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 |
Comparing commissions and fees, FP Markets competes on tight spreads plus low commissions, while Questrade builds most costs into wider spreads. FP Markets holds a 4.5/5 star rating and ranks #11 of 63 for Commissions and Fees (ForexBrokers.com). Questrade is rated 3.5/5 stars and ranks #33 of 63.
With FP Markets, the Raw ECN account averages 0.1 pips on EUR/USD (about 0.8 pips all-in after a $6 per round-turn commission per standard lot). The Standard account is spread-only and averages about 1.1 pips, and similar choices exist on cTrader. For share CFDs, FP Markets’ Iress suite offers DMA pricing with full depth of book, but the ViewPoint tiers (Standard AUD 1,000; Platinum AUD 25,000; Premier AUD 50,000) may add platform/data fees unless you qualify for Premier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor option waives monthly fees but limits live data and charting. FP Markets earned Best in Class for Commissions and Fees in the 2024 Annual Awards.
Questrade Global is a spread-only model: it advertises spreads as low as 0.8 pips, but typical averages on major forex pairs are closer to 2.1–2.5 pips, which can be about $20 per standard-lot trade at a 2-pip spread. For CFDs, Questrade adds a $9.95 USD fee per side (open and close) per unit on top of the spread, and overnight financing can add to costs. Traders who prioritize the lowest all-in pricing may find FP Markets’ commission-plus-tight-spread structure more cost-effective, while Questrade’s simplicity may appeal if you prefer costs embedded in the price.
| Feature |
FP Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.8 or higher |
| 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: FP Markets lists about 10,000 tradeable symbols, far more than Questrade’s 675. Both let you trade forex as CFDs or spot, though Questrade offers more currency pairs (110 vs FP Markets’ 71). Neither broker provides direct access to buy U.S. or international shares (non-CFDs). For digital assets, neither lets you buy actual crypto, but FP Markets does offer crypto CFDs. FP Markets also supports copy trading, while Questrade does not.
For range-of-investments ratings, ForexBrokers.com scores FP Markets at 4.5/5 (ranked #17 of 63) and Questrade at 5/5 (ranked #12 of 63). Choose FP Markets if you want a larger overall menu of instruments, crypto CFDs, and copy trading. Choose Questrade if a bigger selection of forex pairs and a top category rating are your priorities.
| 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 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 deliver mobile trading on iPhone and Android. Each app includes price alerts plus chart tools such as trendlines, and your drawings are saved automatically. According to ForexBrokers.com, FP Markets earns 4 stars and ranks #20 out of 63 in the Mobile Trading Apps category, while Questrade scores 3.5 stars and ranks #28.
The biggest differences show up in charting and convenience. FP Markets’ app uses MetaTrader’s default indicator set, while Questrade offers 64 technical studies. And only Questrade syncs watchlists between the mobile app and your online account; FP Markets does not. If you value cross-device watchlist syncing and a larger indicator list, Questrade has the edge. If you want MetaTrader tools and the higher third-party score, FP Markets is the stronger pick.
| 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.
Comparing market research at FP Markets vs Questrade, FP Markets comes packed with daily market commentary, forex news from sources like Bloomberg, Reuters, and Dow Jones, plus research tools from Autochartist and Trading Central. It also includes a sentiment tool that shows long/short positioning and a handy economic calendar. Questrade matches FP Markets on Autochartist and Trading Central, and adds TipRanks research that FP Markets doesn’t have. However, Questrade does not provide daily market commentary, premium forex news feeds, a sentiment tool, or an economic calendar.
In ratings, FP Markets earns 4 stars and ranks #22 out of 63 brokers for Research on ForexBrokers.com, while Questrade scores 3.5 stars and ranks #34. Choose FP Markets if you want in-platform news, commentary, sentiment insights, and a calendar; pick Questrade if TipRanks is your priority alongside core third-party research tools.
| 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.
If you’re new to trading, FP Markets stands out for education. It runs online client webinars at least once a month and offers a sizable video library designed for different skill levels, with 10+ beginner videos and 10+ advanced videos. Questrade, by comparison, does not host monthly webinars and doesn’t reach the 10-video mark for either beginner or advanced trading topics, so its catalog is smaller for learners who want structured, step-by-step content.
These gaps show up in the ratings. ForexBrokers.com gives FP Markets 4 stars for Education and ranks it 22nd out of 63 brokers, while Questrade earns 3.5 stars and ranks 28th. For beginners who prefer regular live sessions and a clear path of video lessons, FP Markets provides more hands-on learning, whereas Questrade’s education may require supplementing with outside resources.
| 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
|
|---|---|---|
| Overall Rating |
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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) - Standard account | 1.3 | 0.8 or higher | |
| 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 | $0 | |
| 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 | 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 | |
|---|---|---|---|
| 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 | 90 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Questrade Review |
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