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Questrade vs IFC Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Questrade vs IFC Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Questrade
4/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 86
  • Tradeable Symbols (Total): 641
IFC Markets
4/5 Stars Overall
  • Minimum Deposit: $1
  • Trust Score: 73
  • Tradeable Symbols (Total): 630

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.

Regulation

When comparing Questrade and IFC Markets, both are private online brokers and are not affiliated with any banking institutions. Established in 2000, Questrade holds a strong reputation with two Tier-1 licenses, which are highly trusted, according to ForexBrokers.com. This contributes to its Trust Score of 86, positioning it in the ‘trusted’ category. Meanwhile, IFC Markets, founded in 2006, holds one Tier-2 license, marking it as a ‘trusted’ broker as well, but with a slightly lower Trust Score of 73, indicating an average risk level.

While neither Questrade nor IFC Markets is publicly traded, they each provide robust brokerage services within the market. Questrade's regulatory advantage with Tier-1 licenses gives it a higher trust factor among users seeking a reliable trading partner. IFC Markets, although holding fewer regulatory accolades, remains a viable option for those who weigh trust levels and regulatory standings differently. Overall, potential clients will find distinct differences in their regulatory standings that may influence their decision between these two brokers.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Year Founded info 2000 2006
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 0
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

Comparing commissions and fees, IFC Markets has a slight edge over Questrade. Questrade’s target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. It earns 3 out of 5 stars for commissions and fees and ranks #33 out of 63 brokers at ForexBrokers.com. By contrast, IFC Markets’ average EUR/USD spread is 1.44 pips—still higher than the 1.08-pip industry average, but generally cheaper than Questrade. IFC Markets is rated 4 out of 5 stars and ranks #32 out of 63 for this category.

IFC Markets can be even more cost-friendly for active traders: its new ECN account delivers an effective EUR/USD spread of about 1.1 pips after a 0.005% commission on both sides of a trade. It also charges no inactivity fees and offers active trader discounts. If your goal is to trim trading costs, IFC Markets’ pricing structure may offer better value than Questrade’s higher EUR/USD targets.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Minimum Deposit info $250 $1
Average spread (EUR/USD) - Standard account info N/A 1.44 info
All-in Cost EUR/USD - Active info N/A 1.1 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Questrade and IFC Markets both let you trade forex as CFDs or spot. Questrade lists 641 tradable symbols and 110 forex pairs, edging out IFC Markets with 630 symbols and 49 pairs. Questrade also lets you buy actual exchange-traded U.S. stocks and ETFs (like Apple on NASDAQ) and international shares, while IFC Markets does not support real U.S.-listed stocks but does offer some international exchange-traded shares. Both brokers support cryptocurrency CFDs (not actual crypto), and only IFC Markets offers copy trading.

For range of investments, Questrade is rated 5 stars and ranks #12 out of 63 brokers by ForexBrokers.com, while IFC Markets holds 3.5 stars and ranks #31. Choose Questrade if access to real U.S. stocks and a larger selection of forex pairs matters most; go with IFC Markets if copy trading is a priority alongside international exchange-traded shares and crypto CFDs.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 641 630
Forex Pairs (Total) info 110 49
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Questrade vs IFC Markets: both brokers offer free demo (paper) accounts, in-house trading platforms, and the choice of a Windows desktop download or a web-based platform. Each lets you place trades directly from charts. Key differences: Questrade does not support copy trading or MetaTrader, while IFC Markets offers copy trading and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Indicator counts and watchlist column options are not specified and may vary by platform version.

For trading platforms and tools, both earn 4 out of 5 stars. In ForexBrokers.com’s 2024 rankings, Questrade places #28 out of 63 brokers, while IFC Markets follows at #29. If you need MT4/MT5 or copy trading, IFC Markets has the edge; if those aren’t priorities, Questrade’s platform lineup may suit you just as well.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 64 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Questrade and IFC Markets both deliver full-featured mobile trading apps for iPhone and Android. Each supports price alerts and watchlist syncing, so symbols you add or edit on mobile match your online account. Charting tools are well covered on both apps with trendline drawing and auto-saved annotations, making it easy to pick up where you left off across devices.

