Is Axi a better overall choice than Questrade?

According to our independent rating system, Axi scores higher overall at 3.6 out of 5 compared to Questrade's 3.3 out of 5. Axi's advantage comes largely from its stronger dual regulation, zero minimum deposit, and wider market access, though your ideal choice ultimately depends on your specific trading goals and preferred asset classes.

Which broker charges lower trading fees, Axi or Questrade?

Both brokers advertise spreads starting from 0 pips, making headline pricing comparable. However, their commission structures differ significantly, with Axi charging $3.5 per lot and Questrade charging $0.01 per lot, so the better deal depends heavily on your trading volume and instrument focus.

How much money do I need to start trading with Axi versus Questrade?

Axi requires no minimum deposit at all, making it highly accessible for new or budget-conscious traders. Questrade requires a $1,000 minimum deposit, which is a considerably higher barrier to entry for those just starting out.

Which broker offers stronger regulatory protection?

Axi is regulated by both ASIC and the FCA, two respected tier-1 financial regulators, giving it broader regulatory coverage. Questrade operates under a single SEC registration, which is credible but offers less regulatory diversification than Axi's dual-licence structure.

What trading platforms are available on Axi and Questrade?

Axi offers the widely-used MetaTrader 4 platform alongside its own proprietary mobile app, appealing to traders who want third-party tool compatibility. Questrade instead offers a proprietary web platform paired with a proprietary mobile app, favoring an integrated in-house experience over third-party software.

Which broker provides higher leverage for active traders?

Axi offers substantially higher leverage of up to 1:500, appealing to active forex and CFD traders who want greater buying power per margin dollar. Questrade caps leverage at just 1:3, reflecting its more conservative, equities-focused brokerage model.

Can I trade cryptocurrencies with either of these brokers?

Axi supports crypto trading alongside forex, CFDs, stocks, indices, and commodities, giving it a notably wider asset selection. Questrade's market offering covers stocks, forex, indices, and commodities, but does not include cryptocurrency trading based on our research.

Is it possible to maintain accounts with both Axi and Questrade at the same time?

Yes, there is nothing preventing you from opening accounts with both brokers simultaneously. Many traders intentionally diversify across multiple platforms to access different markets, leverage options, and trading tools depending on their strategy.

Which broker has been operating longer, Axi or Questrade?

Questrade has the longer operating history, having been founded in 1999 in Toronto, Canada. Axi was founded later in 2007 and is headquartered in Sydney, Australia, though it has still built a strong reputation through its dual tier-1 regulatory licences.

Reviewed by Experts Updated 9/12/2026

Axi vs Questrade: Which Broker Wins in 2026?

Axi and Questrade serve very different types of traders, but only one comes out on top in our independent rating. Axi scores 3.6/5 versus Questrade's 3.3/5, driven by stronger regulation, lower entry costs, and broader market access. Here's the full breakdown.

OVERALL WINNER

Axi

3.6 / 5Score: 3 / 4

Zero minimum deposit meets dual tier-1 regulation and up to 1:500 leverage.

Min deposit: $0
Max leverage: 1:500
Spread from: 0 pips
Regulators: ASIC, FCA

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Questrade

3.3 / 5Score: 1 / 4

A long-established North American brokerage built around proprietary web and mobile trading tools.

Min deposit: $1000
Max leverage: 1:3
Spread from: 0 pips
Regulators: SEC

Overall Winner

Axi

Best for Beginners

Axi

Lowest Fees

Axi

Top Regulation

Axi

Full comparison Fees & Accounts Pros & cons Verdict Summary FAQ

Side-by-side comparison

Core features compared head-to-head.

Feature	A Axi	Q Questrade
Overview
Rating	3.6 / 5	3.3 / 5
Founded	2007	1999
Headquarters	Sydney, Australia	Toronto, Canada
Regulation	ASIC, FCA	SEC
Fees & Limits
Min Deposit	$0	$1000
Spreads From	0 pips	0 pips
Commission	$3.5/lot	$0.01/lot
Max Leverage	1:500	1:3
Platforms & Markets
Trading Platforms	MT4, Proprietary Mobile	Proprietary Web, Proprietary Mobile
Markets Offered	Forex, Cfd, Stocks, Indices, Commodities, Crypto	Stocks, Forex, Indices, Commodities

Pros & cons

Axi

Pros

Higher overall rating of 3.6/5 in our independent assessment
No minimum deposit required to open an account
Access to leverage up to 1:500 for eligible instruments
Backed by two tier-1 regulators, ASIC and FCA
Broader market access spanning six asset classes
Industry-standard MT4 platform with strong community and tool support
No deposit or withdrawal fees

Cons

Only one third-party platform option (MT4) without MT5 or cTrader listed
Commission of $3.5/lot may be less appealing to high-volume equity traders
High leverage of 1:500 carries increased risk for inexperienced traders
Founded more recently (2007) compared to some legacy brokers
Single-region headquarters in Sydney may concern traders wanting local offices elsewhere

Questrade

Pros

More established brokerage with roots dating back to 1999
Very low per-lot commission of $0.01
No deposit or withdrawal fees
Solid proprietary platform ecosystem across web and mobile
Regulated by the SEC, a well-recognized financial authority

