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, established in 2005, and Questrade, founded in 2000, are both prominent names in the online brokerage landscape, though neither is publicly traded or a bank. When it comes to regulatory credentials, both brokers have commendable standings. FP Markets holds two Tier-1 licenses and one Tier-2 license, while Questrade also possesses two Tier-1 licenses but does not have any Tier-2 licenses. These regulatory details position them both in a solid category of trust among online brokers.
In terms of trustworthiness, as rated by ForexBrokers.com, FP Markets enjoys a Trust Score of 89, making it a trusted choice among users. Questrade, with a Trust Score of 86, is also trusted, though slightly lower in comparison. These scores reflect their commitment to providing a reliable trading environment, ensuring that users can engage with these platforms with a sense of security.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2005 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
FP Markets vs. Questrade: on commissions and fees, FP Markets comes out cheaper for most forex traders. FP Markets earns 5 out of 5 stars and ranks #11 of 63 for Commissions and Fees (and won Best in Class for 2024), while Questrade earns 3 out of 5 stars and ranks #33 of 63.
FP Markets keeps trading costs low on MetaTrader and cTrader with its Raw ECN account, where EUR/USD averaged about 0.1 pips in October 2023, plus a $6 commission per round turn per standard lot (about 0.8 pips all-in). The Standard account is spread-only and pricier (about 1.1 pips on EUR/USD). For share CFDs, FP Markets’ Iress suite offers Direct Market Access with full depth of book, but ViewPoint plans come with higher minimums (AUD 1,000 to AUD 50,000) and potential platform/data fees unless you either qualify for Premier or generate at least AUD 150 in monthly commissions. The low-cost Iress Investor plan waives monthly fees but limits streaming data and charting.
Questrade’s target spread of 1.9 pips on EUR/USD is on the high side versus the industry average, which makes its overall pricing less attractive for active forex trading. Bottom line: if your priority is the lowest trading costs, FP Markets’ commission-based Raw ECN setup typically undercuts Questrade’s spread-only pricing, though FP Markets’ Iress plans can add platform and data costs that you should factor into your total.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 AUD | $250 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | 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.
FP Markets vs Questrade: both brokers let you trade forex as CFDs or spot contracts, and both support cryptocurrency CFDs (neither offers delivered crypto). FP Markets lists far more total instruments (about 10,000 symbols) but fewer currency pairs (71) than Questrade’s 110. FP Markets also supports copy trading, while Questrade does not.
If you want access to actual exchange-traded securities, Questrade stands out with U.S. and international stocks available to buy, whereas FP Markets does not offer exchange-traded shares. For Range of Investments, Questrade earns 5 stars and ranks #12 of 63 brokers, while FP Markets scores 4.5 stars and ranks #16. In short, FP Markets favors breadth across CFD-style markets and copy trading, while Questrade is stronger for stock buyers and active forex traders seeking more pairs.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 641 |
| Forex Pairs (Total) | 71 | 110 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| 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.
FP Markets and Questrade both check the key boxes for everyday investors: each offers a free paper trading (demo) account, an in-house proprietary platform, a Windows desktop download, a web-based platform, and the ability to place trades directly from charts. Both earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s 2025 category rankings, FP Markets sits at #22 of 63 brokers, while Questrade is #28 of 63.
The biggest split is in platform choice and trader preferences. FP Markets supports copy trading and gives access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular among forex and algorithmic traders. Questrade does not offer copy trading and doesn’t support MT4 or MT5, leaning instead on its own platforms for a streamlined stock and ETF experience. If you want MT4/MT5 or copy trading, FP Markets is the better fit; if you prefer a broker’s proprietary tools and a straightforward web and desktop setup, Questrade is a strong alternative.
| 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 offer mobile trading apps for iPhone and Android, complete with price alerts, chart drawing tools like trendlines, and auto-saving of your annotations. Each app earns 4 out of 5 stars, but their category rankings differ: FP Markets sits at #20 out of 63 brokers on ForexBrokers.com, while Questrade is #28. If you want a solid, on-the-go trading experience for stocks or forex, both apps deliver the essentials.
For charting, FP Markets uses the MetaTrader platform with its default library of technical studies, while the Questrade app includes 64 indicators. A key usability difference is watchlists: Questrade syncs symbols between the mobile app and your online account, so changes carry over automatically. FP Markets does not sync watchlists across platforms. If cross-device watchlist management and a larger indicator selection matter to you, Questrade has the edge; if you prefer trading within MetaTrader’s environment, FP Markets could be the better fit.
| 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.
FP Markets vs Questrade: for market research, FP Markets earns 4/5 stars and ranks #22 of 63 brokers at ForexBrokers.com, while Questrade scores 3.5/5 and ranks #34. FP Markets provides daily market commentary and forex news from top-tier sources like Bloomberg or Reuters, whereas comparable forex news feeds are not specified for Questrade. Both brokers include Autochartist and Trading Central tools, plus an economic calendar to track key events.
FP Markets also adds a sentiment tool that shows the ratio of long vs short positions, which Questrade does not offer. On the flip side, Questrade includes TipRanks research, which FP Markets lacks. Neither broker lists tools from Acuity Trading. If you want daily commentary, sentiment data, and integrated news, FP Markets is the stronger fit; if TipRanks insights matter to you within a discount brokerage setup, Questrade may appeal.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re new to trading, here’s how FP Markets and Questrade stack up on education. Both brokers publish at least 10 beginner videos that explain trading basics in clear steps. FP Markets goes further with client webinars held at least once a month, which can help beginners get live instruction and ask questions. It also offers at least 10 advanced videos for when you’re ready to level up. Questrade covers the beginner groundwork with 10+ videos but does not run monthly webinars and doesn’t reach the same depth for advanced topics.
These differences show up in independent ratings: FP Markets earns 4 out of 5 stars for Education and ranks 22nd out of 63 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks 28th. Choose FP Markets if you value regular webinars and a clear path from beginner to advanced learning; pick Questrade if you mainly want a starter library of beginner-focused videos.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 86 |
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Comparing FP Markets vs Questrade for cryptocurrency trading: neither broker offers buying actual delivered crypto, but both provide access to cryptocurrency CFDs, making them comparable choices for crypto CFD traders.
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 | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Questrade Review |
| Broker Screenshots | FP Markets | Questrade | |
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| Regulation | FP Markets | Questrade | |
|---|---|---|---|
| Trust Score | 89 | 86 | |
| 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 | 2 | |
| 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 SCA 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 | 641 | |
| Forex Pairs (Total) | 71 | 110 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| 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 | FP Markets | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 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 | $100 AUD | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | 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 Watchlist [DELETED] | |||
| 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 | ||
| Autochartist | Yes | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Questrade Review |
| Overall | FP Markets | Questrade | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Questrade Review |
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