Questrade

Written by How we review

Questrade is a Canada-based forex broker that provides access to currency markets via modern trading platforms, research tools, and education for self-directed traders. It offers broad market access within Canadian regulatory oversight in a concise, platform-focused experience.
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Key facts

8.6/10
Our rating
#34
Trust rank
1999
Founded
1
Licences
CIRO
1
Countries accepted
HeadquartersCanada
Broker typeMarket Maker
RegulationCIRO
PlatformsProprietary
InstrumentsCommodities, Forex, Indices, Metals
Fee levelMedium

Updated

Pros

  • • CIRO‐regulated Canadian broker
  • • Negative balance protection for retail FX/CFD
  • • CAD base currency and local funding options
  • • Integrated multi‐asset brokerage ecosystem
  • • Multiple platforms (web, desktop, mobile)

    • Cons

  • • Higher spreads/commissions than top FX brokers
  • • No MetaTrader 4/5 support
  • • Lower leverage limits due to Canadian regulation
  • • Fewer forex pairs than global competitors
  • • No social/copy trading

    • Key Features

  • • CIRO regulated with CIPF investor protection
  • • Forex and CFD trading via Questrade Global
  • • Advanced charting with technical indicators
  • • Two factor authentication and data encryption
  • • Conditional orders stop limit and trailing stop
  • • 24 hour five day forex market access

    • Similar Brokers

    Where This Broker Ranks

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    Frequently Asked Questions

    You can trade major, minor, and some less common currency pairs, plus a selection of contracts for difference on popular markets, subject to your region and account type. Available products and hours can vary. Position sizing uses margin, so you control exposure relative to your balance. Check contract specs, tick size, and trading hours before you place an order. Always review fees and risks in the account documents. This is general information, not advice.

    Forex quotes use variable spreads that move with market conditions. Commissions may apply on some contracts for difference. Overnight financing applies when you hold positions past the session. Inactivity, market data, or currency conversion fees can also apply to your account. Total cost depends on the instrument, order size, time in force, and holding period. You can review live quotes and fee schedules in the platform and account documents. This is general information, not advice.

    Trade on web and mobile platforms with advanced charts, watchlists, and alerts. Core order types include market, limit, stop, and trailing, plus risk controls like stop loss and take profit. Depth tools, calendars, and news may be available. You can customize layouts and save workspaces. Real time margin impact and account metrics help you track exposure. Platform features can vary by region and account. This is general information, not advice.

    You fund your account by bank transfer or wire, depending on your region and account currency. Processing times and fees vary by method. Withdrawals return to a verified source in the same name to meet security checks. The broker may ask for identity verification before releasing funds. Currency conversion can apply when you fund or withdraw in another currency. Review the funding page and cut off times in your account. This is general information, not advice.

    Forex and contracts for difference are complex. Prices can change fast and gaps can occur. Using leverage magnifies both gains and losses. You can lose more than you expect, especially in volatile moves. Liquidity can thin during events, which can widen spreads and cause slippage. Holding positions overnight can add financing costs and exposure to after hours moves. Read the risk disclosures and account agreement before you trade. This is general information, not advice.

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