Written by ForexBrokers.com
In this head to head comparison of Questrade vs GBE brokers, 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 trusted online brokerage that holds two highly regarded Tier-1 licenses, contributing to its commendable Trust Score of 86 out of 99 according to ForexBrokers.com. Despite not being publicly traded or a bank, Questrade's adherence to strict regulatory standards provides a solid degree of trust for its users.
In contrast, GBE Brokers, established in 2013, holds one Tier-1 license, earning it a Trust Score of 71, which suggests an average risk according to ForexBrokers.com. Like Questrade, GBE Brokers is not listed on any stock exchange nor operates as a bank. While both brokers are regulated and secure, Questrade's higher Trust Score and additional Tier-1 license may offer a stronger sense of security for prospective users.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Year Founded | 2000 | 2013 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Questrade and GBE brokers, Questrade presents a somewhat higher cost structure. With a target spread on the EUR/USD at 1.9 pips, it stands above the industry average. This translates to higher costs for traders, affecting overall profitability. This factor contributes to Questrade receiving a 3-star rating for commissions and fees according to ForexBrokers.com, placing it at a rank of 58 out of 63 brokers in this category.
On the other hand, GBE brokers appear to offer a more appealing pricing model in terms of commissions and fees, despite the unavailability of specific average spread data. This is reflected in its higher rating of 4 stars and a better rank of 37 out of 63 brokers for the same category.
In summary, those looking for better cost structures might lean towards GBE brokers. While Questrade offers a range of services, its higher spreads can be a consideration for traders prioritizing cost-efficiency.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $250 | $1000 |
| 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) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to investment options, both Questrade and GBE Brokers offer distinct advantages that cater to different types of investors. Questrade stands out by offering 641 tradeable symbols, including 110 forex pairs, and provides the ability to invest in exchange-traded securities on U.S. and international exchanges. This means that investors can directly buy shares of well-known companies like Apple and Vodafone. Questrade also supports cryptocurrency derivatives, though it doesn’t provide copy trading or direct cryptocurrency purchases.
On the other hand, GBE Brokers offers 500 tradeable symbols, with 71 forex pairs, and excels in catering to clients interested in copy trading, which is ideal for those who wish to mimic the trading strategies of successful investors. Like Questrade, GBE Brokers also supports trading in cryptocurrency derivatives, but lacks the option to buy actual cryptocurrencies. However, it does not offer direct investment in exchange-traded securities on U.S. or international exchanges. While Questrade received a 5-star rating for range of investments and is ranked 11th out of 63 by ForexBrokers.com, GBE Brokers holds a respectable 3.5-star rating and is ranked 44th. This side-by-side comparison highlights Questrade as a more comprehensive option if you are looking for a broad array of investment opportunities, whereas GBE Brokers might appeal to those focused more on forex and copy trading opportunities.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 500 |
| Forex Pairs (Total) | 110 | 71 |
| 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 trading platforms and tools, Questrade and GBE brokers both provide free virtual demo accounts, allowing traders to practice without financial risk. Questrade boasts a proprietary platform developed in-house and offers a Windows-based desktop platform, alongside a web-based option. In contrast, GBE brokers do not have an in-house platform but offer both Windows-based and web-based platforms alongside familiar offerings like MetaTrader 4 and 5. While Questrade also provides 20 charting drawing tools and extensive watch lists with 52 customizable fields, GBE brokers present a more limited set, with 15 charting tools and 7 fields for watch lists.
For those interested in features like copy trading, GBE brokers provide this option, whereas Questrade does not. However, Questrade has integration with DupliTrade, enhancing its trading toolkit. Both platforms make it easy to trade directly from the chart. Despite these differences, both Questrade and GBE brokers earn 4-star ratings for their trading platforms and tools. However, Questrade ranks #34 out of 63 brokers according to ForexBrokers.com, while GBE brokers rank #57, potentially offering insight into user preference and satisfaction levels.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| 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 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and GBE Brokers, both platforms cater to iPhone and Android users, providing consistent access regardless of device. Each app provides stock or forex price alerts and allows for drawing trendlines on charts. Users can enjoy multiple time frame views and autosave features for their chart drawings. Both apps allow for the creation of watchlists with real-time quotes; however, Questrade shines with its watchlist symbol syncing, seamlessly linking the mobile app with the client's online account. This feature is notably absent in GBE Brokers' offering.
