Written by ForexBrokers.com
In this head to head comparison of Questrade vs easyMarkets, 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 2000, Questrade has established itself as a trusted online brokerage with a Trust Score rating of 86 according to ForexBrokers.com. It holds two Tier-1 licenses, reflecting a strong level of trust. However, the broker does not hold any Tier-2 licenses. While Questrade is not publicly traded nor functioning as a bank, its regulatory standing contributes to its reputation as a reliable choice for investors and traders.
Established a year later in 2001, easyMarkets shares a similar trust profile with two Tier-1 licenses and an additional Tier-2 license to its name. With a Trust Score rating of 84, it is also considered a trusted brokerage by ForexBrokers.com. Like Questrade, easyMarkets is neither publicly traded nor a bank, yet its licensing suggests a credible environment for trading activities. Both brokers offer a reliable and trustworthy framework for online trading, catering to different investor needs while maintaining a strong regulatory foundation.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Year Founded | 2000 | 2001 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Choosing between Questrade and easyMarkets for online trading involves a close look at their commissions and fees. Questrade's fees are notable for their higher-than-average target spread on the popular EUR/USD currency pair, which stands at 1.9 pips. This may be considered relatively steep compared to the industry's average spreads. Ranked at #58 for commissions and fees by ForexBrokers.com, Questrade receives an overall rating of 3 out of 5 stars for this category.
On the other hand, easyMarkets offers a more competitive fee structure, particularly with fixed spreads of 0.8 pips on the EUR/USD when using their platform or TradingView. However, using MetaTrader 4 (MT4) can be more costly, with spreads of 1.7 pips on the Standard account, though the VIP account lowers this to 0.7 pips. With MetaTrader 5 (MT5), spreads are variable, starting at 0.7 pips. easyMarkets ranks slightly better at #52 in the same category with a rating of 3.5 out of 5 stars.
In summary, while both brokers present unique offerings, easyMarkets tends to provide a more cost-effective structure with its lower and fixed spreads, particularly for those using the easyMarkets platform or TradingView. Questrade's pricing structure may be less appealing due to its relatively high target spread, which is reflected in its lower rank and rating. Deciding between the two will largely depend on which platforms and trading conditions align with your financial goals and strategy.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Minimum Deposit | $250 | $25 |
| Average Spread EUR/USD - Standard | N/A | 0.8 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | Yes | |
| 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.
Questrade and easyMarkets both provide a platform for forex trading, whether through CFDs or spot contracts. When it comes to variety, Questrade offers a significantly larger array of tradeable symbols with 641, compared to easyMarkets' 230. For those interested in forex pairs, Questrade provides 110 options, far exceeding easyMarkets' selection of 63. Additionally, Questrade enables clients to trade exchange-traded securities on U.S. exchanges, like Apple shares, and on international exchanges, such as Vodafone shares, a feature not mentioned for easyMarkets.
Although both platforms allow clients to trade cryptocurrency derivatives, neither supports the purchase of actual cryptocurrencies. For copy trading enthusiasts, easyMarkets offers this functionality, while Questrade does not. Based on ratings, Questrade scores 5 stars for its range of investments, reflecting its comprehensive offerings, whereas easyMarkets holds a 3.5-star rating. Furthermore, Questrade holds the 11th position among 63 brokers for range of investments, while easyMarkets ranks 54th, highlighting Questrade's broader scope of investment options.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 230 |
| Forex Pairs (Total) | 110 | 63 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | 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 offered by Questrade and easyMarkets, both brokers have their unique strengths. Questrade provides a well-rounded experience with features such as a proprietary platform and a Windows-based desktop platform. It also supports web-based trading and offers a free virtual demo account. Notably, Questrade excels in watch list customization with 52 available columns. Moreover, it allows for trading directly from stock charts and incorporates DupliTrade for a versatile trading experience. However, it lacks popular platforms like MetaTrader 4 and 5, along with copy trading options, which are common tools that traders might seek.
In contrast, easyMarkets also stands out with its proprietary platform, including both web-based and Windows desktop options. It supports MetaTrader 4 and 5, catering to traders who prefer these widely-used platforms. easyMarkets also offers copy trading, an advantage for traders looking to emulate successful strategies. While it provides a demo account for simulated trading and facilitates trading directly from charts, easyMarkets offers fewer watch list customization options with only eight columns. Despite this, the broker compensates by offering 30 drawing tools for chart analysis. Overall, both brokers have received a solid four-star rating for their trading platforms and tools, with Questrade ranking 34th and easyMarkets 35th out of 63 brokers in the category.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | ||
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Questrade and easyMarkets provide comprehensive mobile trading apps for iPhone and Android users, making them convenient options for traders on the go. Each platform supports essential features like watchlist symbol syncing, where changes made to watchlists in the app sync seamlessly with the user's online account. Furthermore, both apps allow users to create watchlists with real-time quotes, and offer the ability to draw trendlines and view multiple time frames on charts.
