Fortrade vs Questrade: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeFortradeQuestrade
Licence Score71Strong60Moderate
Strongest licence 1 Tier 1 1 Tier 1
Licences on record41
1 FCA United Kingdom Licensed—
1 ASIC Australia Licensed—
1 CIRO Canada LicensedLicensed
2 CySEC Cyprus Licensed—
Founded20131999
HeadquartersUnited KingdomCanada
TypeForex & CFD brokerMulti-asset broker
Publicly listedNoNo
PlatformsProprietary, MT4Proprietary, MT4
Minimum depositUS$100—
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Frequently asked questions

Is Fortrade or Questrade better regulated?

Fortrade has the higher Licence Score (71 vs 60), based on the number and tier of licences, operating history and public listing.

Which regulators license both Fortrade and Questrade?

Both are matched to licences from CIRO.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.