Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
DooPrime, established in 2014, and Questrade, founded in 2000, are both online brokerage firms that cater to investors seeking accessible trading platforms. Neither company is publicly traded or operates as a bank, which means they must adhere to stringent regulations to earn trust from their clients. ForexBrokers.com has rated DooPrime with a Trust Score of 83, placing it in the "trusted" category, while Questrade scores slightly higher with an 86, also earning a "trusted" status.
When examining licensing, DooPrime stands out by holding 4 Tier-1 licenses, indicating a strong level of trust and adherence to top regulatory standards. In comparison, Questrade holds 2 Tier-1 licenses, still reflecting a considerable level of reliability, though with a slightly smaller scale of regulatory endorsement. Neither company has obtained Tier-2 licenses. Overall, both brokers demonstrate a trustworthy framework for investors, albeit with differences in regulatory coverage.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing DooPrime and Questrade regarding commissions and fees, both online brokers offer unique points to consider. For DooPrime, specific average spread data isn't available, which might make it challenging for traders to predict potential costs accurately. However, it's important to note that DooPrime has been awarded a 3-star rating for commissions and fees, ranking #59 out of 63 brokers according to ForexBrokers.com.
In contrast, Questrade provides some transparency with its target spreads, notably listing the EUR/USD at a steep 1.9 pips. This rate is higher than the industry average, potentially leading to higher costs for frequent traders. Similar to DooPrime, Questrade also holds a 3-star rating for commissions and fees and a slightly better ranking at #58 out of 63 brokers in the ForexBrokers.com rankings.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
DooPrime and Questrade both offer forex trading as either a CFD or spot contract, catering to traders looking for different approaches in the forex market. DooPrime boasts a substantial offering with 10,000 tradeable symbols and 60 forex pairs. Meanwhile, Questrade offers a solid 641 tradeable symbols but provides a greater variety of forex pairs at 110 options. Both platforms allow users to invest in exchange-traded securities on U.S. and international exchanges, facilitating the purchase of popular stocks like Apple and Vodafone.
For those interested in unique trading features, DooPrime enables copy trading, allowing users to replicate the trading strategies of successful investors, a service not available through Questrade. Conversely, Questrade caters to cryptocurrency enthusiasts with the option to trade cryptocurrency derivatives, unlike DooPrime. Despite these differences, both platforms are highly rated with a five-star rating for their range of investments and are closely ranked by ForexBrokers.com, with DooPrime at #12 and Questrade slightly ahead at #11 out of 63 brokers. This positions either as a strong choice for a diverse investment portfolio.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 641 |
| Forex Pairs (Total) | 60 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 it comes to trading platforms and tools, both DooPrime and Questrade offer noteworthy features that cater to different preferences and needs. Both brokers provide simulated trading with free virtual demo accounts and offer their own proprietary platforms developed in-house. Users of either broker can access trading platforms via Windows-based desktop downloads as well as web-based browsers, ensuring flexibility and accessibility. DooPrime, however, offers additional choices for traders with its support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Questrade does not. On the other hand, Questrade provides DupliTrade support, a service that DooPrime lacks. Additionally, while both brokers enable trading directly from stock charts, Questrade edges ahead with 20 drawing tools compared to DooPrime's 15.
In terms of customization, Questrade offers significantly more fields for watch lists, with 52 columns, while DooPrime offers 7. Both brokers have strengths and weaknesses that appeal to various trading styles. DooPrime has the advantage of copy trading options, something Questrade does not provide. In rankings by ForexBrokers.com, DooPrime takes the 25th spot, surpassing Questrade, which ranks 34th among 63 brokers. Despite these differences, both platforms receive a 4-star rating for their trading platforms and tools, making them solid choices for traders seeking diverse functionalities in the online brokerage space.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and Questrade, both platforms offer a seamless experience for iPhone and Android users. They come equipped with essential features such as stock and forex price alerts, the ability to draw trendlines, and the flexibility to view charts across different time frames, whether it's daily, weekly, or intraday. Additionally, both apps support the creation of watchlists with real-time quotes, ensuring that users remain up-to-date with market movements. One notable difference is watchlist syncing; Questrade syncs user watchlists between the mobile app and online account, which is an advantage for traders switching between devices.
On the technical front, DooPrime offers 30 technical studies for charting, while Questrade provides a more extensive selection of 64 studies. Both apps allow users to save drawings on charts automatically, enhancing the user's trading experience. In ratings, both received 4 out of 5 stars for their mobile trading apps. However, DooPrime stands out slightly with a higher ranking of #25 among 63 brokers on ForexBrokers.com, compared to Questrade's rank of #34. This information suggests both apps are solid choices for mobile trading, but DooPrime may offer a slight edge in terms of technical and industry ranking benefits.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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 it comes to market research tools and resources, DooPrime outshines Questrade with its comprehensive offerings. DooPrime provides daily market commentary, giving traders up-to-date insights, unlike Questrade, which lacks this feature. Additionally, DooPrime offers forex news from top-tier sources such as Bloomberg and Reuters, an advantage not found with Questrade. While both brokers utilize Trading Central's analysis tools, Questrade compensates by providing research from Autochartist and TipRanks, giving its users access to more varied analytical resources.
Both DooPrime and Questrade offer an economic calendar for tracking global economic events. However, DooPrime's overall research rating is higher at 4 stars, compared to Questrade's 3.5 stars. This higher rating is reflected in DooPrime's superior ranking by ForexBrokers.com, where it stands at 29 out of 63 brokers, well ahead of Questrade's position at 51. For traders who prioritize market research, DooPrime offers more comprehensive resources to keep them informed and equipped for trading decisions.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing DooPrime and Questrade for educational resources geared towards beginners, both platforms offer some valuable materials, though their approaches differ. DooPrime provides a comprehensive array of forex and CFD educational pieces, including articles, videos, and more, catering especially to those keen on diving into these trading markets. They support beginners with over 10 dedicated videos that help newcomers grasp various trading concepts. On the downside, DooPrime lacks monthly webinars and a searchable archive of past webinars. Questrade, meanwhile, also delivers at least 10 educational resources focused on forex and CFDs, and complements these with a searchable archive of past webinars, enhancing their educational offering. However, Questrade falls short when it comes to advanced educational videos for experienced traders, which DooPrime offers in abundance.
Both brokers receive respectable ratings for their educational offerings, with DooPrime scoring a higher 4 stars out of 5 compared to Questrade's 3.5 stars. In a broader context, DooPrime ranks as the 25th broker in education according to ForexBrokers.com, while Questrade comes in at 36th out of 63 brokers. Despite neither providing an investor dictionary nor live monthly webinars, DooPrime appears to have the edge in delivering diverse educational content, meeting the needs of both beginner and more seasoned traders. Questrade, although strong in certain areas like archived webinars, may need to expand its resources to cover advanced trading topics to better compete.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than Questrade. DooPrime finished with an overall rank of #28, while Questrade finished with an overall rank of #32.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing the capabilities of DooPrime and Questrade for cryptocurrency trading, DooPrime does not offer the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, whereas Questrade provides the ability to trade cryptocurrency derivatives but not the actual delivered cryptocurrencies.
Both DooPrime and Questrade provide funding options through Visa, Mastercard, and bank wires, but DooPrime additionally supports PayPal and Skrill for deposits and withdrawals, options not available with Questrade, while neither broker supports ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | DooPrime | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | DooPrime | Questrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | DooPrime | Questrade | |
|---|---|---|---|
| Trust Score | 83 | 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 | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 641 | |
| Forex Pairs (Total) | 60 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | DooPrime | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | 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 | Questrade Review |
| Overall | DooPrime | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill