Comparison of OANDA and Questrade
| Feature | OANDA | Questrade |
|---|---|---|
| Broker | ||
| Year Founded | 2001 | 1999 |
| Broker Type | STP | DMA |
| Dealing | A-book | A‑book |
| Execution | Market | Market |
| Regulation | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | CIRO |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:200 | 1:20 |
| Minimum Deposit | $1 | $250 |
| Base Currencies | USD, EUR, AUD, CHF, SGD, HKD | CAD, USD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
| Inactivity Fee | $10 per month after 12 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) | CIPF |
| Protection Size | £85 000 | CAD 1000000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Stocks, ETFs, Options, Mutual Funds, Bonds, Precious Metals, Forex, CFDs |
| Review | OANDA Review | Questrade Review |
About OANDA
OANDA is a globally recognized forex broker with a solid reputation for providing robust trading platforms and tools tailored to both beginner and professional traders. Established in 2001, OANDA has consistently positioned itself as a trusted broker, offering a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker is known for its user-friendly interface, competitive spreads, and advanced analytical tools, making it a popular choice among traders seeking reliable market access. OANDA is regulated by top-tier authorities like the CFTC, FCA, and ASIC, ensuring a high level of trust and transparency in its operations.
Pros
- Regulated by top-tier authorities (CFTC, FCA, ASIC)
- Competitive spreads and reliable pricing
- Access to both MetaTrader 4 (MT4) and a proprietary platform
- User-friendly trading interface suitable for beginners
- Comprehensive educational resources and market analysis tools
- A wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- No minimum deposit requirement for most accounts
- Strong focus on transparency and customer support
Cons
- Limited account types compared to some competitors
- Some advanced tools may require additional subscriptions
About Questrade
Questrade is Canada’s leading discount broker, founded in 1999. Regulated by CIRO and protected by CIPF, it lets Canadian residents trade stocks, ETFs, options, bonds and 110+ forex pairs from a single account. With commission‑free equity trades, spreads from 0.8 pips on FX and advanced Questrade Edge platforms, it appeals to both long term investors and active traders.
Pros
- Commission‑free stock & ETF trades
- 110+ FX pairs with tight 0.8 pip targets
- Advanced Questrade Edge desktop and web platforms
- CIPF protection plus extra private insurance
- Fractional shares and wide range of registered accounts
Cons
- Accounts available to Canadian residents only
- No direct crypto trading (ETFs only)
- No negative‑balance protection
- Limited funding methods for non‑bank transfers
OANDA & Questrade Regulation
| Feature | OANDA | Questrade |
|---|---|---|
Companies | OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A. | Questrade, Inc., Questrade Wealth Management Inc. |
Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Canada |
Regulators | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | CIRO |
Investor Protection | UK Financial Services Compensation Scheme (FSCS) | CIPF |
Investor Protection Size | £85 000 | CAD 1000000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
OANDA
OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A.
Questrade
Questrade, Inc., Questrade Wealth Management Inc.
