Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Comparing online brokers, Vantage was founded in 2009 and Questrade in 2000. Both firms remain privately held and not listed on any stock exchange. Neither operates as a bank. In terms of reliability and regulation, Vantage and Questrade both hold two highly trusted Tier-1 licenses. However, Vantage also possesses one Tier-2 license, contributing to its strong regulatory standing.
When assessed by ForexBrokers.com, Vantage earns a Trust Score of 90, indicating a highly trusted status. Meanwhile, Questrade receives a Trust Score of 86, placing it in the trusted category. These scores reflect their commitment to maintaining regulatory compliance and providing secure trading experiences for their clients.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Year Founded | 2009 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When it comes to commissions and fees, Vantage offers a range of account options catering to different trading needs, while Questrade provides a more straightforward, yet pricier approach. At Vantage, you can choose from the spread-only Standard STP account, the commission-based RAW ECN account, and the PRO ECN account. The Standard account typically lists spreads of 1.30 pips on the EUR/USD pair, while the RAW account offers more competitive spreads of 0.15 pips, with a $3 commission per side. Vantage's PRO account is the most cost-effective, with a commission of $2 per side, though it does have specific funding and client categorization requirements. These options make Vantage's pricing competitive within the industry average, but not among the leaders like Saxo, IG, and CMC Markets.
Conversely, Questrade targets spreads of 1.9 pips on the EUR/USD, which is considerably higher than the industry average. This straightforward pricing structure could be less appealing to cost-conscious traders when compared to Vantage's varied account offerings. However, Questrade's simplicity might be attractive to newer traders who prefer less complexity.
In terms of ratings, Vantage receives a commendable 4.5-star rating for commissions and fees, placing it 19th among 63 brokers on ForexBrokers.com. Questrade, however, is rated 3 stars and ranks significantly lower at 58th in the same category. Ultimately, if pricing and fees are a priority, Vantage may present more attractive options, especially for active traders seeking rebates for higher volume trades.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Vantage and Questrade, it's clear they cater to different investor needs. Vantage provides a total of 1,000 tradable symbols and offers 61 forex pairs available for trade. Both platforms support forex trading through CFDs or spot contracts. However, Vantage does not offer exchange-traded securities on U.S. or international exchanges, which means investors cannot buy shares such as Apple or Vodafone directly through them. This choice of available investments is reflected in Vantage's rating of 3.5 out of 5 stars for its range of investments.
Questrade, on the other hand, allows its customers to trade 641 symbols and has a more extensive range of 110 tradable forex pairs. Unlike Vantage, Questrade offers the ability to purchase exchange-traded securities on both U.S. and international exchanges, allowing traders to diversify their portfolios with well-known stocks like Apple. While neither platform offers the option to buy physical cryptocurrencies, both provide access to cryptocurrency derivatives. Questrade's broader array of investment options earns it a higher rating of 5 stars in investment range, and it ranks 11th among 63 brokers, compared to Vantage's 50th position.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 641 |
| Forex Pairs (Total) | 61 | 110 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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 comparing the trading platforms and tools offered by Vantage and Questrade, both brokers provide strong options for traders, but with some key differences. Vantage takes the lead with features like both MetaTrader 4 and MetaTrader 5, enhancing the experience for forex traders specifically. They also stand out with copy trading capabilities and access to DupliTrade, which Questrade offers as well but without the added benefit of copy trading. However, Questrade compensates by offering a proprietary platform and a more substantial number of columns for watch lists, providing more flexibility in tracking market trends.
