BlackBull Markets vs Questrade 2025

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.

Regulation

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 info	2014	2000
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	2
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Fees

BlackBull Markets and Questrade differ meaningfully on commissions and fees. BlackBull Markets earns 4.5 out of 5 stars and ranks #9 out of 63 brokers in the Commissions and Fees category at ForexBrokers.com, while Questrade earns 3 out of 5 stars and ranks #33. That gap shows up in their pricing for common forex pairs.

At BlackBull Markets, costs depend on the account type. The Prime account posts an average EUR/USD spread of 0.16 pips (March 2024), which works out to about 0.76 pips all-in after the $3-per-side commission ($6 round turn per lot). The Standard account is commission-free with no minimum deposit but has higher spreads. For high-balance traders, the ECN Institutional account requires at least $20,000 and lowers the commission to $2 per side ($4 round turn). Overall, BlackBull’s pricing sits around the industry average, with the Prime account offering the best value among its tiers.

Questrade’s published target spread of 1.9 pips on EUR/USD is high compared with industry norms and notably wider than BlackBull’s Prime all-in cost. If you prioritize tight spreads and are comfortable with per-trade commissions and a $2,000 minimum deposit, BlackBull’s Prime account will typically be cheaper; if you prefer a no-commission setup and already use Questrade for other products, be aware that forex spreads may be pricier.

Feature	BlackBull Markets	Questrade
Minimum Deposit info	$0	$250
Average spread (EUR/USD) - Standard account info	1.16 info	N/A
All-in Cost EUR/USD - Active info	0.76 info	N/A
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

BlackBull Markets vs Questrade: both earn 5 stars for Range of Investments from ForexBrokers.com, but BlackBull ranks higher (#7 of 63) than Questrade (#12). BlackBull lists about 26,000 tradeable symbols, far more than Questrade’s 641, and both let you buy exchange-traded U.S. and international stocks (think Apple (AAPL) and Vodafone). Both also support forex trading, available as CFDs or spot contracts; the line-up differs, with BlackBull offering 72 currency pairs and Questrade 110.

For crypto, each broker offers cryptocurrency CFDs, but neither lets you buy actual coins. A key difference is copy trading: BlackBull provides it, while Questrade does not. If you want the widest overall symbol selection plus copy trading, BlackBull Markets is the better fit; if you prioritize access to more forex pairs, Questrade may suit you.

Feature	BlackBull Markets	Questrade
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	641
Forex Pairs (Total) info	72	110
U.S. Stocks (Shares) info	Yes	Yes
Global Stocks (Non-U.S. Shares) info	Yes	Yes
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

BlackBull Markets vs Questrade: both brokers offer paper (demo) accounts, web-based platforms, Windows desktop software, and the ability to place orders directly from price charts. The key split is platform style. BlackBull Markets does not have its own platform and instead supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. Questrade offers a proprietary, in-house platform and does not support MT4, MT5, or copy trading.

For Trading Platforms and Tools, both BlackBull Markets and Questrade are rated 4 out of 5 stars by ForexBrokers.com. In the category rankings, BlackBull Markets places #25 out of 63 brokers, while Questrade ranks #28. Choose BlackBull if you want MT4/MT5 and copy trading; pick Questrade if you prefer a broker-built platform for web and desktop.

Feature	BlackBull Markets	Questrade
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	109	64
Charting - Trade From Chart info	Yes	Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both BlackBull Markets and Questrade offer full-featured mobile trading apps on iPhone and Android, covering the essentials for trading stocks and forex on the go. Each app supports price alerts, synced watchlists that match your online account, and drawing tools like trendlines on charts. Your chart drawings also auto-save, so you can pick up where you left off across devices.

For charting depth, Questrade provides more built-in technical studies (64) than BlackBull Markets (30), which may appeal to indicator-heavy traders. That said, both apps earn the same 4 out of 5 stars for Mobile Trading Apps, with BlackBull Markets ranked slightly higher by ForexBrokers.com (#27 of 63) than Questrade (#28 of 63). If you prioritize more indicators, Questrade’s mobile app has the edge; if you value a marginally higher category ranking, BlackBull Markets is a solid choice.

