Questrade Review 2026

Item: Questrade
Rating: 5.91
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 10, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $1000
Fees 7 /10
Account types 4 /10
Regulation 9 /10

5.9 /10

Moderate risk

Questrade User Reviews 6.5
Commissions and Fees 7.0
Regulation and Safety 9.0
Account Types 4.0
Deposit and Withdrawal 5.5
Markets and Tradable Assets 7.5
Trading Account Opening 6.0
Trading platforms & tools 4.8
Mobile Apps 5.9
Customer Support 3.7

Questrade Pros & Cons

A wide range of instruments.
The broker is regulated by the Canadian IIROC.
Instruments for passive investments.
Various professional trading platforms.
Low fees for ETFs.
Fast account opening, especially for Canadian citizens.

Relatively high commissions for Forex traders.
Restrictions for Non-Canadian Customers.
Limited choice of payment systems.

TU Expert Verdict

Questrade demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

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Questrade User Reviews

Score:

6.5 /10

21 total

5-star

5%
4-star

38%
3-star

43%
2-star

5%
1-star

10%

The limited choice of payment systems for deposits and withdrawals leaves a lot to be desired. This is a drawback, especially if you're used to a wide selection of fast, convenient options. Despite this, it's worth noting that Questrade has excellent tools for passive investing, which is a real advantage for those who don't want to constantly monitor the market and prefer a quieter trade. The ability to invest in ETFs and manage assets without constant intervention is a good alternative for those seeking stability and simplicity.

Le choix limité de systèmes de paiement pour les dépôts et les retraits laisse vraiment à désirer. C'est un inconvénient, surtout si vous êtes habitué à une large sélection d'options pratiques et rapides. Malgré cela, il convient de noter que Questrade dispose d'excellents outils pour l'investissement passif, ce qui est un réel avantage pour ceux qui ne veulent pas surveiller constamment le marché et préfèrent un commerce plus calme. La possibilité d'investir dans des ETF et de gérer des actifs sans intervention constante est une bonne alternative pour ceux qui recherchent la stabilité et la simplicité.

I'll say right away that at Questrade, commissions for Forex traders are quite high, and this is of course a drawback of the company. However, a wide range of trading instruments and access to stock markets in 18 countries is a definite advantage that attracts many traders. Consequently, my attitude towards this broker is rather ambiguous. On the one hand, the high commissions may discourage, on the other hand, the variety of trading and investment opportunities compensates for this disadvantage for those looking for a wider choice.

Je dirai tout de suite que chez Questrade, les commissions pour les traders du Forex sont assez élevées, et c'est bien sûr un inconvénient de la société. Cependant, une large gamme d'instruments de trading et l'accès aux marchés boursiers de 18 pays est un avantage certain qui attire de nombreux traders. Par conséquent, mon attitude à l'égard de ce courtier est plutôt ambiguë. D'une part, les commissions élevées peuvent décourager, d'autre part, la variété des opportunités de trading et d'investissement compense cet inconvénient pour ceux qui recherchent un choix plus large.

The broker is regulated by the Canadian IIROC, which is certainly a big plus that guarantees a certain degree of security and transparency. However, it should be noted that the restrictions imposed on customers who are not Canadian citizens considerably reduce the opportunities available to traders wishing to work with this broker. For example, not all account types and trading conditions are available to international customers, making cooperation with Questrade less attractive to those outside Canada. For international traders, this can be a tangible disadvantage.

Le courtier est régulé par l'OCRCVM canadien, ce qui est certainement un grand plus qui garantit un certain degré de sécurité et de transparence. Toutefois, il convient de noter que les restrictions imposées aux clients qui ne sont pas des citoyens canadiens réduisent considérablement les possibilités offertes aux traders qui souhaitent travailler avec ce courtier. Par exemple, tous les types de comptes et toutes les conditions de trading ne sont pas disponibles pour les clients internationaux, ce qui rend la coopération avec Questrade moins attrayante pour ceux qui ne sont pas au Canada. Pour les traders internationaux, il peut donc s'agir d'un inconvénient tangible.

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Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of Questrade have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Questrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Questrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Questrade Standard spreads
	Questrade	ZForex	OANDA
EUR/USD min, pips	0.8	0.1	0.1
EUR/USD max, pips	1.2	0.4	0.5
GPB/USD min, pips	0.8	0.2	0.1
GPB/USD max, pips	1.2	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Questrade RAW/ECN spreads
	Questrade	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.5	7	3.5
EUR/USD avg spread	0.2	0.1	0.15
GBP/USD avg spread	0.3	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Questrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Questrade Non-Trading Fees
	Questrade	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-40	0-15
Inactivity fee ($, per month)	0	0

Is Questrade Safe?

Score:

9 /10

Questrade has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Track record over 27 years

No negative balance protection

Questrade Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
CIRO	Full Name Investment Industry Regulatory Organization of Canada	Country of regulation Canada	Investor Protection Fund CAD 1,000,000	Regulation Level Tier-1

Questrade Security Factors
Foundation date	1999
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

4 /10

Questrade offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Managed.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Forex account with Micro lots
Demo account
Low minimum deposit

No VIP account option
No Cent account

Questrade account types vs top competitors
	Questrade	Trading.com	ZForex
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	Yes
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	Yes	No	No
Swap Free	No	No	Yes
VIP	No	No	No
Managed	Yes	No	No

Questrade accounts trading conditions

Questrade offers a wide variety of accounts (some are only available to Canadian citizens), and customers can have multiple account types at the same time.

Account Type	Description
TFSA	The Tax-Free Savings Account is not subject to capital gains and dividend taxes. It serves short and long-term purposes. You can apply the Margin Power service to your account to buy leveraged financial assets.
A Margin account	is a specialized account for leveraged investing.
Accounts for legal entities
Trust management accounts
Forex & CFDs (individual and corporate)	are accounts for Forex traders
RRSP	is a retirement savings account.
RESP	is an account for accumulating savings for education.

Demo accounts and free transfer of an existing account from another broker are also available.

Questrade is a broker that connects directly to exchanges, and also uses ECN (Electronic Communication Networks) and ATS (Alternative Trading Systems) technologies to quickly execute trades with minimal costs.

Deposit and Withdrawal

Score:

5.5 /10

Questrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Questrade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank card deposits and withdrawals
No withdrawal fee
Low minimum withdrawal requirement
Bank wire transfers available

Wise not supported
Limited deposit and withdrawal flexibility, leading to higher costs
BTC not available as a base account currency

What are Questrade deposit and withdrawal options?

Questrade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Neteller, BTC.

Questrade Deposit and Withdrawal Methods vs Competitors
	Questrade	Trading.com	ZForex
Bank Wire	Yes	Yes	No
Bank card	Yes	Yes	Yes
PayPal	No	No	No
Wise	No	No	No
BTC	Yes	No	Yes

What are Questrade base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Questrade supports the following base account currencies: USD, CAD.

What are Questrade's minimum deposit and withdrawal amounts?

The minimum deposit on Questrade is $1000, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Questrade’s support team.

Markets and Tradable Assets

Score:

7.5 /10

Questrade offers a wider selection of trading assets than the market average, with over 20000 tradable assets available, including 110 currency pairs.

Indices trading
Passive income with bonds
ETFs investing

Crypto trading not available
Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Questrade with its competitors, making it easier for you to find the perfect fit.

	Questrade	Trading.com	ZForex
Currency pairs	110	69	50
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	20000	69	80
Stocks	Yes	No	Yes
Commodity futures	No	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	No	Yes
Stock indices	Yes	No	No
Options	No	No	No

Investment options

We also explored the trading assets and products Questrade offers for beginner traders and investors who prefer not to engage in active trading.

	Questrade	Trading.com	ZForex
Bonds	Yes	No	No
ETFs	Yes	No	No
Copy trading	No	No	Yes
PAMM investing	No	No	No
Managed accounts	Yes	No	No

Trading Account Opening

Score:

6 /10

We successfully registered an account with Questrade in 30 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at Questrade is $1000.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Fully online account opening process
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

Questrade account opening
	Questrade	Trading.com	ZForex
Online Registration	Yes	Yes	Yes
Minimum deposit	$1000	$50	$10
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	30	20	8
KYC time (days)	3	2	1

Is Questrade available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with Questrade, you need to become a client of the broker by opening a trading account. A quick guide looks like this:

Click Open Account on Questrade’s website.
After that, select the type of account.
After choosing an account, you will need to indicate your full name (as in your passport) and come up with a password. After that, a personal account will be created. To use all the functionality of the account, you need to create a profile by providing more information about yourself, your financial position, your attitude toward risk, and your goals for opening the account.
After creating the profile, you need to complete the creation of the selected account. In this case, the client will have to answer similar questions asked during the creation of the profile. So the procedure for opening an account may seem convoluted.

