menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

XM Group vs Questrade 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of XM Group vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1429
Questrade
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 675

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.

Regulation

Comparing online brokers XM Group and Questrade: XM Group launched in 2009, while Questrade began in 2000. Neither company is publicly traded or operates as a bank, which makes their regulatory strength and transparency especially important for investors researching where to open an account.

XM Group holds 4 Tier-1 licenses and 3 Tier-2 licenses, versus Questrade’s 1 Tier-1 license and 0 Tier-2 licenses. According to ForexBrokers.com, XM Group’s Trust Score is 93 out of 99, which is considered highly trusted (90–99), while Questrade’s Trust Score is 85, considered trusted (80–89). These ratings reflect how regulators oversee each broker and can help you gauge overall safety and oversight when choosing between them.

Feature XM Group logoXM Group
Questrade logoQuestrade
Year Founded info 2009 2000
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 1
Tier-2 Licenses info 3 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

Comparing commissions and fees, both XM Group and Questrade earn 3.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, XM Group ranks 34th out of 63 brokers, while Questrade ranks 33rd out of 63.

XM Group: The Standard account’s spreads are on the expensive side, which can raise your all-in trading costs. For the commission-based XM Zero account, average spreads are not published, making it harder to estimate what you’ll actually pay per trade.

Questrade: Questrade Global is a spread-only broker—your trading costs are built into the bid-ask spread rather than charged as a separate commission. While Questrade says forex spreads can be as low as 0.8 pips under normal market conditions, average spreads for major pairs were observed closer to about 2.1–2.5 pips; a typical 2-pip spread on a standard-lot trade (100,000 units) works out to roughly $20 from the spread alone. For CFDs, Questrade adds a $9.95 USD trading fee when you open and again when you close a position, on top of a small spread. For example, buying one Tesla CFD showed a tiny $0.05 spread but about $19.95 in round-trip trading fees—roughly 5.8%—plus overnight financing (about 0.65% for one month), meaning you’d need a return of over 6% just to break even.

Feature XM Group logoXM Group
Questrade logoQuestrade
Minimum Deposit info $5 $0
Average spread (EUR/USD) - Standard account info 2 info 0.8 or higher
All-in Cost EUR/USD - Active info N/A info N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments, both XM Group and Questrade support forex trading via CFD or spot contracts. XM Group lists 1,429 tradable symbols versus Questrade’s 675, giving XM the edge in overall instrument count. However, Questrade offers more forex pairs (110 vs. XM’s 55), which can appeal to currency-focused traders who want wider pair selection.

XM Group also lets clients buy exchange-traded U.S. and international shares (not CFDs), supports copy trading, and offers cryptocurrency CFDs; Questrade does not provide these features and does not offer actual crypto purchases (same as XM). For Range of Investments, ForexBrokers.com rates XM Group 4.5/5 stars (ranked 19 of 63) and Questrade 5/5 stars (ranked 12 of 63). In short, Questrade suits traders seeking more forex pairs, while XM Group stands out for a broader overall lineup, access to U.S. and global stocks, copy trading, and crypto CFDs.

Feature XM Group logoXM Group
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 675
Forex Pairs (Total) info 55 110
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

XM Group and Questrade both make it easy to get started with paper trading through free demo accounts, and each offers a web-based platform and a Windows desktop platform with the ability to place trades directly from charts. The key difference is platform choice: XM Group does not have a proprietary platform and instead supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade provides its own in-house platform and does not support MT4 or MT5.

Feature-wise, XM Group includes copy trading, which Questrade does not. For Trading Platforms and Tools, both earn 4 stars from ForexBrokers.com, with XM Group ranked #27 and Questrade close behind at #28 out of 63 brokers. In short, pick XM Group if you want MetaTrader and copy trading, or choose Questrade if you prefer a broker-built platform experience.

Feature XM Group logoXM Group
Questrade logoQuestrade
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both XM Group and Questrade offer mobile trading apps for iPhone and Android, letting you follow stocks or forex wherever you are. Each app supports price alerts and syncs watchlists between your mobile device and online account, so changes update in both places. For charting, both apps let you draw trendlines directly on the chart.

If you want more built-in technical studies, Questrade provides 64 indicators compared with XM Group’s 30. Questrade also auto-saves your chart drawings, while XM Group does not. Even so, XM Group earns a higher overall mobile app rating (4 stars vs. 3.5 stars) and places better in ForexBrokers.com’s Mobile Trading Apps ranking (26th vs. 28th out of 63), making XM Group the slightly higher-rated pick for mobile trading.