Feature	BlackBull Markets	Questrade
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	30	64
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

BlackBull Markets and Questrade take different paths with market research. BlackBull delivers daily market commentary, an economic calendar, Autochartist tools, and a handy sentiment gauge showing long vs. short positioning. It does not include premium forex news feeds (e.g., Bloomberg, Reuters, Dow Jones), nor research from Trading Central or TipRanks. Questrade skips daily commentary and does not offer a sentiment tool, but it adds Autochartist, Trading Central, TipRanks, and an economic calendar. Access to top-tier forex news feeds at Questrade is not specified.

For overall research, BlackBull Markets earns 4 stars and ranks 16th out of 63 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks 34th. Choose BlackBull if you value daily insights and sentiment data; pick Questrade if you want Trading Central and TipRanks for additional screening and idea generation.

Feature	BlackBull Markets	Questrade
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No
Autochartist info	Yes	Yes
Trading Central info	No	Yes
Client sentiment data info	Yes	No
TipRanks info	No	Yes
Acuity Trading info	No	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

If you’re new to forex or CFDs and choosing between BlackBull Markets and Questrade, both brokers make it easy to start learning with at least 10 beginner-friendly videos that explain core trading ideas in plain language. BlackBull goes further by offering at least 10 advanced videos for when you’re ready to move beyond the basics, while Questrade does not match that depth for advanced lessons. In independent testing by ForexBrokers.com, BlackBull’s education earned 4 stars and ranked 24th out of 63 brokers; Questrade earned 3.5 stars and ranked 28th.

Live learning also separates the two. BlackBull hosts client webinars at least once a month, letting beginners ask questions and see strategies in action, whereas Questrade does not offer monthly educational webinars. If you want ongoing live sessions and a clearer path from beginner to advanced material, BlackBull may be the better fit. If you prefer self-paced learning with on-demand beginner videos, Questrade remains a solid option.

Feature	BlackBull Markets	Questrade
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 #22, while Questrade finished with an overall rank of #29.

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	Questrade
Overall Rating info
Trust Score info	78	86
Range of Investments
Trading Fees
Trading Platforms
Research
Mobile Trading
Education

FAQs

Can you trade cryptocurrency with BlackBull Markets or Questrade?

What funding options does each broker offer?

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Overall Rating	BlackBull Markets	Questrade
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	78	86
Winner	check_circle
Review	BlackBull Markets Review	Questrade Review

Broker Screenshots	BlackBull Markets	Questrade
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	Questrade
Trust Score info	78	86
Year Founded info	2014	2000
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No
Tier-1 Licenses info	1	2
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	Questrade
Australia (ASIC Authorised) info	No
Canada (CIRO Authorised) info	No	Yes
Hong Kong (SFC Authorised) info	No	No
Japan (FSA Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info		No
United Kingdom (U.K.) (FCA Authorised) info	No	No
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No

Tier-2 Licenses (Trusted)	BlackBull Markets	Questrade
Kenya (CMA Authorised) info		No
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info		No

Investments	BlackBull Markets	Questrade
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	641
Forex Pairs (Total) info	72	110
U.S. Stocks (Shares) info	Yes	Yes
Global Stocks (Non-U.S. Shares) info	Yes	Yes
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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 info	1.16 info	N/A
All-in Cost EUR/USD - Active info	0.76 info	N/A
Inactivity Fee info	No	No
Order execution: Agency info	No	Yes
Order execution: Market Maker info	Yes	No

Funding	BlackBull Markets	Questrade
Minimum Deposit info	$0	$250
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	No	No

Trading Platforms	BlackBull Markets	Questrade
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	BlackBull Markets	Questrade
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	64
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	BlackBull Markets	Questrade
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	30	64
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	Questrade
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No
Autochartist info	Yes	Yes
Trading Central info	No	Yes
TipRanks info	No	Yes
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	BlackBull Markets	Questrade
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	BlackBull Markets Review	Questrade Review

Overall	BlackBull Markets	Questrade
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	78	86
Winner	check_circle
Review	BlackBull Markets Review	Questrade Review