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XM Group vs Questrade 2025

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: 86
  • 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 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 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 XM Group and Questrade in terms of commissions and fees, XM Group tends to present some challenges. For standard accounts, XM Group's spreads are considered high, and a clear picture of average spreads for their commission-based XM Zero account isn't readily available. Despite these drawbacks, XM Group receives a strong rating of 4 out of 5 stars for commissions and fees and holds the #33 position among 63 brokers according to ForexBrokers.com.

Questrade, on the other hand, offers a fee structure that includes target spreads on currency pairs like EUR/USD at 1.9 pips, which is above the typical industry average. Consequently, Questrade earns a lower rating of 3 out of 5 stars for commissions and fees. In terms of ranking, Questrade is positioned at #58 out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.

Overall, XM Group is perceived more favorably than Questrade in this comparison, largely due to its higher star rating and better ranking. Traders looking to balance fees with other features may consider XM Group as a potentially more cost-effective option between the two brokers.

Feature XM Group logoXM Group
Questrade logoQuestrade
Minimum Deposit info $5 $250
Average Spread EUR/USD - Standard info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

XM Group and Questrade each offer a diverse set of investment options, catering to different trading needs. XM Group provides a wide array of 1,394 tradable symbols, which includes 55 forex pairs, exchange-traded securities from U.S. and international exchanges, and cryptocurrency derivatives. Notably, XM Group incorporates features like copy trading to enhance the trading experience, although it does not support purchasing actual cryptocurrencies.

On the other hand, Questrade offers 641 tradable symbols and focuses on providing access to 110 forex pairs alongside exchange-traded securities in both U.S. and international markets. Questrade also facilitates trading in cryptocurrency derivatives but lacks a copy trading feature. Despite offering fewer overall symbols compared to XM Group, Questrade is ranked higher by ForexBrokers.com and earns a 5-star rating for its range of investments, suggesting a well-balanced selection that successfully meets investor needs.

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. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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

When comparing the trading platforms and tools of XM Group and Questrade, each broker offers distinctive features that cater to different trading needs. Both XM Group and Questrade provide simulated trading or virtual demo accounts, making it easy for beginners to practice before diving into live trading. While XM Group doesn’t have a proprietary platform, it offers popular third-party platforms such as MetaTrader 4 and MetaTrader 5, which are known for their comprehensive features. Questrade, on the other hand, provides its own proprietary platform, enhancing user experience with custom features, although it doesn’t support MetaTrader. Both brokers offer Windows-based and web-based platforms for trading convenience.

When it comes to specific tools, XM Group allows copy trading, which is advantageous for those looking to mimic successful traders' strategies. Meanwhile, Questrade does not offer this feature but does include DupliTrade. Both brokers support trading directly from stock charts, but Questrade edges slightly ahead with 20 drawing tools compared to XM Group's 15, and a more extensive watch list customization with 52 columns versus XM Group's 7. Despite these differences, both companies have received a four-star rating for their trading platforms and tools, with XM Group ranked slightly higher at #32 compared to Questrade's #34 by ForexBrokers.com among 63 brokers.

Feature XM Group logoXM Group
Questrade logoQuestrade
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No Yes
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 64
Charting - Drawing Tools (Total) info 15 20
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 52
Continue Reading

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

Forex trading apps

Both XM Group and Questrade offer comprehensive mobile trading apps for iPhone and Android users, featuring essential tools like stock and forex price alerts, as well as the ability to sync watchlists with online accounts. This makes it easy for traders to keep their portfolios up-to-date on the go. While XM Group provides 30 technical studies for charting, Questrade goes a step further with 64, offering users more in-depth analytical capabilities. Both apps allow traders to draw trendlines and view multiple time frames, which can be helpful for more detailed analysis. However, Questrade's app stands out with its ability to auto-save chart drawings, a feature XM Group's app lacks.

When it comes to creating watchlists with real-time quotes, both platforms deliver effectively. In terms of overall user experience, both apps hold a rating of 4 out of 5 stars for mobile trading. Despite their similar ratings, XM Group edges slightly higher in industry rankings, coming in at #30 out of 63 brokers as per ForexBrokers.com, while Questrade is ranked at #34. For users prioritizing charting tools, Questrade may offer a slight advantage. Meanwhile, those interested in watchlist syncing and real-time analytics will find both apps equally capable.

Feature XM Group logoXM Group
Questrade logoQuestrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research offerings, XM Group and Questrade present distinctive benefits. XM Group excels in providing daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and offers a sentiment-based trading tool to display long and short positions across various instruments. Additionally, XM Group includes support from Trading Central for technical analysis and an economic calendar featuring important global events. With these features, XM Group has garnered a 5-star rating for research and is ranked #8 by ForexBrokers.com.

On the other hand, Questrade caters to investors looking for integration with tools like Autochartist and Trading Central, offering comprehensive technical analysis resources. Questrade also provides market insights through TipRanks and maintains an economic calendar for global developments. Despite these resources, Questrade does not offer daily market commentary or a sentiment-based trading tool and lacks direct forex news from top sources. Consequently, it earns a 3.5-star rating and a #51 ranking for research by ForexBrokers.com.

Feature XM Group logoXM Group
Questrade logoQuestrade
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes No
TipRanks info No Yes
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing educational resources for beginners from online brokers, XM Group and Questrade, each has something to offer. Both provide over ten educational pieces focused on forex and CFDs, including articles and videos. However, XM Group goes a step further by hosting monthly online educational webinars, whereas Questrade does not. While both have a searchable archive of recorded client webinars, beginners might find XM Group's monthly live sessions more engaging.

In terms of video content, both brokers offer a selection aimed at beginner traders, with at least ten beginner-focused videos available. XM Group also caters to more experienced traders by offering advanced educational videos, which Questrade lacks. Neither broker provides an investor dictionary. Overall, XM Group shines brighter with a 5-star rating in education compared to Questrade's 3.5 stars. According to ForexBrokers.com, XM Group ranks #7 in education among 63 brokers, significantly higher than Questrade, which ranks #36.

Feature XM Group logoXM Group
Questrade logoQuestrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No 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 #17, while Questrade finished with an overall rank of #32.

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 86
Range of Investments 4.5/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or Questrade?

Both XM Group and Questrade do not provide the option to purchase actual delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

While both XM Group and Questrade do not offer ACH, SEPA, or PayPal for depositing or withdrawing funds, XM Group supports Skrill and both brokers provide options for Visa, Mastercard, and bank wire transactions.

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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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Overall Rating XM Group Questrade
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 86
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 86
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 (SFC 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/Central Bank 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. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
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
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms XM Group Questrade
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No Yes
ZuluTrade info No No
Trading Tools XM Group Questrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 52
Charting - Indicators / Studies (Total) info 30 64
Charting - Drawing Tools (Total) info 15 20
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group Questrade
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
TipRanks info No Yes
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group Questrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No
Major Forex Pairs XM Group Questrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review Questrade Review
Overall XM Group Questrade
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 86
Winner check_circle
Review XM Group Review Questrade Review
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