Written by ForexBrokers.com
In this head to head comparison of Questrade vs Fusion Markets, 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 Fusion Markets are both private brokers, not banks, and each holds one Tier-1 license, which ForexBrokers.com treats as highly trusted. Questrade was founded in 2000, while Fusion Markets began in 2019. Neither broker is publicly traded, and neither has a Tier-2 license, so their regulatory strength comes mainly from that single top-tier authorization.
On ForexBrokers.com’s Trust Score scale, Questrade scores 85 out of 99, placing it in the trusted range, while Fusion Markets scores 71, which sits in the average-risk range. In simple terms, both brokers are regulated, but Questrade has the stronger trust profile based on its higher score and longer track record.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Year Founded | 2000 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Questrade and Fusion Markets on commissions and fees, Fusion Markets comes out ahead for most cost-conscious traders. Questrade Global is a spread-only broker, so its trading costs are built into the price you see. While it advertises spreads as low as 0.8 pips, real-world pricing on major forex pairs was closer to 2.1 to 2.5 pips at the time of review, which can make a standard lot trade fairly expensive. Questrade also charges a $9.95 USD trading fee per CFD unit, and overnight financing can add even more. Questrade is rated 3.5/5 stars and ranked #34 out of 36 brokers for commissions and fees.
Fusion Markets offers more flexible pricing through two account types: Zero and Classic. The Zero account uses raw spreads starting at 0.0 pips plus a separate commission, which Fusion says can work out to about 0.5 pips all-in for many trades. That makes it a strong fit for active forex traders who want low costs and don’t mind seeing commission charges separately. The Classic account keeps things simpler by folding the fee into the spread, with spreads starting at 0.9 pips. Fusion Markets is rated 5.0/5 stars for commissions and fees, and its ForexBrokers.com ranking is not available (#N/A).
In plain terms, Fusion Markets is the cheaper choice for most forex traders, especially if you trade often or use the Zero account. Questrade may appeal to traders who prefer spread-only pricing, but its wider spreads and added CFD fees can make it more expensive overall. If low commissions and tight spreads matter most, Fusion Markets is the stronger value.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 0.91 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Questrade offers more choices than Fusion Markets. Questrade supports forex trading and gives access to 675 tradeable symbols, including 110 forex pairs. By comparison, Fusion Markets offers 250 tradeable symbols and 81 forex pairs. Neither broker lets clients buy actual shares on U.S. or international stock exchanges, so both are limited in that area.
There are also a few key differences in extra trading features. Fusion Markets offers copy trading and cryptocurrency CFDs, while Questrade does not. Questrade, however, earns a higher Range of Investments score, with 5 out of 5 stars and a ForexBrokers.com ranking of #12 out of 36 brokers. Fusion Markets is rated 3.5 out of 5 stars for this category, which suggests a smaller selection overall.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 675 | 250 |
| Forex Pairs (Total) | 110 | 81 |
| 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 Fusion Markets both give traders a choice of desktop and web-based platforms, plus free demo accounts for practice trading. Both also let users place trades directly from a stock chart, which can make it easier to act on market moves without switching screens. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers are rated 4 out of 5 stars, but Questrade is ranked #29 out of 36 brokers in this category.
The main difference is in the range of platform features. Questrade offers its own in-house platform, while Fusion Markets does not, but Fusion Markets stands out with copy trading and support for both MetaTrader 4 and MetaTrader 5, which Questrade does not offer. For traders who want built-in platform choices and more ways to follow other traders, Fusion Markets may have the edge, while Questrade may appeal to those who prefer a broker-developed platform alongside standard desktop and browser access.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| 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 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Fusion Markets both offer iPhone and Android apps, so traders can manage their accounts and place trades from either major mobile platform. Each app also supports trendline drawing on charts and saves those drawings automatically, which can help when reviewing price action on the go. Both brokers are rated 3.5 out of 5 stars for mobile trading apps, but Questrade is ranked #29 out of 36 by ForexBrokers.com, while Fusion Markets does not have a mobile-app ranking listed.
Where Questrade stands out is in the extras that matter for active mobile traders. It offers stock and forex price alerts, plus watchlist syncing between the mobile app and the online account, so changes stay updated across devices. Questrade also gives traders access to 64 technical studies in its mobile charting tools, compared with 32 at Fusion Markets, making it the stronger choice for users who want more charting options and better account-to-app integration.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade vs Fusion Markets for market research, each broker covers different basics. Neither offers daily market commentary or a sentiment tool that shows long and short positions, but Fusion Markets does provide forex news from major sources and an economic calendar, which can help traders keep track of market-moving events. Questrade, by contrast, does not offer top-tier forex news or an economic calendar, but it does include research tools from Autochartist, Trading Central, and TipRanks, giving it more built-in analysis options.
Overall, Questrade scores 3.5 out of 5 for Research and is ranked #35 out of 36 brokers by ForexBrokers.com, while Fusion Markets is rated 4.0 out of 5. In simple terms, Fusion Markets is stronger for news and event tracking, while Questrade stands out more for third-party research tools and technical analysis support.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning tools for beginners, Fusion Markets has the edge over Questrade. Fusion Markets offers enough forex or CFD-focused education to meet the minimum of 10 learning pieces, and it also provides at least 10 beginner videos plus at least 10 advanced videos for traders who want to keep learning. Questrade, by comparison, does not appear to meet these same education benchmarks for forex or CFDs, beginner videos, or advanced videos, and it also does not offer monthly educational webinars. That makes Fusion Markets the stronger choice for new traders who want more video-based help and topic-specific lessons.
Ratings tell a similar story. Questrade is rated 3.5 out of 5 stars for Education and ranks #28 out of 36 brokers at ForexBrokers.com, while Fusion Markets earns 4.0 out of 5 stars. Fusion Markets does not have a listed Education rank in the provided data, but its higher star rating and wider range of beginner-friendly content suggest a better learning experience overall for someone just starting out.
| Feature |
Questrade
|
Fusion Markets
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
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 Fusion Markets. Questrade finished with an overall rank of #29, while Fusion Markets finished with an overall rank of #N/A.
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
|
Fusion Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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When comparing Questrade vs Fusion Markets for cryptocurrency trading, neither broker offers delivered crypto purchases, but Fusion Markets does provide cryptocurrency CFDs while Questrade does not.
When comparing Questrade vs Fusion Markets, Fusion Markets offers greater flexibility for funding and withdrawals with ACH/SEPA, PayPal, and Skrill support, while both brokers support bank wire transfers.
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 | Fusion Markets | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Fusion Markets Review |
| Broker Screenshots | Questrade | Fusion Markets | |
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| Regulation | Questrade | Fusion Markets | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2000 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Fusion Markets | |
|---|---|---|---|
| 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 | 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). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | Fusion Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 675 | 250 | |
| Forex Pairs (Total) | 110 | 81 | |
| 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 | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.54 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | No |
| Funding | Questrade | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0.00 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | Questrade | Fusion Markets | |
|---|---|---|---|
| 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 | Yes |
| Trading Tools | Questrade | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Fusion Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | No | Yes |
| Education | Questrade | Fusion Markets | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Questrade | Fusion Markets | |
|---|---|---|---|
| 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 | Fusion Markets Review |
| Overall | Questrade | Fusion Markets | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review | Fusion Markets Review |
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