Spreadex vs Questrade

Spreadex vs Questrade Comparison Table 2023
Spreadex Review 2023	Questrade Review 2023
Review 3.5	Review 3
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ instruments including 60 forex pairs as well as shares, indices, bonds, interest rates, ETFs, commodities and cryptocurrencies. Traders can also speculate on financial markets with CFDs and options, and take positions on sporting events. The brand has been around for over 20 years and won multiple awards.	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
£300 cashback	5 commission-free trades
Comment by Reviewer
"Spreadex will appeal to UK traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low and profits are tax-free on spread bets."	"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
Excellent range of instruments and trading vehicles Gives UK traders the opportunity to make tax-free profits through spread betting A rare broker that provides access to lower market cap stocks traded on the AIM Attractive new account promotions, including double the odds and matched betting offers Opportunity to bet on sports events from your brokerage account Good selection of signals, analysis tools and risk management tools Easy-to-use proprietary desktop platform and mobile app Guaranteed stops and other risk management tools Credit facilities with ratings 1 and 2 Self-exclusion capabilities Best odds guaranteed	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
Lack of a demo account will frustrate prospective clients who want to test Spreadex's services Limited customer service can make it time-consuming to troubleshoot problems Lacks intuitive chart trading features of platforms like MetaTrader 4 and MT5 No support for expert advisors or other trading bots No third-party e-wallets accepted	$1000 minimum deposit is high for beginners No fractional shares for lower entry requirements Canadian citizens accepted only No youth investment accounts
Awards
Best Spread Betting Provider - 2020 COLWMA Awards Best Mobile Trading Platform - 2020 ADVFN Awards Best Trading Alerts System - 2020 ADVFN Awards Best Spread Betting Provider - 2019 GMG Awards	#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study Seal of Service Excellence 2019 - DALBAR
Instruments
Forex, CFDs, indices, commodities, cryptos, shares, bonds and interest rates, ETFs, options, spread betting.	Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
No	Yes
Minimum Deposit
£0	$1000
Trading Platforms
Own	Own
Payment Methods
Cheque Credit Card Debit Card Mastercard Visa Wire Transfer	Visa
Minimum Trade
£0.01	0.01 Lots
Regulator
FCA	CIRO
Margin Trading
Yes	No
STP Account
No	No
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
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD CHF
Stock Exchanges
Euronext London Stock Exchange Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange	Toronto Stock Exchange
Commodities
Cocoa Coffee Copper Cotton Gold Natural Gas Oil Platinum Silver	Gold Silver
CFD Trading
Trade CFDs on Spreadex's diverse list of instruments with leverage up to 1:30 and highly competitive spreads. While this broker's USP is spread betting, the excellent trading terms and range of markets makes it an equally good choice for 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.
Leverage
1:30	1:3.33
FTSE Spread
Not offered	N/A
GBPUSD Spread
0.9 pips	2
Oil Spread
4-15 pips	0.05
Stocks Spread
Variable	1 cent per share
Forex Trading
Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.	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.
GBPUSD Spread
0.9 pips	2
EURUSD Spread
0.6 pips	1.9
EURGBP Spread
0.9 pips	2.1
Assets
60+	110+
Cryptocurrency
Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets.	Crypto trading not offered
Spread
1 - 140 pips
Coins
BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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