Written by ForexBrokers.com
In this head to head comparison of Questrade vs MultiBank, 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, and MultiBank, founded in 2005, are both well-regarded online brokers, albeit with slight differences in their regulatory standings. Neither of these platforms is publicly traded or operates as a bank. In terms of credibility, Questrade holds two Tier-1 licenses, indicating a strong level of trust, while MultiBank surpasses this with three Tier-1 licenses, further bolstering its reliability. Additionally, MultiBank holds one Tier-2 license, which is another mark of trust, while Questrade does not possess any Tier-2 licenses.
When it comes to trust ratings on ForexBrokers.com, Questrade secures an impressive Trust Score of 86 out of 99, marking it as a trusted broker. In comparison, MultiBank has a slightly lower Trust Score of 84, aligning it closely with its competitor in terms of trustworthiness. These scores suggest that both brokers are reliable, yet there are nuanced differences in their regulatory assurances and trust ratings that potential users might consider when making a choice between the two.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| Year Founded | 2000 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
Questrade vs. MultiBank: when you compare commissions and fees, MultiBank generally comes out ahead. Questrade’s target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. MultiBank offers tiered pricing through three account types (Standard, Pro, and ECN), with the potential for tighter spreads—especially on its ECN account that adds a small commission. For this category, Questrade is rated 3 out of 5 stars and ranks #59 out of 63 brokers, while MultiBank is rated 4 out of 5 stars and ranks #39 out of 63.
Questrade: the 1.9-pip target spread on EUR/USD can make frequent trading more expensive, particularly for forex traders seeking low-cost execution. That pricing underpins its 3/5 star rating and lower ranking in the commissions and fees category.
MultiBank: choose among Standard (higher spreads, $50 minimum deposit), Pro (lower spreads, $1,000 minimum), and ECN (lowest spreads, $10,000 minimum) accounts. The ECN account charges a small $3 round-trip commission per trade. Note the non-trading fee: an inactivity charge of $60 per month applies if your account has no trading activity for 90 days.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $250 | $50 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the Questrade vs MultiBank comparison for range of investments, both brokers support forex trading (CFDs or spot). Questrade lists 641 tradable symbols and 110 forex pairs, while MultiBank offers 1,042 symbols and 40 forex pairs. A key difference is stock market access: Questrade lets you buy exchange-traded securities on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London), whereas MultiBank does not offer exchange-traded stocks.
When it comes to extras, MultiBank provides copy trading and the ability to buy actual cryptocurrency as well as crypto CFDs; Questrade does not offer delivered crypto and limits crypto to CFDs, and it doesn’t have copy trading. For Range of Investments, Questrade is rated 5 stars and ranks #12 out of 63 brokers by ForexBrokers.com, while MultiBank earns 4 stars and ranks #38. Choose Questrade if you want more forex pairs and direct access to U.S. and global stocks; pick MultiBank if you prefer more total symbols, real crypto, and copy trading.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1042 |
| Forex Pairs (Total) | 110 | 40 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
Questrade and MultiBank both give traders a free paper trading or virtual demo account to practice. Each broker offers a proprietary (in‑house) platform, plus a Windows desktop download and a web-based trading platform. You can also place orders directly from charts on both, which can make timing your entries easier.
Key differences: MultiBank supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and offers copy trading, while Questrade does not support MT4/MT5 or copy trading. For Trading Platforms & Tools, both earned 4 out of 5 stars; however, ForexBrokers.com ranks Questrade #35 out of 63 brokers and MultiBank #40 out of 63. Choose MultiBank if you want MetaTrader and copy trading, or Questrade if you prefer an in-house platform and don’t need social trading features.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and MultiBank both deliver full-featured mobile trading on iPhone and Android, including stock and forex price alerts. Each app supports chart drawing with trendlines and auto-saves your annotations, and both earn a 4-star rating for Mobile Trading Apps.
The key differences show up in syncing and chart depth. Questrade syncs watchlist symbols between the mobile app and your online account, while MultiBank does not. For indicators, Questrade offers 64 technical studies compared with 30 at MultiBank. In ForexBrokers.com’s Mobile Trading Apps rankings, Questrade is #35 out of 63 brokers and MultiBank is #42. Choose Questrade if you want more indicators and synced watchlists; pick either if you mainly need alerts and solid chart drawing on iPhone or Android.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| 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.
For market research, Questrade and MultiBank take different paths. Neither broker publishes daily market commentary, but both provide an economic calendar to track key events. MultiBank includes forex news from top-tier sources (e.g., Bloomberg, Reuters, Dow Jones), while Questrade does not list this feature. Questrade, however, offers third-party research from Autochartist and Trading Central, plus TipRanks stock research—tools that MultiBank does not provide. Neither broker offers a sentiment tool showing long/short positioning. Questrade does not offer Acuity Trading tools, and MultiBank’s use of Acuity is not specified.
Both brokers earn 3.5 out of 5 stars for Research. In ForexBrokers.com’s rankings, MultiBank is #50 of 63 brokers, while Questrade is #52. Choose Questrade if you want chart pattern recognition, technical and fundamental studies, and analyst-driven ideas via Autochartist, Trading Central, and TipRanks. Choose MultiBank if headline forex news from leading wires is a priority alongside a straightforward economic calendar.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade and MultiBank both give beginner traders a helpful starting point with at least 10 beginner-focused trading videos. However, neither broker runs monthly educational webinars, and neither offers 10 or more advanced videos, so the content may feel limited once you move beyond the basics. The availability of a dedicated forex/CFD education catalog (10+ pieces focused on those topics) isn’t confirmed for either broker.
Both are rated 3.5 out of 5 stars for Education by ForexBrokers.com, but Questrade ranks higher overall (#36 of 63) than MultiBank (#50 of 63). In short, both are fine for learning the fundamentals through video, while Questrade holds a modest edge in overall education standing. Traders who want live classes or deeper advanced material may need to supplement with third-party resources.
| Feature |
Questrade
|
MultiBank
|
|---|---|---|
| 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 MultiBank. Questrade finished with an overall rank of #32, while MultiBank finished with an overall rank of #40.
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
|
MultiBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 84 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Among online brokers, Questrade does not support buying actual (delivered) cryptocurrency but does offer cryptocurrency CFD trading, while MultiBank lets you buy real delivered crypto and also trade crypto CFDs.
Questrade vs MultiBank: Questrade supports bank wire deposits/withdrawals but not ACH/SEPA, PayPal, or Skrill (Visa/Mastercard unspecified), while MultiBank supports ACH/SEPA with PayPal, Skrill, Visa/Mastercard, and bank wire availability unspecified.
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 | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Questrade Review | MultiBank Review |
| Broker Screenshots | Questrade | MultiBank | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Questrade | MultiBank | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2000 | 2005 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Questrade | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | 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 | Yes |
| Tier-2 Licenses (Trusted) | Questrade | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1042 | |
| Forex Pairs (Total) | 110 | 40 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers |
| Cost | Questrade | MultiBank | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $250 | $50 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Questrade | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | MultiBank | |
|---|---|---|---|
| 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 | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | MultiBank | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | MultiBank | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | Questrade | MultiBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Questrade Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill