City Index
Questrade
Basic data of broker
Recommended for Forex and CFD traders looking for low forex fees and great research tools
Recommended for Traders and investors focusing on the Canadian and US markets
UK
Canada
Fees
Low trading and average non-trading fees, high stock CFD fees
Low trading and non-trading fees, low stock and ETF fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
3
2
Deposit type
Withdrawal type
Account opening
$0
$1000
1 day
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement
Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals
Trading platform
Markets and products
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
£85,000 for clients under FCA, no investor protection for other clients
CAD 1 million
1983
1999
UK, Australia, Singapore
Canada
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
City Index's service is on par with Questrade's and a comparison of their fees shows that City Index's fees are similar to Questrade's.
Account opening takes less effort at City Index compared to Questrade, deposit and withdrawal processes are more seamless at City Index, while customer service quality is somewhat lower than Questrade's.
Our experts rated the trading platform of City Index as somewhat worse than the platform of Questrade, found that clients have access to less markets and products with City Index, while Questrade provides somewhat better research and education.
More alternatives to City Index and Questrade