XM vs questrade, Updated for 2025

Compare XM vs questrade

Each online trading platforms feature some pros and cons, so any comprehensive analysis of XM vs questrade cannnot be regarded as thorough without having an objective perspective.

Assess questrade and XM in order to understand how these platforms compare against each other before you decide to create an account. Performing a comparative analysis will bring aspects into perspective so that you are aware of what you should anticipate.

So you are looking for an online trading platform and are choosing between XM or questrade. Who should you choose?

Our XM vs questrade comparison contains the most recent information so you can easily compare questrade against XM.

If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who'll be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. XM and questrade are just two such companies which will take you and your investment to great heights. It's crucial that you compare XM vs questrade until you trust them with your money.

Our XM vs questrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and questrade side by side.

Our full XM vs questrade Review covers all you need to know about trading using either XM or questrade. A fantastic broker can multiply your initial investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.

XM and questrade are both brokers that have found their way successfully into the broker world. Within this review, we've attempted to collate a number of the important facets of both XM and questrade. This review can allow you to understand whether either questrade or XM is a fantastic fit for your own investments or not. We've tried to breakdown all of the features and charges for your advantage.

Benefits of XM and questrade Compared

XM has a minimum deposit of $5 while questrade has a $250 minimum deposit.

Why smaller minimum deposits are good and how XM and questrade compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

XM allows you to trade around 100 financial instruments while questrade has around 100 financial instruments available.

The more financial instruments you can trade on the XM and questrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of XM or questrade.

XM and questrade Contact Details

Being able to contact an online trading platform simply is important. XM and questrade have the following contact details and social medias that you can use.

questrade and XM Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this part of our comparison of XM and questrade we'll check whether either of their mobile apps tick all the boxes.

Overall, we rate the user-friendliness of the apps as Better than the average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

XM vs questrade - Awards

XM vs questrade - Frequently Asked Questions

XM vs questrade - Headquarters And Year Of Founding

XM was founded in 2009 and has its head office in Cyprus.

questrade was founded in 2019 and has its headquaters in New Zealand.

What is the minimum deposit for questrade or XM

The minimum deposit for XM is $5.

The minimum deposit for questrade is $250.

Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and questrade are a good option.

XM vs questrade - Regulation And Licencing In More Detail

XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

questrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F298.

Both XM and questrade have a powerful collection of rules for ensuring fair trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

As per their privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare XM vs questrade Commission And Fees

XM and questrade are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily influenced by the number of customers they have.

However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this objective.

The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you are paying a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are billed when you hold a leveraged position for more than daily.

Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.

Generally, neither XM or questrade charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly trade, such as daily or weekly trading.

However, non-trading fees charged by XM and questrade are comparatively higher. Consequently, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of resources.

This XM vs questrade review for 2025 breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees For XM And questrade

What Languages Do XM And questrade Support?

Being able to communicate easily with your online platform is a key way of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.

Below you can find all the languages that both XM and questrade offer communication in.

How Many Clients Do XM and questrade Have?

Both XM and questrade are well established with their client base. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many clients XM and questrade are working with

What Payment Methods Do XM and questrade Accept?

XM and questrade both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at XM and questrade

What Can You Trade With XM and questrade?

XM offers 100 trading instruments whilst questrade offers 181.

Below you will find a full breakdown of what both XM and questrade offer.