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 offers a solid online trading experience with a ForexBrokers.com Trust Score of 78, categorizing it within the average risk range. The platform holds one Tier-1 license, reflecting a high level of trust. Not publicly traded or operating as a bank, BlackBull Markets offers a focused trading environment, appealing to traders looking for a specialized brokerage experience without the complexity associated with larger, publicly listed entities.
In contrast, Questrade, established in 2000, provides a more established offering with a Trust Score of 86, indicating it is a trusted choice for investors. Holding two Tier-1 licenses, Questrade is regarded as a reliable option in the trading arena. Although not publicly traded or a bank, its steady presence and comprehensive regulatory standing make it a competitive alternative, especially for those prioritizing trust and regulatory credibility in their online trading endeavors.
| Feature |
BlackBull Markets
|
Questrade
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|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers BlackBull Markets and Questrade, it's clear that they differ significantly in terms of commissions and fees. BlackBull Markets, known for its competitive pricing, offers three account types that cater to different trading preferences. The Prime account is a standout, with an average spread of 0.16 on the EUR/USD, resulting in an all-in cost of 0.76 pips when you include a per-side commission of $6 per 10,000 traded. Although this account requires a $2,000 minimum deposit, its lower spreads make it appealing to serious traders. The Standard account requires no deposit but has higher spreads, whereas the ECN Institutional account is designed for elite traders with a minimum deposit of $20,000 and lower commission rates of $4 per round turn.
Questrade, in contrast, presents a less cost-effective option with target spreads on the EUR/USD set at 1.9 pips, which is considered steep relative to the industry average. This likely contributes to its lower star rating and ranking, reflecting less favorable trading conditions for those focused on minimizing fees.
Both brokers have been evaluated with BlackBull Markets scoring 4.5 out of 5 stars in terms of commissions and fees, ranking 18th out of 63 brokers on ForexBrokers.com. Meanwhile, Questrade received 3 out of 5 stars, placing it at 58th in the same category. For traders, these distinctions highlight BlackBull Markets as a more cost-efficient choice for those seeking lower trading costs, particularly through its Prime account.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by BlackBull Markets and Questrade, traders will find both online brokers accommodate a variety of preferences but with distinct features. BlackBull Markets offers a remarkable 26,000 tradeable symbols, encompassing 72 forex pairs, while Questrade provides 641 tradeable symbols with 110 forex pairs. Both platforms allow trading of forex as either CFDs or spot contracts. Additionally, both brokers give clients access to exchange-traded securities on U.S. and international exchanges, offering opportunities to invest in companies like Apple and Vodafone.
For those interested in more advanced investment features, BlackBull Markets supports copy trading, a feature not available with Questrade. Both brokers offer cryptocurrency trading options, albeit as derivatives rather than delivering the actual digital currencies. Despite these differences, the broad investment possibilities have earned both brokers a 5-star rating for their range of investments, as evaluated by ForexBrokers.com. However, BlackBull Markets edges out a higher ranking at #6 compared to Questrade's position at #11 out of 63 brokers surveyed for their investment offerings.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 641 |
| Forex Pairs (Total) | 72 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of BlackBull Markets and Questrade, both brokers offer virtual demo accounts, allowing traders to practice their strategies with simulated trading. BlackBull Markets distinguishes itself by providing the popular MetaTrader 4 and MetaTrader 5 platforms, catering to traders familiar with these globally recognized tools. Meanwhile, Questrade focuses on its proprietary platform, which is tailor-made to deliver a unique trading experience. Both brokers support Windows-based desktop downloads and web-based trading, providing flexibility for traders on both desktop and mobile devices.
