Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs Questrade, 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.
StoneX Trading and Questrade are both non-bank online brokers, but their regulatory profiles are not the same. StoneX Trading was founded in 1983, is publicly traded, and holds 7 Tier-1 licenses plus 1 Tier-2 license, which helps explain its ForexBrokers.com Trust Score of 99 out of 99. In ForexBrokers.com terms, that places StoneX Trading in the highly trusted category.
Questrade was founded later, in 2000, and is not publicly traded. It holds 1 Tier-1 license and no Tier-2 licenses, and its ForexBrokers.com Trust Score is 85 out of 99, which still falls in the trusted range. For traders comparing regulation and trust, StoneX Trading has the stronger regulatory profile, while Questrade remains a well-regarded option.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Year Founded | 1983 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, StoneX Trading comes out ahead of Questrade for most traders. StoneX Trading is rated 4.5 out of 5 stars and ranks #16 out of 36 brokers for commissions and fees. Its pricing for CFDs, forex, and spread betting is generally in line with the industry average, and costs are usually best when you trade on its own platforms or MetaTrader. For example, its average EUR/USD spread was 0.74 pips as of July 2023, which is competitive, though not quite as low as the very best forex brokers. Active traders may also qualify for rebates, with discounts available for high monthly volume in the U.K. and Australia.
Questrade is simpler in structure, since it mainly uses spread-based pricing rather than a separate commission on forex trades. It is rated 3.5 out of 5 stars and ranks #34 out of 36 brokers in the commissions and fees category. Questrade says spreads can start at 0.8 pips under normal market conditions, but average major-pair spreads were found to be closer to 2.1 to 2.5 pips, which can make trading more expensive. On CFDs, Questrade adds a $9.95 USD fee per unit on top of the spread, and overnight financing costs can push total expenses even higher.
In plain terms, StoneX Trading is the better pick if lower overall trading costs matter most. Questrade may be easy to understand, but its wider spreads and added CFD fees can make it pricier for frequent traders. For shoppers comparing online broker fees, StoneX Trading offers the stronger value and the better commissions and fees rating.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Minimum Deposit | £100.00 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.8 or higher |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
StoneX Trading offers a wider overall range of tradable markets than Questrade, with 13,500 symbols compared with 675. Both brokers support forex trading, but Questrade lists more currency pairs, with 110 versus StoneX Trading’s 66. Neither broker offers direct stock trading on U.S. or international exchanges, and neither lets clients buy actual cryptocurrency.
There are some key differences in extra features and product access. StoneX Trading supports copy trading and cryptocurrency CFDs, while Questrade does not offer either. Even so, both brokers earn 5 out of 5 stars for Range of Investments, with StoneX Trading ranked #8 out of 36 brokers in this category and Questrade ranked #12 out of 36 by ForexBrokers.com.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 675 |
| Forex Pairs (Total) | 66 | 110 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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.
StoneX Trading and Questrade both give traders a strong set of platform choices, including a free paper trading account, a proprietary platform, a Windows desktop app, and a browser-based trading platform. Both brokers also let you place trades directly from a stock chart, which can make it easier to act quickly while reviewing price moves. In ForexBrokers.com’s Trading Platforms and Tools category, StoneX Trading scores 4.5 out of 5 stars and ranks #11 out of 36 brokers, while Questrade scores 4 out of 5 stars and ranks #29.
Where StoneX Trading stands out is in extras for active traders: it offers copy trading and supports MetaTrader 4 (MT4), while Questrade does not offer either feature. Neither broker supports MetaTrader 5 (MT5). For traders who want more platform options and third-party tools, StoneX Trading has the edge, while Questrade still covers the basics well for users who want a simple, flexible trading setup.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 88 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and Questrade both offer mobile trading apps for iPhone and Android, along with price alerts, watchlist syncing, trendline drawing, and automatic saving of chart drawings. That means either broker gives traders the basics needed to follow markets and manage watchlists on the go. For everyday mobile use, the two platforms are similar in core features, so both should work well for users who want access from a phone or tablet.
Where StoneX Trading stands out is in charting depth and overall mobile app feedback. Its app includes 88 technical studies compared with Questrade’s 64, giving traders more tools for mobile chart analysis. StoneX Trading is also rated 4.5 out of 5 stars for Mobile Trading Apps and ranks #9 out of 36 brokers at ForexBrokers.com, while Questrade is rated 3.5 stars and ranks #29. For traders who care most about stronger mobile charting and higher app ratings, StoneX Trading has the edge.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing StoneX Trading vs. Questrade for market research, StoneX Trading comes out ahead overall. It offers daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool for seeing long and short positioning, and an economic calendar with global events. It also includes Trading Central research tools, which can help traders spot ideas and trends. By contrast, Questrade does not offer daily market commentary, top-tier forex news, sentiment tools, or an economic calendar, though it does provide Autochartist, Trading Central, and TipRanks research.
These differences are reflected in third-party ratings and rankings. StoneX Trading is rated 4.5 out of 5 stars for research and is ranked #10 out of 36 brokers by ForexBrokers.com in the research category, while Questrade is rated 3.5 out of 5 stars and ranked #35. For traders who want more built-in market analysis and news coverage, StoneX Trading offers a stronger research package overall.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing StoneX Trading and Questrade for beginner education, StoneX Trading comes out ahead. StoneX offers forex and CFDs education, plus online educational client webinars at least once a month, along with 10+ beginner trading videos and 10+ advanced videos for more experienced traders. This wider mix of learning tools helps new traders build skills step by step, and it is reflected in StoneX Trading’s 4.5-star Education rating and its #9 rank out of 36 brokers at ForexBrokers.com.
Questrade also provides education, but it falls behind StoneX Trading in key areas for beginners. Based on the information provided, Questrade does not meet the same level of forex or CFDs education, does not offer monthly educational client webinars, and does not have 10+ beginner or advanced trading videos. With a 3.5-star Education rating and a #28 rank out of 36 brokers, Questrade may still offer useful learning content, but StoneX Trading is the stronger choice for beginners looking for more trading education support.
| Feature |
StoneX Trading
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than Questrade. StoneX Trading finished with an overall rank of #8, while Questrade finished with an overall rank of #29.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
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Questrade
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| Trust Score | 99 | 85 |
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StoneX Trading offers cryptocurrency CFD trading but does not provide access to actual delivered crypto, while Questrade does not offer either actual cryptocurrency purchases or crypto CFDs.
StoneX Trading offers more flexible funding and withdrawal options than Questrade, supporting ACH/SEPA transfers and PayPal in addition to bank wires, while Questrade only supports bank wires and does not offer ACH/SEPA or PayPal; neither broker supports Skrill.
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 | StoneX Trading | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Questrade Review |
| Broker Screenshots | StoneX Trading | Questrade | |
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| Regulation | StoneX Trading | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1983 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | StoneX Trading | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | StoneX Trading | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 675 | |
| Forex Pairs (Total) | 66 | 110 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | StoneX Trading | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.8 or higher | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | StoneX Trading | Questrade | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | StoneX Trading | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | StoneX Trading | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | StoneX Trading | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | StoneX Trading | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | Questrade Review |
| Overall | StoneX Trading | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Questrade Review |
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