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 account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade vs iFOREX: both support forex trading, but their ranges differ. Questrade offers 641 tradeable symbols and 110 forex pairs, while iFOREX lists 750 symbols and 88 forex pairs. A key difference is stock access: only Questrade lets you buy exchange-traded securities on U.S. and international exchanges (for example, Apple on NASDAQ or Vodafone in London). iFOREX does not offer direct share dealing and focuses on CFDs.
Neither broker provides copy trading. Both let you trade cryptocurrency via CFDs, but neither allows buying actual crypto. For range of investments, ForexBrokers.com rates Questrade 5 stars (ranked 12th of 63) and iFOREX 3.5 stars (ranked 42nd). In short, Questrade suits investors who want real stocks plus many forex pairs, while iFOREX appeals if you want a larger overall list of CFD symbols.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 750 |
| Forex Pairs (Total) | 110 | 88 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | 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.
Questrade vs iFOREX for trading platforms and tools: Questrade offers a proprietary platform available as a Windows desktop download and a web platform, plus a free paper trading demo account. It also lets you place orders directly from charts. iFOREX likewise uses its own proprietary, browser-based platform with chart trading, but it does not provide a desktop download or a simulated demo account. Neither broker supports MT4 or MT5, and neither offers copy trading.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. In that category, Questrade ranks #35 out of 63 brokers, while iFOREX ranks #55. If you want a desktop platform and the ability to practice with a demo before risking real money, Questrade stands out. If you prefer a simple web platform with chart trading and don’t need MT4/MT5, iFOREX can fit the bill.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade vs iFOREX for mobile trading: both offer apps for iPhone and Android. The everyday feature set differs, though. Questrade includes price alerts and watchlist syncing between the app and your online account, while iFOREX lacks both. Each earns 4 out of 5 stars for Mobile Trading Apps, but Questrade ranks higher (#35 of 63 brokers) than iFOREX (#56 of 63) on ForexBrokers.com.
Charting is another separator. Questrade provides 64 technical studies, supports drawing trendlines, and auto-saves your chart drawings. iFOREX does not list a study count and does not support trendline drawing or auto-save. If you want richer charting and timely alerts, Questrade is the better fit; if you only need basic trading access on iOS and Android, both apps will get you logged in and trading.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade and iFOREX both offer beginner-friendly education, including at least 10 videos that cover basic trading topics. If you prefer live learning, note that neither broker hosts monthly educational webinars, and neither provides 10 or more advanced videos geared to experienced traders.
Both brokers earn 3.5 out of 5 stars for Education from ForexBrokers.com. That said, Questrade ranks #36 out of 63 in the Education category, while iFOREX ranks #53, suggesting Questrade has a slight edge overall for learning materials. For beginners who like to learn through videos, both are solid picks; if you want more advanced depth or regular webinars, you may need to supplement with other resources.
| Feature |
Questrade
|
iFOREX
|
|---|---|---|
| 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 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 |
|
|
| Trust Score | 86 | 75 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Questrade vs iFOREX: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both provide access to cryptocurrency CFDs.
Questrade vs iFOREX deposit and withdrawal options: both lack ACH/SEPA; Questrade does not offer PayPal or Skrill, has unspecified Visa/Mastercard support, and does allow bank wire transfers, while iFOREX’s availability of PayPal, Skrill, Visa/Mastercard, and bank wire transfers is not specified.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Questrade | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | iFOREX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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 | Questrade | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 64 | 57 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | iFOREX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review |
| Overall | Questrade | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill