Questrade vs easyMarkets 2024

Questrade is not publicly traded and does not operate a bank, but is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and zero Tier-4 regulators (High Risk).

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulator (High Risk). easyMarkets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.

Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

To open a trading account with Questrade, you'll need to make an initial minimum deposit of $250.

easyMarkets requires a minimum deposit of $50 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Questrade offers Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw) for banking, whereas easyMarkets provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that easyMarkets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both Questrade and easyMarkets hold 2 global Tier-1 licenses. Both Questrade and easyMarkets hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Questrade (86) earned a higher Trust Score than easyMarkets (80).

To compare the trading platforms of both Questrade and easyMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Questrade offers a better experience. With research, easyMarkets offers superior market research. Finally, we found easyMarkets to provide better mobile trading apps.

Here’s what trading platforms are available at Questrade:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - Yes
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at easyMarkets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. easyMarkets offers MetaTrader 4 (MT4), while Questrade does not. Forex traders also appreciate the ability to engage in social copy trading. While easyMarkets offers copy trading, Questrade does not.

Questrade provides traders 110 currency pairs (e.g., EUR/USD) compared to easyMarkets's 63 available pairs. If you are interested in trading a full range of securities, Questrade offers traders access to 641 tradeable symbols, while easyMarkets offers access to 230 tradeable symbols; so Questrade offers 411 more tradeable symbols than easyMarkets.

We found in our testing that Questrade offers a more diverse selection of investment options than easyMarkets, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Spread Betting.