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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

Comparing commissions and fees, XM Group is rated 4 out of 5 stars and ranked #34 of 63 by ForexBrokers.com, while Questrade is rated 3 out of 5 stars and ranked #59 of 63. These ratings suggest XM Group generally scores better on pricing than Questrade, but there are important details to weigh for each broker.

For XM Group, standard account spreads are described as expensive, which can raise your trading costs. Another drawback is that average spreads for the commission-based XM Zero account are not published, making it harder to estimate true costs and compare them with other brokers.

Questrade lists a target spread of 1.9 pips on EUR/USD, which is steep compared with the industry average. In practice, that can translate into higher costs per trade, especially for active forex traders. Overall, XM Group’s higher rating and ranking give it a slight edge on fees, but its pricey standard spreads and lack of published averages for XM Zero mean cost-conscious traders should review live pricing before choosing.

Feature XM Group logoXM Group
Questrade logoQuestrade
Minimum Deposit info $5 $250
Average spread (EUR/USD) - Standard account info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 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 versus Questrade for range of investments: XM Group lists 1,394 tradeable symbols, more than Questrade’s 641. Both support forex trading (CFDs or spot), but Questrade offers 110 currency pairs compared with 55 at XM. Each broker lets you buy exchange-traded securities on U.S. markets and on international exchanges. For crypto, both provide exposure through CFDs, but neither lets you buy actual coins.

XM Group includes copy trading, while Questrade does not. According to ForexBrokers.com, Questrade earns 5 stars and ranks #12 of 63 for Range of Investments, while XM Group scores 4.5 stars and ranks #25. In short: choose XM Group if you want more total symbols and copy trading; choose Questrade if you want access to more forex pairs alongside a wide multi-asset offering.

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 offer free demo (paper) accounts, Windows desktop software, and web-based trading, plus the ability to place orders right from a chart. The key split is platform choice: XM Group does not have its own platform and instead supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading. Questrade offers its own platform and tools, but it does not support MT4 or MT5 and does not offer copy trading.

Indicator counts and watchlist column details were not specified for either broker. In independent reviews by ForexBrokers.com, both earned 4 out of 5 stars for Trading Platforms and Tools, with XM Group ranked #33 of 63 brokers and Questrade ranked #35. Pick XM Group if you want MT4/MT5 and copy trading; 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

Comparing XM Group vs Questrade for mobile trading, both brokers offer iPhone and Android apps, price alerts for stocks and forex, and watchlists that sync between the mobile app and your online account. That means edits you make on your phone or computer stay aligned across devices.

For charting, XM Group includes 30 technical studies while Questrade offers 64. Both apps let you draw trendlines, but only Questrade auto-saves your drawings. In expert evaluations, each earned 4 out of 5 stars for Mobile Trading Apps. In the ForexBrokers.com rankings out of 63 brokers, XM Group placed #31, and Questrade ranked #35. If more indicators and saved drawings matter, Questrade stands out; if a slightly higher independent ranking is important, XM Group has the edge.

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 features, XM Group offers a wider range than Questrade. XM includes daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), a sentiment tool showing long/short positioning, Trading Central tools, and an economic calendar. Questrade does not provide daily market commentary or a sentiment tool, but it does offer Trading Central, Autochartist, TipRanks, and an economic calendar. Questrade’s access to top-tier forex news feeds isn’t specified.

These differences show up in the scores: XM Group is rated 5 stars for Research and ranks #8 out of 63 brokers at ForexBrokers.com, while Questrade holds 3.5 stars and ranks #52. Traders seeking extensive in-platform research may lean toward XM Group, whereas those who want Autochartist pattern recognition and TipRanks insights might prefer Questrade.

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

For beginners seeking trading education, XM Group stands out with ongoing client webinars (at least one each month) and a large set of beginner videos that cover key trading basics. XM also offers 10+ advanced videos for when you’re ready to go deeper, making it easier to grow from first steps to more complex strategies. Questrade provides at least 10 beginner-focused videos, which is helpful for newcomers, but it does not run monthly webinars and lacks the volume of advanced video content found at XM.

These differences show up in independent ratings: XM Group earns 5 stars for Education and ranks #7 out of 63 brokers at ForexBrokers.com, while Questrade receives 3.5 stars and ranks #36. If you want regular live sessions and a wider video library to learn at your own pace, XM Group is the stronger choice. If you only need a basic set of beginner videos, Questrade can still get you started.

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 #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?

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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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, 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 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 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
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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