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.
BlackBull Markets vs. Questrade: safety at a glance. ForexBrokers.com assigns BlackBull Markets a Trust Score of 77/99, which falls into the “average risk” band (70–79), while Questrade scores 85/99, placing it in the “trusted” band (80–89). For context, scores of 90–99 are highly trusted, 60–69 are high risk, and under 59 should not be trusted.
On regulatory footing, both online brokers hold one Tier-1 license (considered highly trusted) and zero Tier-2 licenses. Neither company is publicly traded or a bank. Questrade was founded in 2000, whereas BlackBull Markets began in 2014—helpful background if you weigh operating history alongside licensing and Trust Scores when comparing brokers.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
BlackBull Markets comes out ahead of Questrade on commissions and fees. BlackBull’s trading costs are around average overall, but they depend on the account you choose. The Standard account has no commission and no minimum deposit, while the Prime account has lower spreads, a $2,000 minimum deposit, and a $3 per side commission ($6 round turn per lot). For active traders, the ECN Institutional account has even lower commissions at $2 per side, but it requires at least a $20,000 deposit. BlackBull Markets is rated 4.5 out of 5 stars for commissions and fees and is ranked #9 out of 36 brokers by ForexBrokers.com.
Questrade uses spread-based pricing, which means the cost is built into the price you see rather than charged as a separate commission. While Questrade says spreads can start as low as 0.8 pips, real-world testing found major pairs closer to 2.1 to 2.5 pips, which can make trading more expensive. For a standard forex trade, that can work out to about $20 per lot, and CFD trading can be pricier because of the added $9.95 USD fee per unit, plus overnight financing if you keep positions open. Questrade is rated 3.5 out of 5 stars for commissions and fees and is ranked #35 out of 36 brokers.
In simple terms, BlackBull Markets is the cheaper choice for most forex traders, especially if you want tighter pricing and are comfortable with a commission-based account. Questrade may be easier to understand at first because its costs are built into the spread, but those spreads and CFD fees can add up quickly. If low trading costs matter most, BlackBull Markets has the edge.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1 | 0.8 or higher |
| All-in Cost EUR/USD - Raw spread account | 0.70 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, BlackBull Markets offers more choice overall than Questrade. BlackBull Markets lists about 26,000 tradeable symbols, compared with 675 at Questrade, and it also gives access to 72 forex pairs. Questrade actually offers more forex pairs at 110, but both brokers support forex trading. BlackBull Markets also stands out for offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone, while Questrade does not offer these market-listed stocks.
BlackBull Markets also supports copy trading and cryptocurrency CFDs, while Questrade does not offer either. Neither broker lets clients buy actual, delivered cryptocurrency. Even so, both brokers receive a 5-star rating for Range of Investments, though BlackBull Markets ranks higher overall in ForexBrokers.com’s category list at #7, ahead of Questrade at #12. For investors who want a wider selection of markets and products, BlackBull Markets has the edge, while Questrade’s forex pair count is stronger.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 675 |
| Forex Pairs (Total) | 72 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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 give traders a good mix of platform choices, including free demo accounts, desktop downloads for Windows, web-based platforms, and the ability to trade directly from charts. Both brokers also earn 4 out of 5 stars for Trading Platforms and Tools. Where BlackBull Markets stands out is in copy trading and support for both MetaTrader 4 and MetaTrader 5, while Questrade does not offer those options. On the other hand, Questrade includes a proprietary platform built in-house, which BlackBull Markets does not provide.
In ForexBrokers.com’s Trading Platforms and Tools rankings, BlackBull Markets places higher at #26 out of 36 brokers, compared with Questrade at #30. For traders looking for familiar third-party platforms and social trading features, BlackBull Markets has the edge. For those who want an in-house platform alongside desktop and web access, Questrade may be the better fit.
| 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 mobile trading apps for iPhone and Android, and each app includes useful features like stock or forex price alerts, watchlist syncing with the online account, trendline drawing, and automatic saving of chart drawings. For everyday mobile trading needs, both brokers cover the basics well, making it easy to track markets and manage watchlists from a phone.
The main difference shows up in charting and overall mobile app ratings. Questrade offers more technical studies in its mobile app, with 64 compared with BlackBull Markets’ 30, which may appeal to traders who rely on more chart tools. Still, BlackBull Markets has the edge in overall mobile trading app ratings, earning 4 out of 5 stars versus Questrade’s 3.5, and it also ranks slightly higher in ForexBrokers.com’s mobile trading apps category, placing #29 out of 36 brokers compared with Questrade’s #30.
| 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.
When it comes to market research, BlackBull Markets has the edge over Questrade. BlackBull Markets offers daily market commentary, Autochartist tools, a sentiment gauge showing long and short positions, and an economic calendar with upcoming global news events. Questrade does not provide daily market commentary or a sentiment tool, but it does include Autochartist and Trading Central research, plus TipRanks for stock research.
Neither broker offers forex news from major sources like Bloomberg, Reuters, or Dow Jones, and neither offers Acuity Trading tools. Based on ForexBrokers.com, BlackBull Markets earns a 4.5-star Research rating and ranks #17 out of 36 brokers, while Questrade receives 3.5 stars and ranks #36. Overall, BlackBull Markets is the stronger choice for traders who want more built-in market research tools.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, BlackBull Markets comes out ahead of Questrade. BlackBull Markets offers forex and CFDs learning content, regular online client webinars, at least 10 beginner trading videos, and at least 10 advanced trading videos. That makes it a stronger choice for new traders who want a wider range of lessons and ongoing support as they learn. It is also rated 4.5 out of 5 stars for Education and ranks 25th out of 36 brokers in this category.
Questrade provides fewer educational tools for beginners by comparison. Based on the information provided, it does not offer the same level of forex or CFDs education, does not hold monthly educational webinars, and does not have at least 10 beginner or advanced trading videos. Questrade is rated 3.5 out of 5 stars for Education and ranks 30th out of 36 brokers, so while it still offers some learning material, BlackBull Markets has the clearer edge for beginner-friendly trading education.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 77 | 85 |
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Compare BlackBull Markets vs Questrade for cryptocurrency trading: BlackBull Markets offers crypto CFDs but not actual (delivered) cryptocurrency, while Questrade offers neither delivered crypto nor crypto CFDs.
BlackBull Markets vs. Questrade: BlackBull offers ACH/SEPA, Skrill, and bank wire funding (no PayPal), while Questrade provides bank wires only among these options (no ACH/SEPA, no Skrill, no PayPal); Visa/Mastercard availability for both is unspecified.
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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| 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 | 1 | |
| 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 CMA 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 | 675 | |
| Forex Pairs (Total) | 72 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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) - Spread-only account | 1 | 0.8 or higher | |
| All-in Cost EUR/USD - Raw spread account | 0.70 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | 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 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 | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | BlackBull Markets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Questrade | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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