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 |
When comparing commissions and fees, Spreadex generally offers lower costs than Questrade for forex trading. Questrade’s target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. By contrast, Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time. For frequent traders, that tighter pricing can translate into noticeably lower trading costs.
Ratings and rankings reflect this gap. Questrade earns 3 out of 5 stars for commissions and fees and ranks #59 out of 63 brokers at ForexBrokers.com. Spreadex earns 4 out of 5 stars and ranks #28 out of 63. If minimizing spreads on major forex pairs is your priority, Spreadex appears more cost-effective than Questrade based on recent data.
| 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 support forex trading (CFD or spot) and offer crypto via CFDs, while neither provides copy trading or the ability to buy actual cryptocurrency. The key differences show up in market access. Spreadex lists around 10,000 tradeable symbols, far more than Questrade’s 641, but Questrade offers 110 forex pairs versus 52 at Spreadex. Importantly, Questrade lets clients buy real exchange-traded securities on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London), whereas Spreadex does not offer direct share dealing and focuses on CFDs.
Both brokers earn 5 out of 5 stars for Range of Investments. In the ForexBrokers.com rankings of 63 brokers, Questrade places #12 and Spreadex ranks #14. In short, choose Spreadex if you want a very wide selection of CFD markets, and pick Questrade if you want access to real U.S. and international shares along with a larger list 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 for trading platforms and tools: both brokers offer a free demo (paper trading) account and run proprietary platforms built in-house. Questrade provides a Windows-based desktop download along with a web platform, while Spreadex is web-only. Both let you place trades directly from charts. Neither supports copy trading, and neither offers MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. In the category ranking of 63 brokers, Questrade is #35 and Spreadex is #47. The number of technical indicators and watch list fields was not specified in the data provided.
| 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.
Comparing Questrade vs Spreadex for mobile trading apps, both brokers offer iPhone and Android apps with price alerts and the ability to draw trendlines on charts. Each earns a 4-star mobile rating, but their rankings differ: Questrade sits at #35 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Spreadex is #47. If you want a broadly capable app with strong charting and organization, Questrade has the edge; if you just need the basics for on-the-go trading, Spreadex can still get the job done.
Questrade stands out with watchlist syncing between the app and web platform, 64 technical studies for charts, and auto-saving of chart drawings. Spreadex does not sync watchlists, does not auto-save drawings, and its number of technical studies isn’t listed. For traders who value deeper chart analysis and seamless cross-device workflow, Questrade is the more feature-rich choice, while Spreadex covers essential functions without the extra tools.
| 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 holds an edge with daily market commentary and real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. It also provides a sentiment tool that shows the ratio of long vs. short positions, plus an economic calendar. Questrade, by contrast, does not offer daily commentary, a sentiment tool, or a top-tier forex news feed, though it does include an economic calendar.
Both brokers feature Autochartist for technical ideas. Questrade adds Trading Central and TipRanks, which Spreadex does not offer, while neither includes tools from Acuity Trading (Signal Centre). Overall, Spreadex is rated 4 out of 5 stars and ranks 32nd of 63 for research, whereas Questrade scores 3.5 out of 5 stars and ranks 52nd. Choose Spreadex if you prioritize live news and sentiment insights; pick Questrade if Trading Central and TipRanks are more important to your workflow.
| 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-focused trading videos, giving new traders a clear place to start. Neither runs monthly client webinars, and neither has 10 or more advanced videos for experienced traders. Whether each broker provides 10+ education pieces dedicated specifically to forex or CFDs was not confirmed from the provided details.
According to ForexBrokers.com, Questrade is rated 3.5 stars for Education and ranks #36 out of 63 brokers, while Spreadex is rated 4 stars and ranks #45. For beginners, both are good for video-based learning—Spreadex earns the higher star rating, while Questrade holds the higher category rank. If you want frequent webinars or a deeper advanced video track, you may need to look elsewhere.
| 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 #32, while Spreadex finished with an overall rank of #39.
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 (SFC 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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