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, Spreadex comes out ahead of Questrade for most forex traders. Questrade Global is a spread-only broker, so its costs are built into the price you see rather than charged as a separate commission. While Questrade says spreads can start at 0.8 pips, typical major-pair spreads were closer to 2.1 to 2.5 pips at the time of review, which can make trading more expensive. Questrade is rated 3.5 out of 5 stars and ranked #35 out of 36 brokers for commissions and fees.
Spreadex offers lower average forex costs, with EUR/USD spreads averaging 0.81 pips in January 2024 and hitting a minimum spread of 0.6 pips 60% of the time that month. That tighter pricing helps keep trading costs down, especially for active traders who make frequent forex trades. Spreadex is rated 4 out of 5 stars and ranked #27 out of 36 brokers for commissions and fees.
Questrade’s CFD pricing can also be costly because it adds a $9.95 USD fee per unit, on top of the spread and any overnight financing charges. In simple terms, that means a CFD trade can become expensive quickly, especially on larger positions or longer holds. Spreadex appears more competitive on pricing overall, while Questrade may suit traders who value its platform but are less focused on low trading costs.
| Feature |
Questrade
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 0.81 |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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 free demo account, a proprietary platform, and web-based access, so each broker makes it easy to test strategies and trade from a browser. Both also let you place trades directly from charts, which is helpful for active traders who want a quicker way to react to market moves. Neither broker supports copy trading, MetaTrader 4, or MetaTrader 5.
The main difference is that Questrade also offers a Windows desktop platform, while Spreadex does not. For trading platforms and tools, both brokers are rated 4 out of 5 stars, but Questrade ranks higher overall in ForexBrokers.com’s category list at #30 out of 36, compared with Spreadex at #37 out of 36. That makes Questrade the stronger pick if you want more platform choice, while Spreadex still covers the basics well for web-based trading.
| 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, and each lets users set stock or forex price alerts. They also both support drawing trendlines on charts. Where Questrade stands out is in watchlist syncing, so changes made in the app and online account stay aligned, plus its app includes 64 technical studies and auto-saves chart drawings. Spreadex does not offer watchlist syncing, and it does not auto-save chart drawings.
In terms of user ratings, Spreadex scores slightly higher for mobile trading apps at 4 stars, compared with Questrade’s 3.5 stars. Even so, Questrade places better in ForexBrokers.com’s ranking for this category, coming in at #30 out of 36 brokers, while Spreadex ranks #36 out of 36. For traders who want stronger charting tools and better account syncing, Questrade may be the better fit, while Spreadex still covers the basics well on mobile.
| 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 Questrade vs Spreadex for market research, Spreadex has the edge for everyday news and market updates. It offers daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar for tracking upcoming events. Questrade does not offer daily market commentary, top-tier forex news, sentiment data, or an economic calendar, but it does include research from TipRanks and access to tools from Autochartist and Trading Central.
Both online brokers provide Autochartist, which can help traders spot possible opportunities, but Questrade adds Trading Central while Spreadex does not. On the other hand, Spreadex offers more in terms of news flow and market tracking. That broader selection is reflected in its higher research rating of 4 stars and better ForexBrokers.com research rank of #29 out of 36, compared with Questrade’s 3.5 stars and #36 ranking.
| 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 comparing Questrade and Spreadex for beginner education, Spreadex comes out ahead in a few important areas. Spreadex offers at least 10 beginner trading videos, while Questrade does not meet that mark. Spreadex also earns a slightly higher education rating from ForexBrokers.com, with 4 out of 5 stars versus Questrade’s 3.5 stars. That said, neither broker offers monthly educational webinars, and neither one has at least 10 advanced videos for experienced traders.
For forex and CFDs learning content, the picture is less clear from the details provided for Questrade, while Spreadex does offer forex or CFD education with enough material to meet the 10-piece minimum. Even so, Spreadex is ranked #36 out of 36 brokers for Education by ForexBrokers.com, compared with Questrade at #30, which suggests both brokers have room to improve. For beginners looking for video-based learning, Spreadex is the stronger choice, but neither platform stands out as a top education hub overall.
| 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) - Spread-only account | 0.8 or higher | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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