Exness vs Questrade Comparison & Reviews

FeatureExnessQuestrade
RegulationRegulated by multiple entities, including CySEC, FCA, FSCARegulated by IIROC and a member of CIPF
Account TypesStandard, Pro, Zero, Raw Spread, IslamicIndividual, Joint, Corporate, RRSP, TFSA, Margin
Minimum Deposit$1 (Standard account), $200 (Pro accounts)$1,000 CAD minimum deposit
Trading PlatformsMetaTrader 4, MetaTrader 5, Exness Trader appQuestrade Web, Questrade IQ Edge, Mobile App
InstrumentsForex, Commodities, Indices, Cryptocurrencies, StocksStocks, ETFs, Options, Forex, Mutual Funds, Bonds, GICs
LeverageUp to 1:2000 (varies by region and account type)Up to 1:3 (Forex), Leverage not available on stocks/ETFs
CommissionNo 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
SpreadsFrom 0.0 pips (Raw Spread), 0.3 pips (Standard)Variable spreads, forex spreads start around 1.8 pips
Execution SpeedMarket execution, low latency tradingMarket execution with direct market access (DMA)
Deposit MethodsCredit/Debit Cards, Bank Wire, E-wallets (Skrill, Neteller, etc.)Bank Transfer, EFT, Credit Cards, Debit Cards
Withdrawal MethodsCredit/Debit Cards, Bank Wire, E-walletsBank Transfer, EFT, Credit Cards
Withdrawal FeesNo fees for most methods (e.g., e-wallets), some fees for cardsNo fees for electronic fund transfers (EFT), wire fees $20
Customer Support24/7 multilingual support, Live chat, Phone, Email24/7 chat support, Phone, Email
Educational ResourcesWebinars, Articles, Glossary, AnalyticsWebinars, Articles, Market Research
Research ToolsEconomic Calendar, Trading Central, Sentiment AnalysisMarket research, advanced charting tools, stock screeners
Account CurrenciesMultiple currencies including USD, EUR, GBP, AUDCAD, USD
Islamic AccountsYes (swap-free accounts)Not available
Demo AccountsYes (MT4, MT5)Yes (web-based and desktop)
Order TypesMarket, Limit, Stop, Trailing StopMarket, Limit, Stop, Stop-Loss, Trailing Stop
Copy TradingYes (Social Trading platform available)No
Risk Management ToolsNegative Balance Protection, Stop Loss, Take ProfitStop Loss, Take Profit, Alerts
Supported CountriesAvailable 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 BeginnersYes, Exness Standard account is beginner-friendlyYes, simplified options available
Mobile TradingYes, via Exness Trader app, MT4/MT5 appsYes, Questrade app for iOS and Android
Fractional SharesNot availableAvailable for U.S. and Canadian stocks
Asset Classes for InvestmentForex, Cryptocurrencies, Stocks, Metals, IndicesStocks, ETFs, Forex, Bonds, Mutual Funds, Options, GICs
Copy Trading PlatformExness Social Trading appNot available
Advanced Charting ToolsAvailable via MetaTrader 4 and MetaTrader 5Advanced charting with customizable tools on Questrade IQ Edge
Trading Algorithm SupportYes, through Expert Advisors (EAs) on MetaTraderLimited support through Questrade IQ Edge API
API AccessNot available for retail tradersYes, through Questrade’s API
Account SegmentationProfessional and Standard accountsSegmented by account types: TFSA, RRSP, Margin, and others
Social Trading FeaturesYes, copy other traders' strategies (through Social Trading)No social trading features
Forex Margin RequirementDynamic margin requirement depending on leverage and region3% margin requirement for Forex
Stop-Out Level0% (for Pro accounts), 60% (for Standard accounts)100% margin call level (liquidation occurs when margin is insufficient)
Order Execution TypesInstant Execution (available for some accounts), Market ExecutionMarket Execution only
Volatility Protection SettingsYes, including setting maximum price deviationNo specific volatility protection settings
Hedging FeaturesYes, supports hedging (opening opposite positions on the same instrument)Limited hedging with options trading
Scalping AllowedYes, scalping is allowedYes, scalping is allowed
Automated TradingYes, supports automated trading with Expert Advisors (EAs)Limited automation through API
Corporate AccountsNot availableYes, corporate accounts available
Research PartnersTrading Central, AutochartistMorningstar, Market Intelligence, Benzinga
Risk Assessment ToolsSentiment indicators, Volatility indicators, Trade position sizesBuilt-in risk management tools, no sentiment indicators
Market DepthAvailable in MetaTrader 5Available on Questrade IQ Edge
Order Execution TransparencyFull transparency with execution times and slippage statisticsTransparent fee structure but limited execution stats
Level 2 DataNot availableAvailable at additional cost
Account Opening SpeedInstant account opening for most regionsTypically takes 1-2 business days
Multilingual SupportSupports over 15 languagesPrimarily English, French (in Canada)
News FeedIntegrated news in MetaTrader platform (Reuters)Integrated financial news from various sources (e.g., Reuters, Benzinga)
Stock LendingNot availableAvailable for margin accounts (via stock borrowing)
Dividend Reinvestment Plans (DRIPs)Not applicable (trading-focused)Available for eligible accounts and stocks
Payout Frequency for WithdrawalsInstant withdrawals for most methods1-3 business days depending on the method
Mobile NotificationsCustomizable alerts for price, margin calls, and news updatesReal-time price alerts, news, and order execution notifications
Tax-Advantaged AccountsNot availableAvailable (TFSA, RRSP, RESP for Canadian residents)
Custom Indicators and ScriptsYes, supports custom indicators and scripts in MetaTraderLimited, only through Questrade’s API
Access to IPOsNot availableYes, allows clients to participate in IPOs
Chart TimeframesUp to 21 timeframes in MetaTrader 5Up to 10 timeframes on Questrade IQ Edge
Advanced Order TypesMarket, Limit, Stop, Trailing Stop, One-Cancels-the-Other (OCO)Market, Limit, Stop, Trailing Stop, One-Triggers-the-Other (OTO)
Cryptocurrency TradingYes, includes major cryptos like Bitcoin, EthereumNo direct cryptocurrency trading, but allows crypto ETFs
CFD TradingYes, CFDs on Forex, Indices, Metals, CryptosYes, CFDs on Forex and certain indices
ETF TradingNo ETFs availableYes, broad range of Canadian and U.S. ETFs
Mutual Fund TradingNot availableYes, extensive mutual funds selection
Commodities TradingYes, includes Gold, Silver, OilNo direct commodity trading (ETFs available for commodities)
PAMM AccountsNoNo
Stock Market CoverageLimited to CFD trading on select global stocksFull access to U.S. and Canadian stocks
Negative Balance ProtectionYes, built-in for all accountsYes, standard on all accounts
Algorithmic TradingYes, through MetaTrader’s Expert AdvisorsLimited to users implementing algorithms through API
Market Making vs. Direct Market Access (DMA)Market MakerDirect Market Access (DMA) for stocks and options
Over-the-Counter (OTC) TradingYes, OTC assets availableNot available
Deposit BonusOccasionally offers deposit bonuses or promotionsNo deposit bonuses or promotions
Swap RatesStandard swaps apply for non-Islamic accounts (vary by asset)Overnight interest applied to margin accounts, depending on position
Spread BettingNot availableNot available
Volume DiscountsNot availableVolume rebate program for active traders (varies by volume)
MAM/PAMM Features (Money Manager Accounts)NoNo
Third-Party Signal ProvidersAvailable via MetaTrader and Exness Social TradingNot available
Slippage ControlYes, settings available to limit slippage on tradesNo specific slippage control
Weekend TradingYes, limited to cryptocurrenciesNo weekend trading available
Trading Hours24/5 for most markets, 24/7 for cryptosMarket hours for U.S. and Canadian exchanges (9:30 AM to 4 PM EST)
Real-Time Market DataYes, through MetaTrader 4/5 platformsYes, through Questrade platforms (real-time data subscriptions)
Currency Pairs100+ currency pairs available15+ currency pairs (primarily major pairs)
Spreads on Major Pairs (EUR/USD)Typically 0.1 to 0.3 pips on Pro accountsTypically 1.8 to 2.2 pips
Stock and ETF Screening ToolsNot availableYes, stock and ETF screeners for selecting investment choices
Web-Based TradingYes, via Exness Web TerminalYes, through Questrade Web and IQ Edge platforms
Social Media IntegrationLimited, primarily for education and updatesActive on platforms like Twitter, providing news and updates
Portfolio Rebalancing ToolsNot availableAvailable, manual rebalancing recommended for long-term accounts
Currency Conversion FeesNone, no conversion fees for deposits or withdrawalsYes, currency conversion applies for non-USD or non-CAD trades
Chart Patterns RecognitionAvailable through third-party tools like AutochartistNo automated chart pattern recognition, manual charting only
Cross-Border TradingYes, for international clientsYes, but mainly focused on Canadian and U.S. markets
Profit and Loss (P&L) ReportsAvailable within MetaTrader and account summaryDetailed P&L reports available with downloadable formats
Tax ReportingNot available, traders are responsible for their own taxesYes, detailed tax reporting, T5, T3, and RRSP contribution limits for Canadians
Investor CompensationNo investor compensation schemeMember of the Canadian Investor Protection Fund (CIPF), protecting up to $1 million CAD
Trailing Stop CustomizationYes, available in MetaTrader platformsYes, with limited customization
Stop Limit OrdersYes, fully availableYes, available for stocks and options
Data SubscriptionsFree real-time data for ForexPaid real-time data for stocks and ETFs (free on basic)
Pre- and After-Market TradingNot availableYes, available for stocks
Investor Forums and CommunityYes, active forums and community for Exness tradersNot a major focus, but offers online communities and forums
Security of FundsSegregated accounts, negative balance protectionSegregated accounts, CIPF protection
Proprietary PlatformNo, uses MetaTraderYes, Questrade IQ Edge as proprietary
Leaderboard Features for TradersAvailable through Exness Social TradingNo leaderboard features
Multiple Login SessionsYes, allows multiple logins on different devicesYes, allows multiple logins on web, desktop, and mobile
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