Questrade Review 2026
Established in 1999
•
Canada
• IIROC Regulated
Questrade is a well-established broker with a solid 4.2/5 rating. Regulated by IIROC (highest protection tier), this broker offers spreads from 1.5 pips on EUR/USD with a minimum deposit of $1000. Trade 30000+ instruments including forex, CFDs, and more.
📊 Questrade Overview
Questrade (Questrade Inc) is a well-established broker founded in 1999 headquartered in Toronto, Canada. The broker operates under the supervision of IIROC , one of the world's most respected financial regulators known for strict oversight and investor protection .
With access to 30000+ tradable instruments including 100 forex pairs , 20000 stocks , Questrade caters to diverse trading strategies.
| Legal Name | Questrade Inc |
|---|---|
| Founded | 1999 |
| Headquarters |
Toronto, Canada
|
| Primary Regulation | IIROC (Tier 1 - Highest Protection) |
| Instruments | 30000+ assets |
| Min Deposit | $1000 |
| Max Leverage | 1:50 |
📖 Questrade — In-Depth Introduction
Few brokers can match the 27-year legacy of Questrade, a true industry pioneer that has weathered multiple market cycles. Questrade's IIROC authorization subjects the broker to rigorous compliance requirements, regular audits, and strict capital adequacy rules—providing peace of mind for safety-conscious traders. Questrade caters to serious traders with its professional-grade execution and comprehensive platform offerings.
Company Background
Questrade (legally Questrade Inc) has been operating in the financial services industry for 27 years. Headquartered in Toronto, Canada, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 30000+ tradable instruments.
💸 Questrade Fees — Complete Cost Analysis
Questrade's spreads of 1.5 pips on EUR/USD fall within the industry average range. While not the cheapest option, these costs are acceptable for most trading styles. Questrade operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. To put this in perspective: trading 10 lots per month on EUR/USD at Questrade's 1.5 pip spread would cost approximately $150 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: Questrade
Non-Trading Fees
| Fee Type | Questrade | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is Questrade Safe? — Complete Security Analysis
Safety and fund security are paramount when choosing a broker, and Questrade excels in this area with a Trust Score of 90/100. This rating reflects strong regulatory compliance, robust fund protection measures, and a clean operational history. Client funds at Questrade are held in segregated accounts at top-tier banks, completely separate from the company's operational funds. This means even in the unlikely event of broker insolvency, your money remains protected and inaccessible to creditors.
Regulatory Framework
Questrade is regulated by IIROC.
Security Features Checklist
Understanding the Trust Score
Our 90/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use Questrade?
✅ Best For
- Professional traders will appreciate Questrade's institutional-grade features: tight spreads, advanced platforms, API access, and high leverage options (where permitted).
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on Questrade
Questrade is a solid choice for most traders looking for reliability with a 4.2/5 rating.
📈 Questrade Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how Questrade performed in our rigorous testing:
Questrade offers a solid trading experience with competitive conditions.
💰 Questrade Fees & Spreads
Understanding trading costs is crucial for profitability. Questrade uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.5 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.8 | 1.5 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | Not available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with Questrade:
- Spread Cost: 1.5 pips × $10/pip = $15.0
- Commission: $0
- Total Cost: $15.0 per lot
🛡️ Questrade Regulation & Safety
Questrade is regulated by IIROC, a Tier 1 - Highest Protection regulatory authority. This means the broker must adhere to the strictest financial regulations, including capital requirements, regular audits, and mandatory investor protection schemes.
📜 Regulatory Licenses
- IIROC
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 90/100
High Trust: Questrade has demonstrated excellent regulatory compliance and safety standards.
🖥️ Questrade Trading Platforms
Questrade offers 3 trading platforms, giving traders flexibility in how they access the markets.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
Questrade IQ
Questrade's custom-built trading platform designed specifically for their clients.
- ✓ Custom Features
- ✓ Integrated Tools
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader | Questrade IQ |
|---|---|---|---|---|
| Available | ✓ | ✓ | ✗ | ✓ |
| Copy Trading | ✗ | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✓ | ✗ | ✗ |
| VPS Available | Not offered | |||
| API Access | Not available | |||
🌐 Questrade Tradable Instruments
Questrade offers access to 30000+ tradable instruments across multiple asset classes. This includes 100 forex pairs , and 20000 global stocks.
👤 Questrade Account Types
Questrade offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice.
Practice with virtual funds
Not available
Not available
Not available
Not available
💳 Questrade Deposits & Withdrawals
Questrade requires a minimum deposit of $1000 .
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ Questrade Pros & Cons
✅ Pros
- Top-tier IIROC regulation ensures high safety standards
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Negative balance protection for retail traders
❌ Cons
- Minimum deposit of $1000 may be high for beginners
- No copy trading feature
- Limited educational resources for advanced traders
📚 Questrade Education & Research
Questrade's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 Questrade Customer Support
Questrade offers customer support to assist traders with their queries.
⭐ Questrade User Reviews
📝 User reviews will be displayed here. Share your experience with Questrade!
Write a Review🏆 Questrade — Our Verdict
Questrade is a solid choice for most traders. With IIROC regulation, 1.5 pips EUR/USD spreads, and a $1000 minimum deposit, this broker is a good choice for safety-conscious traders .
Best for: Safety-focused traders
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ Questrade — Frequently Asked Questions
Is Questrade a safe and regulated broker?
Yes, Questrade is regulated by IIROC, which is a Tier 1 - Highest Protection regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at Questrade?
The minimum deposit at Questrade is $1000. This is a moderate minimum deposit requirement.
What trading platforms does Questrade offer?
Questrade offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- Questrade IQ — Custom-built trading solution
What are Questrade's spreads on EUR/USD?
Questrade offers EUR/USD spreads from 0.8 pips with an average of 1.5 pips. The broker uses Variable spreads.
How long do withdrawals take at Questrade?
Withdrawal processing times at Questrade depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does Questrade offer a demo account?
Yes, Questrade offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is Questrade's maximum leverage?
Questrade offers maximum leverage of 1:50. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:50 may be available
Higher leverage increases both potential profits and potential losses.
Can I use Questrade in ?
Questrade accepts traders from . The broker operates under IIROC regulation. Always verify current availability and applicable regulations on the broker's website.
Does Questrade offer Islamic (swap-free) accounts?
Questrade does not currently advertise Islamic accounts. If you require swap-free trading, we recommend contacting them directly or considering an alternative broker.
What instruments can I trade with Questrade?
Questrade offers access to 30000+ tradable instruments:
- 100 Forex currency pairs
- 20000 Stock CFDs