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.
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 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 |
Questrade vs Spreadex on commissions and fees: Questrade Global uses a spread-only model—no separate trading commission—so your costs are built into the price you see. Questrade says spreads can be as low as 0.8 pips in normal conditions, but typical spreads on major forex pairs tend to run about 2.1–2.5 pips, which puts an estimated round-trip cost near $20 for a standard 100,000‑unit trade. Spreadex, by comparison, averaged 0.81 pips on EUR/USD in January 2024 and hit its 0.6‑pip minimum 60% of the time, suggesting lower all‑in costs for many forex traders.
For CFDs, Questrade adds a small spread plus a $9.95 USD fee per unit when you open and again when you close. Example: buying one Tesla CFD unit showed a $0.05 spread and $19.95 USD total in fees round‑trip (about 5.813%), before any overnight financing; holding for a month added about $2.23 (0.65%). That fee structure can make small CFD positions relatively expensive.
Bottom line on pricing: Spreadex is rated 4 out of 5 stars for commissions and fees and ranks #25 out of 63 brokers at ForexBrokers.com. Questrade is rated 3.5 out of 5 stars and ranks #33 out of 63. If tighter forex spreads are your priority, Spreadex generally looks cheaper, while Questrade’s spread‑only approach is simple but may cost more in typical conditions—especially for smaller CFD trades.
| 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.
Questrade vs Spreadex: both let you trade forex as CFDs or spot. Questrade offers 675 tradeable symbols and 110 forex pairs, while Spreadex lists 10,000 symbols and 52 forex pairs. Neither broker provides exchange‑traded securities (not CFDs) on U.S. or international exchanges (so you can’t buy actual shares like Apple on NASDAQ or Vodafone in London), and neither supports copy trading.
For crypto access, neither sells actual coins, but Spreadex offers cryptocurrency CFDs whereas Questrade does not. Both earn 5/5 stars for Range of Investments; ForexBrokers.com ranks Questrade #12 of 63 and Spreadex #13. In short, Questrade suits traders prioritizing a wider set of forex pairs, while Spreadex appeals if you want a much larger overall list of markets plus crypto CFDs.
| 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 vs Spreadex: both brokers provide a free demo (paper) account and run their own proprietary trading platforms. Each offers a web-based platform you can use in your browser, and both let you place orders straight from a chart. If you want a downloadable Windows desktop platform, Questrade has one while Spreadex does not. Neither broker supports copy trading, and neither offers MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Tool details like the exact number of chart indicators and watchlist columns weren’t specified. That said, both earn 4 stars for Trading Platforms and Tools, with Questrade ranked #28 of 63 brokers and Spreadex ranked #34 of 63 by ForexBrokers.com. If you need a Windows desktop app, Questrade is the clearer fit; if you’re fine with trading in a web browser and want a free practice account, both Questrade and Spreadex will do the job.
| 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 offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. For charts, Questrade lists 64 technical studies and lets you draw trendlines; Spreadex also supports trendlines, but does not specify how many indicators it offers. Questrade stands out for convenience features: it auto-saves chart drawings and syncs watchlists with your online account so changes update across devices, while Spreadex does not provide watchlist syncing or auto-save for drawings.
In independent reviews, Questrade’s mobile app earned 3.5 out of 5 stars and ranked #28 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com. Spreadex scored 4 out of 5 stars but ranked #33 out of 63. If you value synced watchlists, saved chart work, and a wide set of indicators, Questrade is the better fit. If you prefer an app users rate slightly higher overall and do not need syncing or auto-save, Spreadex may suit you.
| 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 comparing market research at Questrade and Spreadex, Spreadex delivers more day‑to‑day insights. Spreadex provides daily market commentary, top‑tier forex news from sources like Bloomberg/Reuters/Dow Jones, a sentiment tool showing the ratio of long vs. short positions, and an economic calendar to track key events. Questrade does not include those features, but both brokers offer Autochartist for technical ideas. Questrade stands out with Trading Central and TipRanks research, while Spreadex does not support those two providers. Neither broker offers tools from Acuity Trading (Signal Centre).
For overall research quality, ForexBrokers.com rates Spreadex 4 stars (ranked #27 of 63) and Questrade 3.5 stars (ranked #34 of 63). Choose Spreadex if you want built‑in news, commentary, and market sentiment alongside an economic calendar. Pick Questrade if Trading Central and TipRanks stock and technical research matter more to your workflow.
| 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.
Questrade vs Spreadex: for beginner education, Spreadex stands out for having at least 10 beginner-friendly trading videos, while Questrade does not meet that mark. Neither broker runs monthly educational webinars, and neither offers 10 or more advanced trading videos for experienced traders. The data provided does not confirm whether either broker meets the minimum of 10 forex or CFD-focused education pieces.
Ratings and rankings tell a mixed story. Questrade earns 3.5 out of 5 stars for Education and ranks #28 out of 63 brokers at ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks #33. If you value a deeper library of beginner videos, Spreadex is the easier starting point. If category rank matters more to you, Questrade edges ahead. In both cases, expect no regular webinars and limited advanced video content; check each broker’s site for the latest resources.
| 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 #32.
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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