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.
Founded in 2000, Questrade is a well-established online broker that holds two Tier-1 licenses, denoting a high level of trust. With a Trust Score of 86 out of 99 from ForexBrokers.com, Questrade falls into the "trusted" category, reflecting its reliability and strong regulatory standing. Although it is not publicly traded or a bank, its long-standing reputation and extensive licensing in the financial sector make it a reputable choice for online investing.
In comparison, FXGT.com was founded in 2019 and holds one Tier-1 and one Tier-2 license, indicating a blend of high and average trust levels according to ForexBrokers.com. With a Trust Score of 69, FXGT.com has a "high risk" rating, suggesting a cautious approach for potential users. Like Questrade, FXGT.com is neither publicly traded nor a bank, but newer to the market with varied regulatory insights.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Year Founded | 2000 | 2019 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | ||
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade offers a broad selection of investment options, featuring 641 tradeable symbols, including 110 forex pairs. This platform provides access to both U.S. and international stock exchanges, allowing clients to purchase shares from top companies like Apple and Vodafone. While Questrade supports forex trading through CFDs and spot contracts and offers cryptocurrency derivatives, it does not facilitate copy trading or the purchase of actual cryptocurrencies. As a testament to its extensive range of investments, Questrade is rated 5 out of 5 stars and ranks 11th out of 63 brokers by ForexBrokers.com for investment variety.
FXGT.com, in contrast, provides 117 tradeable symbols, including 53 forex pairs, and supports forex trading via CFDs and spot contracts. It also allows for copy trading, which may appeal to those desiring to follow experienced traders. However, FXGT.com does not offer direct access to U.S. or international stock exchanges for purchasing individual company shares like Apple or Vodafone. Additionally, while FXGT.com supports cryptocurrency derivatives, it does not accommodate the purchase of actual cryptocurrencies. Due to these limitations, FXGT.com receives a 3-star rating for its range of investments and ranks 61st out of 63 brokers by ForexBrokers.com.
| 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 | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 comparing the trading platforms and tools of Questrade and FXGT.com, both brokers offer a wide range of options for traders. Questrade provides a free virtual demo account, allowing users to practice their trading strategies without financial risk. In comparison, FXGT.com also supports a similar demo account feature. Both brokers offer web-based platforms and Windows-based desktop downloads, giving traders flexibility in accessing their accounts. While Questrade features DupliTrade for copy trading, FXGT.com shines with the availability of MetaTrader 4 and 5, as well as its own copy trading functionalities. Despite these differences, both platforms yield solid user ratings of 4 out of 5 stars for their trading tools and platforms.
Questrade distinguishes itself with a proprietary platform developed in-house, offering a more personalized trading experience. Although FXGT.com lacks a proprietary platform, they still provide competitive tools for traders. When it comes to technical drawing tools, Questrade has 20, while FXGT.com steps slightly ahead with 23. Additionally, Questrade allows for veritable customization of watch lists with 52 columns compared to FXGT.com's more limited 5. Despite these varying features, Questrade ranks higher at #34 out of 63 brokers on ForexBrokers.com for trading platforms and tools, compared to FXGT.com's rank of #56. Overall, both platforms cater to distinct trading preferences, offering unique features that can appeal to different types of traders.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| 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 Questrade and FXGT.com in terms of market research offerings, several differences emerge that might influence a trader's choice. Questrade doesn't provide daily market commentary or forex news from renowned sources like Bloomberg or Reuters. However, it does stand out by offering robust technical analysis and research tools like Autochartist and Trading Central, along with sentiment analysis tools and insights from TipRanks. Additionally, Questrade provides an economic calendar to keep traders informed about significant global events. As a result, Questrade earns a research rating of 3.5 stars and is ranked 51st out of 63 brokers by ForexBrokers.com.
On the other hand, FXGT.com also lacks daily market commentary and top-tier forex news streams. Unlike Questrade, FXGT.com does not currently provide tools from Autochartist or Trading Central, nor does it offer market research from TipRanks. However, FXGT.com caters to the traders' needs by including sentiment-based trading tools and an economic calendar for global economic news. Its research features result in a slightly lower rating of 3 stars and a ranking of 56th out of 63 on ForexBrokers.com. Each broker serves different trader needs, so your choice will largely depend on which specific research features you prioritize in your trading journey.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | ||
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, Questrade stands out as a solid choice with its wide array of materials to help newcomers navigate the world of forex and CFDs. Questrade offers over ten educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. Additionally, they provide a searchable archive of past webinars, making it easy for users to find relevant information. For those just starting out, Questrade offers more than ten beginner videos focusing on trading topics. Their commitment to beginner education is evident in their 3.5-star rating for education and a respectable ranking of 36 out of 63 brokers in the Education category by ForexBrokers.com.
FXGT.com also aims to support those new to trading, offering an investor dictionary with over fifty investing terms to enhance users' understanding of key concepts. However, when it comes to providing comprehensive educational content such as beginner videos or a range of webinars, FXGT.com does not match Questrade's offerings. As a result, FXGT.com has a slightly lower educational rating of 3 stars and ranks 60 out of 63 brokers in the Education category according to ForexBrokers.com. While both platforms have their merits, Questrade appears to offer a more extensive set of educational tools for beginners venturing into forex and CFDs trading.
| Feature |
Questrade
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | 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
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Questrade and FXGT.com both offer the ability to buy cryptocurrency derivatives, but neither provides the option to purchase actual (delivered) cryptocurrency.
When comparing Questrade and FXGT.com, both brokers support Visa/Mastercard and bank wire transfers for deposits and withdrawals, but only FXGT.com offers ACH or SEPA transfers, while neither platform supports 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 | 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) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | 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) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Questrade | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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 | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $250 | $5 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Questrade | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| 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 | |||
| Forex News (Top-Tier Sources) | |||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | 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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