Written by ForexBrokers.com
In this head to head comparison of Questrade vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Questrade vs Spreadex: Questrade was founded in 2000 and Spreadex in 1999. Neither broker is publicly traded, and neither is a bank. In terms of regulation, both hold one Tier-1 license (considered highly trusted by ForexBrokers.com) and zero Tier-2 licenses, giving each a similar regulatory footprint.
According to ForexBrokers.com’s Trust Score (out of 99), Questrade scores 85 and Spreadex scores 70. On their scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted at all. That places Questrade in the trusted range and Spreadex in the average risk category, helping you compare their overall safety and regulatory standing at a glance.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Year Founded | 2000 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing commissions and fees, Questrade is the pricier option for many traders. Questrade Global uses spread-based pricing, so there is no separate trading commission on forex, but the cost is built into the spread you pay. While Questrade says spreads can start at 0.8 pips, real-world average spreads on major pairs were closer to 2.1 to 2.5 pips, which can add up quickly. On CFDs, Questrade also charges a $9.95 USD trading fee per unit, and this can make each trade much more expensive once you factor in spreads and overnight financing costs. Questrade is rated 3.5/5 stars and ranked #34 out of 36 brokers for commissions and fees.
Spreadex offers a more competitive cost structure for forex trading. Its average EUR/USD spread was 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time during the month. That tighter pricing can help lower overall trading costs, especially for active traders. Spreadex is rated 4/5 stars and ranked #26 out of 36 brokers for commissions and fees.
Overall, Spreadex comes out ahead of Questrade on commissions and fees thanks to lower average spreads and a better rating and ranking. If keeping trading costs low is a priority, Spreadex is the better fit based on this category alone.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Spreadex for range of investments, both brokers support forex trading and each offers 5-star ratings for investment selection. Questrade provides 675 tradeable symbols and 110 forex pairs, while Spreadex gives access to a much larger overall list of 10,000 tradeable symbols but only 52 forex pairs. In ForexBrokers.com’s Range of Investments category, Questrade ranks #12 out of 36 brokers, just ahead of Spreadex at #13.
Neither broker offers real shares on U.S. or international exchanges, and neither supports copy trading or the purchase of actual cryptocurrency. The main difference is that Spreadex does offer cryptocurrency CFDs, while Questrade does not. For traders who want a wider list of markets, Spreadex stands out on total symbols, while Questrade may appeal more to those looking for a greater number of forex pairs.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 10000 |
| Forex Pairs (Total) | 110 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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 Spreadex both give traders a choice of simulated paper trading, a proprietary platform, and a web-based trading platform, so each broker lets you test ideas and manage trades online without relying on outside software like MetaTrader 4 or MetaTrader 5. Both also support trading directly from a chart and neither offers copy trading, which keeps the focus on self-directed trading. In ForexBrokers.com’s Trading Platforms and Tools review, each broker is rated 4 out of 5 stars, showing that both provide solid platform options for everyday investors.
The main difference is that Questrade also offers a Windows desktop download platform, while Spreadex does not, which may matter more to traders who want a software install instead of only browser access. Still, Spreadex remains a close match for web-based trading and chart-based order entry. In the same category, Questrade is ranked #29 out of 36 brokers, while Spreadex sits at #35, giving Questrade the edge overall for trading platforms and tools.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Spreadex both make it easy to trade from your phone, with iPhone and Android apps, price alerts, and the ability to draw trendlines on charts. Both apps support core mobile trading needs, so if you want to check markets and manage trades while away from your desk, each broker gives you that option. Spreadex also earns a slightly higher mobile app score at 4 stars, compared with Questrade’s 3.5 stars.
That said, Questrade has a clear edge in charting and account syncing. Its mobile app offers 64 technical studies, saves chart drawings automatically, and syncs watchlists between the app and your online account. Spreadex does not offer watchlist syncing, does not auto-save chart drawings, and its chart study count is not listed. In ForexBrokers.com’s Mobile Trading Apps rankings, Questrade places #29 out of 36 brokers, while Spreadex ranks #34.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Spreadex has the edge over Questrade. Spreadex offers daily market commentary, forex news from top names like Bloomberg and Reuters, a sentiment tool showing long and short positioning, and an economic calendar for tracking major global events. Questrade, on the other hand, does not provide daily commentary or top-tier forex news, but it does include Autochartist, Trading Central, and TipRanks research tools.
Overall, Spreadex earns a slightly higher research score, with 4 out of 5 stars versus Questrade’s 3.5 stars. That also lines up with their ForexBrokers.com rankings, where Spreadex places #28 out of 36 brokers for Research, ahead of Questrade at #35. Both brokers offer Autochartist, but Spreadex appears to give traders a broader set of market research features.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner education, Spreadex has the edge over Questrade. Spreadex offers at least 10 beginner-focused trading videos and earns a 4-star Education rating, while Questrade does not meet that same beginner-video mark and is rated 3.5 stars. Neither broker currently offers monthly educational webinars, and neither provides enough advanced video content to clearly stand out for experienced traders.
For forex and CFD learning material, the two brokers appear limited, with no clear sign that either one reaches the minimum of 10 education pieces focused mainly on forex or CFDs. In ForexBrokers.com’s Education rankings, Questrade places higher overall at #28 out of 36, compared with Spreadex at #34. For beginners looking for more video-based help, Spreadex is the better fit, while Questrade has a slightly stronger overall education rank.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| 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 Spreadex. Questrade finished with an overall rank of #29, while Spreadex finished with an overall rank of #33.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 70 |
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In a Questrade vs Spreadex comparison for cryptocurrency access, both brokers do not offer buying actual (delivered) crypto, but while Questrade also lacks crypto CFDs, Spreadex provides cryptocurrency trading via CFDs.
Questrade vs Spreadex: both online brokers support bank wire deposits and withdrawals but do not offer ACH/SEPA, PayPal, or Skrill, while Visa/Mastercard availability is 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 | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
| Broker Screenshots | Questrade | Spreadex | |
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| Regulation | Questrade | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 70 | |
| Year Founded | 2000 | 1999 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| 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 | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 10000 | |
| Forex Pairs (Total) | 110 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Questrade | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
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