Comparison of Alvexo and Questrade
| Feature | Alvexo | Questrade |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 1999 |
| Broker Type | STP | DMA |
| Dealing | A-book | A‑book |
| Execution | Market | Market |
| Regulation | SFSA | CIRO |
| Platforms | Alvexo WebTrader, Mobile | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:400 | 1:20 |
| Minimum Deposit | $500 | $250 |
| Base Currencies | USD, EUR | CAD, USD |
| Funding Methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
| Inactivity Fee | Tiered up to $2 500/mo after 30 days idle | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | CIPF |
| Protection Size | - | CAD 1000000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Commodities, Cryptocurrencies, Bonds | Stocks, ETFs, Options, Mutual Funds, Bonds, Precious Metals, Forex, CFDs |
| Review | Alvexo Review | Questrade Review |
About Alvexo
Founded in 2014, Alvexo is a multi-asset CFD broker regulated by the Seychelles FSA. Traders get 450+ instruments across FX, stocks, indices, commodities and crypto, plus a proprietary WebTrader and full-featured mobile app. Four live account tiers (Classic to Elite) offer progressively tighter spreads and higher leverage. Education is a key focus: Alvexo Plus delivers daily signals, webinars and market commentary. Despite strong education and platform choice, entry costs are steep: the Classic account starts at $500 and spreads from 2.9 pips; meaningful price-quality improvements demand deposits of $10 000+. A $100 inactivity fee kicks in after one month, and overall pricing is less competitive than top-tier STP brokers.
Pros
- 450+ tradable instruments and multi-asset coverage
- Rich education and daily trading signals
Cons
- High minimum deposits for better pricing
- Wide spreads on Classic account
- Monthly inactivity fee after 1 month
- Offshore FSA licence
- No cent or PAMM/MAM accounts
About Questrade
Questrade is Canada’s leading discount broker, founded in 1999. Regulated by CIRO and protected by CIPF, it lets Canadian residents trade stocks, ETFs, options, bonds and 110+ forex pairs from a single account. With commission‑free equity trades, spreads from 0.8 pips on FX and advanced Questrade Edge platforms, it appeals to both long term investors and active traders.
Pros
- Commission‑free stock & ETF trades
- 110+ FX pairs with tight 0.8 pip targets
- Advanced Questrade Edge desktop and web platforms
- CIPF protection plus extra private insurance
- Fractional shares and wide range of registered accounts
Cons
- Accounts available to Canadian residents only
- No direct crypto trading (ETFs only)
- No negative‑balance protection
- Limited funding methods for non‑bank transfers
Alvexo & Questrade Regulation
| Feature | Alvexo | Questrade |
|---|---|---|
Companies | HSN Capital Group Ltd | Questrade, Inc., Questrade Wealth Management Inc. |
Countries | Seychelles | Canada |
Regulators | SFSA | CIRO |
Investor Protection | - | CIPF |
Investor Protection Size | - | CAD 1000000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alvexo | Questrade |
|---|---|---|
Market Maker Account | ||
| Account Name | Classic | — |
| Min Deposit | $500 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 2.9 | — |
| Fee | No | — |
| Max Leverage | 1:100 | — |
| Stop Out | 40% | — |
| Margin Call | 75% | — |
STP Account | ||
| Account Name | Gold | — |
| Min Deposit | $10 000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 2.2 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 35% | — |
| Margin Call | 75% | — |
DMA Account | ||
| Account Name | — | FX & CFD |
| Min Deposit | — | $250 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.8 |
| Fee | — | No |
| Max Leverage | — | 1:20 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Alvexo | Questrade |
|---|---|---|
Base currencies | USD, EUR | CAD, USD |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
Inactivity fee | Tiered up to $2 500/mo after 30 days idle | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alvexo | Questrade |
|---|---|---|
Trading Platforms | Alvexo WebTrader, Mobile | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
Execution Speed | - | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Assets
| Asset | Alvexo | Questrade |
|---|---|---|
Currencies | 58 | 110 |
Indices | 15 | 15 |
Stocks | 330 | 8000 |
Cryptocurrencies | 22 | 0 |
Bonds | 2 | 100 |
Metals | 5 | 10 |
Energies | 5 | 5 |
Soft Commodities | 4 | 0 |
ETFs | 12 | 3000 |
Education and Analytics
| Feature | Alvexo | Questrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alvexo | Questrade |
|---|---|---|
Email | support@alvexo.com | support@questrade.com |
Phone | +41449746327 | +18887837866 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Which Broker is Better?
After comparing Alvexo and Questrade, Questrade comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.