Written by ForexBrokers.com
In this head to head comparison of Questrade vs iFOREX, 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.
When considering online brokers for trading, Questrade and iFOREX are two notable options. Founded in 2000, Questrade stands out with its impressive Trust Score of 86 as per ForexBrokers.com, indicating it is a trusted broker. With two Tier-1 licenses, Questrade's regulatory status reflects a strong level of trust and security for users. While Questrade is not a publicly traded company, nor is it a bank, its array of licenses and high trust score make it a reliable choice for online trading.
iFOREX, established earlier in 1996, holds a ForexBrokers.com Trust Score of 75, placing it in a category of average risk when compared to its competitors. iFOREX has one Tier-1 license, ensuring a degree of trust but indicating room for caution relative to more highly-rated platforms. Like Questrade, iFOREX is not publicly traded and does not operate as a bank. Although both brokers provide reputable services, Questrade’s higher Trust Score and more substantial regulatory backing may appeal to traders seeking heightened assurance.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Year Founded | 2000 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing commissions and fees, Questrade lists a target spread of 1.9 pips on EUR/USD, which is higher than the industry average. That helps explain its Commissions and Fees score of 3 out of 5 stars and its ranking of 59th out of 63 brokers on ForexBrokers.com.
iFOREX also earns 3 out of 5 stars for Commissions and Fees, but its average spread data is not available, making apples‑to‑apples cost comparisons difficult. On ForexBrokers.com, iFOREX ranks 62nd out of 63 in the Commissions and Fees category.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade vs iFOREX: both support forex trading via CFDs/spot, but their product lineups differ. iFOREX lists more total tradeable symbols (750 vs 641), while Questrade offers more forex pairs (110 vs 88). A key divider is stock access: Questrade lets you buy actual exchange-traded shares on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London), whereas iFOREX does not offer real shares—only CFDs. Neither broker provides copy trading.
For crypto, both let you trade cryptocurrency derivatives, but neither offers delivered crypto. Based on ForexBrokers.com’s Range of Investments ratings, Questrade scores 5 stars and ranks #12 out of 63 brokers, while iFOREX earns 3.5 stars and ranks #42. In short, choose Questrade if you want real stocks alongside a wide selection of forex pairs; pick iFOREX if you prefer a larger overall CFD lineup.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 750 |
| Forex Pairs (Total) | 110 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| 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.
Comparing Questrade vs iFOREX on trading platforms and tools: Questrade offers a free paper trading (demo) account, while iFOREX does not. Both brokers provide proprietary platforms and web-based trading, but only Questrade adds a Windows desktop platform. Neither supports MT4 or MT5, and copy trading isn’t available at either broker. For add-ons, Questrade supports DupliTrade, whereas iFOREX does not; neither broker offers ZuluTrade.
For charting and interface features, both brokers let you place trades directly from charts. Questrade lists 20 drawing tools vs 25 at iFOREX; the number of built-in technical indicators isn’t specified for either. Watchlists are far deeper at Questrade (52 columns) than iFOREX (9 columns). Both earn 4 out of 5 stars for Trading Platforms and Tools, but rankings differ: Questrade is #35 of 63 brokers on ForexBrokers.com, while iFOREX is #55 of 63. Traders wanting a demo and a desktop platform may lean toward Questrade, while web-only traders can use either.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 57 |
| Charting - Drawing Tools (Total) | 20 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and iFOREX both offer iPhone and Android apps. For everyday use, Questrade includes stock and forex price alerts, watchlist symbol syncing between the app and your online account, and the option to build watchlists with real-time quotes. iFOREX offers the apps but does not include alerts, synced watchlists, or real-time quote watchlists.
For charting on mobile, Questrade provides 64 technical studies, drawing tools like trendlines, multiple time frames (daily, weekly, intraday), and it auto-saves chart drawings. iFOREX does not provide these charting tools on mobile and lists no technical studies. Both brokers earn 4 stars for Mobile Trading Apps, but in ForexBrokers.com’s rankings out of 63 brokers, Questrade places #35 while iFOREX ranks #56.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing Questrade vs iFOREX for market research: iFOREX stands out for providing daily market commentary and a sentiment tool that shows the ratio of long vs. short positions. Questrade does not offer daily commentary or a sentiment tool, but it does include Autochartist and TipRanks, plus Trading Central tools—while iFOREX includes Trading Central but not Autochartist, and TipRanks is not specified. For top-tier news feeds (Bloomberg/Reuters/Dow Jones), iFOREX does not offer them; Questrade’s availability is not specified. Both brokers provide an economic calendar.
In independent testing, both Questrade and iFOREX earn 3.5 out of 5 stars for Research. By category ranking at ForexBrokers.com, Questrade is 52nd out of 63 brokers, while iFOREX ranks 49th. If you value daily commentary and sentiment data, iFOREX has an edge; if you prefer Autochartist and TipRanks alongside Trading Central, Questrade may fit better.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Questrade stands out, particularly in the realm of forex and CFDs. They offer a comprehensive suite of over 10 educational pieces, including articles, videos, and archived webinars that focus specifically on these topics. For those who prefer a visual learning style, Questrade also provides a substantial library of beginner educational videos focused on trading topics. However, if you're aiming for advanced trading knowledge, you might find their resources a bit limited, as they don't offer an array of advanced educational videos.
On the other hand, iFOREX also supplies over 10 beginner educational videos aimed at newcomers, catering to those who are just starting their trading journey. However, they lack depth in their forex and CFDs educational material and do not provide a trackable archive of client webinars. Both Questrade and iFOREX do not offer an investor dictionary or monthly online educational webinars, but their educational offerings still provide a good starting point for beginners. Based on ForexBrokers.com rankings, Questrade is positioned higher at #36 for education compared to iFOREX at #53, though both share a 3.5-star rating in the education category.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. Questrade finished with an overall rank of #32, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 86 | 75 |
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Both Questrade and iFOREX do not offer the ability to buy actual delivered cryptocurrencies, but they both provide options for trading cryptocurrency derivatives.
When comparing the funding and withdrawal options of online brokers Questrade and iFOREX, both offer Visa/Mastercard and bank wire transfers, but only iFOREX supports PayPal and Skrill, whereas neither broker provides ACH or SEPA transfers.
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 | iFOREX | |
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| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | iFOREX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | iFOREX | |
|---|---|---|---|
| Trust Score | 86 | 75 | |
| Year Founded | 2000 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | 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 | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 750 | |
| Forex Pairs (Total) | 110 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 52 | 9 | |
| Charting - Indicators / Studies (Total) | 64 | 57 | |
| Charting - Drawing Tools (Total) | 20 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Questrade | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Questrade | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | ||
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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