Written by ForexBrokers.com
In this head to head comparison of Questrade vs IUX, 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.
Questrade, established in 2000, is a private online broker that has earned a Trust Score of 86, categorizing it as a trusted platform according to ForexBrokers.com. Despite not being publicly traded or a bank, Questrade holds two Tier-1 licenses, which are highly regarded in the industry. These credentials contribute to its reputation as a reliable option for online investing, appealing to both novice and seasoned investors.
On the other hand, IUX, which began operations in 2016, also serves investors as a private online broker but carries a Trust Score of 69, placing it in the high-risk category. Like Questrade, IUX is neither publicly traded nor a bank. It possesses one Tier-2 license, indicating a moderate level of trust. Investors might approach IUX with caution due to its lower trust rating compared to Questrade.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Questrade and IUX based on their commissions and fees, each broker offers distinct pricing structures. Questrade, although offering a range of trading services, comes with a higher target spread of 1.9 pips for the EUR/USD pair, making it steeper compared to the industry average. This positions Questrade as a more cost-effective choice for certain traders, though not the most competitive in the larger market. ForexBrokers.com ranks Questrade at #58 out of 63 brokers in the Commissions and Fees category and assigns it a 3-star rating for this aspect.
In contrast, IUX provides a range of account options to accommodate various trading preferences. The Standard and Standard+ accounts require just a $10 minimum deposit, with the Standard account providing lower spreads without promotional bonuses. For more active traders, IUX offers the Raw and Pro accounts, needing a minimum deposit of $500. The Raw account delivers the lowest spreads but includes a commission fee, while the Pro account operates on a spread-only basis with comparatively lower spreads. With average spreads as low as 0.6 pips on the Raw account when factoring in commission, IUX emerges as a competitive choice in specific accounts but might not be the absolute lowest-cost option in the industry.
Overall, IUX scores slightly higher with a 4-star rating from ForexBrokers.com and is ranked #49 out of 63 brokers for Commissions and Fees. This suggests it is perceived as offering a more attractive pricing structure than Questrade, particularly for those seeking diverse account options and the potential for lower trading costs. However, the choice between Questrade and IUX should consider individual trading needs, including the trade-offs between spreads, commissions, and initial deposit requirements.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Minimum Deposit | $250 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and IUX for the range of investments they offer, Questrade stands out with an impressive array of 641 tradeable symbols, which is significantly more than IUX's 152. Both platforms provide the option to trade forex as a CFD or spot contract. However, Questrade expands this offering with 110 tradeable forex pairs compared to the 34 available through IUX. In addition to forex, Questrade allows investors to purchase exchange-traded securities on U.S. exchanges, such as Apple shares, a feature not offered by IUX. Both brokers permit buying on international exchanges like the London Stock Exchange, exemplified by stocks such as Vodafone.
Neither Questrade nor IUX offers copy trading capabilities, and both provide the option to buy cryptocurrency derivatives but not actual cryptocurrencies. In terms of the overall range of investments, Questrade has a higher user rating of 5 stars compared to IUX's 3.5 stars. According to ForexBrokers.com, Questrade is ranked 11th out of 63 brokers for its range of investments, while IUX is positioned at 60th. This showcases Questrade as a more diverse option for traders looking for a wide selection of investment opportunities.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 152 |
| Forex Pairs (Total) | 110 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
Questrade and IUX both cater to traders with responsive and versatile platforms, each offering in-house developed proprietary systems fitting for Windows-based desktops and web browsers. For traders who prefer practicing strategies without risk, both Questrade and IUX provide simulated trading through free virtual demo accounts. While Questrade has integrated DupliTrade into their platform, IUX does not yet offer this feature. On the downside, neither broker supports the popular MetaTrader 4, though IUX offers the upgraded MetaTrader 5, which is unavailable with Questrade. Additionally, both brokers lack copy trading and ZuluTrade support.
