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.
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BlackBull Markets and Questrade are online brokers with different backgrounds and trust profiles. BlackBull Markets was founded in 2014, while Questrade dates back to 2000. Neither company is publicly traded, and neither is a bank.
On regulation, BlackBull Markets holds 1 Tier-1 license and 0 Tier-2 licenses, while Questrade holds 2 Tier-1 licenses and 0 Tier-2 licenses. According to ForexBrokers.com, BlackBull Markets has a Trust Score of 77 (70–79 = average risk) and Questrade scores 85 (80–89 = trusted). The scale runs: 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.
| 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 |
Comparing commissions and fees, BlackBull Markets earns 4.5 out of 5 stars and ranks #9 of 63 brokers for this category, while Questrade earns 3.5 out of 5 stars and ranks #33 of 63. Overall, BlackBull’s pricing is about average for the industry but can be sharp with the right account, whereas Questrade’s forex pricing tends to be higher due to wider quoted spreads.
BlackBull Markets offers three account types. The Standard account is commission-free with no minimum deposit but has higher spreads. The Prime account requires a $2,000 minimum deposit and charges $3 per side ($6 round turn) per lot; in March 2024 it showed a 0.16-pip average spread on EUR/USD, translating to an all-in cost of about 0.76 pips after commissions—making it the better value for many traders. The ECN Institutional account targets active traders with at least $20,000, and lowers commissions to $2 per side ($4 round turn).
Questrade’s target spread of 1.9 pips on EUR/USD is steep versus the industry average, which can make overall trading costs higher—especially for frequent forex trades. That pricing profile aligns with its 3.5-star rating and #33 ranking for commissions and fees, compared with BlackBull Markets’ stronger 4.5-star rating and #9 ranking.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average spread (EUR/USD) - Standard account | 1.16 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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 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) | 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 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) | 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.
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 | 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.
For market research, BlackBull Markets and Questrade take different paths. BlackBull delivers daily market commentary, a client sentiment tool that shows long vs. short positioning, Autochartist for technical ideas, and a handy economic calendar. It does not carry Trading Central, TipRanks, or top-tier newswires like Bloomberg or Reuters. Questrade, by contrast, offers Autochartist plus Trading Central and TipRanks, along with an economic calendar, but it lacks daily commentary and a sentiment tool. Access to top-tier forex newswires with Questrade isn’t specified, and neither broker offers tools from Acuity Trading.
According to ForexBrokers.com, BlackBull Markets earns 4.5 out of 5 stars for Research and ranks #16 out of 63 brokers, while Questrade scores 3.5 stars and ranks #34. In short, BlackBull suits traders who want frequent commentary and sentiment insights, whereas Questrade appeals to those who value Trading Central and TipRanks for idea generation.
| 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-focused trading videos to help you learn the basics. BlackBull adds more ways to learn with monthly live online webinars, so new traders can get fresh lessons and ask questions in real time. Questrade does not host monthly educational webinars.
As you advance, the difference grows. BlackBull provides at least 10 advanced trading videos, while Questrade does not. That shows up in the scores: BlackBull earns 4.5/5 for Education and ranks #24 out of 63 brokers at ForexBrokers.com; Questrade scores 3.5/5 and ranks #28. If you want a broker with stronger ongoing education—especially webinars and advanced lessons that can support your growth from beginner to more experienced—BlackBull has the edge.
| 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 #22, while Questrade finished with an overall rank of #29.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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Questrade
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| Overall Rating |
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| Trust Score | 77 | 85 |
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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 | 77 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
| Broker Screenshots | BlackBull Markets | Questrade | |
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| Broker Gallery (click to expand) |
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| Regulation | BlackBull Markets | Questrade | |
|---|---|---|---|
| Trust Score | 77 | 85 | |
| 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 (FSA 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 | 1.16 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | 77 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
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