Feature XM Group logoXM Group
Questrade logoQuestrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at XM Group vs Questrade: XM Group delivers daily market commentary, top‑tier forex news (e.g., Bloomberg, Reuters, Dow Jones), Trading Central tools, a sentiment gauge showing long/short positioning, and a built‑in economic calendar. Questrade also offers Trading Central, and adds Autochartist pattern‑recognition and TipRanks stock insights—features XM doesn’t include—but it lacks daily commentary, premium forex news feeds, a sentiment tool, and an economic calendar. Neither broker offers research from Acuity Trading.

For overall research quality, XM Group is rated 5 stars and ranks #8 out of 63 brokers at ForexBrokers.com, while Questrade holds 3.5 stars and ranks #34. Choose XM if you want news, daily insights, sentiment data, and an event calendar in one place. Pick Questrade if you value Autochartist trade ideas and TipRanks equity research alongside Trading Central.

Feature XM Group logoXM Group
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No Yes
Acuity Trading info No No
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing XM Group and Questrade, XM Group delivers a stronger learning path. It runs live client webinars at least once a month and provides a deep video library that includes 10+ beginner videos and 10+ advanced videos. That mix makes it easier to start with the basics and build toward more advanced skills at your own pace. Reflecting this, ForexBrokers.com rates XM Group 5 out of 5 stars for Education and ranks it #5 out of 63 brokers.

Questrade’s education for new traders is more limited. It does not offer monthly client webinars and doesn’t meet the 10‑video mark for either beginner or advanced topics, so newcomers may need outside resources to round out their learning. ForexBrokers.com gives Questrade 3.5 out of 5 stars for Education and ranks it #28 out of 63. For beginners seeking plentiful videos and regular live sessions, XM Group is the clearer choice.

Feature XM Group logoXM Group
Questrade logoQuestrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than Questrade. XM Group finished with an overall rank of #16, while Questrade finished with an overall rank of #29.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
Questrade logoQuestrade
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 85
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Fees 3.5/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or Questrade?

XM Group vs Questrade: neither broker lets you buy actual (delivered) cryptocurrency, but XM Group offers cryptocurrency CFDs while Questrade does not.

What funding options does each broker offer?

Comparing online brokers XM Group and Questrade for deposit and withdrawal funding methods: neither supports ACH or SEPA transfers or PayPal; XM Group supports Skrill while Questrade does not; both offer bank wire transfers; Visa/Mastercard availability is not specified for either.

More Comparisons

XM Group vs ActivTrades XM Group vs FxPro XM Group vs AvaTrade XM Group vs Spreadex XM Group vs Charles Schwab XM Group vs FP Markets Questrade vs Saxo Questrade vs Plus500 Questrade vs Pepperstone Questrade vs Tickmill Questrade vs IFC Markets Questrade vs Swissquote

Show all



announcementPlease 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

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
× XM Group
× Questrade
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating XM Group Questrade
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 93 85
Winner check_circle
Review XM Group Review Questrade Review
Broker Screenshots XM Group Questrade
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
Questrade Global web platform dashboard. Questrade Global web platform Autochartist signals. Questrade educational content featured lessons.
Regulation XM Group Questrade
Trust Score info 93 85
Year Founded info 2009 2000
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No
Tier-1 Licenses info 4 1
Tier-2 Licenses info 3 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) XM Group Questrade
Australia (ASIC Authorised) info Yes
Canada (CIRO Authorised) info No Yes
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No
Tier-2 Licenses (Trusted) XM Group Questrade
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or CMA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments XM Group Questrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 675
Forex Pairs (Total) info 55 110
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 XM Group Questrade
Average spread (EUR/USD) - Standard account info 2 info 0.8 or higher
All-in Cost EUR/USD - Active info N/A info N/A
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes No
Funding XM Group Questrade
Minimum Deposit info $5 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms XM Group Questrade
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools XM Group Questrade
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group Questrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info Yes Yes
Research XM Group Questrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info Yes No
Economic Calendar info Yes No
Education XM Group Questrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs XM Group Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review XM Group Review Questrade Review
Overall XM Group Questrade
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Trust Score info 93 85
Winner check_circle
Review XM Group Review Questrade Review
arrow_upward

close
navigate_before navigate_next