Questrade Review 2019

Questrade Rated 3/5
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Questrade Guide

Questrade are an online broker founded in 2008 offering Forex trading trading, Spread Betting trading, and Share Dealing trading.

Questrade are a global broker and have multiple offices around the world including a head office in Canada.

Questrade have a listed stock symbol. This means that Questrade have publically listed and you can officially buy shares in Questrade on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Questrade we break down the pros and cons. What Questrade are able to offer, what countries Questrade are available in. Who Questrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Questrade

  • Regulated by: Organization of Canada (IIROC)
  • Headquarters Country : Canada
  • Foundation year 2008
  • Min Deposit : 1000
  • Used by over 10,000 traders
  • Questrade is not available in the following countries :
Open Questrade's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Questrade

With this review we hope to help you see if Questrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Questrade that will help you get off to a good start in the world of online trading.

Questrade Review Table of Contents

Questrade what you should know

Questrade offer three ways to trade: Forex trading, Spread Betting, Share Dealing.

With Questrade you will need a minimum deposit of $1000. You can sign up for a demo account to acquaint yourself with Questrade platform.

Questrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Questrade safe?

When choosing a broker like Questrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Questrade have a head office in Canada.

Questrade is regulated. This means Questrade are supervised by and is checked for conduct by the Organization of Canada (IIROC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Questrade, this will be honored. If Questrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to Questrade accounts by traders are held in a segregated bank account.

For added security Questrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Questrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Questrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker questrade XTB Pepperstone eToro
Year Established 2008 2002 2010 2006
Head Office Canada Poland Australia Cyprus, UK
Regulation Organization of Canada (IIROC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes No
Guaranteed Stop Loss Yes No No
Learn More Visit Questrade Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Questrade Pros and Cons

What we like about Questrade

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Organization of Canada (IIROC)
  • Min. deposit from $1000

What we don't like about Questrade

Questrade Financial Regulation and Supervision in more detail

We have checked and Questrade is regulated and supervised by reputable organisations. You are able to check every Questrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Questrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Questrade traders and provide a safe trading environment.

  • Organization of Canada (IIROC)

Questrade is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Questrade you should be sure they're legitimate online agent.

Questrade General Fees

  • Questrade withdrawal fees varies on payment method
  • Questrade does charge inactivity fees
  • Questrade does charge deposit fees
Broker questrade XTB Pepperstone eToro
Min Deposit 1000 0 200 200
Withdrawl Fees varies varies No Yes
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes Yes No

Questrade Commissions

  • Questrade does charge commission on CFD shares.

What can you trade with Questrade?

You can trade a wide variety of instruments with Questrade over 194 instruments infact.

If you are looking at trading currency pairs Questrade offer over currency pairs.

Compare Questrade with XTB and Pepperstone below.

Your capital is at risk

Broker questrade XTB Pepperstone eToro
Instruments Available 194 1,500 100 100
Platforms Mac OSX 10.6 and higher, Linux. MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Questrade Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Questrade Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs Visit Questrade Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1696 60 957
UK Shares No Yes No Yes
US Shares Yes Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

Trading on Questrade web platforms and other applications

Questrade offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An Questrade IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Questrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See questrade's platforms

Questrade Trading benefits :

Questrade Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account

Can I try Questrade before I buy?

Questrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Questrade accept?

Questrade offer the below funding payment methods. learn more about Questrade

  • Credit cards
  • Skrill
  • Neteller
Broker questrade XTB Pepperstone eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with Questrade?

When opening a trading account with Questrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Questrade trading platforms here.

Performing trades with Questrade

Questrade allow you to execute a minimum of trade of $ 4.95. This may vary depending on the account you open. Questrade allow you to execute a maxium trade of varies.

As a market maker, Questrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Questrade

To trade effectively with Questrade, it's important to get a have a good understanding of the XTB trading tools and the markets.

Questrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Questrade.

Take time to look around the Questrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Questrade

Questrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Broker questrade XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Questrade Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with Questrade

As Questrade is regulated by Organization of Canada (IIROC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Questrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Questrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.questrade.com on 12th August 2018.

Questrade Bottom Line

  • Questrade have a good track record of offering Forex trading, Spread Betting, Share Dealing.
  • Questrade has a history of over 20 years.
  • Questrade has a reasonable sized client support call center of at least 10.
  • Questrade are regulated by Organization of Canada (IIROC). This means Questrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Questrade have regulation from a Tier 1 reputable country.
  • Questrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Questrade have an international presence in multiple countries. This includes local Questrade seminars and training.
  • Questrade are able to hire people from various locations in the world who can better communicate in your local language.

Questrade Risk Disclaimer

Your capital is at risk

Questrade not quite right?

Check out these Questrade Alternatives

We have spent years researching the best alternatives to Questrade. Click the links below to learn more.

If you feel some of the above Questrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Questrade alternatives below.

Related Questrade Comparisons

If you would like to see how Questrade stands up against other brokers you can read some of our Questrade comparisons below. We compare side by side some of our top rated Questrade versus comparisons. Read some indepth Questrade VS pages below.

QUESTRADE Frequently Asked Questions

Can I try Questrade before I buy?

Questrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Questrade accept?

Questrade offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Questrade?

When opening a trading account with Questrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Questrade trading platforms here.

Is my money safe with Questrade?

Questrade is regulated by Organization of Canada (IIROC). One of the most important criteria for traders when choosing a broker like Questrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Questrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.