FXOpen vs Questrade - BrokerCue
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Broker Comparison

FXOpen vs Questrade

Compare FXOpen and Questrade side by side: fees, regulation, platforms.

FXOpen

FXOpen

Experienced ECN and forex traders

FXOpen is an ECN forex and CFD broker founded in 2005, offering raw spreads from 0.0 pips across forex, indic…

VS
Questrade

Questrade

Low-cost Canadian self-directed investors

Questrade is a Canadian independent online brokerage founded in 1999, offering commission-free stocks and ETF…

Head-to-head comparison

FXOpen vs Questrade
Feature FXOpen Questrade
Minimum deposit - -
Stock trading fee Stock CFDs available; spreads apply $0 commission; ECN fees of approximately $0.0035-$0.0050 per share may apply on certain order types
Regulators FCA, CySEC CIRO, CIPF
Best for Experienced ECN and forex traders Low-cost Canadian self-directed investors
Markets & account
Stocks
ETFs
Forex
CFDs
Crypto
-
Bonds
-
Options
-
Margin
Demo Account
Multi Currency
-
Fractional Shares
-
Funds
-
Ready Made Portfolios
-

Pros & cons

FXOpen

FXOpen

Pros

  • ECN execution with raw spreads from 0.0 pips
  • Commission from $1.50 per lot on ECN accounts
  • Four trading platforms including MT4, MT5, TickTrader and TradingView
  • FCA and CySEC regulated entities
  • Demo account with up to $5,000,000 virtual funds
  • 700+ tradable instruments across forex, indices, stocks, ETFs and crypto
  • Free VPS for eligible high-volume clients
  • PAMM and copy trading available

Cons

  • Inactivity fee of $10 per month after 90 days
  • ASIC license cancelled in September 2024 due to serious regulatory concerns
  • Minimal educational content compared to larger brokers
  • Limited research tools and market analysis
  • Demo account on TradingView not available
  • Wire withdrawal fees apply on some entities
  • Fewer stocks and commodities than some competitors
Questrade

Questrade

Pros

  • $0 commission on Canadian and U.S.-listed stocks and ETFs
  • No account, maintenance or inactivity fees
  • Fractional share investing on U.S.-listed securities
  • Multiple registered account types: TFSA, RRSP, FHSA, RESP, RRIF
  • Questwealth Portfolios robo-advisor with 0.20%-0.25% management fee
  • Free electronic fund transfer withdrawals
  • Practice accounts available on Questrade Edge and Questrade Global platforms
  • Independent of Canadian big banks

Cons

  • ECN fees can apply on certain stock and ETF orders
  • Mutual fund trades cost $9.95
  • Currency conversion mark-up of approximately 2%
  • Domestic wire withdrawal costs CAD $20; international wire costs CAD $40
  • Canadian options use a per-trade plus per-contract structure
  • Fractional shares available only on U.S.-listed securities, not Canadian
  • Advanced platform features and real-time data require paid subscription tiers
FXOpen

FXOpen

FXOpen is an ECN forex and CFD broker founded in 2005, offering raw spreads from 0.0 pips across forex, indices, stocks, ETFs and crypto via MT4, MT5, TickTrader and TradingView.

Visit FXOpen Read review

Your capital is at risk. Other fees apply.

Questrade

Questrade

Questrade is a Canadian independent online brokerage founded in 1999, offering commission-free stocks and ETFs, options, bonds, managed portfolios via Questwealth, and forex/CFD trading.

Visit Questrade Read review

Your capital is at risk. Other fees apply.

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