MetaTrader 5 vs. Questrade

Questrade

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
MetaTrader 5	Score 6.1 out of 10	N/A	Henyep Capital Markets (HYCM) & MetaTrade are FCA and CySEC-regulated market leader in providing online FX and CFD trading to retail and institutional investors. HYCM is part of the Henyep Group, an international conglomerate with business in financial services, property, education and charity spanning 20 countries across 3 continents.	N/A
Questrade	Score 2.5 out of 10	N/A	Based in Toronto, Questrade offers solutions for investors with self-directed investing and Questwealth Portfolios, presented as intelligent, lower fee portfolios designed by experts to help the user achieve financial goals.	N/A

Pricing

MetaTrader 5

Questrade

Editions & Modules

No answers on this topic

Offerings

Pricing Offerings
MetaTrader 5	Questrade
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

Additional Details

Fixed---Fixed Spreads from 1.8 pips ("percentage in point")----No Commission/ Classic--Variable Spreads from 1.2 pips (percentage in point)--No Commission/ Raw--Raw Spreads from 0.2pips (percentage in point) + $4 per round/

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More Pricing Information

Community Pulse
	MetaTrader 5	Questrade
Considered Both Products	MetaTrader 5 Neeraj Kumar Gupta DevOps Architect Chose MetaTrader 5 1. Better in terms of investor accounting and investor reporting management. 2. Easy to use and setup and better in terms of decision making with algorithmic charts. 3. Better in terms of pricing overall a good and well recommended product to use for all sorts of trading and … Incentivized Helpful?	Questrade Verified User Anonymous Chose Questrade I have used WealthSimple before, and I can say that Questrade is just a bit more intuitive for me. It's catered for beginners, but also has additional features for those who are a bit more advanced. Questrade is a flexible platform that allows you to create and track various … Incentivized Helpful? Michael Levitt Chief Burnout Officer Chose Questrade Robinhood is not available in Canada. Incentivized Helpful?

Best Alternatives
	MetaTrader 5	Questrade
Small Businesses	Coinbase Score 9.0 out of 10	Coinbase Score 9.0 out of 10
Medium-sized Companies	Coinbase Score 9.0 out of 10	Coinbase Score 9.0 out of 10
Enterprises	No answers on this topic	No answers on this topic
All Alternatives	View all alternatives	View all alternatives

User Ratings
	MetaTrader 5	Questrade
Likelihood to Recommend	8.4 (0 ratings)	1.7 (0 ratings)

User Testimonials
	MetaTrader 5	Questrade
Likelihood to Recommend	Using it to generate the Trading and Investing signals with the integration for my trading strategies Incentivized RM Rajat Miglani Test Lead Read full review	It helps me in managing my Canadian portfolio which includes stock-specific investments and ETFs as well. They charge no commission or very little commission on some specific trade. RM Rajat Miglani Test Lead Read full review
Pros	forex trading analysis and charts with better time intervals better user interface trading based on AI and algorithms Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	Tracking investments Alerts P & L Incentivized Michael Levitt Chief Burnout Officer Read full review
Cons	support can be better reachability is troublesome due to heavy user base security is the biggest issue and lacks trust Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	They can reduce the pricing a bit. They Should expand their reach to other geographies as well. For Bond Market minimum cap is on the higher side, can be reduced. RM Rajat Miglani Test Lead Read full review
Alternatives Considered	1. Better in terms of investor accounting and investor reporting management. 2. Easy to use and setup and better in terms of decision making with algorithmic charts. 3. Better in terms of pricing overall a good and well recommended product to use for all sorts of trading and forex, hedge etc. Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	I have used WealthSimple before, and I can say that Questrade is just a bit more intuitive for me. It's catered for beginners, but also has additional features for those who are a bit more advanced. Questrade is a flexible platform that allows you to create and track various types of portfolios, create and track various types of strategies, etc. By far the superior choice in my opinion. Incentivized Verified User Anonymous Read full review
Return on Investment	it helped in better decision making while forex trading helped in clear understanding and easy guides on how to use this platform for trading security and trust is the big negative for us, where anyone can claim wrong profits overall it helped us in better returns on our investments, better than MT4 Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	In my experience, Questrade has delayed me for months! I feel it's a waste of time I don't know how they deserve such high ratings, maybe they buy marketing and reviewers. In my opinion, don't buy into their sales pitch!!! Verified User Anonymous Read full review
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