools but compensates with a sentiment-based trading tool, displaying the ratio of traders holding long or short positions. While both platforms provide access to an economic calendar for active global traders, only Questrade offers additional insights through TipRanks market research.
In terms of overall research effectiveness, Questrade achieves a slightly higher rating, earning 3.5 out of 5 stars compared to FXGT.com's 3-star evaluation. Ranking among a pool of 63 brokers, Questrade holds the 51st position, whereas FXGT.com is positioned at 56. This highlights Questrade's edge in research resources, attributed primarily to its inclusion of leading technical analysis tools and external market analysis, despite lacking real-time commentary and premium news sources.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Questrade stands out compared to FXGT.com. Questrade offers a variety of learning materials covering forex and CFDs, including a collection of over 10 educational articles and videos. In addition, beginners can take advantage of a searchable archive of previously recorded client webinars, providing a convenient way to learn at one's own pace. Questrade also features a dedicated series of educational videos designed specifically for those new to trading. While they lack online educational webinars and advanced video content, their overall offerings provide a solid base for beginner traders, earning them a 3.5-star rating and the #36 ranking out of 63 brokers for education according to ForexBrokers.com.
In contrast, FXGT.com provides more limited resources for beginners. Though they do offer an extensive investor dictionary with definitions of more than 50 investing terms, the platform falls short in other educational areas. FXGT.com does not have a searchable archive of client webinars, nor do they provide a significant number of beginner-focused educational videos. As a result, FXGT.com receives a 3-star rating and is ranked #60 out of 63 brokers for education by ForexBrokers.com. For new traders prioritizing educational support, Questrade appears to be a more comprehensive choice than FXGT.com.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than FXGT.com. Questrade finished with an overall rank of #32, while FXGT.com finished with an overall rank of #59.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both Questrade and FXGT.com provide the option to trade cryptocurrency derivatives, yet they do not offer the ability to purchase actual delivered cryptocurrency.
When comparing online brokers Questrade and FXGT.com, both platforms support Visa or Mastercard and bank wires for funding and withdrawals, while only FXGT.com offers the additional option of ACH or SEPA transfers; neither support PayPal or Skrill for transactions.
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 | Questrade | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | FXGT.com | |
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| Regulation | Questrade | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2000 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 117 | |
| Forex Pairs (Total) | 110 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Questrade | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $250 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Questrade | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 5 | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | FXGT.com | |
|---|---|---|---|
| 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 | Questrade Review |
| Overall | Questrade | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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