Exness vs Questrade Comparison & Reviews

Feature
Exness
Questrade
Regulation
Regulated by multiple entities, including CySEC, FCA, FSCA
Regulated by IIROC and a member of CIPF
Account Types
Standard, Pro, Zero, Raw Spread, Islamic
Individual, Joint, Corporate, RRSP, TFSA, Margin
Minimum Deposit
$1 (Standard account), $200 (Pro accounts)
$1,000 CAD minimum deposit
Trading Platforms
MetaTrader 4, MetaTrader 5, Exness Trader app
Questrade Web, Questrade IQ Edge, Mobile App
Instruments
Forex, Commodities, Indices, Cryptocurrencies, Stocks
Stocks, ETFs, Options, Forex, Mutual Funds, Bonds, GICs
Leverage
Up to 1:2000 (varies by region and account type)
Up to 1:3 (Forex), Leverage not available on stocks/ETFs
Commission
No commission on Standard accounts, $3.5/lot on Pro accounts
$0.01/share (min $4.95, max $9.95) for stocks, options at $9.95 + $1/contract
Spreads
From 0.0 pips (Raw Spread), 0.3 pips (Standard)
Variable spreads, forex spreads start around 1.8 pips
Execution Speed
Market execution, low latency trading
Market execution with direct market access (DMA)
Deposit Methods
Credit/Debit Cards, Bank Wire, E-wallets (Skrill, Neteller, etc.)
Bank Transfer, EFT, Credit Cards, Debit Cards
Withdrawal Methods
Credit/Debit Cards, Bank Wire, E-wallets
Bank Transfer, EFT, Credit Cards
Withdrawal Fees
No fees for most methods (e.g., e-wallets), some fees for cards
No fees for electronic fund transfers (EFT), wire fees $20
Customer Support
24/7 multilingual support, Live chat, Phone, Email
24/7 chat support, Phone, Email
Educational Resources
Webinars, Articles, Glossary, Analytics
Webinars, Articles, Market Research
Research Tools
Economic Calendar, Trading Central, Sentiment Analysis
Market research, advanced charting tools, stock screeners
Account Currencies
Multiple currencies including USD, EUR, GBP, AUD
CAD, USD
Islamic Accounts
Yes (swap-free accounts)
Not available
Demo Accounts
Yes (MT4, MT5)
Yes (web-based and desktop)
Order Types
Market, Limit, Stop, Trailing Stop
Market, Limit, Stop, Stop-Loss, Trailing Stop
Copy Trading
Yes (Social Trading platform available)
No
Risk Management Tools
Negative Balance Protection, Stop Loss, Take Profit
Stop Loss, Take Profit, Alerts
Supported Countries
Available worldwide with some restrictions (e.g., US not allowed)
Available in Canada and international clients
Fees for Inactivity
$5 monthly after 180 days of inactivity
$24.95 quarterly after 12 months of inactivity
Trading Accounts for Beginners
Yes, Exness Standard account is beginner-friendly
Yes, simplified options available
Mobile Trading
Yes, via Exness Trader app, MT4/MT5 apps
Yes, Questrade app for iOS and Android
Fractional Shares
Not available
Available for U.S. and Canadian stocks
Asset Classes for Investment
Forex, Cryptocurrencies, Stocks, Metals, Indices
Stocks, ETFs, Forex, Bonds, Mutual Funds, Options, GICs
Copy Trading Platform
Exness Social Trading app
Not available
Advanced Charting Tools
Available via MetaTrader 4 and MetaTrader 5
Advanced charting with customizable tools on Questrade IQ Edge
Trading Algorithm Support
Yes, through Expert Advisors (EAs) on MetaTrader
Limited support through Questrade IQ Edge API
API Access
Not available for retail traders
Yes, through Questrade’s API
Account Segmentation
Professional and Standard accounts
Segmented by account types: TFSA, RRSP, Margin, and others
Social Trading Features
Yes, copy other traders' strategies (through Social Trading)
No social trading features
Forex Margin Requirement
Dynamic margin requirement depending on leverage and region
3% margin requirement for Forex
Stop-Out Level
0% (for Pro accounts), 60% (for Standard accounts)
100% margin call level (liquidation occurs when margin is insufficient)
Order Execution Types
Instant Execution (available for some accounts), Market Execution
Market Execution only
Volatility Protection Settings
Yes, including setting maximum price deviation
No specific volatility protection settings
Hedging Features
Yes, supports hedging (opening opposite positions on the same instrument)
Limited hedging with options trading
Scalping Allowed
Yes, scalping is allowed
Yes, scalping is allowed
Automated Trading
Yes, supports automated trading with Expert Advisors (EAs)
Limited automation through API
Corporate Accounts
Not available
Yes, corporate accounts available
Research Partners
Trading Central, Autochartist
Morningstar, Market Intelligence, Benzinga
Risk Assessment Tools
Sentiment indicators, Volatility indicators, Trade position sizes
Built-in risk management tools, no sentiment indicators
Market Depth
Available in MetaTrader 5
Available on Questrade IQ Edge
Order Execution Transparency
Full transparency with execution times and slippage statistics
Transparent fee structure but limited execution stats
Level 2 Data
Not available
Available at additional cost
Account Opening Speed
Instant account opening for most regions
Typically takes 1-2 business days
Multilingual Support
Supports over 15 languages
Primarily English, French (in Canada)
News Feed
Integrated news in MetaTrader platform (Reuters)
Integrated financial news from various sources (e.g., Reuters, Benzinga)
Stock Lending
Not available
Available for margin accounts (via stock borrowing)
