Forex.com vs Questrade
Forex.com Review 2023 | Questrade Review 2023 |
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4.5
Forex.com is #1 in our broker rankings. |
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3
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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 | |
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Cons | |
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Awards | |
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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 | |
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Payment Methods | |
Debit Card, ACH Transfer, Wire Transfer | |
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 | |
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Stock Exchanges | |
Commodities | |
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. |
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GBPUSD Spread | |
1.0 | 2 |
EURUSD Spread | |
1.0 | 1.9 |
EURGBP Spread | |
1.0 | 2.1 |
Assets | |
80+ | 110+ |
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