MetaTrader 5 vs. Questrade

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MetaTrader 5
Score 9.0 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 3.0 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 5Questrade
Editions & Modules
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Offerings
Pricing Offerings
MetaTrader 5Questrade
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFixed---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/
More Pricing Information
Best Alternatives
MetaTrader 5Questrade
Small Businesses
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Enterprises

No answers on this topic

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All AlternativesView all alternativesView all alternatives
User Ratings
MetaTrader 5Questrade
Likelihood to Recommend
8.4
(2 ratings)
2.1
(4 ratings)
User Testimonials
MetaTrader 5Questrade
Likelihood to Recommend
HYCM MetaTrader 5
1. it is best suited in terms of algorithmic trading, where it helps in better understanding with time intervals and easy-to-use UI . Best for forex trading. 2. Security feature is not well trusted. anyone can join, anyone can fake with screenshots and pics and can show the fake profits which are breaking the trust. There must be a system to not support these activities.
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Questrade, Inc
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.
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Pros
HYCM MetaTrader 5
  • forex trading
  • analysis and charts with better time intervals
  • better user interface
  • trading based on AI and algorithms
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Questrade, Inc
  • Easy to follow user interface.
  • Monthly reports are very detailed and contain visuals to aid in the understanding of performance.
  • Questrade has a very responsive customer support team.
  • Questrade has low fees.
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Cons
HYCM MetaTrader 5
  • support can be better
  • reachability is troublesome due to heavy user base
  • security is the biggest issue and lacks trust
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Questrade, Inc
  • Better charts within the app.
  • Dark mode setting.
  • Setting self Limits to margin investing.
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Alternatives Considered
HYCM 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 forex, hedge etc.
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Questrade, Inc
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.
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Return on Investment
HYCM MetaTrader 5
  • Gives awesome ROI on my trading and Investing Portfolio
  • Very good Client Support
  • Have Awesome Integration with Different trading Platforms, Dow Jones, and Different Markets
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Questrade, Inc
  • 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!!!
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ScreenShots