Questrade Forex Broker

Name of the Company Questtrade, Inc
Established in 1999
Online since 1999
International Offices in Canada
Payment Methods Check, Wire Transfer
Demo Accounts and Platforms QuestradeFX PRO, QuestradeFX, QuestraderELITE, QuestraderPRO, QuestraderWEB
Account currencies Canadian Dollar, United States Dollar
Regulated and Registered by IIROC
Are US Traders Allowed? No
Languages in which website is available? Chinese, English
Languages in which Support is available? Chinese, English, French
Different Support methods Email, Live Chat, Phone, Office
 Types of Account (micro standard executive islamic) Individual
Minimum account size $1,000
Minimum position size 0.1 lot
Type of Spread Fixed
Minimum spread on EUR/USD, pips 1.6 Pip
Is Scalping Allowed Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex- 1:200, Gold & Silver – 1:100, Stocks – 1:100, Options- 1:100
Real Trading platforms QuestradeFX PRO, QuestradeFX, QuestraderELITE, QuestraderPRO, QuestraderWEB
Digits after the dot in quotes 4
Total Number of currency pairs 39
Is Free education available? Yes
Is Hedging allowed? Yes
Do they have Pending orders? Yes
Is One-click trading option available? Yes
Browser-based platform present? Yes

logo_questradeQuestRade Inc was founded in the year 1999 and they started their online trading service which was based on internet the very same year. They have their office in Canada and are regulated by IIROC a financial regulating authority in Canada. The other services offered by the company include free educational materials to the traders which include webinars, tutorials and videos. Pending orders, one click trading and browser based platform are some more features.  The payment methods are very less and include only check and wire transfers. The currencies allowed in the trader’s account include United States Dollar and Canadian Dollar. They do not allow traders from United States to trade from their account. Their website is very informative and is available in Chinese and English whereas the customer supports service is available in Chinese, English and French. The customer support service is excellent and the support staffs are well trained to be friendly and resolve any issue related to trade. They can be reached via email, phone, live chat and office.

The demo account is also offered to the clients and is for free. They have in house trading platforms and have sole proprietorship for the same. The trading platforms include Questrade FX Pro, QuestradeFX, QuestraderELITE, QuestraderPRO and QuestraderWEB. The platform is loaded with a lot of features which help the trade easily and also make maximum profit. The account offered by the company is just the Individual account and the minimum deposit required to open an account with them is $1000. The minimum trade size is 0.1 lots and the spread on the trade is fixed so that the trader knows the cost of it before placing the order. They allow the use of scalping during the trade, hedging is also allowed. They offer 39 currency pairs to trade in and it includes all the major pairs.

The reviews have become the latest means of finding about a company and its performance in the market. The reviews for Questrade forex is quite positive and the most liked feature of the company is its in house trading platform which is very fast and also helps in making the trade successful. They offer a wide variety of trading instruments and the maximum leverage on them is 1:200 and is liked by many traders who do not only like trading forex. It being a regulated company is also liked by many traders. They allow scalping and is loved by the traders who like making profit through it. A few cons mentioned in the reviews are that they have very limited payment options and it hampers in smooth transfer of funds. Secondly, the minimum deposit required to open an account with them is $100 which is very high and is difficult for small traders to open an account with them. They do not allow traders from United States to trade and is also a concern for a few. However, the overall review is pretty good and the average rating given to them is 5.6 out of 10.

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