Additional platform features reveal further differences: BlackBull Markets offers copy trading and supports ZuluTrade, enhancing its appeal to traders interested in social trading. On the other hand, Questrade incorporates DupliTrade, which may attract those seeking automated trading solutions. In terms of charting tools, BlackBull Markets offers 60 drawing tools, while Questrade provides 20, potentially influencing a trader's preference based on charting needs. Both brokers allow trading directly from stock charts, but Questrade stands out with a generous watchlist offering 52 columns for customization, far surpassing BlackBull Markets' six. Despite these differences, both brokers receive a solid rating of four stars for their trading platforms and tools, with BlackBull Markets ranked slightly higher at #29 compared to Questrade's #34 by ForexBrokers.com.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 64 |
| Charting - Drawing Tools (Total) | 60 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading experience of BlackBull Markets and Questrade, both brokers cater well to iPhone and Android users by providing essential features such as price alerts and watchlist syncing. Traders can easily track their investments with real-time quotes, making it convenient to manage assets on the go. Each app allows users to draw trendlines and explore several time frames on charts, with the confidence that drawings will be saved automatically. However, they differ in the number of technical studies available for chart analysis—BlackBull Markets offers 30 while Questrade provides 64, which could appeal to those who prioritize extensive analytical tools.
Despite these offerings, both apps share the same customer rating of four out of five stars for mobile trading effectiveness. BlackBull Markets has a slight edge over Questrade based on rankings by ForexBrokers.com, coming in at 31 out of 63 brokers, compared to Questrade's 34. Ultimately, while both apps deliver a solid user experience with similar core features, the additional technical studies in Questrade's app might engage users who need more comprehensive market analysis tools.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, BlackBull Markets stands out with daily market commentary, which Questrade does not provide. Those who utilize tools for analysis will find both brokers offering resources from Autochartist; however, Questrade extends its range with tools from Trading Central as well. BlackBull Markets leads in providing sentiment-based trading tools, revealing long and short position ratios, a feature Questrade lacks. Furthermore, while Questrade includes market research through TipRanks, BlackBull Markets does not offer this service.
Both brokers offer an economic calendar to track global news events, adding value for traders who monitor market movements. In terms of overall research ratings, BlackBull Markets is rated slightly higher with four stars, compared to Questrade’s 3.5 stars. This difference is mirrored in their respective rankings by ForexBrokers.com, where BlackBull Markets holds the 18th spot among 63 brokers, significantly higher than Questrade’s rank of 51. Choosing between these brokers will likely depend on which specific research tools and features align with your trading strategy.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | ||
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets stands out in several areas compared to Questrade. Both platforms offer a substantial collection of over 10 educational materials, such as articles and videos, focusing on forex and CFDs. However, BlackBull Markets excels by providing monthly webinars and access to previously recorded sessions, which helps keep aspiring traders engaged and informed. While both brokers offer beginner-friendly videos, BlackBull Markets also includes advanced materials for experienced traders, giving users a more comprehensive overview of trading intricacies.
Additionally, BlackBull Markets provides investors with a dictionary containing definitions for over 50 investment terms, a feature not present with Questrade. This extra resource can be particularly beneficial for beginners who are new to trading terminology. Overall, BlackBull Markets receives a higher education rating of 4 stars compared to Questrade’s 3.5 stars. This is further reflected in their respective rankings by ForexBrokers.com, where BlackBull Markets is ranked at #29, ahead of Questrade, which holds the #36 spot. Together, these factors make BlackBull Markets a more enriching choice for novice traders seeking educational support.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes |
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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BlackBull Markets does not offer the ability to buy actual delivered cryptocurrency but allows trading cryptocurrency derivatives, while Questrade provides both the purchase of actual cryptocurrency and the ability to trade cryptocurrency derivatives.
When comparing the deposit and withdrawal options of online brokers BlackBull Markets and Questrade, BlackBull Markets does not offer ACH, SEPA transfers, or PayPal, but provides options such as Skrill, Visa, Mastercard, and bank wires, while Questrade does not offer ACH, SEPA transfers, PayPal, or Skrill, but supports deposits and withdrawals via Visa, Mastercard, and bank wires.
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) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| 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) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 641 | |
| Forex Pairs (Total) | 72 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | 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 | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | BlackBull Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | BlackBull Markets | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | Yes | ||
| DupliTrade | Yes | ||
| ZuluTrade | Yes |
| Trading Tools | BlackBull Markets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 109 | 64 | |
| Charting - Drawing Tools (Total) | 60 | 20 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | |||
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | BlackBull Markets | Questrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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