Dividend Reinvestment Plans (DRIPs)
Not applicable (trading-focused)
Available for eligible accounts and stocks
Payout Frequency for Withdrawals
Instant withdrawals for most methods
1-3 business days depending on the method
Mobile Notifications
Customizable alerts for price, margin calls, and news updates
Real-time price alerts, news, and order execution notifications
Tax-Advantaged Accounts
Not available
Available (TFSA, RRSP, RESP for Canadian residents)
Custom Indicators and Scripts
Yes, supports custom indicators and scripts in MetaTrader
Limited, only through Questrade’s API
Access to IPOs
Not available
Yes, allows clients to participate in IPOs
Chart Timeframes
Up to 21 timeframes in MetaTrader 5
Up to 10 timeframes on Questrade IQ Edge
Advanced Order Types
Market, Limit, Stop, Trailing Stop, One-Cancels-the-Other (OCO)
Market, Limit, Stop, Trailing Stop, One-Triggers-the-Other (OTO)
Cryptocurrency Trading
Yes, includes major cryptos like Bitcoin, Ethereum
No direct cryptocurrency trading, but allows crypto ETFs
CFD Trading
Yes, CFDs on Forex, Indices, Metals, Cryptos
Yes, CFDs on Forex and certain indices
ETF Trading
No ETFs available
Yes, broad range of Canadian and U.S. ETFs
Mutual Fund Trading
Not available
Yes, extensive mutual funds selection
Commodities Trading
Yes, includes Gold, Silver, Oil
No direct commodity trading (ETFs available for commodities)
PAMM Accounts
No
No
Stock Market Coverage
Limited to CFD trading on select global stocks
Full access to U.S. and Canadian stocks
Negative Balance Protection
Yes, built-in for all accounts
Yes, standard on all accounts
Algorithmic Trading
Yes, through MetaTrader’s Expert Advisors
Limited to users implementing algorithms through API
Market Making vs. Direct Market Access (DMA)
Market Maker
Direct Market Access (DMA) for stocks and options
Over-the-Counter (OTC) Trading
Yes, OTC assets available
Not available
Deposit Bonus
Occasionally offers deposit bonuses or promotions
No deposit bonuses or promotions
Swap Rates
Standard swaps apply for non-Islamic accounts (vary by asset)
Overnight interest applied to margin accounts, depending on position
Spread Betting
Not available
Not available
Volume Discounts
Not available
Volume rebate program for active traders (varies by volume)
MAM/PAMM Features (Money Manager Accounts)
No
No
Third-Party Signal Providers
Available via MetaTrader and Exness Social Trading
Not available
Slippage Control
Yes, settings available to limit slippage on trades
No specific slippage control
Weekend Trading
Yes, limited to cryptocurrencies
No weekend trading available
Trading Hours
24/5 for most markets, 24/7 for cryptos
Market hours for U.S. and Canadian exchanges (9:30 AM to 4 PM EST)
Real-Time Market Data
Yes, through MetaTrader 4/5 platforms
Yes, through Questrade platforms (real-time data subscriptions)
Currency Pairs
100+ currency pairs available
15+ currency pairs (primarily major pairs)
Spreads on Major Pairs (EUR/USD)
Typically 0.1 to 0.3 pips on Pro accounts
Typically 1.8 to 2.2 pips
Stock and ETF Screening Tools
Not available
Yes, stock and ETF screeners for selecting investment choices
Web-Based Trading
Yes, via Exness Web Terminal
Yes, through Questrade Web and IQ Edge platforms
Social Media Integration
Limited, primarily for education and updates
Active on platforms like Twitter, providing news and updates
Portfolio Rebalancing Tools
Not available
Available, manual rebalancing recommended for long-term accounts
Currency Conversion Fees
None, no conversion fees for deposits or withdrawals
Yes, currency conversion applies for non-USD or non-CAD trades
Chart Patterns Recognition
Available through third-party tools like Autochartist
No automated chart pattern recognition, manual charting only
Cross-Border Trading
Yes, for international clients
Yes, but mainly focused on Canadian and U.S. markets
Profit and Loss (P&L) Reports
Available within MetaTrader and account summary
Detailed P&L reports available with downloadable formats
Tax Reporting
Not available, traders are responsible for their own taxes
Yes, detailed tax reporting, T5, T3, and RRSP contribution limits for Canadians
Investor Compensation
No investor compensation scheme
Member of the Canadian Investor Protection Fund (CIPF), protecting up to $1 million CAD
Trailing Stop Customization
Yes, available in MetaTrader platforms
Yes, with limited customization
Stop Limit Orders
Yes, fully available
Yes, available for stocks and options
Data Subscriptions
Free real-time data for Forex
Paid real-time data for stocks and ETFs (free on basic)
Pre- and After-Market Trading
Not available
Yes, available for stocks
Investor Forums and Community
Yes, active forums and community for Exness traders
Not a major focus, but offers online communities and forums
Security of Funds
Segregated accounts, negative balance protection
Segregated accounts, CIPF protection
Proprietary Platform
No, uses MetaTrader
Yes, Questrade IQ Edge as proprietary
Leaderboard Features for Traders
Available through Exness Social Trading
No leaderboard features
Multiple Login Sessions
Yes, allows multiple logins on different devices
Yes, allows multiple logins on web, desktop, and mobile
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