Written by ForexBrokers.com
In this head to head comparison of Questrade vs IronFX, 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.
Established in 2000, Questrade is a significant player in the online brokerage world, offering a solid level of trustworthiness. With a Trust Score of 86 out of 99 as rated by ForexBrokers.com, Questrade is deemed a trusted broker. While it isn't publicly traded nor recognized as a bank, Questrade strengthens its credibility with 2 Tier-1 licenses, considered highly reliable by industry standards. Thus, Questrade stands as a dependable option for online trading, thanks to its regulatory safeguards.
Founded in 2010, IronFX is another prominent choice for online trading, with a modestly trusted rating. With a Trust Score of 83, it falls within the trusted category according to ForexBrokers.com. Similar to Questrade, IronFX is not listed on a stock exchange and is not a bank. However, IronFX slightly edges out with 3 Tier-1 licenses, reinforcing its position as a trusted broker. Despite zero Tier-2 licenses, IronFX's regulatory framework still garners confidence among its clients.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Year Founded | 2000 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, both Questrade and IronFX price above the industry average for forex spreads. Questrade lists a target spread of 1.9 pips on EUR/USD, which is on the high side. IronFX reports a typical 1.8-pip spread on its Standard variable spread account, also higher than average. Based on our scoring, Questrade earns 3 out of 5 stars and ranks #59 out of 63 for Commissions and Fees, while IronFX earns 4 out of 5 stars and ranks #47 out of 63.
IronFX’s pricing depends on the account type. The Standard variable spread account shows a typical 1.8 pips (no date range provided, and conditions can vary). The Zero fixed-spread account can start at 0 pips, but there’s a $18 per lot commission, and those fixed spreads widen to 3 pips overnight.
Bottom line: IronFX edges Questrade on headline pricing and in our ratings and rankings, but both appear costlier than many peers. Your actual trading costs will depend on the account you choose and when you trade.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Minimum Deposit | $250 | $50 |
| Average spread (EUR/USD) - Standard account | N/A | 1.2 |
| 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 IronFX: which broker has the broader range of investments? Questrade offers 641 tradeable symbols and 110 forex pairs, compared with IronFX’s 340 symbols and 83 forex pairs. Both brokers support forex trading (CFD or spot) and offer cryptocurrency trading via CFDs, but neither lets you buy actual, delivered crypto. A key difference: Questrade lets clients buy exchange-traded securities on U.S. and international exchanges (for example, Apple on NASDAQ or Vodafone on the London Stock Exchange), while IronFX does not. IronFX does offer copy trading; Questrade does not.
For range of investments, Questrade earns 5 stars and is ranked #12 out of 63 brokers by ForexBrokers.com. IronFX earns 3.5 stars and is ranked #52 out of 63.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 340 |
| Forex Pairs (Total) | 110 | 83 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| 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 and IronFX both offer free demo (paper) accounts and let you place trades straight from price charts. Questrade provides a proprietary (built in-house) platform for both web and Windows desktop, while IronFX offers a Windows desktop platform and a browser platform with MetaTrader 4 support. Neither broker supports MetaTrader 5. Copy trading is available at IronFX but not at Questrade. Indicator counts for charting and the number of watch list fields were not specified for either broker.
For trading platforms and tools, ForexBrokers.com rates Questrade at 4 out of 5 stars (ranked 35th of 63) and IronFX at 3.5 out of 5 stars (ranked 62nd of 63). Choose Questrade if you want an in-house platform experience across web and desktop; pick IronFX if you prefer MT4 and access to copy trading.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade vs IronFX mobile apps: both brokers offer iPhone and Android apps with price alerts, trendline drawing, and auto‑saved chart annotations. The key differences show up in charting depth and watchlist tools. Questrade packs 64 technical studies compared with IronFX’s 30, and Questrade syncs watchlists between mobile and the web platform, while IronFX does not. If you rely on indicators and want your watchlists to stay aligned across devices, Questrade has the edge.
Ratings back this up: Questrade’s mobile app scores 4 out of 5 stars and ranks #35 of 63 brokers at ForexBrokers.com, while IronFX earns 3.5 stars and ranks #63 of 63. If you need a fuller set of mobile trading features, Questrade is the stronger pick; if you just want basic on-the-go trading with alerts and simple drawing tools, IronFX can still get the job done.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research, IronFX is stronger for day‑to‑day insights: it offers daily market commentary and forex news from top‑tier sources like Bloomberg, Reuters, or Dow Jones. Questrade does not publish daily commentary, and whether it provides top‑tier forex news isn’t specified. Both brokers include Trading Central research and an economic calendar for upcoming events. Questrade adds Autochartist for technical analysis, while IronFX does not. Neither broker provides a sentiment tool that shows long/short positioning.
On extra research tools, Questrade includes TipRanks, while TipRanks availability at IronFX isn’t specified. Questrade does not offer Acuity Trading tools, and availability at IronFX isn’t specified. Research ratings reflect these differences: Questrade scores 3.5/5 stars (ranked #52 of 63), while IronFX scores 4/5 stars (ranked #29) on ForexBrokers.com. Pick IronFX if you want steady commentary and headline news; pick Questrade if Autochartist and TipRanks are priorities.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | No |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade vs. IronFX for beginner education: both brokers provide at least 10 beginner-focused trading videos to help you learn the basics. Neither runs monthly client education webinars, and neither meets the mark of 10 or more advanced videos for seasoned traders.
IronFX earns 4 stars for education, while Questrade is rated 3.5 stars. That said, in the education category across 63 brokers, Questrade ranks higher at #36 compared with IronFX at #44. If you want a library of beginner videos, both are solid options. If you’re counting on regular webinars or deeper advanced lessons, you may want to consider other choices.
| Feature |
Questrade
|
IronFX
|
|---|---|---|
| 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 IronFX. Questrade finished with an overall rank of #32, while IronFX finished with an overall rank of #48.
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
|
IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 83 |
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Questrade vs IronFX: neither broker supports buying actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Questrade vs IronFX: for deposit and withdrawal methods, both do not support ACH or SEPA; Questrade also does not accept PayPal or Skrill but does offer bank wire transfers, while IronFX’s availability for PayPal, Skrill, Visa/Mastercard, and bank wires 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.
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0 of 5| Overall Rating | Questrade | IronFX | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | IronFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | IronFX | |
|---|---|---|---|
| Trust Score | 86 | 83 | |
| Year Founded | 2000 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 340 | |
| Forex Pairs (Total) | 110 | 83 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | IronFX | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | IronFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | IronFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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