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 and Spreadex, both non-publicly traded companies without bank status, offer unique strengths for online trading enthusiasts. Established in 2000, Questrade holds two Tier-1 licenses, signaling a high level of trust according to ForexBrokers.com standards. This regulatory backing contributes to its Trust Score of 86, making it a reliable choice for investors. Conversely, Spreadex, founded in 1999, maintains one Tier-1 license and achieves a Trust Score of 71. Although rated as an average risk, Spreadex offers its own allure for users seeking alternative trading experiences.
While neither Questrade nor Spreadex holds Tier-2 licenses, both platforms ensure a secure environment within their regulatory frameworks. Prospective investors might favor Questrade for its higher trust rating and dual Tier-1 licenses, enhancing its credibility. However, Spreadex stands as a viable option for those who value its distinctive features, supported by respectable regulatory compliance. This detailed comparison assists users in making informed decisions when selecting an online broker, balancing trust scores and regulatory credentials.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Year Founded | 2000 | 1999 |
| 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 | 0 |
Questrade’s commissions and fees lean higher for forex. Its target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. Reflecting this pricing, Questrade holds a 3 out of 5 stars rating for Commissions and Fees and is ranked #33 out of 63 brokers by ForexBrokers.com.
Spreadex delivers more competitive pricing. In January 2024, its average EUR/USD spread was 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time. Spreadex earns 4 out of 5 stars for Commissions and Fees and is ranked #25 out of 63 brokers by ForexBrokers.com.
Bottom line: for lower day‑to‑day forex trading costs, Spreadex’s tighter EUR/USD spreads generally beat Questrade. Traders focused on minimizing spreads may find Spreadex the better value, while Questrade’s higher EUR/USD pricing could add up for frequent trades.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 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 and Spreadex both let you trade forex as CFDs or spot contracts and support cryptocurrency via CFDs (but not actual coins). Spreadex stands out for sheer variety with about 10,000 tradeable symbols, while Questrade lists 641. If you focus on forex pairs, Questrade offers more choice (110 pairs) than Spreadex (52). Neither platform offers copy trading.
For investors who want to own real shares, Questrade provides direct access to exchange‑traded securities on both U.S. and international exchanges, while Spreadex does not offer direct share dealing outside of CFDs. Both brokers earn 5 stars for Range of Investments; in category rankings, Questrade is #12 out of 63 and Spreadex is #13. In short, pick Spreadex for a very wide CFD lineup, or choose Questrade if you want real stocks on U.S. and global markets plus a larger selection of forex pairs.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 10000 |
| Forex Pairs (Total) | 110 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| 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 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.
Both the Questrade mobile app and the Spreadex mobile app are available on iPhone and Android, and both support price alerts to help you track stocks or forex. A key difference is watchlists: Questrade syncs your watchlists between the app and your online account, while Spreadex does not, so changes on one won’t carry over to the other.
For charting, Questrade lists 64 technical studies and lets you draw trendlines that auto-save, making it easier to pick up where you left off. Spreadex also lets you draw trendlines, but drawings don’t auto-save, and it doesn’t provide a published count of technical studies. Both apps earn 4 out of 5 stars for mobile trading, with Questrade ranked #28 and Spreadex ranked #33 out of 63 brokers by ForexBrokers.com.
| 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 you compare market research at Questrade and Spreadex, the two brokers take different approaches. Spreadex offers daily market commentary and streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, which is helpful if you want timely headlines. Questrade does not provide daily commentary, and its access to top-tier forex news is not specified. Both brokers include Autochartist and an economic calendar. Questrade adds Trading Central and TipRanks, while Spreadex does not have Trading Central but does include a sentiment tool that shows the ratio of long vs. short positions. Neither broker features Acuity Trading.
In independent ratings, Spreadex earns 4 stars for Research and ranks #27 of 63 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks #34. Choose Spreadex if you want steady news flow, daily commentary, and sentiment data; pick Questrade if you value Trading Central analysis and TipRanks insights alongside Autochartist and an economic calendar.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade vs Spreadex for beginner education: both brokers offer at least 10 beginner-friendly trading videos, which makes learning the basics straightforward. Neither runs monthly educational webinars, and neither provides 10 or more advanced-trader videos. Spreadex earns 4 out of 5 stars for Education, while Questrade scores 3.5 out of 5. That said, ForexBrokers.com ranks Questrade higher at #28 out of 63 in the Education category, with Spreadex at #33.
In practice, beginners will find useful video lessons at either broker, but traders who want frequent live classes or deeper advanced content may need outside resources. Choose Spreadex if you prefer the slightly higher star rating; pick Questrade if the stronger category placement matters more to you.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| 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 Spreadex. Questrade finished with an overall rank of #29, while Spreadex finished with an overall rank of #32.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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In the Questrade vs Spreadex comparison for cryptocurrency trading, neither broker offers actual delivered crypto purchases, but both provide cryptocurrency CFD trading.
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 | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
| Broker Screenshots | Questrade | Spreadex | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | Spreadex | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| 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 | 2 | 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 SCA 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) | 641 | 10000 | |
| Forex Pairs (Total) | 110 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 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 | $250 | $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) | Yes | ||
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | 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 | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Spreadex Review |
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