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 |
When comparing commissions and fees, IUX comes out ahead of Questrade for most traders. Questrade Global is a spread-only broker, so trading costs are built into the bid-ask spread rather than added as a separate commission. That can keep pricing simple, but it may not be the cheapest option: Questrade says spreads can start at 0.8 pips, while typical major-pair spreads reviewed were closer to 2.1 to 2.5 pips. It also charges a $9.95 USD fee per CFD unit, which can make CFD trading expensive once spreads and overnight costs are added. Questrade is rated 3.5 out of 5 stars and ranked #33 out of 36 for Commissions and Fees by ForexBrokers.com.
IUX offers more account choices, which can help traders match pricing to their style. Its Standard and Standard+ accounts need just a $10 minimum deposit and use spread-based pricing, while the Raw and Pro accounts are aimed at more active traders and require a $500 minimum deposit. The Raw account has lower spreads plus a $6 commission per 100,000 units, while the Pro account is spread-only and designed for lower trading costs without 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 factored in. IUX is rated 4.5 out of 5 stars and ranked #19 out of 36 for Commissions and Fees.
Overall, IUX has the stronger pricing profile, especially for traders who want lower spreads or can use the Pro and Raw accounts. Questrade’s pricing is easier to understand, but its wider spreads and high CFD fees can add up quickly. If keeping trading costs low is your main goal, IUX is the better fit of the two.
| Feature |
Questrade
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.86 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | 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 range of investments, Questrade offers a wider selection than IUX. Questrade provides 675 tradable symbols and 110 forex pairs, while IUX offers 152 tradable symbols and 34 forex pairs. Both brokers support forex trading, but neither lets clients buy actual U.S.-listed shares like Apple or use copy trading. Questrade also does not offer international exchange-traded stocks, while IUX does allow trading in some exchange-traded securities on international markets.
IUX has an edge if you want access to cryptocurrency CFDs and international listed shares, since Questrade does not offer either. Still, Questrade is rated higher for range of investments, earning 5 out of 5 stars and ranking #12 out of 36 brokers, compared with IUX at 3.5 stars and #35 out of 36. Overall, Questrade is the stronger choice for investment variety, while IUX may appeal to traders looking for 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 choice of web-based platforms, Windows desktop downloads, and a free demo account for paper trading, so each broker makes it easy to test strategies before using real money. Both also offer a proprietary platform built in-house and let users place trades directly from a chart, which can be helpful for active traders who want a quicker workflow. Neither broker supports copy trading or MetaTrader 4, but IUX does offer MetaTrader 5 while Questrade does not.
For trading platforms and tools, Questrade has the edge overall. It earns 4 out of 5 stars and ranks #28 out of 36 brokers in this category, while IUX is rated 3.5 stars and ranks #35. If MetaTrader 5 is important to you, IUX may be the better fit; if you want the stronger overall platform-and-tools setup, Questrade comes out ahead.
| 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, and each is rated 3.5 out of 5 stars for mobile trading. Questrade stands out for a few key features that can make day-to-day use easier, including price alerts, watchlist syncing with the online account, and the ability to draw trendlines on charts. Its app also auto-saves chart drawings, and it supports 64 technical studies. In ForexBrokers.com’s mobile apps ranking, Questrade places #28 out of 36 brokers.
IUX also has iPhone and Android apps, and its charting tools include 106 technical studies, which is more than Questrade. However, it does not offer price alerts, watchlist syncing, or trendline drawing in the mobile app. Like Questrade, it does auto-save chart drawings and holds the same 3.5-star mobile app rating. In the same ranking, IUX is placed #35 out of 36 brokers, which suggests Questrade may be the better pick for traders who want more convenience features on mobile.
| 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, both brokers have some gaps, but Questrade comes out ahead overall. Neither broker offers daily market commentary, forex news from major sources like Bloomberg or Reuters, sentiment tools, or Acuity Trading research. However, Questrade does provide extra research support through Autochartist, Trading Central, and TipRanks, while IUX does not offer these tools. IUX does stand out with an economic calendar for tracking upcoming global events, which Questrade does not have.
In ForexBrokers.com’s research rating, Questrade earns 3.5 out of 5 stars and ranks #34 out of 36 brokers, while IUX scores 3 out of 5 stars and ranks #35. For traders who want more third-party market research tools, Questrade is the better choice, while IUX may appeal more to users who mainly want an economic calendar.
| 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 education for beginners, Questrade and IUX both offer some learning support, but their strengths differ. Questrade does not meet the mark for forex or CFD-specific education, monthly educational webinars, or beginner-focused video content, though it still earns a 3.5-star Education rating and ranks #28 out of 36 brokers at ForexBrokers.com. IUX also does not offer monthly educational webinars or a large set of advanced trading videos, and it ranks lower at #35 with a 3-star Education rating.
For new traders looking for video-based help, IUX has the edge because it offers at least 10 beginner trading videos, while Questrade does not. That said, neither broker stands out as a strong choice for forex or CFD education overall, since both fall short on key learning resources in this area. Beginners who want more guided, topic-based education may find IUX slightly better for starting with trading basics, but Questrade currently holds the better overall education score and ranking.
| 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 #35.
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 | |
|---|---|---|---|
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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) - Standard account | 0.8 or higher | 0.86 | |
| All-in Cost EUR/USD - Active | 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 | 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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