FXCM vs Questrade 2026: Which Broker is Better?
Choosing between FXCM and Questrade depends on your trading style, preferred markets, and budget. FXCM is headquartered in London, UK, while Questrade operates from Toronto, Canada. FXCM has the longer track record, established in 1999, compared to Questrade which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FXCM
Questrade
| FXCM | Questrade | |
|---|---|---|
| BrokerRank Score | 3.7/5 ✓ | 3.3/5 |
| Min. Deposit | $50 | $1000 ✓ |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:400 ✓ | 1:3 |
| Regulation | FCA, ASIC ✓ | CIRO |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
FXCM is the better choice overall, scoring 3.7/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Questrade offers lower spreads (0 pips).
See full side-by-side comparison belowFXCM vs Questrade: Key Differences
FXCM
WinnerQuestrade
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Fees Comparison
FXCM
Questrade
Regulation & Trust
FXCM holds licences from FCA, ASIC. Questrade is regulated by SEC.
Markets & Assets
Both brokers offer access to Forex, Indices, Commodities markets. FXCM additionally covers Cfd. Questrade adds Stocks.
Fees & Spreads
On spreads, Questrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at FXCM.
Trading Platforms
FXCM supports MT4, Proprietary Web, Proprietary Mobile. Questrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
FXCM requires a minimum deposit of $50, while Questrade sets a minimum deposit of $1,000. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores FXCM at 3.66/5 and Questrade at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FXCM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
FXCM
3.7/5
Choose FXCM if you want…
- Higher overall rating (3.7/5)
- No per-trade commission
- Lower minimum deposit ($50)
- Higher leverage (up to 1:400)
Questrade
3.3/5
Choose Questrade if you want…
- Tighter spreads (from 0 pips)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both FXCM & Questrade are available in
Frequently Asked Questions
1Is FXCM better than Questrade?
FXCM scores higher overall on our independent rating system. FXCM holds a 3.7/5 rating vs Questrade's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, FXCM or Questrade?
FXCM offers spreads from 0.2 pips, while Questrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FXCM vs Questrade?
FXCM requires a minimum deposit of $50. Questrade requires $1000.
4Which broker is safer, FXCM or Questrade?
FXCM is regulated by FCA, ASIC, while Questrade holds licences from CIRO.
5What trading platforms do FXCM and Questrade support?
FXCM supports MT4, Proprietary Web, Proprietary Mobile. Questrade supports Proprietary Web, Proprietary Mobile.
6Can I use both FXCM and Questrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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