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.
Questrade, founded in 2000, and easyMarkets, established in 2001, are both prominent online brokers. While neither is publicly traded nor functions as a bank, they both prioritize client trust and regulatory compliance. Questrade holds two Tier-1 licenses, reflecting its commitment to high-level oversight, while easyMarkets matches this with two of its own Tier-1 licenses, as well. However, easyMarkets goes a step further by having an additional Tier-2 license, offering another layer of trustworthiness.
When it comes to trust scores as rated by ForexBrokers.com, Questrade achieves a rating of 86, placing it in the "trusted" category. easyMarkets closely follows with a score of 84, similarly falling within the "trusted" range. Both brokers provide clients with a reliable trading environment, though their regulatory structures differ slightly, offering users multiple avenues to choose from based on their preferences and needs.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Year Founded | 2000 | 2001 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| 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 | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When choosing between Questrade and easyMarkets for your investing journey, the range of available investments can be a key factor. Questrade provides access to 641 tradeable symbols, including 110 forex pairs, which is significantly higher than easyMarkets’ offering of 230 tradeable symbols and 63 forex pairs. In addition, Questrade allows clients to invest in exchange-traded securities on both U.S. and international exchanges, such as buying shares in companies like Apple and Vodafone. In contrast, easyMarkets doesn’t support the purchase of exchange-traded securities, focusing instead on CFD options. Both platforms, however, do offer forex trading as a CFD or spot contract and provide cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrency.
One notable difference lies in copy trading options and overall ratings. While easyMarkets offers copy trading, Questrade does not. This might be a consideration for those seeking to replicate successful trading strategies. When evaluated for the range of investments, Questrade boasts a strong 5-star rating and ranks 11th out of 63 brokers on ForexBrokers.com. Conversely, easyMarkets has a 3.5-star rating and ranks 54th, indicating that Questrade may offer a more comprehensive investment platform for those prioritizing a varied investment portfolio.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| 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 Questrade and easyMarkets, both brokers offer a comprehensive range of features to support traders. Questrade and easyMarkets each provide simulated trading through free virtual demo accounts, alongside their proprietary platforms, web-based (browser), and Windows-based desktop download trading options. However, while easyMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Questrade does not. Instead, Questrade offers DupliTrade for those seeking alternative trading tools, while easyMarkets does not support this feature. Both platforms enable trading directly from stock charts, providing a seamless experience for users. In terms of charting tools, Questrade offers 20 drawing tools, whereas easyMarkets provides a wider range with 30 drawing tools.
EasyMarkets stands out with its copy trading capability, a feature absent in Questrade's offerings. When it comes to personalization, Questrade excels with 52 columns for watchlists, significantly more than easyMarkets’ 8 columns, accommodating detailed tracking of assets for more diverse trading strategies. Despite these differences, both brokers receive a four-star rating for their trading platforms and tools. In terms of rankings by ForexBrokers.com among 63 brokers, Questrade holds the 34th position, while easyMarkets follows closely at 35th. This close ranking indicates that both platforms have their unique strengths, catering to various trader preferences and needs.
| 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 | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| 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.
When comparing the mobile trading apps of Questrade and easyMarkets, you'll find both platforms available on iPhone and Android, each offering essential trading features to suit various user needs. Questrade stands out by providing stock and forex price alerts, which can be crucial for traders seeking instant updates on market movements, a feature not offered by easyMarkets. Both apps allow users to sync their watchlists with their online accounts, ensuring a seamless experience across devices. Additionally, if technical analysis is your priority, easyMarkets offers a greater variety of technical studies for charting with 81 studies compared to Questrade's 64, although both platforms allow trendline drawing and viewing multiple time frames on charts.
Another important consideration is the ability to save drawings automatically on stock or forex charts, which is supported by Questrade but not by easyMarkets. Both apps allow users to create watchlists with real-time quotes. In terms of overall ratings, both platforms receive a solid 4 out of 5 stars for mobile trading. However, when ranked by ForexBrokers.com, easyMarkets slightly edges out Questrade, coming in at #31 out of 63 brokers, versus Questrade's ranking at #34. Both platforms provide competitive experiences, but your choice might hinge on the specific features and tools that align best with your trading strategies.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and easyMarkets based on market research capabilities, there are some distinct differences between the two. EasyMarkets provides daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, while Questrade does not have these features. On the other hand, Questrade gives users access to technical analysis tools from Autochartist, which easyMarkets lacks. Both platforms offer tools from Trading Central, providing valuable technical analytics for traders. However, easyMarkets stands out with its sentiment-based trading tool, allowing traders to see insights into market positions, something not provided by Questrade. Meanwhile, Questrade offers market research from TipRanks, which is not available on easyMarkets.
Both platforms include an economic calendar to track global news events, which is helpful for traders staying updated on economic developments. Despite these differences, both Questrade and easyMarkets receive the same rating of 3.5 stars for research. However, according to ForexBrokers.com, easyMarkets ranks slightly higher in the research category, placing 43rd out of 63 brokers, while Questrade ranks at 51st. This information can help potential users determine which platform aligns better with their market research needs and preferences.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Questrade and easyMarkets provide a solid foundation for learning about forex and CFDs. Both platforms offer more than ten educational pieces including articles, videos, and archived webinars focusing primarily on these subjects. Additionally, they each have a searchable archive of previously recorded client webinars which is a great tool for users to continue their education at their own pace. Questrade and easyMarkets also provide at least ten beginner-focused educational videos, making them both friendly for newcomers to trading.
However, there are some differences between the two brokers. easyMarkets hosts online educational webinars at least once a month, which is an advantage for those who prefer live, interactive learning. On the other hand, Questrade does not offer this feature. easyMarkets also excels by providing an investor dictionary with definitions of over 50 investing terms and a range of advanced educational videos for seasoned traders, areas where Questrade is lacking. Despite these differences, both platforms are rated equally at 3.5 stars for education, with Questrade slightly ahead in the ForexBrokers.com education category rankings.
| Feature |
Questrade
|
easyMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | 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 |
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Both Questrade and easyMarkets do not provide the option to purchase actual delivered cryptocurrency, but they do offer the capability to trade cryptocurrency derivatives.
When comparing online brokers Questrade and easyMarkets, it's noteworthy that while both platforms support Visa, Mastercard, and bank wire transfers for account funding and withdrawals, only easyMarkets offers ACH, SEPA, and Skrill options, setting it apart for those seeking diverse transaction methods.
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 | |
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| Regulation | Questrade | easyMarkets | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2000 | 2001 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | 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 | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | easyMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| 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 | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | easyMarkets | |
|---|---|---|---|
| Minimum Deposit | $250 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Questrade | easyMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| 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 | No | |
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | easyMarkets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | easyMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | 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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