Also in the personal account, the client has access to:

Various real-time reports on accounts.
Forms for deposits and withdrawals of funds.
Section for working with the affiliate program.
Support interface.
Section for downloading trading platforms.

Trading platforms & tools

Score:

4.8 /10

Questrade received a score of 4.8/10, indicating a limited selection of trading platforms and tools. This reflects the absence of advanced platform options or a lack of additional features that could enhance the overall trading experience.

Trading bots (EAs) allowed
Free VPS for uninterrupted trading

No access to a proprietary platform
No access to MetaTrader

Supported trading platforms

Questrade supports the following trading platforms: none. This selection covers the basic needs of most retail traders. We also compared Questrade’s platform availability with that of top competitors to assess its relative market position.

	Questrade	Trading.com	ZForex
MT4	No	No	No
MT5	No	Yes	Yes
cTrader	No	No	No
TradingView	No	Yes	No
Proprietary platform	No	Yes	No
NinjaTrader	No	No	No
WebTrader	No	Yes	No

Key Questrade’s trading platform features

We also evaluated whether Questrade offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	No
Trading bots (EAs)	Yes
One-click trading	No
Scalping	No
Supported indicators	120
Tradable assets	20000

Additional trading tools

Questrade offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

Questrade trading tools vs competitors
	Questrade	Trading.com	ZForex
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	Yes	No
API	No	No	No
Free VPS	Yes	No	Yes
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

5.9 /10

Questrade supports mobile trading, offering dedicated apps for both iOS and Android. Questrade received 5.9/10 in this section, which suggests limited user interest or weak performance of the apps.

Supports mobile 2FA
Mobile alerts supported

Weak user feedback on Android
Weak user feedback on iOS

We compared Questrade with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	Questrade	Trading.com	Plus500
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	500,000	50,000	10,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	2.5	4.8	4.7
Google Play score	2.2	4.7	4.4
Mob. 2FA	Yes	Yes	Yes
Mob. Indicators	No	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

3.7 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Support service operators are available five days a week. Working hours: Monday-Friday, 7:30 am to 8:00 pm Eastern Standard Time.

You can ask a question without being a client of the company in the online chat
There is support in three languages: English, French, and Chinese

No 24/7 support

Available communication channels with customer support specialists include:

telephones;
email — for questions related to the affiliate program;
online chat on the website;
feedback form.

Not only a registered client but also a trader without an active account can contact the support team.

Contacts
Foundation date	1999
Registration address	5700 Yonge Street, Unit G1 Toronto, ON Canada M2M 4K2
Regulation	CIRO
Official site	https://www.questrade.com/
Contacts	support@questradeaffiliates.com 1.416.227.9876

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Questrade Video Guides

FAQs

How safe is Questrade in terms of regulation and investor protection?

Questrade has a safety score of 9/10 and is classified as having a high security level in this review. It is regulated by CIRO in Canada, with participation in an investor protection fund up to CAD 1,000,000 and a track record since 1999, but it does not offer negative balance protection.

What types of trading and investment accounts does Questrade offer?

Questrade provides several account types, including Demo, Standard, ECN/Raw spread, Micro, and Managed accounts, but it does not offer Cent, Swap Free, or VIP accounts. It also supports specialized accounts such as TFSA, Margin accounts, RRSP, RESP, trust management accounts, and Forex & CFD accounts for individuals and legal entities, with some options available only to Canadian citizens.

What do Questrade user reviews and feedback say about the broker?

Questrade has a user satisfaction score of 6.5/10 based on 21 reviews, with a rating distribution that includes 5% 5-star, 38% 4-star, 43% 3-star, 5% 2-star, and 10% 1-star evaluations. According to user reviews, overall sentiment is mixed, reflecting a combination of positive and neutral or critical experiences.

What are the deposit and withdrawal options and limits at Questrade?

Questrade supports deposits and withdrawals via bank cards, bank wire transfers, Neteller, and Bitcoin, with USD and CAD available as base account currencies. The minimum deposit is $1000 and the minimum withdrawal is $100, although the section notes these amounts may vary by account type and payment method and does not provide more detailed breakdowns.

What feedback is available on Questrade’s mobile trading apps?

Questrade offers mobile apps for iOS and Android with mobile alerts and 2FA support, but indicators are not supported on mobile. The apps have a safety score of 5.86/10 in this section, and the listed App Store (2.5) and Google Play (2.2) ratings suggest relatively weak user feedback, particularly on Android.