For those who enjoy charting, IUX offers a wider selection of 89 drawing tools, greatly outnumbering the 20 available through Questrade. However, Questrade compensates with 52 columns in their watch lists compared to IUX's 46, enabling more detailed market monitoring. Both brokers offer direct trading from stock charts, which is a useful feature for active traders. Overall, Questrade receives a higher rating of 4 stars for trading platforms and tools compared to IUX's 3.5 stars, and it ranks significantly higher in ForexBrokers.com's evaluation. This suggests that Questrade might offer a somewhat more refined experience for users seeking comprehensive toolsets in their trading journey.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 106 |
| Charting - Drawing Tools (Total) | 20 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and IUX, there are a few key differences that stand out. Both brokers provide apps for iPhone and Android users, ensuring accessibility across popular devices. While both platforms deliver real-time quotes and watchlist capabilities, Questrade offers an edge with its ability to sync watchlist symbols with the client's online account. This syncing feature ensures that changes made in one location reflect in the other, a convenience not provided by IUX.
Charting capabilities differ between the two brokers. Questrade allows users to draw trendlines on charts, and offers a satisfactory count of 64 technical studies, enabling comprehensive market analysis. In contrast, IUX cannot draw trendlines, but it compensates with 106 technical studies. Users of both apps can view charts across various time frames, and they benefit from auto-saving drawings. Price alerts are another strong point for Questrade, offering stock or forex alerts that are absent in IUX. These features may contribute to Questrade's higher rating of 4 stars for its mobile trading experience, while IUX holds a 3.5-star rating. According to ForexBrokers.com rankings, Questrade sits at #34 out of 63 brokers, clearly surpassing IUX, which ranks #60.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| 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 IUX for market research features, both platforms lack daily market commentary and forex news from top-tier sources, such as Bloomberg or Reuters. However, Questrade makes up for this by offering technical analysis and fundamental research tools from Autochartist and Trading Central, while IUX does not provide these resources. Additionally, Questrade offers market research tools from TipRanks, enhancing its research offerings, whereas IUX does not include TipRanks in its toolkit. Both platforms feature an economic calendar that helps users keep track of important global news events.
In terms of ratings, Questrade receives a research score of 3.5 out of 5 stars, slightly edging out IUX, which is rated at 3 stars. These ratings reflect their rankings among 63 brokers reviewed by ForexBrokers.com, with Questrade positioned at #51 and IUX at #59. While both are mid-tier in their research capabilities, Questrade's additional tools and resources provide it with a slight advantage over IUX for traders prioritizing market research features.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Questrade offers a more comprehensive online experience compared to IUX. Questrade shines by providing a wide array of educational content focused on forex and CFDs, with over ten articles, videos, and archived webinars dedicated to these subjects. They also have a searchable archive of recorded webinars, making it easy for beginners to revisit past sessions and deepen their understanding. Additionally, Questrade boasts over ten beginner-focused educational videos, a valuable resource for those new to trading. However, one area Questrade and IUX both lack is providing live monthly webinars and a dictionary of trading terms for beginners.
IUX, while it matches Questrade in offering more than ten beginner educational videos, falls short in other areas. The platform lacks dedicated forex or CFDs education resources and does not provide access to a webinar archive. As a result, IUX ranks lower in the educational category by ForexBrokers.com, sitting at 59 out of 63 brokers, compared to Questrade's position at 36. While both platforms have room for improvement, Questrade offers a more resourceful environment for those looking to learn the basics of trading.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| 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 IUX. Questrade finished with an overall rank of #32, while IUX finished with an overall rank of #63.
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
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both Questrade and IUX do not offer the option to buy actual (delivered) cryptocurrency, but they both provide the ability to purchase cryptocurrency derivatives.
When comparing online brokers Questrade and IUX, both lack ACH, SEPA, and PayPal options for depositing or withdrawing funds, yet they both support Visa, Mastercard, and bank wire transactions, while IUX uniquely offers Skrill as an additional funding option.
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 | IUX | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | IUX | |
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| Regulation | Questrade | IUX | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2000 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 152 | |
| Forex Pairs (Total) | 110 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | Questrade | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | IUX | |
|---|---|---|---|
| Minimum Deposit | $250 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 46 | |
| Charting - Indicators / Studies (Total) | 64 | 106 | |
| Charting - Drawing Tools (Total) | 20 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Questrade | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Questrade | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | IUX | |
|---|---|---|---|
| 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 | IUX | |
|---|---|---|---|
| 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 | IUX | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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