Written by ForexBrokers.com
In this head to head comparison of Questrade vs RoboForex, 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 Canadian online broker renowned for its investment services. Not listed on any stock exchange and not functioning as a bank, Questrade has nonetheless earned a commendable position in the realm of online trading. Holding two Tier-1 licenses, Questrade achieves a solid Trust Score of 86 out of 99 from ForexBrokers.com, categorizing it as a trusted broker. This level of trust reflects its regulatory compliance and commitment to offering secure trading opportunities.
On the other hand, RoboForex, which entered the market in 2009, offers a variety of trading services. Like Questrade, it neither trades publicly nor operates as a bank. RoboForex holds one Tier-1 license, and with a Trust Score of 73 according to ForexBrokers.com, it is regarded as having an average risk level. This makes RoboForex a viable choice for those who appreciate competitive trading conditions balanced with moderate regulatory assurance.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Questrade vs RoboForex on commissions and fees: RoboForex comes out slightly ahead. RoboForex holds a 3.5 out of 5 star rating and ranks #56 out of 63 brokers for this category at ForexBrokers.com, while Questrade earns 3 out of 5 stars and ranks #59 out of 63.
Looking at spreads on the popular EUR/USD pair, Questrade’s target spread of 1.9 pips is considered steep compared to the industry average. RoboForex posts average spreads of 1.3 pips on its Procent and Pro accounts—narrower than Questrade’s, but still on the high side. In practical terms, higher spreads mean you pay more each time you open and close a trade.
If your priority is lower forex trading costs, RoboForex typically offers the edge on EUR/USD, though neither broker is a low-cost leader by industry standards. Questrade may suit those already invested in its platform, but budget-focused forex traders may find RoboForex’s pricing slightly more appealing.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | 1.3 |
| 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.
Questrade vs. RoboForex: comparing the range of investments. Questrade earns 5 stars (ranked #12 of 63) for Range of Investments, while RoboForex scores 4.5 stars (ranked #21 of 63). Both brokers support forex trading (as CFDs or spot) and offer cryptocurrency CFDs, but neither lets you buy actual crypto. RoboForex lists about 8,400 tradeable symbols, far more than Questrade’s 641; however, Questrade offers 110 forex pairs compared with RoboForex’s 28.
If you want real exchange-traded securities, Questrade provides direct access to U.S. stocks like Apple and to international exchanges such as London—options RoboForex does not provide. RoboForex counters with copy trading, which Questrade doesn’t offer. In short, pick Questrade for access to U.S. and global shares plus a larger selection of forex pairs, or choose RoboForex if you prefer a very large menu of CFD instruments along with copy trading.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 8400 |
| Forex Pairs (Total) | 110 | 28 |
| 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 RoboForex both offer free paper trading, plus Windows desktop and web platforms. Questrade provides its own in-house platform, while RoboForex does not; instead, RoboForex supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Questrade does not. Both let you place trades straight from a chart. The number of technical indicators available was not specified for either broker.
Copy trading is available at RoboForex but not at Questrade. For trading platforms and tools, both are rated 4 stars by ForexBrokers.com; Questrade ranks #35 of 63 brokers and RoboForex ranks #44. Choose Questrade if you want a broker with its own platform experience, or pick RoboForex if you prefer the MetaTrader suite and copy trading. The number of watchlist columns was not specified.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Questrade and RoboForex for mobile trading shows a lot in common: both offer iPhone and Android apps, price alerts, and handy chart tools like trendline drawing with auto-save. If you trade on the go, either app can handle everyday tasks and quick checks without a hitch.
The differences appear in depth and convenience. Questrade’s app supports 64 technical studies versus 30 at RoboForex, giving more ways to analyze price action. Questrade also syncs watchlists between mobile and the web platform, while RoboForex does not. Both earned 4 out of 5 stars for Mobile Trading Apps, yet Questrade ranks #35 out of 63 brokers at ForexBrokers.com, ahead of RoboForex at #44.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| 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.
When comparing market research at Questrade and RoboForex, the biggest difference is news and commentary. RoboForex offers daily market commentary and streams forex news from top-tier sources (e.g., Bloomberg, Reuters, or Dow Jones), plus research from Acuity Trading and an economic calendar. Questrade does not provide daily commentary, and its top-tier forex news access isn’t specified, but it stands out with Autochartist, Trading Central, TipRanks, and also includes an economic calendar. Both brokers lack a sentiment tool that shows the ratio of long and short positions, while Trading Central is available on both.
Both Questrade and RoboForex earn 3.5 stars for Research from ForexBrokers.com, though RoboForex ranks higher at #38 out of 63 brokers compared with Questrade at #52. If you want daily commentary and integrated premium news with Acuity Trading, RoboForex is the better fit. If you prefer Autochartist scans, Trading Central, and TipRanks insights, Questrade is a strong alternative.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| 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 | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners, Questrade edges out RoboForex with a larger beginner-friendly video library: Questrade provides at least 10 beginner trading videos, while RoboForex does not meet that mark. Neither broker offers at least 10 advanced trading videos, and both lack monthly educational webinars. Despite sharing the same overall education rating (3.5 out of 5 stars), Questrade ranks higher (#36 of 63) than RoboForex (#57 of 63) for Education on ForexBrokers.com, suggesting a stronger starting point for new traders who prefer structured video learning.
Details about whether either broker delivers 10 or more forex/CFD-specific pieces of education are not specified here. If forex or CFD learning is a priority, check each broker’s website for the latest articles, videos, and any archived sessions. For most beginners, Questrade’s broader set of starter videos may make it easier to build basic skills, while both brokers may require supplementing with outside resources for advanced topics or live classes.
| Feature |
Questrade
|
RoboForex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 RoboForex. Questrade finished with an overall rank of #32, while RoboForex finished with an overall rank of #46.
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
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
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Comparing online brokers Questrade vs. RoboForex for cryptocurrency trading: neither offers buying actual delivered cryptocurrencies, but both provide access to cryptocurrency CFDs.
Questrade vs RoboForex: RoboForex supports ACH/SEPA transfers, while Questrade does not; Questrade allows bank wire deposits/withdrawals but not PayPal or Skrill, and other RoboForex funding methods are 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 | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review | RoboForex Review |
| Broker Screenshots | Questrade | RoboForex | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | RoboForex | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | 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 | ||
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 8400 | |
| Forex Pairs (Total) | 110 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Questrade | RoboForex | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | RoboForex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Questrade | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review | RoboForex Review |
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