Both Vantage and Questrade support web-based and Windows-based desktop platforms, including the offering of simulated paper trading accounts. This ensures that users have ample opportunity to practice trading strategies before committing real funds. Additionally, both platforms enable trading directly from stock charts, making on-the-fly decisions easier. Regarding charting tools, Vantage provides 15 drawing tools, while Questrade offers slightly more with 20. Despite these differences, both brokers receive a four-star rating for their trading platforms and tools. Vantage ranks higher at #21 compared to Questrade's #34 by ForexBrokers.com, highlighting slight advantages in Vantage's offerings overall.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Vantage and Questrade, both brokers provide comprehensive services for users with iPhone and Android devices. Users can receive stock and forex price alerts on both platforms, ensuring timely updates on market movements. While both apps support the creation of watchlists with real-time quotes, only Questrade offers automatic syncing of watchlist symbols between the mobile app and the desktop version. Vantage offers 30 technical studies for charting, whereas Questrade provides a more extensive selection with 64 technical studies. Both platforms allow trendline drawing and viewing of various time frames, alongside the auto-saving of chart drawings.
In terms of user ratings, both Vantage and Questrade receive four out of five stars for their mobile trading apps. However, according to ForexBrokers.com, Vantage ranks higher at #28 compared to Questrade's #34 among 63 evaluated brokers. This competitive edge might be attributed to specific features or user experiences that appeal differently to traders. Ultimately, both platforms offer reliable mobile tools for trading, but potential users may want to explore these specific differences to determine which app better meets their trading needs.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 Vantage and Questrade for market research offerings, several differences stand out. Vantage provides daily market commentary and access to forex news from renowned sources like Bloomberg and Reuters, while Questrade does not include these features. Both platforms offer technical and fundamental analysis tools from companies such as Autochartist and Trading Central, delivering valuable insights to traders. However, Vantage takes it a step further by offering sentiment-based trading tools that showcase long and short positions across various instruments—something not available with Questrade.
Looking at additional research tools, Questrade has a unique edge with market insights from TipRanks, which Vantage does not provide. Both platforms offer economic calendars that detail global news events, enriching the trading experience. In terms of overall research ratings, Vantage scores slightly higher with 4 stars compared to Questrade's 3.5 stars. On the ForexBrokers.com research ranking, Vantage holds the 21st spot out of 63 brokers, while Questrade is positioned at 51st, reflecting Vantage’s stronger research capabilities.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | 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 comparing Vantage and Questrade for educational resources aimed at beginners, both online brokers offer a wealth of educational content. Vantage excels with over 10 pieces specifically focused on forex and CFD education, and they provide online educational webinars monthly. These webinars are also archived for easy access later. Positioned as a strong educational resource, Vantage includes over 10 beginner-friendly trading videos, as well as additional content for advanced traders. They even offer an investor dictionary containing more than 50 investing terms, enhancing their educational offerings. In terms of rating, Vantage is awarded 4 out of 5 stars, ranking number 24 in education according to ForexBrokers.com.
Questrade also offers over 10 educational pieces on forex and CFDs and provides a searchable archive of webinars, though they do not host monthly online educational webinars. Their resources for beginners include substantial video content; however, they lack the advanced video content that Vantage offers. Questrade does not feature an investor dictionary with definitions of at least 50 investing terms. Despite these gaps, Questrade has a decent educational rating of 3.5 out of 5 stars but ranks lower at number 36 in the education category based on assessments from ForexBrokers.com. For beginners keen on ongoing, structured learning, Vantage holds the edge with its broader selection and regular educational updates.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | 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 Vantage is better than Questrade. Vantage finished with an overall rank of #26, while Questrade finished with an overall rank of #32.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 90 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Vantage and Questrade do not provide the option to purchase actual, delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
Vantage and Questrade both support Visa, Mastercard, and bank wire transfers for account funding, but Vantage uniquely offers PayPal and Skrill options, unlike Questrade, which does not provide these digital payment methods, nor do either support ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Vantage | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
| Broker Screenshots | Vantage | Questrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Vantage | Questrade | |
|---|---|---|---|
| Trust Score | 90 | 86 | |
| Year Founded | 2009 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | Vantage | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | No |
| Tier-2 Licenses (Trusted) | Vantage | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Vantage | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 641 | |
| Forex Pairs (Total) | 61 | 110 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | Vantage | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Vantage | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Vantage | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Vantage | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Vantage | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | 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 | Vantage | 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 | Vantage Review | Questrade Review |
| Overall | Vantage | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill