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XM Group vs Questrade 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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): 1394
Questrade
4/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 85
  • Tradeable Symbols (Total): 641

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

XM Group and Questrade are both online brokers that are not publicly traded and are not banks. XM Group was founded in 2009, while Questrade started in 2000. According to ForexBrokers.com, XM Group holds a Trust Score of 93 (highly trusted), and Questrade scores 85 (trusted). For context, ForexBrokers.com rates 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.

In terms of regulation, XM Group holds 4 Tier-1 licenses and 1 Tier-2 license, while Questrade holds 2 Tier-1 licenses and no Tier-2 licenses. Tier-1 licenses are considered highly trusted and Tier-2 licenses are trusted by ForexBrokers.com. This means XM Group has broader top-tier oversight, whereas Questrade maintains strong top-tier coverage but with fewer total licenses.

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 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing commissions and fees, both XM Group and Questrade land in the mid-pack. Each earns 3.5 out of 5 stars for pricing. Questrade is ranked #33 out of 63 brokers for the Commissions and Fees category, edging out XM Group at #34 out of 63.

XM Group’s Standard account spreads are expensive, which can raise your day-to-day trading costs. Its commission-based XM Zero account does not publish average spreads, making it harder to estimate your all-in costs across different market conditions.

Questrade’s target spread of 1.9 pips on EUR/USD is steep compared to the industry average, which can add up if you trade often. Even so, its commissions and fees rating is 3.5 stars, and it ranks slightly higher than XM Group at #33 out of 63.

Feature XM Group logoXM Group
Questrade logoQuestrade
Minimum Deposit info $5 $250
Average spread (EUR/USD) - Standard account info 2 info N/A
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

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 logoXM Group
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 641
Forex Pairs (Total) info 55 110
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

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

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 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

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 logoXM Group
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes
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 Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoXM Group
Questrade logoQuestrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
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 4/5 Stars
Education 5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or Questrade?

Comparing online brokers XM Group vs Questrade: neither supports buying actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.

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.

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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 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 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 2
Tier-2 Licenses info 1 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 No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA 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 1394 641
Forex Pairs (Total) info 55 110
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 info 2 info N/A
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 $250
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
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education XM Group Questrade
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
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 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score info 93 85
Winner check_circle
Review XM Group Review Questrade Review
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