Written by ForexBrokers.com
In this head to head comparison of Trading 212 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.
Trading 212 and Questrade are two well-known online brokers that have been in operation for quite some time, with Trading 212 being founded in 2004 and Questrade in 2000. Neither of these companies is publicly traded, nor do they operate as banks. When considering their regulatory standing, Trading 212 holds three Tier-1 licenses, signaling a strong level of trustworthiness as per ForexBrokers.com standards. Despite this, its Trust Score rating is 80 out of 99, indicating it fits into the 'trusted' bracket.
In comparison, Questrade possesses two Tier-1 licenses. However, it achieves a higher Trust Score rating of 86, placing it comfortably within the 'trusted' category as well. Like Trading 212, Questrade does not hold any Tier-2 licenses. For investors seeking a reliable platform, these ratings and licenses offer valuable insight into the brokers' level of trust and regulatory compliance.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Year Founded | 2004 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
In the realm of online trading, both Trading 212 and Questrade present unique offerings in terms of commissions and fees. Trading 212 offers two types of accounts, but let's focus on the CFD account, which requires a minimum deposit of 10 euros. Although Trading 212 promotes zero-commission trading, users should be aware of the spreads when trading CFDs and Forex. For instance, in April 2025, the average spread for the EUR/USD pair was reported at 2.7 pips, which is notably higher than the typical industry rates. This places Trading 212 at a disadvantage compared to leading brokers in this space. On a positive note, Trading 212 has started publishing its average spread data to enhance pricing transparency.
Questrade, another choice for traders, offers a target spread on the EUR/USD pair at 1.9 pips, which is also considered steep when compared to the industry average. Both brokers have room for improvement in terms of offering competitive spreads, which can significantly impact trading costs. For those considering these platforms, it's crucial to weigh these factors against other features that may be important for your trading experience.
When rated on commissions and fees, Trading 212 earns 4 out of 5 stars, whereas Questrade receives 3 out of 5 stars. In a broader comparison by ForexBrokers.com, Trading 212 ranks 49th out of 63 brokers, while Questrade ranks slightly lower at 58th. These rankings highlight how both platforms have different strengths and weaknesses when it comes to pricing structures, making it essential for traders to carefully consider their individual trading needs and priorities.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Minimum Deposit | €1 | $250 |
| Average Spread EUR/USD - Standard | 2.7 | N/A |
| All-in Cost EUR/USD - Active | 2.7 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When examining the range of investment options available on Trading 212 and Questrade, both online brokers support forex trading through CFDs or spot contracts. Trading 212 stands out with a more extensive selection, offering 7,868 tradeable symbols, compared to Questrade's 641. Specifically, Trading 212 provides access to 146 forex pairs, which is slightly more generous than Questrade's 110 pairs. Both platforms permit investors to purchase exchange-traded securities on U.S. and international exchanges, allowing for the acquisition of well-known companies like Apple and Vodafone. However, neither Trading 212 nor Questrade support copy trading functionality.
For those interested in cryptocurrency, both brokers offer the convenience of trading crypto derivatives, albeit without the option to buy the actual digital currency. In terms of star ratings, Trading 212 and Questrade both receive a commendable five stars for their range of investment offerings. However, according to ForexBrokers.com, Questrade ranks slightly higher at #11 compared to Trading 212's #15 out of 63 brokers in the Range of Investments category. This positions both brokers as strong contenders for investors looking for diverse trading opportunities.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7868 | 641 |
| Forex Pairs (Total) | 146 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When it comes to trading platforms and tools, Trading 212 and Questrade exhibit their strengths in various ways, making them solid choices for traders. Both platforms shine by offering free virtual demo accounts, allowing users to practice their strategies without financial risk. Additionally, each broker has developed its own proprietary platform, ensuring a customized trading experience tailored to their clients' needs. While both Trading 212 and Questrade provide web-based trading platforms accessible via browsers, Questrade also offers the convenience of a Windows-based desktop download, which Trading 212 does not.
