MetaTrader 5 vs. Questrade

Questrade

Overview
Product	Rating	Most Used By	Product Summary	Starting 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 3.2 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
Top Pros	Pro Real time Pro Time data Pro Real time data	Pro User interface Pro Monthly reports Pro Excellent user interface
Top Cons	Minus User friendly Minus Lot of features	Minus Single page Minus Customer service Minus Dark mode

Best Alternatives
	MetaTrader 5	Questrade
Small Businesses	Coinbase Score 8.0 out of 10	Coinbase Score 8.0 out of 10
Medium-sized Companies	Coinbase Score 8.0 out of 10	Coinbase Score 8.0 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 (2 ratings)	2.3 (4 ratings)

User Testimonials
	MetaTrader 5	Questrade
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. Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	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. RM Rajat Miglani Test Lead Read full review
Pros	HYCM MetaTrader 5 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	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. Incentivized Verified User Anonymous Read full review
Cons	HYCM MetaTrader 5 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	Questrade, Inc Better charts within the app. Dark mode setting. Setting self Limits to margin investing. Incentivized Michael Levitt Chief Burnout Officer Read full review
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. Incentivized Neeraj Kumar Gupta DevOps Architect Read full review	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. Incentivized Verified User Anonymous Read full review
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 Incentivized RM Rajat Miglani Test Lead Read full review	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!!! Verified User Anonymous Read full review
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