Countries
OANDA
United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Questrade
Canada
Regulators
OANDA
NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF
Questrade
CIRO
Investor Protection
OANDA
UK Financial Services Compensation Scheme (FSCS)
Questrade
CIPF
Investor Protection Size
OANDA
£85 000
Questrade
CAD 1000000
Publicly Traded
OANDA
Questrade
Segregated Accounts
OANDA
Questrade
Guaranteed Stop Loss
OANDA
Questrade
Negative Balance Protection
OANDA
Questrade
Account Types
| Account | OANDA | Questrade |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.5 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
DMA Account | ||
| Account Name | — | FX & CFD |
| Min Deposit | — | $250 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.8 |
| Fee | — | No |
| Max Leverage | — | 1:20 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
OANDA
Standard
Questrade
—
Min Deposit
OANDA
$1
Questrade
—
Lot Size
OANDA
0.01
Questrade
—
Spread Type
OANDA
Floating
Questrade
—
Execution
OANDA
Market
Questrade
—
Min Spread
OANDA
0.5
Questrade
—
Fee
OANDA
No
Questrade
—
Max Leverage
OANDA
1:200
Questrade
—
Stop Out
OANDA
50%
Questrade
—
Margin Call
OANDA
100%
Questrade
—
DMA Account
Account Name
OANDA
—
Questrade
FX & CFD
Min Deposit
OANDA
—
Questrade
$250
Lot Size
OANDA
—
Questrade
0.01
Spread Type
OANDA
—
Questrade
Floating
Execution
OANDA
—
Questrade
Market
Min Spread
OANDA
—
Questrade
0.8
Fee
OANDA
—
Questrade
No
Max Leverage
OANDA
—
Questrade
1:20
Stop Out
OANDA
—
Questrade
50%
Margin Call
OANDA
—
Questrade
80%
Additional Features
Demo Account
OANDA
Questrade
VIP Account
OANDA
Questrade
Swap-Free Account
OANDA
Questrade
Copy Trading
OANDA
Questrade
VPS
OANDA
Questrade
PAMM/MAM Accounts
OANDA
Questrade
Funding and Fees
| Feature | OANDA | Questrade |
|---|---|---|
Base currencies | USD, EUR, AUD, CHF, SGD, HKD | CAD, USD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
Inactivity fee | $10 per month after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
OANDA
USD, EUR, AUD, CHF, SGD, HKD
Questrade
CAD, USD
Deposit and withdrawal methods
OANDA
Bank Wire, Credit Card, Debit Card, Neteller, Skrill
Questrade
Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit
Inactivity fee
OANDA
$10 per month after 12 months
Questrade
Interest on margin
OANDA
Questrade
Withdrawal fee
OANDA
Questrade
Trading Platforms and Conditions
| Feature | OANDA | Questrade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
Execution Speed | 12 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
OANDA
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade
Questrade
Questrade Edge, Questrade Trading, QuestMobile, Questrade Global
Execution Speed
OANDA
12 ms
Questrade
10 ms
Scalping
OANDA
Questrade
Expert Advisors (EAs)
OANDA
Questrade
Depth of Market (DOM)
OANDA
Questrade
Spread
OANDA
low
Questrade
low
Trading Assets
| Asset | OANDA | Questrade |
|---|---|---|
Currencies | 48 | 110 |
Indices | 18 | 15 |
Stocks | 1607 | 8000 |
Cryptocurrencies | 18 | 0 |
Bonds | 0 | 100 |
Metals | 3 | 10 |
Energies | 3 | 5 |
Soft Commodities | 4 | 0 |
ETFs | 0 | 3000 |
Currencies
OANDA
48
Questrade
110
Indices
OANDA
18
Questrade
15
Stocks
OANDA
1607
Questrade
8000
Cryptocurrencies
OANDA
18
Questrade
0
Bonds
OANDA
0
Questrade
100
Metals
OANDA
3
Questrade
10
Energies
OANDA
3
Questrade
5
Soft Commodities
OANDA
4
Questrade
0
ETFs
OANDA
0
Questrade
3000
Education and Analytics
| Feature | OANDA | Questrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
OANDA
Questrade
Indicators
OANDA
Questrade
Robots
OANDA
Questrade
Signals
OANDA
Questrade
Autochartist
OANDA
Questrade
Expert Analytics
OANDA
Questrade
News Feed
OANDA
Questrade
Education Articles
OANDA
Questrade
Webinars
OANDA
Questrade
Seminars
OANDA
Questrade
Customer Support
| Contact | OANDA | Questrade |
|---|---|---|
Email | frontdesk@oanda.com | support@questrade.com |
Phone | +442031512050 | +18887837866 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Email
OANDA
Questrade
Phone
OANDA
Questrade
TikTok
OANDA
—
Questrade
Which Broker is Better?
After comparing OANDA and Questrade, OANDA comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
OANDA Comparisons
Questrade Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.