Cons

Lower overall rating of 3.3/5 in our independent assessment
Higher $1,000 minimum deposit creates a barrier for beginners
Leverage capped at just 1:3, limiting flexibility for active traders
Only a single regulatory licence (SEC) compared to competitors
No MT4 or MT5 support for traders wanting third-party platforms

Our expert verdict

Editor's verdict

Overall winner Axi

Lowest fees Axi

Best regulation Axi

Better for beginners Axi

Axi is our recommended pick overall, earning 3.6/5 on our proprietary rating scale compared to Questrade's 3.3/5. Axi wins on regulatory strength with dual tier-1 licensing from ASIC and FCA, requires no minimum deposit, and offers significantly higher leverage for forex and CFD traders. Questrade remains a credible alternative for traders specifically focused on North American equities markets, but for the broader trading population, Axi delivers the stronger all-round package.

Regulation & Safety

Regulation is one of the sharpest points of separation between these two brokers. Axi is licensed by both the Australian Securities and Investments Commission (ASIC) and the UK's Financial Conduct Authority (FCA), two of the most respected tier-1 regulatory bodies in the world.

Questrade, by contrast, operates under a single SEC registration in the United States. While the SEC is a credible regulator, holding only one licence gives Questrade less regulatory diversification than Axi's dual-jurisdiction setup.

For traders who prioritize fund safety and oversight breadth, Axi's two tier-1 licences provide a meaningfully stronger safety net. This is a key reason Axi takes our award for best regulation in this matchup.

Account Costs & Minimum Deposit

Cost of entry is another area where Axi pulls ahead decisively. Axi requires no minimum deposit at all, making it immediately accessible to traders with limited starting capital or those who want to test the platform before committing significant funds.

Questrade, on the other hand, requires a $1,000 minimum deposit, a substantial barrier for beginners or casual traders exploring the market for the first time.

Neither broker charges deposit or withdrawal fees, which is a welcome consistency across both platforms. However, the stark difference in upfront capital requirement makes Axi the clear winner for accessibility.

Spreads, Commissions & Trading Costs

Both brokers advertise spreads starting from 0 pips, so headline pricing looks competitive on both sides. The real differentiator lies in the commission structure layered on top of those spreads.

Axi charges a flat $3.5 per lot commission, a standard structure for forex and CFD-focused trading accounts. Questrade charges a much lower $0.01 per lot, though this reflects its focus on equities and different account mechanics rather than a direct forex-style comparison.

Traders should weigh these commission models against their actual trading style, since a forex-heavy trader may find Axi's structure more transparent and predictable, while an equities-focused trader may lean toward Questrade's fee model.

Leverage & Market Access

Leverage is where Axi's forex-and-CFD-first design becomes most obvious. Axi offers leverage up to 1:500, giving active forex and CFD traders substantially more buying power per dollar of margin.

Questrade caps leverage at just 1:3, reflecting its positioning as a more conservative, equities-oriented brokerage rather than a leveraged trading specialist.

On market breadth, Axi supports Forex, CFDs, Stocks, Indices, Commodities, and Crypto — a notably wider spread of asset classes than Questrade's Stocks, Forex, Indices, and Commodities offering. Traders wanting crypto exposure or CFD flexibility will find Axi the more complete solution.

Trading Platforms & Tools

Axi supports the industry-standard MetaTrader 4 (MT4) alongside its own proprietary mobile app, giving traders access to one of the most widely trusted and heavily customizable trading terminals in the retail trading world.

Questrade instead relies on a proprietary web platform paired with its own mobile app, foregoing third-party platform compatibility in favor of an in-house ecosystem.

For traders who value MT4's expert advisors, custom indicators, and broad community support, Axi's platform lineup offers more flexibility. Questrade's proprietary approach may suit traders who prefer an integrated, simplified experience without needing third-party platform familiarity.

Our Verdict

When weighing regulation, cost of entry, leverage, market access, and platform flexibility together, Axi comes out ahead in our overall rating at 3.6/5 versus Questrade's 3.3/5. Axi's zero minimum deposit, dual tier-1 regulation, and broader asset selection make it the stronger choice for the majority of traders.

Questrade still holds relevance for traders anchored to North American equities or who prefer a single-regulator, web-based brokerage experience, and its longer operating history since 1999 offers some added institutional pedigree.

Ultimately, unless your trading needs are narrowly focused on Questrade's specific strengths, Axi's more accessible, better-regulated, and more versatile package makes it our recommended pick in this comparison.

Verdict summary

The bottom line — category winners and our final pick based on ratings.

Editor's verdict

Axi wins overall

Axi edges out Questrade overall based on our expert rating score.

Highest Rated

Axi

3.6 / 5 / 5

Visit Axi

Category winners

Overall winner
Based on overall expert rating (3.6/5).
Axi
Better for beginners
Stronger onboarding and educational resources.
Axi
Lower trading costs
More competitive spreads and baseline commissions.
Axi
Stronger regulation
Higher trust based on tier-1 regulatory oversight.
Axi

Frequently asked questions

Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.