SynergyFX vs Questrade

SynergyFX vs Questrade Comparison Table 2022
SynergyFX Questrade
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms. Questrade is an online brokerage providing self-investing and trading products.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Awards
Best Forex Broker 2018 - International Business Summit Malaysia
Australian Best Forex Broker 2015 - Global Financial Market Review
Best Currency Management Fund 2015 - GFMR
#1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study
Seal of Service Excellence 2019 - DALBAR
Bonus
Spin & Win Draw 5 commission-free trades
Instruments
Forex, CFDs, indices, shares, commodities Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs
Demo Account
Yes Yes
Minimum Deposit
$50 $1,000
Payment Methods
Credit Card, Doku Wallet, Mastercard, Skrill, UnionPay, Visa, Wire Transfer Visa
Minimum Trade
0.01 lots 0.01 lots
Regulator
ASIC, VFSC IIROC
Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No 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
- -
Robo Advisor
- -
Negative Balance Protection
- -
Market Maker
- -
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes -
Trade Signals
- Yes
VPS Hosting
- -
Tournaments
- -
Demo Competitions
- -
Ethical Investing
- -
Social Trading
Yes No
Copy Trading
No No
Islamic Account
Yes No
Account Currencies
- -
CFD
Trade across several financial markets with up to 1:400 leverage. Trade CFDs in online financial markets.
Leverage
1:500 1:3.33
FTSE Spread
1.4 N/A
GBPUSD Spread
1.5 2
Oil Spread
0.030 0.05
Stocks Spread
Variable 1 cent per share
Forex
Trade forex with competitive spreads. Trade on FX pairs with spreads from 0.8 pips.
GBPUSD Spread
1.5 2
EURUSD Spread
0.8 1.9
EURGBP Spread
1.3 2.1
Assets
40+ 110+
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