Questrade vs XTB

Questrade vs XTB Comparison Table 2023
Questrade	XTB
Review 3	Review 4.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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.	XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 day trading markets on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.
	81% of retail accounts lose money.
Bonus Offer
5 commission-free trades
Promotions
	Earn Cashback When You Trade At XTB
Comment by Reviewer
"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."	"XTB is a great option for beginners with a user-friendly platform, no minimum deposit and low short-term trading fees. The free education center is also a bonus, as well as the straightforward account opening process."
Pros
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	Huge range of day trading markets with 5800+ instruments There's a wide range of useful educational resources for beginners The broker is FCA, KNF, CySEC, and IFSC-regulated Reliable 24 hour support is available from Sunday to Friday The broker holds multiple industry awards and is a respected brand High-volume traders can access competitive cashback rebates You can earn interest up to 5% on uninvested balances A professional investing account is available for eligible clients There are flexible account options with low spreads from 0.1 pips
Cons
$1000 minimum deposit is high for beginners No fractional shares for lower entry requirements Canadian citizens accepted only No youth investment accounts	The broker's single platform offering is very limiting compared to alternatives The instrument portfolio is limited mostly to CFDs
Awards
#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR	Best Forex Broker for Beginners 2022 Best Customer Service 2021 Best Forex Broker for Low Costs 2021 Best Mobile App for Investing 2020 #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018 Best Polish Forex Broker 2019 Best Execution Broker 2019
Instruments
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$1000	$0
Trading Platforms
Own	xStation
Payment Methods
Visa	Credit Card Debit Card Maestro Mastercard PayPal Paysafecard QIWI Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CIRO	FCA, CySEC, IFSC, KNF, DFSA
Margin Trading
No	Yes
Margin Rate
	4.5%
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	iOS & Android
Auto Trading
	Open API
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP
Stock Exchanges
Toronto Stock Exchange	Australian Securities Exchange Bombay Stock Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Gold Silver	Cocoa Coffee Copper Cotton Gasoline Gold Natural Gas Nickel Oil Precious Metals Silver Soybeans Sugar
CFD Trading
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.	Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions.
Leverage
1:3.33	1:500 (Retail)
FTSE Spread
N/A	0.08%
GBPUSD Spread
2	0.1
Oil Spread
0.05	0.03
Stocks Spread
1 cent per share	0.2%
Forex Trading
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.	Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees.
Forex App
	With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.
GBPUSD Spread
2	0.1
EURUSD Spread
1.9	0.2
EURGBP Spread
2.1	0.1
Assets
110+	45+
Cryptocurrency
Crypto trading not offered	XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts.
Spread
	From 0.22%
Coins
	ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	81% of retail accounts lose money.
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