Despite not including popular third-party platforms like MetaTrader, both brokers have focused on their own solutions. Trading 212 and Questrade each offer 20 drawing tools for charting, enabling detailed technical analysis. However, Questrade stands out with a more extensive watch list, featuring 52 customizable fields compared to Trading 212's five. Though neither platform supports copy trading or MetaTrader extensions, their trading reliability is evident, with both receiving four-star ratings for their overall tools. Notably, Trading 212 ranks higher at #20 on ForexBrokers.com for trading platforms and tools compared to Questrade, which sits at #34.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 54 | 64 |
| Charting - Drawing Tools (Total) | 20 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trading 212 and Questrade provide versatile mobile trading apps for iPhone and Android users, offering essential features like stock and forex price alerts, watchlist syncing, and the option to draw trendlines on charts. With both apps, changes made to watchlists or charts on your mobile device are seamlessly reflected in your online account. Furthermore, they both allow you to view a variety of time frames like daily, weekly, or intraday on stock or forex charts, and also provide the convenience of auto-saving drawings on these charts. Real-time quote watchlists are a feature on both platforms, catering to traders looking to make timely investment decisions.
When it comes to technical analysis features, Trading 212 leads with 104 technical studies available in its app, compared to Questrade's 64. Despite similar offerings, this difference may appeal to users who want a more detailed analytical capability. Both apps have received positive feedback, achieving a four-star rating for mobile trading apps. However, according to ForexBrokers.com, Trading 212 is ranked higher in the mobile trading apps category, securing the 17th spot out of 63 brokers, compared to Questrade’s 34th rank. This higher ranking suggests that Trading 212's app may offer a slightly more favorable experience for users seeking a comprehensive mobile trading platform.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Trading 212 and Questrade, each online broker brings unique features to the table, despite both not offering daily market commentary. Trading 212 provides forex news from well-known sources like Bloomberg and Reuters, while Questrade doesn't. However, Questrade excels by offering advanced technical and fundamental analysis tools from firms such as Autochartist and Trading Central, whereas Trading 212 does not. Another point in Trading 212's favor is its sentiment-based trading tool, giving insights into long and short positions, which Questrade lacks.
Both platforms provide an economic calendar to keep you informed about significant global events. Questrade stands out with additional support from TipRanks for market research, which Trading 212 does not offer. Both brokers have received an equal rating of 3.5 stars for their research capabilities, but Trading 212 is ranked slightly higher at 44th compared to Questrade's 51st position among 63 brokers, according to ForexBrokers.com. Ultimately, the choice depends on whether you prioritize forex news or advanced analysis tools in your trading strategy.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Trading 212 and Questrade provide valuable content, but with some differences. Trading 212 stands out by offering a wide range of educational materials, including at least 10 pieces on forex or CFDs, and over 10 beginner videos specifically tailored for those new to trading. Additionally, Trading 212 offers a searchable archive of previously recorded client webinars. For more experienced traders, they provide advanced educational videos, and their investor dictionary covers over 50 investing terms.
Questrade also offers a solid selection of educational content, with a focus on forex or CFDs and beginner trading topics featuring over 10 videos. Like Trading 212, they provide a searchable archive of past webinars. However, Questrade lacks advanced educational videos and an extensive investor dictionary compared to Trading 212. Despite these differences, both brokers are equally rated at 3.5 stars for education, with Trading 212 securing a higher ranking at #20, compared to Questrade's #36, according to ForexBrokers.com.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trading 212 is better than Questrade. Trading 212 finished with an overall rank of #31, while Questrade finished with an overall rank of #32.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 80 | 86 |
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Both Trading 212 and Questrade do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Trading 212 offers more flexible deposit and withdrawal options, including ACH/SEPA transfers and PayPal, whereas Questrade lacks these options but both platforms provide Visa/Mastercard and bank wire services.
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 | Trading 212 | Questrade | |
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| Trust Score | 80 | 86 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Questrade Review |
| Broker Screenshots | Trading 212 | Questrade | |
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| Regulation | Trading 212 | Questrade | |
|---|---|---|---|
| Trust Score | 80 | 86 | |
| Year Founded | 2004 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | 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) | Trading 212 | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trading 212 | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7868 | 641 | |
| Forex Pairs (Total) | 146 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Trading 212 | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 2.7 | N/A | |
| All-in Cost EUR/USD - Active | 2.7 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Trading 212 | Questrade | |
|---|---|---|---|
| Minimum Deposit | €1 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Trading 212 | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Trading 212 | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 52 | |
| Charting - Indicators / Studies (Total) | 54 | 64 | |
| Charting - Drawing Tools (Total) | 20 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Trading 212 | Questrade | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trading 212 | Questrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Trading 212 Review | Questrade Review |
| Overall | Trading 212 | Questrade | |
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| Trust Score | 80 | 86 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Questrade Review |
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