Forex.com vs Questrade

Forex.com vs Questrade Comparison Table 2023
Forex.com Review 2023	Questrade Review 2023
Review 4.5 Forex.com is #1 in our broker rankings.	Review 3
Traders from US accepted	Traders from US not accepted See available CFD brokers
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.	Questrade is an award-winning Canadian investment platform offering self-directed and pre-built portfolios. Investors can access a suite of tax-free savings accounts, retirement plans, income funds and more. Regulated by CIRO, Questrade is an established broker, trusted by new and experienced investors.
Bonus Offer
Active Trader Program With A 15% Reduction In Costs	5 commission-free trades
Comment by Reviewer
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."	"Questrade is a top pick for Canadian clients with both long-term and short-term investment goals. The firm boasts competitive fees and a range of tax-efficient savings accounts."
Pros
Respected and trusted broker overseen by tier-one regulators including the US SEC Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4 Industry-leading pricing on popular forex assets starting from 0.0 pips Beginner-friendly web platform and mobile app Up to 15% cashback rebates for active traders Fast execution speed of less than 1 second Free demo account for prospective traders VPS hosting for automated strategies Top-rated forex and CFD broker Low minimum deposit of $100	Transparent pricing structure with stocks starting from 1 cent per share and portfolio management fees from 0.25% An impressive range of 17 accounts, suitable for both long-term investment goals, as well as short-term saving Easy account opening with no set-up fees and a choice of flexible portfolio types, depending on risk appetite Dual currency self-directed accounts in CAD and USD for convenient and fee-free investing across US and Canadian exchanges Excellent mobile trading app for active equity or options traders, with advanced charting and order types, plus a strategy builder tool Comprehensive learning centre with goal-tracking advice, platform tutorials and investment webinars Trusted firm with oversight from the CIRO
Cons
Investment offering varies between countries $15 monthly inactivity fee No copy trading platform	$1000 minimum deposit is high for beginners No fractional shares for lower entry requirements Canadian citizens accepted only No youth investment accounts
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com	#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR
Instruments
Forex, Spot Metals	Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$100	$1000
Trading Platforms
MT4 MT5 TradingView eSignal AutoChartist TradingCentral	Own
Payment Methods
Debit Card, ACH Transfer, Wire Transfer	Visa
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
NFA, CFTC	CIRO
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
SMART Signals	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Toronto Stock Exchange
Commodities
Cocoa Coffee Cotton Gold Livestock Natural Gas Oil Silver Soybeans Sugar Wheat	Gold Silver
CFD Trading
CFD trading not offered	Trade a good range of CFDs on commodities, indices and more. Questrade offers advanced mobile and web trading platforms with top research features including Morningstar and Trading Central.
Leverage
1:50	1:3.33
FTSE Spread
1.0	N/A
GBPUSD Spread
1.0	2
Oil Spread
0.04	0.05
Stocks Spread
0.1% (Min Commission Applies)	1 cent per share
Forex Trading
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.	Access over 110 FX pairs with spreads from 0.8 pips and no inactivity fees. Seasoned traders can also unlock advanced market data packages with fee rebates and competitive pricing.
Forex App
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.
GBPUSD Spread
1.0	2
EURUSD Spread
1.0	1.9
EURGBP Spread
1.0	2.1
Assets
80+	110+

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