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 |
