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 vs IUX: According to ForexBrokers.com, Questrade holds a Trust Score of 85/99 (trusted), while IUX scores 76/99 (average risk). Both brokers hold one Tier-1 license, which is considered highly trusted. IUX also holds one Tier-2 license (trusted), whereas Questrade holds none.
Questrade was founded in 2000 and IUX in 2016. Neither broker is publicly traded, and neither is a bank. If you value stricter oversight, note the Tier-1 coverage for both, with IUX adding a Tier-2 license to its regulatory lineup.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Questrade and IUX take very different approaches to commissions and fees, and that can have a big impact on your trading costs. Questrade Global is a spread-only broker, so it does not charge a separate forex commission; instead, its cost is built into the bid-ask spread. While Questrade says spreads can start as low as 0.8 pips in normal conditions, real-world average spreads on major pairs were closer to 2.1 to 2.5 pips, which can make trading more expensive. Its CFD pricing can also add up quickly, since a $9.95 USD fee applies per unit, on top of the spread and any overnight financing costs. Questrade is rated 3.5/5 stars and ranked #34 out of 36 brokers for commissions and fees.
IUX offers more account choices, which lets traders balance lower spreads against commissions and deposit minimums. Its Standard and Standard+ accounts start with just a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 minimum deposit. The Raw account has a $6 commission per standard lot, but lower spreads, while the Pro account is spread-only and is designed to keep costs competitive without adding a commission. IUX lists average EUR/USD spreads around 0.9 pips on Standard, 0.7 pips on Pro, and about 0.6 pips on Raw when the commission is converted into pip cost. IUX is rated 4.5/5 stars and ranked #19 out of 36 brokers for commissions and fees.
Overall, IUX comes out ahead of Questrade on pricing for most traders, especially if you want lower everyday trading costs or more account options. Questrade may still appeal to some users who prefer its spread-only setup, but its wider spreads and higher CFD fees make it less competitive in this category. For cost-conscious traders comparing Questrade vs. IUX, IUX offers the stronger value on commissions and fees.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 0.86 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to available investments, Questrade offers a wider selection than IUX. Questrade provides access to 675 tradeable symbols and 110 forex pairs, while IUX offers 152 tradeable symbols and 34 forex pairs. Both brokers let clients trade forex as either CFDs or spot contracts, and neither offers U.S.-listed exchange-traded securities, copy trading, or the ability to buy actual cryptocurrency. However, IUX does offer international exchange-traded securities and cryptocurrency CFDs, while Questrade does not.
These differences are reflected in their ratings for range of investments. Questrade earns 5 out of 5 stars and ranks #12 out of 36 brokers at ForexBrokers.com, making it the stronger choice for traders who want more market variety. IUX receives 3.5 out of 5 stars and ranks #37, which may suit traders looking for a smaller selection with some added access to international stocks and crypto CFDs.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 152 |
| Forex Pairs (Total) | 110 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
Questrade and IUX both give traders a solid mix of platform choices, including a proprietary platform, a Windows desktop download, a web-based platform, and a free paper trading account for practice. Each also lets users place trades directly from a stock chart. Neither broker offers copy trading, and neither supports MetaTrader 4, while IUX does offer MetaTrader 5 and Questrade does not. For traders who want to test ideas or trade across different devices, both brokers cover the basics well, but IUX has the extra appeal of MT5 for those who prefer that popular platform.
When it comes to trading tools, Questrade edges ahead on quality and overall platform experience. It is rated 4 out of 5 stars for Trading Platforms and Tools and ranks #29 out of 36 brokers by ForexBrokers.com, while IUX earns 3.5 stars and ranks #37. That makes Questrade the stronger pick for platform and tools overall, especially for beginners and active traders who want an easier all-around experience, while IUX may still appeal to traders who want MT5 support.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and IUX both offer mobile trading apps for iPhone and Android, so either broker lets you trade from your phone. They are tied in user rating for mobile trading apps at 3.5 out of 5 stars, but Questrade has the edge in a few practical areas. Its app includes stock or forex price alerts, watchlist symbol syncing with the online account, and trendline drawing on charts. Questrade also auto-saves chart drawings and offers 64 technical studies for mobile charting.
IUX also auto-saves chart drawings and offers a larger set of technical studies, with 106 available in its mobile app. However, it does not offer price alerts, watchlist syncing, or trendline drawing. In ForexBrokers.com’s mobile trading apps ranking, Questrade places #29 out of 36 brokers, while IUX ranks #37 out of 36 brokers, giving Questrade a stronger overall score for mobile usability.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade vs IUX for market research, Questrade has the edge overall. It offers tools from Autochartist, Trading Central, and TipRanks, which can help traders spot patterns, get technical insights, and follow market ideas. Questrade is rated 3.5 out of 5 for research and is ranked #36 out of 36 brokers by ForexBrokers.com in this category.
IUX provides an economic calendar for tracking upcoming global events, but it does not offer daily market commentary, top-tier forex news, Autochartist, Trading Central, or TipRanks. IUX is rated 3 out of 5 for research and is ranked #37 out of 36 brokers by ForexBrokers.com. For market research tools, Questrade offers more support than IUX.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly education, Questrade and IUX both have room to improve, but IUX gives new traders a slight edge in one key area. IUX offers at least 10 beginner trading videos, while Questrade does not. Neither broker provides monthly educational webinars, and neither offers enough advanced video content for experienced traders. In addition, neither broker appears to provide the level of forex or CFD-focused education that would meet the threshold of at least 10 dedicated learning pieces on those topics.
Looking at overall education scores, Questrade comes out ahead with 3.5 out of 5 stars and a #29 ranking out of 36 brokers from ForexBrokers.com, compared with IUX’s 3 stars and #37 ranking. So, if you want a broker with slightly stronger overall educational support, Questrade has the better rating, but if you are specifically looking for beginner video content, IUX is the better fit.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | 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 IUX. Questrade finished with an overall rank of #29, while IUX finished with an overall rank of #37.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 76 |
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In the Questrade vs IUX comparison, both online brokers do not allow buying actual delivered cryptocurrency, but only IUX offers cryptocurrency CFDs while Questrade offers neither actual crypto nor crypto CFDs.
Questrade vs IUX deposit and withdrawal comparison: both do not support ACH or SEPA transfers or PayPal, IUX supports Skrill while Questrade does not, both support bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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 | 85 | 76 | |
| Winner | check_circle | ||
| Review | Questrade Review | IUX Review |
| Broker Screenshots | Questrade | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | IUX | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| 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 | 1 | 1 | |
| 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) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA 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, FSRA, or CMA 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) | 675 | 152 | |
| Forex Pairs (Total) | 110 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | Yes | |
| Disclaimers |
| Cost | Questrade | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Questrade | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | No | Yes |
| Education | Questrade | IUX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | IUX | |
|---|---|---|---|
| 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 | IUX Review |
| Overall | Questrade | IUX | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | Questrade Review | IUX Review |
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