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 and Eightcap are both online brokers that offer trading services but differ in regulatory standing and trust ratings. Founded in 2000, Questrade is a privately owned firm that is not listed on any stock exchange and does not operate as a bank. It holds two Tier-1 licenses, making it a trusted choice for traders, and has earned a Trust Score of 86 from ForexBrokers.com, placing it in the "trusted" category.
Meanwhile, Eightcap, established in 2009, also operates as a private entity without the backing of a stock listing or bank affiliation. Eightcap surpasses Questrade in regulatory credentials with three Tier-1 licenses, indicating a high level of trust. However, its Trust Score from ForexBrokers.com is slightly lower at 85, which still categorizes it as a trusted broker. While both brokers are reliable, Eightcap holds an edge in regulatory licensure, whereas Questrade has a marginally higher trust score according to ForexBrokers.com.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
If you’re focused on forex trading costs, Eightcap generally undercuts Questrade on EUR/USD. Eightcap earns 4 out of 5 stars for commissions and fees and ranks #27 out of 63 brokers at ForexBrokers.com, while Questrade earns 3 out of 5 stars and ranks #59.
Eightcap offers two account types across its global entities (Australia, Bahamas, U.K., Cyprus). The commission-based Raw account lists an average spread of 0.06 pips; after adding the $3.50 per-side commission, the all-in cost is about 0.76 pips—just under the industry average of roughly 0.8 pips. The Standard account is spread-only (no commission), and overall Eightcap is slightly pricier than the very cheapest forex brokers.
Questrade’s target spread on EUR/USD is 1.9 pips, which is steep compared to the industry average near 0.8 pips. Those wider spreads raise overall trading costs, aligning with its 3-star rating and #59 ranking for commissions and fees.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | 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.
Questrade and Eightcap both let you trade forex as CFDs or spot contracts, and each offers a wide range of instruments. Eightcap lists more total tradeable symbols (803) than Questrade (641), but Questrade has a larger selection of forex pairs (110 vs. 55). Both brokers support cryptocurrency CFDs, while neither lets you buy actual crypto.
For traditional investing, Questrade stands out by offering exchange-traded U.S. and international stocks (think Apple or Vodafone), which Eightcap does not. Eightcap counters with copy trading, a feature Questrade lacks. Reflecting these differences, ForexBrokers.com rates Questrade 5 stars for Range of Investments and ranks it #12 of 63 brokers, while Eightcap earns 3.5 stars and ranks #41.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 803 |
| Forex Pairs (Total) | 110 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Questrade vs Eightcap: both brokers offer simulated paper trading with a free demo account, plus web-based and Windows desktop platforms where you can place trades directly from charts. Questrade provides a proprietary, in-house platform, while Eightcap does not offer its own but still covers core platform access via browser and desktop.
For tools, Eightcap supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes copy trading—features Questrade does not provide. In the Trading Platforms and Tools category, both earn 4 stars from ForexBrokers.com, with Questrade ranked #35 out of 63 brokers and Eightcap ranked #39. Choose Questrade if you prefer an in-house platform experience; pick Eightcap if you want MT4/MT5 and copy trading.
| 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 offer mobile trading apps for iPhone and Android, with key features traders expect. Each app supports price alerts, synced watchlists (changes you make on your phone or web account stay aligned), trendline drawing on charts, and auto-saving of your chart drawings. This makes it easy to manage positions and track markets across devices without losing your work.
For charting depth, Questrade includes 64 technical studies while Eightcap offers 30, giving Questrade an edge if you depend on built-in indicators. Both earn 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s rankings out of 63 brokers, Questrade places #35 and Eightcap ranks #39. If you want more indicators on mobile, Questrade may suit you better, while both deliver the essentials for trading on the go.
| 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.
Comparing Questrade vs Eightcap for market research, each delivers different strengths. Eightcap provides daily market commentary, while Questrade does not. Both brokers include an economic calendar to track key events. For forex news from top-tier sources like Bloomberg or Reuters, Eightcap does not offer this; Questrade’s access is not specified here. Both receive 3.5 stars for research, though Eightcap ranks higher (#40) than Questrade (#52) out of 63 brokers on ForexBrokers.com.
Questrade stands out for third‑party research tools: it offers Autochartist, Trading Central, and TipRanks. It does not include a sentiment tool or Acuity Trading. Eightcap takes the opposite approach: it offers a sentiment trading tool and Acuity Trading (e.g., Signal Centre), but not Autochartist, Trading Central, or TipRanks. If you value daily commentary and sentiment data, Eightcap fits well; if you prefer established research suites and stock analysis via TipRanks, Questrade is the better match.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Questrade vs. Eightcap for beginner trading education: both brokers offer at least 10 beginner-friendly videos that cover core trading topics, but neither reaches 10 advanced-level videos. Each earns a 3.5 out of 5 for Education. In ForexBrokers.com’s rankings, Questrade sits at #36 out of 63 brokers, while Eightcap is #40, putting them in a similar range for overall education quality.
The main difference is live learning. Eightcap runs monthly online educational webinars, giving beginners a chance to ask questions in real time; Questrade does not offer monthly webinars. If you value live sessions, Eightcap has the edge. If you prefer self-paced video learning, both are good picks. If your focus is forex and CFD trading education, check each broker’s library to confirm there are enough topic-specific articles, videos, and archived webinars for your needs.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | 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 #32, while Eightcap finished with an overall rank of #38.
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
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Eightcap
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Questrade vs. Eightcap: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both provide access to trade cryptocurrency CFDs instead.
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 | 86 | 85 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
| Broker Screenshots | Questrade | Eightcap | |
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| Regulation | Questrade | Eightcap | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| 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 | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| 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 (SFC 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 SCA 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) | 641 | 803 | |
| Forex Pairs (Total) | 110 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 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 | $250 | $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 | ||
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Eightcap | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | 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 | 86 | 85 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
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