Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2014, BlackBull Markets is a privately-owned online broker, and while it isn't a bank or publicly traded company, it holds one Tier-1 license—considered highly trusted by industry standards. With a ForexBrokers.com Trust Score of 78, BlackBull Markets is categorized as having an average risk profile. In comparison, Questrade, established in 2000, also operates privately without being a bank or listed on a stock exchange. However, Questrade holds two Tier-1 licenses, enhancing its credibility and trustworthiness.
Questrade outshines BlackBull Markets in terms of trust, with a ForexBrokers.com Trust Score of 86, therefore classifying it as trusted. Although both brokers offer secure trading environments, Questrade's higher trust score and additional Tier-1 license may appeal to more risk-averse investors seeking reliable regulatory oversight.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing commissions and fees, BlackBull Markets tends to be cheaper than Questrade for forex. BlackBull Markets earns 4.5 out of 5 stars for commissions and fees and ranks #19 out of 63 brokers at ForexBrokers.com. Questrade scores 3 out of 5 stars and ranks #59. The difference shows up clearly on EUR/USD pricing.
BlackBull offers three account types. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account requires a $2,000 minimum and charges $3 per side ($6 round turn) with much lower spreads; in March 2024 the Prime account’s average EUR/USD spread was 0.16, for an all-in cost of about 0.76 pips. The ECN Institutional account is aimed at very active traders with at least $20,000, reducing commissions to $2 per side ($4 round turn). Overall, BlackBull’s costs are around the industry average, but the Prime account is the standout for tighter pricing.
Questrade’s target EUR/USD spread is 1.9 pips, which is steep versus the industry average and notably higher than BlackBull’s Prime all-in cost. If cutting forex trading costs is your goal, BlackBull Markets is likely the better fit; if you prefer a commission-free setup and accept wider spreads, Questrade may still suit your needs.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average spread (EUR/USD) - Standard account | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets vs Questrade: both earn 5 stars for Range of Investments, but they differ in breadth and features. BlackBull lists about 26,000 tradeable symbols, far more than Questrade’s 641, and supports forex trading (via CFDs or spot) with 72 currency pairs. Questrade counters with a higher count of 110 forex pairs. Both brokers let you buy exchange-traded securities on U.S. and international exchanges. Neither offers actual, delivered cryptocurrency, but both provide cryptocurrency CFDs. Copy trading is available at BlackBull Markets and not at Questrade.
For sheer variety, BlackBull Markets stands out and ranks #6 out of 63 brokers for Range of Investments, while Questrade ranks #12. Choose BlackBull if you want a very wide menu across markets and the option to copy trade; pick Questrade if having more forex pairs matters and you’re focused on traditional stock investing across U.S. and global exchanges.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 641 |
| Forex Pairs (Total) | 72 | 110 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and Questrade both provide simulated paper trading and let you trade from charts on their web and Windows desktop platforms. The key difference is platform choice: Questrade offers its own proprietary platform, while BlackBull Markets focuses on third‑party choices and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Questrade does not. If you want copy trading, BlackBull Markets has it; Questrade does not. These points can matter if you prefer MetaTrader tools or social/copy strategies versus an in‑house trading experience.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. In the category rankings out of 63 brokers, BlackBull Markets is placed #31, while Questrade is #35. Specific counts for chart indicators and watchlist columns were not provided in the data above, but the overall takeaway is clear: choose BlackBull Markets for MT4/MT5 and copy trading, or choose Questrade if you want a proprietary, broker‑built platform alongside web and desktop access.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Questrade both offer iPhone and Android trading apps. Each app supports stock and forex price alerts and watchlist syncing with your online account, so changes you make on mobile or desktop stay aligned. For charting, both let you draw trendlines and auto-save your drawings, making it easy to pick up where you left off.
When it comes to technical analysis, Questrade includes 64 technical studies on mobile, while BlackBull Markets offers 30. Both earned 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s ranking of 63 brokers, BlackBull Markets is placed #33 and Questrade is #35, giving BlackBull a slight edge in that category. Pick Questrade if you want more built-in indicators on your phone, or choose BlackBull if you’re comfortable with fewer studies and value its higher category ranking.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research, BlackBull Markets stands out for daily market commentary and a built-in sentiment tool that shows the balance of long vs. short positions. Both brokers include Autochartist and an economic calendar. Questrade adds Trading Central and TipRanks for extra screening and analyst insights, while BlackBull omits those. BlackBull does not include a premium news feed from sources like Bloomberg or Reuters; Questrade’s access to such news isn’t specified. Neither broker lists tools from Acuity Trading.
In independent ratings, BlackBull Markets earns 4 stars for Research and ranks #18 out of 63 brokers, while Questrade scores 3.5 stars and ranks #52. Choose BlackBull if you want frequent commentary and sentiment data; pick Questrade if Trading Central and TipRanks are higher on your list.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing BlackBull Markets vs Questrade for beginner education: both brokers offer at least 10 beginner-friendly trading videos, giving new traders a clear path to start learning. BlackBull Markets goes further with monthly client webinars and a library of advanced videos (10+), which can help as your skills grow. Questrade also covers the basics with beginner videos, but it does not host monthly webinars and does not meet the 10+ advanced-video mark.
Independent ratings reflect this gap. For Education, BlackBull Markets earns 4 stars and ranks #29 out of 63 brokers on ForexBrokers.com, while Questrade earns 3.5 stars and ranks #36. The data provided did not specify whether either broker meets a 10+ piece library focused solely on forex or CFD education.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Questrade. BlackBull Markets finished with an overall rank of #24, while Questrade finished with an overall rank of #32.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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Questrade
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| Trust Score | 78 | 86 |
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In the BlackBull Markets vs Questrade comparison for cryptocurrency trading, neither broker offers the ability to buy actual delivered crypto, but both provide cryptocurrency CFD trading.
BlackBull Markets vs Questrade: both brokers do not support ACH/SEPA or PayPal and both accept bank wire transfers, while only BlackBull Markets offers Skrill (Questrade does not), and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | Questrade | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
| Broker Screenshots | BlackBull Markets | Questrade | |
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| Regulation | BlackBull Markets | Questrade | |
|---|---|---|---|
| Trust Score | 78 | 86 | |
| Year Founded | 2014 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | BlackBull Markets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 641 | |
| Forex Pairs (Total) | 72 | 110 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | BlackBull Markets | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | ||
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review | Questrade Review |
| Overall | BlackBull Markets | Questrade | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
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