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 |
Questrade Global uses a spread-only model: your cost is built into the bid-ask spread with no separate trading commission. Eightcap offers two choices: a spread-only Standard account and a commission-based Raw account. For commissions and fees, Questrade is rated 3.5/5 stars and ranked 33rd out of 63 brokers, while Eightcap earns 4.5/5 stars and ranks 20th out of 63.
In forex, Questrade advertises spreads as low as 0.8 pips, but typical spreads on major pairs often land closer to 2.1–2.5 pips; a 2-pip spread on a standard 100,000-unit trade is about $20 round turn. Eightcap’s Raw account lists an average spread of 0.06 pips plus a $3.50 per-side commission, for an all-in cost around 0.76 pips—slightly under the industry average of 0.8 pips. That usually makes Eightcap cheaper than Questrade for frequent forex trading.
For CFDs, Questrade adds a $9.95 USD fee per unit each time you open or close a position, on top of a small spread. For example, buying and then selling one Tesla CFD unit would cost about $19.95 in fees plus a roughly $0.05 spread, and holding for a month could add about $2.23 in financing (swap) charges—meaning you might need a gain of over 6% just to break even. Eightcap’s CFD costs vary by product, but its forex pricing on the Raw account is generally leaner than Questrade’s typical spreads.
| 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.
Comparing Questrade vs Eightcap for range of investments: Questrade lists 675 tradeable symbols and 110 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both brokers let you trade forex as CFDs or spot. Neither provides direct access to buy U.S. or international exchange-listed stocks. For crypto, neither supports buying actual coins, but Eightcap does offer cryptocurrency CFDs while Questrade does not. Copy trading is available at Eightcap, not at Questrade.
If your priority is a wider choice of forex pairs, Questrade stands out; if you want more total symbols plus crypto CFDs and copy trading, Eightcap has the edge. According to ForexBrokers.com, Questrade earns 5 stars and ranks 12th out of 63 for Range of Investments, while Eightcap scores 3.5 stars and ranks 29th.
| 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 | Yes |
| 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 provide a free paper trading demo, plus web and Windows desktop platforms where you can trade directly from charts. The key difference is platform choice: Questrade offers its own in-house platform, while Eightcap focuses on third-party options. If you want MetaTrader, Eightcap supports both MT4 and MT5; Questrade does not. Copy trading is also available at Eightcap, but not at Questrade. Both brokers deliver capable charting and watchlists for everyday trading tasks.
In expert testing by ForexBrokers.com for Trading Platforms and Tools, both earned 4 out of 5 stars. Questrade ranks #28 of 63 brokers, while Eightcap ranks #31. Choose Questrade if you prefer a proprietary platform experience; pick Eightcap if you value MetaTrader compatibility and built-in copy trading alongside web and desktop access.
| 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 | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Eightcap both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts for stocks and forex, synced watchlists across mobile and web, and tools to draw trendlines that auto-save on your charts. Where they differ most is charting depth: Questrade offers 64 technical studies in its mobile app, while Eightcap provides 30, giving Questrade the edge for traders who want more indicators at their fingertips.
In terms of scores, Eightcap earns a higher Mobile Trading Apps rating at 4 out of 5 stars, compared with Questrade’s 3.5. That said, in ForexBrokers.com’s Mobile Trading Apps category across 63 brokers, Questrade ranks #28 and Eightcap ranks #31. If you prioritize a larger set of built-in indicators, Questrade stands out; if a higher user rating matters more, Eightcap is appealing. Both cover the core mobile needs most traders expect.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Questrade vs Eightcap for market research: both earn 3.5 out of 5 stars, with Eightcap ranked #33 and Questrade #34 by ForexBrokers.com. Eightcap delivers daily market commentary, while Questrade does not. Neither broker includes premium forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones.
For tools, Questrade leans into analysis with Autochartist, Trading Central, and TipRanks. Eightcap lacks those, but it counters with a sentiment tool, research from Acuity Trading (e.g., Signal Centre), and a handy economic calendar. Choose Questrade if you want chart- and analyst-driven insights; pick Eightcap if you value daily commentary, sentiment gauges, and a built-in calendar to track events.
| 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.
Questrade and Eightcap both earn 3.5 out of 5 stars for education, but they help beginners in different ways. Eightcap stands out for hands-on learning thanks to monthly client webinars and a library with at least 10 beginner-friendly trading videos. Questrade does not offer monthly webinars and doesn’t meet the 10-video mark for beginner topics. In ForexBrokers.com’s Education rankings, Questrade places slightly higher at #28 out of 63 brokers, while Eightcap ranks #31.
Neither broker provides at least 10 advanced trading videos, so traders seeking deep, video-based training may need to look elsewhere. Details on whether each has 10 or more forex/CFD-specific lessons weren’t confirmed. In short: choose Eightcap if you value regular webinars and a larger beginner video lineup; pick Questrade if overall education quality and a higher category ranking matter more to you.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Webinars | No | Yes |
| 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 | |
|---|---|---|---|
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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 | Yes | |
| 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 | No | |
| 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 | Yes | |
| 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 | 30 | |
| 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 | 30 | |
| 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 | Yes | |
| 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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