In terms of technical studies for charting, Questrade provides 64 studies compared to GBE Brokers' 30, giving more options for in-depth analysis. Despite these differences, both apps have earned a respectable rating of four out of five stars for mobile trading. However, when ranked among 63 brokers on ForexBrokers.com, Questrade stands at number 34, indicating a more favorable position than GBE Brokers, which is at number 57. This broader recognition highlights Questrade's slight edge in mobile app services.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | 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 GBE Brokers in terms of market research, several distinctions become evident. GBE Brokers stands out by offering daily market commentary and a sentiment-based trading tool to help traders gauge market movements. Meanwhile, Questrade excels in technical and fundamental analysis support with tools from Autochartist and Trading Central, providing traders with a comprehensive set of options for in-depth research. Both platforms offer economic calendars for keeping track of global news events, which can aid in making informed trading decisions. However, Questrade has a unique edge with exclusive access to market research from TipRanks, enabling users to explore various analytical insights.
Despite these differences, both brokers still have room for growth. GBE Brokers lacks some advanced analysis tools but compensates with sentiment analysis, while Questrade, although missing daily market commentary, offers more in-depth research tools overall. When evaluated by ForexBrokers.com, Questrade holds a slightly higher ranking (#51) compared to GBE Brokers (#62) for research capabilities, receiving 3.5 stars against GBE's 3-star rating. These findings suggest that while Questrade may offer a more well-rounded research experience, GBE Brokers can appeal to traders who emphasize sentiment analysis and daily commentary in their strategy.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | |
| 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.
For beginners keen on exploring the world of forex and CFDs, both Questrade and GBE Brokers offer educational resources, but they differ significantly in their offerings. Questrade provides an assortment of over ten educational materials focused on forex and CFDs, including articles and videos. These resources are further complemented by a searchable archive of previously recorded webinars, which can be a treasure trove of information for beginners. In addition, Questrade offers more than ten beginner-friendly trading videos, although advanced videos for seasoned traders are not available. However, they do not provide regular monthly webinars or an investor dictionary. Despite these gaps, Questrade receives a respectable 3.5-star rating for education and ranks 36th out of 63 brokers in the ForexBrokers.com education category.
On the other hand, GBE Brokers falls short in several areas compared to Questrade. While they claim to offer educational content on forex and CFDs, they lack the same depth as Questrade, with no evidence of at least ten beginner educational videos or a substantial webinar archive. Like Questrade, GBE Brokers also does not offer regular monthly webinars or an investor dictionary. As a result, they earn a slightly lower 3-star rating for education and rank 63rd out of 63 brokers in the ForexBrokers.com education category. This comparison highlights that Questrade provides more comprehensive educational resources for beginners compared to GBE Brokers.
| Feature |
Questrade
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) |
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 GBE brokers. Questrade finished with an overall rank of #32, while GBE brokers finished with an overall rank of #57.
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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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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While both Questrade and GBE Brokers provide the option to invest in cryptocurrency derivatives, neither offers the ability to purchase actual delivered cryptocurrencies.
When comparing online brokers, GBE Brokers offers more flexibility than Questrade by supporting ACH, SEPA, and PayPal transactions, in addition to both platforms offering Visa, Mastercard, Skrill, and bank wire options for depositing or withdrawing funds.
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 | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | GBE brokers | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | GBE brokers | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2000 | 2013 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Questrade | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 500 | |
| Forex Pairs (Total) | 110 | 71 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $250 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Questrade | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | 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 | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | |||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | Questrade | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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