Written by ForexBrokers.com
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.
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XM Group and Questrade are both prominent online brokers, each with unique regulatory standings. Founded in 2009, XM Group operates with a strong regulatory framework, boasting four Tier-1 licenses, which signify high trust, alongside one Tier-2 license. This comprehensive regulatory compliance contributes to its impressive Trust Score of 93, categorizing it as a highly trusted entity according to ForexBrokers.com. Despite not being publicly traded or a bank, XM Group’s commitment to regulation provides assurance to its clients.
On the other hand, Questrade, established in 2000, holds two Tier-1 licenses, showcasing its dedication to meeting regulatory standards. With a solid Trust Score of 86, it is considered a trusted broker, though slightly below the high trust threshold of XM Group. Similar to XM Group, Questrade is neither publicly traded nor a bank. While both brokers are well-regarded, XM Group slightly edges out with its higher regulatory trust metrics.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Year Founded | 2009 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing commissions and fees, both XM Group and Questrade tend to land on the pricier side for spreads. XM Group’s Standard account spreads are described as expensive, and the broker does not publish average spreads for its commission-based XM Zero account, making it hard to gauge total trading costs. Questrade lists a 1.9-pip target spread on EUR/USD, which is steep relative to the industry average.
XM Group earns 4 out of 5 stars for commissions and fees and is ranked #34 out of 63 brokers by ForexBrokers.com in this category. The lack of published average spreads for the XM Zero account adds uncertainty, while the Standard account’s higher spreads can increase costs for active traders.
Questrade receives 3 out of 5 stars for commissions and fees and is ranked #33 out of 63 brokers by ForexBrokers.com. Its quoted 1.9-pip target spread on EUR/USD suggests higher-than-average pricing, so cost-focused traders should compare live spreads and any applicable commissions before deciding.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Minimum Deposit | $5 | $250 |
| Average spread (EUR/USD) - Standard account | 2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and Questrade both let you trade forex as CFDs and spot, and both provide access to exchange-traded securities on U.S. and international markets. Neither broker lets you buy actual crypto, but each supports cryptocurrency CFDs. In terms of breadth, XM Group lists 1,394 tradeable symbols versus Questrade’s 641. That said, Questrade offers more forex pairs (110) than XM Group (55). XM Group also stands out for copy trading, which Questrade does not offer.
Looking at independent scores for range of investments, XM Group earns 4.5 out of 5 stars and ranks #19 of 63 brokers, while Questrade scores a full 5 stars and ranks #12. If you want the largest overall menu of instruments and copy trading, XM Group is appealing. If your focus is forex and you want the most currency pairs with a top-tier rating, Questrade is the better fit.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 641 |
| Forex Pairs (Total) | 55 | 110 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
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
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and Questrade both deliver full-featured mobile trading apps for iPhone and Android. Each supports price alerts, synced watchlists that mirror your online account, and the ability to draw trendlines on stock and forex charts. Both apps earned 4 out of 5 stars for mobile trading. If you want reliable alerts and watchlists that carry across devices, either broker will fit the bill.
Charting is where they differ. Questrade offers 64 technical indicators (studies) compared with 30 at XM Group, and Questrade auto-saves your chart drawings, while XM Group does not. Interestingly, ForexBrokers.com ranks XM Group slightly higher for Mobile Trading Apps (#26 of 63) than Questrade (#28 of 63). Pick Questrade if you value deeper charting tools and saved drawings; choose XM Group if those extras aren’t must-haves and a marginally better category ranking matters to you.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and Questrade both offer helpful market research, but they focus on different strengths. XM Group provides daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), Trading Central tools, a sentiment gauge showing long vs. short positioning, and an economic calendar. It does not include Autochartist, TipRanks, or Acuity Trading tools. Questrade includes Autochartist, Trading Central, TipRanks, and an economic calendar, but it lacks daily commentary and sentiment tools; access to premium third‑party forex news isn’t specified.
According to ForexBrokers.com, XM Group earns 5 stars for Research and ranks #8 out of 63 brokers, while Questrade holds 3.5 stars and ranks #34. In short, XM Group suits traders who want daily insights, breaking forex news, and sentiment data, whereas Questrade appeals to those who prefer Autochartist pattern recognition and TipRanks stock research alongside Trading Central.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing XM Group and Questrade for beginner-friendly trading education: both brokers provide at least 10 beginner videos that cover core topics in a clear, step-by-step way. XM Group also hosts client webinars at least once per month, giving newcomers live guidance and Q&A opportunities, while Questrade does not offer monthly webinars. As you progress, XM Group adds value with 10+ advanced videos; Questrade does not match that level for more experienced topics.
Independent ratings reflect this gap. XM Group earns 5 stars for Education and ranks 5th out of 63 brokers at ForexBrokers.com. Questrade scores 3.5 stars and ranks 28th. If you want a fuller learning path with live sessions and room to grow, XM Group is the stronger pick; if you only need basic video lessons to get started, Questrade can work.
| Feature |
XM Group
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 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
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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Comparing online brokers XM Group vs Questrade: neither supports buying actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
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.
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 | XM Group | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | XM Group Review | Questrade Review |
| Broker Screenshots | XM Group | Questrade | |
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| Regulation | XM Group | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2009 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | XM Group | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | XM Group | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 641 | |
| Forex Pairs (Total) | 55 | 110 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | XM Group | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | XM Group | Questrade | |
|---|---|---|---|
| Minimum Deposit | $5 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XM Group | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | XM Group | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | 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 | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | Questrade Review |
| Overall | XM Group | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | XM Group Review | Questrade Review |
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