Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro, founded in 2006, and Questrade, established in 2000, are two prominent online brokers, each with unique regulatory features. FxPro, unlike Questrade, operates as a bank and is not publicly traded. When it comes to regulatory safety, both hold two Tier-1 licenses, which are highly trusted according to ForexBrokers.com. Additionally, FxPro has one Tier-2 license, enhancing its regulatory standing, whereas Questrade has none.
In terms of trustworthiness, FxPro earns a commendable Trust Score of 93 out of 99 from ForexBrokers.com, placing it in the highly trusted category. In comparison, Questrade receives a Trust Score of 86, labeling it as trusted but slightly lower than FxPro. Both brokers are well-regarded in the industry, but FxPro's additional Tier-2 license and higher Trust Score give it an edge in terms of perceived security and reliability.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Year Founded | 2006 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Comparing commissions and fees, FxPro generally comes in higher than the industry average but still fares better than Questrade in our ratings. FxPro earns 4 stars and ranks 33rd out of 63 brokers for commissions and fees at ForexBrokers.com, while Questrade earns 3 stars and ranks 59th. Both can be pricey, yet FxPro offers more pricing choices and, in some cases, tighter effective costs depending on platform and execution.
FxPro’s most competitive pricing is on cTrader, where commission-based trades on EUR/USD work out to about 1.27 pips effective cost (0.37-pip average spread plus a 0.9-pip commission equivalent; FxPro data from August 2020). On MetaTrader, variable EUR/USD spreads were about 1.58 pips on MT4 market execution (1.51 pips on MT5) and 1.71 pips with instant execution. MT4 lets you choose variable or fixed spreads (no fixed pricing on MT5), and execution can be instant (possible requotes, no slippage) or market (no requotes, possible slippage). Note: cTrader has no minimum distance for stop/limit orders, while MetaTrader requires at least 1 pip. FxPro also offers an Active Trader (Elite) discount program up to 30%, though it still trails top discount programs from leaders like FOREX.com, IG, and Saxo.
Questrade’s target spread of 1.9 pips on EUR/USD is steep versus the industry average, which contributes to its lower score: 3 stars and a 59th-place rank out of 63 brokers for commissions and fees at ForexBrokers.com. Traders focused on minimizing spread costs—especially on major pairs—may find better value elsewhere.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average spread (EUR/USD) - Standard account | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | 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.
FxPro and Questrade both support forex trading, offered either as CFDs or spot. FxPro lists 2,249 total tradeable symbols, far more than Questrade’s 641, and it adds copy trading for those who want to mirror strategies. Questrade, however, leads in forex depth with 110 currency pairs versus FxPro’s 70. For digital assets, neither broker lets you buy actual cryptocurrency, but both provide access to cryptocurrency CFDs.
Stock access differs. Questrade lets clients buy exchange-traded securities on U.S. and international exchanges in their own name, while FxPro does not offer U.S.-listed shares as direct, exchange-traded securities but does provide access to international exchange-traded securities. In ForexBrokers.com’s Range of Investments category, Questrade earns 5 out of 5 stars and ranks 12th of 63 brokers, while FxPro scores 4 out of 5 stars and ranks 29th. Choose FxPro if you want a larger overall symbol count and copy trading; choose Questrade for more forex pairs and direct access to U.S. stocks.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 641 |
| Forex Pairs (Total) | 70 | 110 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | 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.
FxPro and Questrade both check key boxes for trading platforms and tools: each offers a free simulated (paper) trading demo account, an in-house proprietary platform, a Windows desktop download, and a web-based browser platform. Both also let you trade directly from a stock chart. While each earns 4 stars for Trading Platforms and Tools from ForexBrokers.com, FxPro is ranked higher overall (#17 of 63) than Questrade (#35), suggesting a stronger showing in this category.
The biggest differences are around third‑party and social features. FxPro supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes copy trading, whereas Questrade does not offer MT4/MT5 or copy trading. If you want MetaTrader for advanced charting, automated strategies, or to follow other traders, FxPro is the better match. If you prefer a broker-built platform with both web and desktop access and the ability to practice with a demo account, either broker can work.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 53 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and Questrade both check the key boxes for mobile trading apps. Each offers an iPhone and Android app, price alerts, and watchlist syncing so your symbols stay aligned across mobile and the web. Both apps let you draw trendlines on charts, and they save your drawings automatically, making it easy to pick up where you left off.
For charting depth, FxPro includes 65 technical studies versus 64 with Questrade—nearly identical in practice. According to ForexBrokers.com, FxPro’s mobile app is rated 4.5 out of 5 stars and ranks #15 out of 63 brokers, while Questrade’s app is rated 4 out of 5 stars and ranks #35. If you want a slightly wider set of indicators and a higher-rated app, FxPro has the edge; if you just need the core tools on iPhone or Android, Questrade stays competitive.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing FxPro vs Questrade for market research: FxPro delivers daily market commentary, top-tier forex news, a sentiment tool showing long/short positioning, Trading Central analytics, and an economic calendar. It does not include Autochartist, TipRanks, or Acuity Trading tools. Questrade offers Trading Central, Autochartist, TipRanks, and an economic calendar, but it lacks daily commentary and a sentiment tool, and it doesn’t list top-tier forex news.
For overall research quality, ForexBrokers.com rates FxPro at 4 stars and ranks it #26 out of 63 brokers, while Questrade earns 3.5 stars and ranks #52. Choose FxPro if you want day-to-day FX insights and trader sentiment; pick Questrade if you prefer Autochartist and TipRanks alongside Trading Central.
| Feature |
FxPro
|
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.
Comparing FxPro vs Questrade for beginner education: both brokers provide at least 10 beginner-focused videos that cover trading basics. Neither hosts monthly client webinars, and neither offers 10+ advanced videos for experienced traders. According to ForexBrokers.com, FxPro’s education earns 4 stars and ranks 18th out of 63 brokers, while Questrade’s education earns 3.5 stars and ranks 36th.
For a new forex or CFD trader, FxPro edges ahead on overall learning value, especially if you prefer self-paced videos. Questrade still covers the essentials to get started, but you may want outside resources for deeper, advanced topics or live sessions.
| Feature |
FxPro
|
Questrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FxPro is better than Questrade. FxPro finished with an overall rank of #21, while Questrade finished with an overall rank of #32.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Questrade
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| Trust Score | 93 | 86 |
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Comparing online brokers FxPro and Questrade: both support trading cryptocurrency via CFDs, but neither offers the ability to buy actual, delivered cryptocurrencies.
Comparing deposit and withdrawal methods, FxPro supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Questrade offers bank wires only, with Visa/Mastercard availability not specified for either broker.
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 | FxPro | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | Questrade Review |
| Broker Screenshots | FxPro | Questrade | |
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| Regulation | FxPro | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2006 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FxPro | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FxPro | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 641 | |
| Forex Pairs (Total) | 70 | 110 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | 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 | FxPro | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | FxPro | 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 | FxPro | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FxPro | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 53 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FxPro | 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 | FxPro | Questrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | FxPro | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FxPro Review | Questrade Review |
| Overall | FxPro | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | Questrade Review |
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