Written by ForexBrokers.com
In this head to head comparison of Questrade vs Xtrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Questrade, established in 2000, and Xtrade, founded in 2003, are both notable options for online trading, although there are distinct differences in their regulatory standings. Neither company is listed on a stock exchange or operates as a bank. Questrade holds two Tier-1 licenses, which offer a high level of trust and security according to ForexBrokers.com, earning them a Trust Score of 86 out of 99. In comparison, Xtrade has one Tier-1 license and one Tier-2 license, which contributes to a moderate Trust Score of 74.
Both firms provide viable trading opportunities, yet Questrade stands out with its stronger regulatory backing, reflected in its higher Trust Score and additional Tier-1 license. Xtrade, while still presenting a reasonable option, is rated as an average risk due to its standalone Tier-1 and Tier-2 license combination. These factors make Questrade potentially more appealing for those prioritizing regulatory trust and a sense of security in their online trading experience.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Year Founded | 2000 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Questrade earns 3 stars and is ranked #59 out of 63 by ForexBrokers.com, while Xtrade earns 2.5 stars and is ranked #64 out of 63. Questrade publishes target spreads, whereas Xtrade does not provide average spread data, which makes its pricing harder to evaluate.
Questrade’s target spread on EUR/USD is 1.9 pips, which is steep versus the industry average. That can translate into higher trading costs, especially for frequent traders. Its 3-star rating and #59/63 ranking reflect this comparatively higher pricing.
Xtrade’s commissions and fees picture is less clear because average spread data is not available. Its 2.5-star rating and #64/63 ranking suggest less competitive—and less transparent—pricing. If considering Xtrade, be sure to check live spreads and confirm any additional costs before trading.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $250 | $250 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade vs Xtrade: when it comes to the range of investments, Questrade offers more ways to trade. Both brokers support forex trading (CFD or spot), but Questrade lists 641 tradeable symbols compared with Xtrade’s 482. Currency traders also get more choice at Questrade, with 110 forex pairs versus 56 at Xtrade.
Questrade stands out for stock access too: it lets clients buy actual U.S. and international exchange‑traded shares (for example, Apple on NASDAQ or Vodafone in London), while Xtrade does not offer real share dealing. Neither broker offers copy trading or the ability to buy actual cryptocurrency, though both provide cryptocurrency CFDs. Reflecting this broader menu, Questrade earns 5 stars and ranks #12 out of 63 for Range of Investments, while Xtrade is rated 3.5 stars and ranks #50.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 482 |
| Forex Pairs (Total) | 110 | 56 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | 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.
Questrade vs Xtrade for trading platforms and tools: both brokers provide a free paper trading demo and offer proprietary platforms you can use in a web browser. Questrade also has a Windows desktop download, while Xtrade does not. Neither broker supports MetaTrader 4 or MetaTrader 5, and neither offers copy trading. Both let you place trades directly from charts. Indicator counts and watch list column options are not specified in the information provided.
For overall platform quality, ForexBrokers.com rates Questrade 4 stars (ranked 35th of 63) and Xtrade 3.5 stars (ranked 59th of 63). If you want a Windows desktop app, Questrade has the edge; if you prefer trading in a browser and want an easy demo to practice, both Questrade and Xtrade will work.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Xtrade both offer mobile trading apps for iPhone and Android. When it comes to features, Questrade stands out: it supports stock and forex price alerts and syncs watchlists between the app and your online account, while Xtrade does not offer alerts or watchlist syncing. For charting, Questrade provides 64 technical studies, lets you draw trendlines, and auto-saves your drawings. Xtrade does not list a study count and does not support drawing trendlines or auto-saving chart annotations.
Both apps earn 4 out of 5 stars for mobile trading. However, in ForexBrokers.com’s Mobile Trading Apps category, Questrade ranks #35 out of 63 brokers, while Xtrade ranks #54. If you value alerts, synced watchlists, and stronger chart tools on mobile, Questrade is the better fit. If you only need basic trading access on iPhone or Android, either app will get the job done.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Questrade and Xtrade both earn 3.5 out of 5 stars for market research, with Questrade ranked #52 and Xtrade #53 out of 63 brokers by ForexBrokers.com. Both provide an economic calendar. Xtrade stands out for daily market commentary and streams forex news from top-tier sources like Bloomberg or Reuters, while Questrade does not offer daily commentary and does not specify a comparable news feed. Neither broker includes a sentiment tool or research from Acuity Trading.
Questrade shines for third-party research tools, offering Autochartist, Trading Central, and TipRanks—useful for technical analysis and fundamental insights. Xtrade does not include these integrations. If you want steady commentary and news headlines, consider Xtrade. If you prefer deeper screening and analysis tools, Questrade is the better fit.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner-friendly education, Questrade pulls ahead of Xtrade on video content: Questrade offers at least 10 beginner trading videos, while Xtrade does not meet that mark. Neither broker provides at least 10 advanced videos, and neither runs monthly educational client webinars. It’s also not confirmed whether either one delivers 10 or more forex- or CFD-focused lessons or videos.
Both brokers earn 3.5 out of 5 stars for Education from ForexBrokers.com, but Questrade ranks higher (#36 of 63) than Xtrade (#46 of 63). If you want a clearer path for getting started with video lessons, Questrade is the stronger pick, while Xtrade may require more self-directed learning.
| Feature |
Questrade
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Xtrade. Questrade finished with an overall rank of #32, while Xtrade finished with an overall rank of #60.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
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Xtrade
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| Trust Score | 86 | 74 |
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In a Questrade vs Xtrade comparison, neither broker lets you buy actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Questrade vs Xtrade: for deposits and withdrawals, Questrade does not support ACH or SEPA, PayPal, or Skrill but does allow bank wire transfers, while Xtrade also lacks ACH/SEPA and its support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | Questrade | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | Questrade Review | Xtrade Review |
| Broker Screenshots | Questrade | Xtrade | |
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| Regulation | Questrade | Xtrade | |
|---|---|---|---|
| Trust Score | 86 | 74 | |
| Year Founded | 2000 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 482 | |
| Forex Pairs (Total) | 110 | 56 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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 | Questrade | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $250 | $250 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 64 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Questrade | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | Xtrade Review |
| Overall | Questrade | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | Questrade Review | Xtrade Review |
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