Written by ForexBrokers.com
In this head to head comparison of Questrade vs Eightcap, 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 2000) and Eightcap (founded 2009) are online brokers that are neither publicly traded nor banks. According to ForexBrokers.com, Questrade holds a Trust Score of 85/99 and Eightcap scores 87/99—both fall in the “trusted” range (80–89).
On regulation, Questrade holds 1 Tier-1 license and no Tier-2 licenses, while Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Tier-1 authorities are considered highly trusted and Tier-2 are trusted, indicating Eightcap has a broader top-tier regulatory footprint, while Questrade still earns a trusted rating overall.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When it comes to commissions and fees, Eightcap is the more affordable choice for most forex traders, while Questrade Global tends to cost more. Questrade uses a spread-only pricing model, so there is no separate commission on forex trades, but the spread is often wider. The broker says spreads can start at 0.8 pips, though typical major-pair spreads may be closer to 2.1 to 2.5 pips, which can make a standard-lot trade much more expensive overall. Questrade is rated 3.5 out of 5 stars and ranked #33 out of 36 for commissions and fees.
Eightcap offers two pricing setups: a spread-only Standard account and a commission-based Raw account. On the Raw account, the average spread is listed at 0.06 pips, and after the $3.50 per-side commission, the all-in cost comes to about 0.76 pips, which is competitive and slightly below the industry average. This makes Eightcap a better pick for traders looking for tighter pricing overall, especially compared with Questrade’s wider spread-based costs. Eightcap is rated 4.5 out of 5 stars and ranked #20 out of 36 for commissions and fees.
For CFDs, Questrade’s pricing can get expensive because it combines a spread with a $9.95 USD trading fee per unit, plus overnight financing costs if you hold positions open. That means the true cost of trading can rise quickly, especially on larger or longer-held trades. In short, if low commissions and fees are your main priority, Eightcap offers the better value overall, while Questrade is better suited to traders who are comfortable paying more for a spread-based model.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Questrade gives traders access to 675 tradable symbols, including 110 forex pairs, and it is rated 5 out of 5 stars for this category. Eightcap lists a slightly larger overall selection with 803 tradable symbols, but it offers fewer forex pairs at 55 and is rated 3.5 out of 5 stars. In ForexBrokers.com’s Range of Investments ranking, Questrade places #12 out of 36 brokers, while Eightcap ranks #29.
Both brokers offer forex trading through CFDs or spot contracts, but neither provides exchange-traded shares on U.S. or international stock exchanges, copy trading, or the ability to buy delivered cryptocurrency. The key difference is that Eightcap does offer cryptocurrency CFDs, while Questrade does not. So, if your focus is forex pair choice, Questrade has the edge, while Eightcap offers a wider list of total tradeable symbols and crypto CFD trading.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 803 |
| Forex Pairs (Total) | 110 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Questrade and Eightcap both give traders a choice of desktop and web-based platforms, plus simulated trading through free demo accounts. Each also lets you place trades directly from a chart, and neither broker offers copy trading. In ForexBrokers.com’s Trading Platforms and Tools category, both are rated 4 out of 5 stars, showing that each offers a solid set of platform options for everyday trading needs.
The biggest difference is that Questrade offers its own in-house trading platform, while Eightcap does not. On the other hand, Eightcap supports both MetaTrader 4 and MetaTrader 5, which Questrade does not offer. That makes Questrade a better fit for traders who want a proprietary platform, while Eightcap may appeal more to those who prefer the MetaTrader experience. In the same category, Questrade ranks #28 out of 36 brokers, compared with Eightcap at #31.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Eightcap both offer mobile trading apps for iPhone and Android, along with stock or forex price alerts and watchlist syncing between the app and your online account. Each app also lets you draw trendlines on charts, and both will auto-save those drawings, which makes it easier to pick up where you left off. For everyday mobile use, the two platforms cover the basics well and give traders the tools they need to track markets on the go.
The main difference comes down to charting depth and overall app ratings. Questrade’s mobile app includes 64 technical studies, while Eightcap offers 100, giving Eightcap the edge for traders who want more chart options. Even so, Questrade holds a 3.5-star mobile app rating and ranks #28 out of 36 brokers in ForexBrokers.com’s Mobile Trading Apps category, compared with Eightcap’s 4-star rating and #31 rank. In short, Eightcap scores higher with users, while Questrade still compares well in the ranking.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Questrade and Eightcap each cover different needs. Questrade offers tools from Autochartist, Trading Central, and TipRanks, which can help traders spot patterns and get deeper company insights. However, it does not provide daily market commentary, sentiment tools, or an economic calendar, and it does not include forex news from top-tier sources like Bloomberg or Reuters. Its Research rating is 3.5 out of 5 stars, and it ranks #34 out of 36 brokers in ForexBrokers.com’s Research category.
Eightcap takes a different approach, offering daily market commentary, a sentiment tool, Acuity Trading research such as Signal Centre, and an economic calendar to track key global events. It does not include Autochartist, Trading Central, TipRanks, or top-tier forex news sources, but it matches Questrade with a 3.5 out of 5-star Research rating and places slightly ahead at #33 out of 36 brokers. For traders who want more built-in market updates and event tracking, Eightcap has the edge, while Questrade stands out for its third-party research tools.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, Questrade and Eightcap are fairly similar in overall education quality, with each earning 3.5 out of 5 stars for Education. Questrade ranks higher in the category overall, placing 28th out of 36 brokers, while Eightcap sits at 31st. Neither broker offers monthly educational webinars, and neither provides at least 10 advanced videos for more experienced traders.
The main difference is in beginner-friendly video content. Eightcap offers at least 10 beginner trading videos, while Questrade does not. However, neither broker appears to provide enough forex or CFD-focused education to meet the 10-piece minimum on that topic. For new traders who want more video-based help getting started, Eightcap has the edge, but both brokers still leave room for improvement in educational resources.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
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 Eightcap. Questrade finished with an overall rank of #29, while Eightcap finished with an overall rank of #30.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 87 |
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Neither online broker Questrade nor Eightcap lets you buy actual (delivered) cryptocurrency, but Eightcap offers cryptocurrency CFDs while Questrade does not.
In the Questrade vs Eightcap deposits and withdrawals comparison, both lack ACH/SEPA and support bank wires, Eightcap additionally offers PayPal and Skrill while Questrade does not, and Visa/Mastercard availability is not specified.
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 | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
| Broker Screenshots | Questrade | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 87 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 803 | |
| Forex Pairs (Total) | 110 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Questrade | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Eightcap | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | Eightcap Review |
| Overall | Questrade | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
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