Questrade vs XTB

Questrade vs XTB Comparison Table 2023
Questrade XTB
3
4.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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
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
Commodities
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
81% of retail accounts lose money.
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