Questrade
XM
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders and investors focusing on the Canadian and US markets
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Canada
Cyprus
Fees
Low trading and non-trading fees, low stock and ETF fees
Average trading and non-trading fees, low CFD 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
2
10
Deposit type
Withdrawal type
Account opening
$1000
$5
1 day
1 day
Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
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.
Disclaimer: 74.89% 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.
Research, education
Great
Mid-range
Customer service
Security
CAD 1 million
€20,000 for EEA residents, no protection for others
1999
2009
Canada
Cyprus, Australia, Belize, United Arab Emirates
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.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Questrade's service is on par with XM's and a comparison of their fees shows that Questrade's fees are slightly higher than XM's.
Account opening takes more effort at Questrade compared to XM, deposit and withdrawal processes are more complicated at Questrade, while customer service quality is similar to XM's.
Our experts rated the trading platform of Questrade as somewhat better than the platform of XM, found that clients have access to more markets and products with Questrade, while XM provides just about the same quality of research and education.