Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Questrade, 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.
FP Markets vs Questrade: FP Markets was founded in 2005, while Questrade began in 2000. Both firms are privately held (not publicly traded) and are not banks. According to ForexBrokers.com, FP Markets holds a Trust Score of 90 out of 99 (highly trusted, per the 90–99 range), and Questrade holds a Trust Score of 85 (trusted, per the 80–89 range).
On regulation, FP Markets has 2 Tier-1 licenses and 1 Tier-2 license, whereas Questrade has 1 Tier-1 license and no Tier-2 licenses. ForexBrokers.com views Tier-1 regulators as highly trusted and Tier-2 as trusted. In practical terms, FP Markets carries a wider set of top-tier approvals, while Questrade still maintains a trusted regulatory profile.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2005 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
FP Markets comes out ahead of Questrade for commissions and fees, thanks to its low-cost trading setup on MetaTrader and cTrader. Its Raw ECN account is especially competitive, with tight spreads and a $6 round-turn commission per standard lot on forex trades, while the Standard account is more expensive because of wider spreads. FP Markets also earns a 4.5-star rating and ranks #11 out of 36 brokers for commissions and fees. Some of its Australian Iress accounts can be pricier, especially for smaller or less active traders, but overall FP Markets is built for low trading costs.
Questrade takes a simpler spread-based approach, meaning its costs are included in the price rather than charged as a separate commission. While it advertises spreads as low as 0.8 pips, real-world forex spreads can be wider, and CFD trading may become expensive because of the added $9.95 USD fee per unit. That makes Questrade less appealing for cost-conscious traders. It holds a 3.5-star rating and ranks #35 out of 36 brokers for commissions and fees.
In short, FP Markets is the better pick for traders who want lower overall trading costs and more transparent pricing, especially in forex. Questrade may suit some traders who prefer spread-only pricing, but its fees can add up quickly, particularly on CFDs. For commissions and fees alone, FP Markets clearly offers stronger value.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.8 or higher |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, FP Markets and Questrade both offer forex trading, but they differ in what else you can trade. FP Markets lists around 10,000 tradeable symbols and 71 forex pairs, while Questrade offers fewer total symbols at 675 but a wider selection of forex pairs at 110. Neither broker lets you buy real U.S. or international exchange-traded shares directly, and neither supports buying actual cryptocurrency.
FP Markets does stand out for copy trading and cryptocurrency CFDs, which Questrade does not offer. Still, Questrade has the stronger overall score for range of investments, with 5 stars and a ForexBrokers.com ranking of #12 out of 36 brokers, compared with FP Markets’ 4.5 stars and #17 ranking.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 675 |
| Forex Pairs (Total) | 71 | 110 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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.
FP Markets and Questrade both give traders a good mix of platform choices, including a free demo account, a web-based platform, a Windows desktop download, and their own in-house trading platform. Each also lets users place trades directly from a stock chart, which can make order entry quicker and easier. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, showing that each offers a solid overall experience for everyday trading needs.
Where FP Markets stands out is its wider platform lineup. It supports copy trading as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not offer these options. That gives FP Markets more flexibility for traders who want popular third-party tools or prefer to follow other traders. In the same ForexBrokers.com ranking, FP Markets places higher at #22 out of 36 brokers, compared with Questrade at #30, making FP Markets the stronger pick for trading platforms and tools overall.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Questrade both give traders mobile access on iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. FP Markets is a better fit if you want a stronger overall mobile trading app experience, with a 4-star rating and a #20 ranking out of 36 brokers from ForexBrokers.com. Questrade, meanwhile, earns a 3.5-star rating and ranks #30 in the same category.
One key difference is watchlist syncing. Questrade lets you sync watchlists between its mobile app and your online account, so changes carry over in both places, while FP Markets does not. Questrade also offers 64 technical studies in its mobile charting tools, compared with FP Markets, which uses MetaTrader’s default chart setup. If mobile watchlist syncing and more built-in chart studies matter to you, Questrade has the edge; if you want a higher-rated mobile trading app overall, FP Markets stands out.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FP Markets has the edge over Questrade. FP Markets provides daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar with upcoming global events. It also includes research and analysis tools from Autochartist and Trading Central. Questrade also offers Autochartist and Trading Central, and it stands out for including TipRanks market research, but it does not offer daily market commentary, top-tier forex news, sentiment data, or an economic calendar.
That broader range of research features helps explain why FP Markets scores higher for research overall, with 4 out of 5 stars and a ForexBrokers.com ranking of #22 out of 36 brokers. Questrade is rated 3.5 out of 5 stars and ranks #36 out of 36, making FP Markets the stronger choice for traders who want more market insight tools in one place.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn before they trade, FP Markets has a clear edge over Questrade. FP Markets offers forex and CFD education, monthly online client webinars, and at least 10 beginner trading videos, along with 10 advanced videos for more experienced users. It is rated 4 out of 5 stars for Education and ranks #21 out of 36 brokers at ForexBrokers.com, which suggests a stronger learning setup overall.
Questrade also provides educational material, but it falls behind FP Markets in the areas that matter most to new traders. It does not offer monthly educational webinars or at least 10 beginner and advanced trading videos focused on trading skills, and it is rated 3.5 out of 5 stars for Education, ranking #30 out of 36. For someone who wants more guided learning and a wider range of beginner-friendly content, FP Markets appears to be the better choice.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Questrade. FP Markets finished with an overall rank of #19, while Questrade finished with an overall rank of #29.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Questrade
|
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| Trust Score | 90 | 85 |
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In an FP Markets vs. Questrade comparison for cryptocurrency access, neither broker allows buying actual delivered crypto, but FP Markets does offer cryptocurrency CFDs whereas Questrade does not.
FP Markets vs Questrade: for deposits and withdrawals, neither broker supports ACH or SEPA, both support bank wire transfers, and FP Markets additionally offers PayPal and Skrill while Questrade does not.
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 | FP Markets | Questrade | |
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| Trust Score | 90 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Questrade Review |
| Broker Screenshots | FP Markets | Questrade | |
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| Regulation | FP Markets | Questrade | |
|---|---|---|---|
| Trust Score | 90 | 85 | |
| Year Founded | 2005 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FP Markets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 675 | |
| Forex Pairs (Total) | 71 | 110 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | FP Markets | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.8 or higher | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | FP Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | FP Markets | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | FP Markets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Questrade | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FP Markets Review | Questrade Review |
| Overall | FP Markets | Questrade | |
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| Trust Score | 90 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Questrade Review |
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