When it comes to charting, easyMarkets edges out slightly by offering 81 technical studies compared to Questrade's 64. However, Questrade differentiates itself with features such as autosaving chart drawings and offering price alerts, which easyMarkets does not. Despite Questrade's marginally lower rating and ranking, both apps are rated four stars and occupy respectable positions among 63 brokers, with Questrade ranked #34 and easyMarkets slightly higher at #30 by ForexBrokers.com. Overall, both apps provide strong mobile trading experiences with unique benefits tailored to different trader preferences.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 81 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Questrade and easyMarkets, several differences and similarities arise. Questrade does not provide daily market commentary or forex news from top-tier sources, while easyMarkets delivers daily commentary and news updates from renowned sources like Bloomberg and Reuters. However, Questrade supplies technical analysis tools from Autochartist, which easyMarkets does not offer. Both platforms furnish tools from Trading Central, lending investors in-depth insights into technical analytics.
Additional features include sentiment-based trading tools and economic calendars. easyMarkets provides a tool that displays the ratio of long and short positions in currency pairs, whereas Questrade does not. On the other hand, Questrade offers research through TipRanks, a service easyMarkets does not support. Despite these disparities, both brokers present economic calendars that help users track global financial events. In research ratings, Questrade and easyMarkets are both evaluated at 3.5 stars, with rankings on ForexBrokers.com placing Questrade at #51 and easyMarkets slightly ahead at #43 out of 63 brokers.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Questrade and easyMarkets, both online brokers provide fundamental guidance in forex and CFDs through a range of educational materials. Questrade and easyMarkets each cater to beginners with at least 10 learning resources, including articles, videos, and archived webinars focused primarily on forex or CFDs. Both platforms also maintain searchable archives of their past webinars, making it easier for traders to revisit previous sessions. However, easyMarkets goes a step further by offering regular webinars each month and a diverse set of advanced educational videos, which can be highly beneficial for traders looking to deepen their understanding beyond the basics.
Additionally, easyMarkets provides an investor dictionary with definitions of over 50 investing terms, a feature not offered by Questrade. While both brokers are rated identically with 3.5 stars for their educational offerings, their ranking within the industry sees Questrade slightly ahead at 36th place compared to easyMarkets at 39th out of 63 brokers. Therefore, beginners might find value in the specific offerings of each platform based on their learning preferences and needs.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| 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 Questrade is better than easyMarkets. Questrade finished with an overall rank of #32, while easyMarkets finished with an overall rank of #42.
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.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 84 |
| Range of Investments |
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Questrade does not provide the option to purchase actual delivered cryptocurrency, whereas easyMarkets also does not allow the purchase of actual delivered cryptocurrency; however, both Questrade and easyMarkets offer the ability to trade cryptocurrency derivatives instead of the actual cryptocurrency.
In comparing Questrade and easyMarkets regarding fund transfer options, Questrade does not support ACH, SEPA, PayPal, or Skrill transfers, but it does accept Visa, Mastercard, and bank wires; on the other hand, easyMarkets offers ACH, SEPA, and Skrill options in addition to accepting Visa, Mastercard, and bank wires, although PayPal is not supported.
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 | Questrade | easyMarkets | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Questrade Review | easyMarkets Review |
| Broker Screenshots | Questrade | easyMarkets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | easyMarkets | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2000 | 2001 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | easyMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| 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) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Questrade | easyMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Questrade | easyMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 230 | |
| Forex Pairs (Total) | 110 | 63 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | 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 | Questrade | easyMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.8 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | easyMarkets | |
|---|---|---|---|
| Minimum Deposit | $250 | $25 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Questrade | easyMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Questrade | easyMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 8 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | easyMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | ||
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 81 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | easyMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | easyMarkets | |
|---|---|---|---|
| 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 | Questrade | easyMarkets | |
|---|---|---|---|
| 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 | easyMarkets Review |
| Overall | Questrade | easyMarkets | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Questrade Review | easyMarkets Review |
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