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.
Founded in 2009, Vantage is an online broker that garners a high trust score of 90 out of 99 on ForexBrokers.com. It holds two Tier-1 licenses and one Tier-2 license, placing it firmly in the "highly trusted" category for investors seeking a reliable platform. Though not publicly traded or a bank, Vantage's regulatory standing is supported by its favorable Trust Score and its securing of essential licenses, giving it a solid reputation in the financial industry.
Questrade, established in 2000, also offers a reputable option for online trading with a Trust Score of 86, classified as "trusted." While it is not publicly traded or a bank, like Vantage, Questrade holds two Tier-1 licenses. However, it does not have any Tier-2 licenses, which positions it slightly differently in terms of regulatory credentials. Overall, both brokers provide a safe and regulated environment for trading, yet they differ slightly in their trust score and licensing details.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Year Founded | 2009 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Vantage and Questrade are both prominent online brokers, each offering unique investment opportunities for traders. Vantage provides access to 1,000 tradeable symbols, including 61 forex pairs and the ability to engage in forex trading as either a CFD or a spot contract. While Vantage does not offer direct access to exchange-traded securities like U.S. stocks or international shares, it does provide features like copy trading and cryptocurrency derivatives. Rated 3.5 out of 5 stars by ForexBrokers.com for its range of investments, Vantage might appeal to those interested in CFD trading and innovative trading options.
On the other hand, Questrade stands out with a full 5-star rating for its range of investments, ranking 11th out of 63 brokers. Although it offers fewer tradeable symbols overall, at 641, Questrade surpasses Vantage with 110 tradeable forex pairs and the ability to trade forex as CFDs or spot contracts. Importantly, Questrade offers direct access to U.S. and international exchange-traded securities, making it a more versatile choice for those looking to trade in major markets. Additionally, it supports cryptocurrency derivatives, though it does not provide a copy trading feature. Ideal for investors seeking a broad access to stock markets alongside forex and crypto opportunities, Questrade proves to be a comprehensive choice.
| 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) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 of Vantage and Questrade, both brokers offer a wide array of features that appeal to traders of various skill levels. Vantage and Questrade both provide free virtual demo accounts for users who wish to practice without financial risk. They each offer proprietary platforms and support a Windows-based desktop download as well as a web-based trading platform. While both brokers give traders the ability to trade directly from stock charts, Vantage stands out by offering copy trading and support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas Questrade does not provide these options.
Regarding charting tools, Questrade takes the lead with 20 drawing tools compared to Vantage's 15, though neither broker specified a number for technical indicators. When it comes to watch lists, Questrade offers significantly more customization with 52 columns available, while Vantage provides 7 columns. Both platforms are rated four stars for their trading platforms and tools, but Vantage ranks higher at #21 compared to Questrade's #34 according to ForexBrokers.com. Both brokers also support DupliTrade, although neither offers ZuluTrade integration.
| 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 | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | Yes |
| ZuluTrade | ||
| 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 cater to iPhone and Android users, providing essential features like stock and forex price alerts. They also allow users to draw trendlines and view multiple time frames on charts, ensuring a comprehensive trading experience on the go. Both platforms support watchlists with real-time quotes; however, Questrade takes the lead with watchlist symbol syncing, ensuring seamless integration with online accounts. In terms of charting capabilities, Vantage offers 30 technical studies, whereas Questrade provides a wider array with 64 options.
Both Vantage and Questrade each receive a solid four-star rating for their mobile apps, indicating user satisfaction. However, when delving into rankings, Vantage is placed higher at #28 compared to Questrade’s #34 out of 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com. Whether you prioritize the number of technical studies or app integration with web platforms, both brokers offer dependable mobile trading experiences for investors at all levels.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | 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 in terms of market research offerings, Vantage provides daily market commentary and top-tier forex news, ensuring traders have up-to-date information at their fingertips. They also offer tools from both Autochartist and Trading Central, enhancing both technical and fundamental analysis capabilities. A unique feature from Vantage is their sentiment-based trading tool, which offers insights into the ratio of long or short positions across various instruments. Furthermore, Vantage supplies an economic calendar to keep users informed of global news events, all contributing to their impressive 4-star rating for research from ForexBrokers.com, ranking 21 out of 63 brokers.
Questrade, on the other hand, lacks daily market commentary and high-end forex news insights, missing some of the immediate updates that traders might find useful. However, Questrade does offer valuable tools from Autochartist and Trading Central, similar to Vantage. They stand out with the inclusion of market research from TipRanks, providing a different dimension of analysis. Additionally, like Vantage, they provide access to an economic calendar. Despite these offerings, Questrade carries a slightly lower research rating of 3.5 stars and ranks 51 out of 63 in the ForexBrokers.com research category.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Vantage and Questrade for beginner educational resources, both platforms offer over ten educational pieces focused on forex and CFDs, including articles and videos that are perfect for those just starting their trading journey. However, Vantage sets itself apart by hosting monthly online educational webinars to further enhance the learning experience. Additionally, Vantage provides a thriving library of past webinars that is readily accessible, allowing users to learn at their own pace. This feature is shared by Questrade, ensuring that prior sessions are available for review.
Vantage also excels in delivering a wide array of educational videos tailored specifically for beginners, along with a selection of advanced video content catering to more experienced traders. As an added resource, Vantage offers an investor dictionary that defines more than fifty essential investing terms, a tool that Questrade does not currently provide. In terms of user-rated educational offerings, Vantage scores a commendable four out of five stars, eclipsing Questrade's 3.5 stars. This advantage is further reflected in rankings, with Vantage positioned at #24 and Questrade at #36 in the Education category out of 63 brokers reviewed by ForexBrokers.com.
| Feature |
Vantage
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes |
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
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 86 |
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Vantage and Questrade both do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
When comparing online brokers Vantage and Questrade, it's important to note that Vantage offers PayPal and Skrill as options for depositing or withdrawing funds, along with Visa, Mastercard, and bank wire transfers, while Questrade provides options for Visa, Mastercard, and bank wire transfers only, as neither platform supports 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.
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0 of 5| Overall Rating | Vantage | Questrade | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
| Broker Screenshots | Vantage | Questrade | |
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| Regulation | Vantage | Questrade | |
|---|---|---|---|
| Trust Score | 90 | 86 | |
| Year Founded | 2009 | 2000 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| 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 | ||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | Vantage | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | Vantage | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Vantage | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | Yes | |
| ZuluTrade |
| 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 | 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 | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Vantage | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes |
| 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 | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | Vantage Review | Questrade Review |
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