For technical analysis, Questrade offers 64 built-in studies, while IFC Markets includes 30. Both earn 4 out of 5 stars for Mobile Trading Apps, but Questrade ranks higher in the ForexBrokers.com category (#28 of 63) than IFC Markets (#34 of 63). If deeper chart studies matter to you, Questrade has the edge; otherwise, both apps check the core boxes for on-the-go trading.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Questrade and IFC Markets both earn 3.5 stars for research, though IFC Markets ranks slightly higher (#30 of 63) than Questrade (#34 of 63) at ForexBrokers.com. Each broker provides an economic calendar, but their day-to-day insights differ: IFC Markets publishes daily market commentary, while Questrade does not.

For tools, Questrade stands out with Autochartist, Trading Central, and TipRanks, but it lacks a sentiment tool and Acuity Trading. IFC Markets offers a sentiment-based tool, yet does not include Autochartist, Trading Central, TipRanks, or Acuity Trading. Regarding forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, IFC Markets does not provide it; Questrade’s access to such news isn’t specified. Choose IFC Markets if you value daily commentary and sentiment data, or go with Questrade if Autochartist, Trading Central, and TipRanks are higher on your list.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Daily Market Commentary (Articles) info No Yes
Forex News (Top-Tier Sources) info No
Autochartist info Yes No
Trading Central info Yes No
Client sentiment data info No Yes
TipRanks info Yes No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing Questrade and IFC Markets for beginner education, both brokers deliver a solid library of starter videos, with at least 10 beginner-friendly clips that explain trading concepts in plain language. However, neither broker hosts ongoing client webinars each month, so live classroom-style learning isn’t part of the experience. For overall education, both earn 3.5 out of 5 stars.

If you want room to grow beyond the basics, IFC Markets offers at least 10 advanced videos for more experienced traders, while Questrade does not. That extra depth helps IFC Markets edge Questrade in our rankings: IFC Markets is #25 of 63 brokers for Education on ForexBrokers.com, compared to Questrade at #28. In short, both are good for getting started with beginner videos, but IFC Markets provides a clearer path to more advanced learning, and neither broker relies on monthly webinars.

Feature Questrade logoQuestrade
IFC Markets logoIFC Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than IFC Markets. Questrade finished with an overall rank of #29, while IFC Markets finished with an overall rank of #33.

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 logoQuestrade
IFC Markets logoIFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 73
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Fees 3/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Questrade or IFC Markets?

Questrade vs IFC Markets: neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

Questrade vs IFC Markets: both support bank wire transfers for deposits and withdrawals, neither offers ACH/SEPA, PayPal, or Skrill, and Visa/Mastercard availability is not specified for either broker.

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Overall Rating Questrade IFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 3/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 86 73
Winner check_circle
Review Questrade Review
Broker Screenshots Questrade IFC Markets
Broker Gallery (click to expand) info
Questrade Global web platform dashboard. Questrade Global web platform Autochartist signals. Questrade educational content featured lessons.
Regulation Questrade IFC Markets
Trust Score info 86 73
Year Founded info 2000 2006
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No
Tier-1 Licenses info 2 0
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Questrade IFC Markets
Australia (ASIC Authorised) info
Canada (CIRO Authorised) info Yes
Hong Kong (SFC Authorised) info No
Japan (FSA Authorised) info No
Singapore (MAS Authorised) info No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info No
USA (CFTC Authorized) info No
New Zealand (FMA Authorised) info No
Regulated in one or more EU or EEA countries (MiFID). info No
Tier-2 Licenses (Trusted) Questrade IFC Markets
Kenya (CMA Authorised) info No
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info No
India (SEBI Authorised) info No
Jordan (JSC Authorised) info No
Investments Questrade IFC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 641 630
Forex Pairs (Total) info 110 49
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers
Cost Questrade IFC Markets
Average spread (EUR/USD) - Standard account info N/A 1.44 info
All-in Cost EUR/USD - Active info N/A 1.1 info
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info No Yes
Funding Questrade IFC Markets
Minimum Deposit info $250 $1
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms Questrade IFC Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools Questrade IFC Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 64 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Questrade IFC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Questrade IFC Markets
Daily Market Commentary (Articles) info No Yes
Forex News (Top-Tier Sources) info No
Autochartist info Yes No
Trading Central info Yes No
TipRanks info Yes No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education Questrade IFC Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Major Forex Pairs Questrade IFC Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Questrade Review
Overall Questrade IFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 3/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 86 73
Winner check_circle
Review Questrade Review
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