Written by ForexBrokers.com
In this head to head comparison of Questrade vs FXPrimus, 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.
Founded in 2000, Questrade offers a seasoned background as an online broker. Despite not being listed on any stock exchange and not functioning as a bank, Questrade holds two highly regarded Tier-1 licenses, reflecting its trustworthiness. With a Trust Score of 86 out of 99 from ForexBrokers.com, Questrade is considered a trusted option for traders.
In contrast, FXPrimus was established in 2009 and shares a similar profile of not being publicly traded or operating as a bank. While FXPrimus holds one Tier-1 license, its Trust Score of 71 categorizes it as an average-risk broker according to ForexBrokers.com ratings. This distinction may be an important consideration for those evaluating the trust levels of their trading platforms.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Questrade and FXPrimus, a key consideration for traders is the difference in their commissions and fees. Questrade offers a target spread on the EUR/USD at 1.9 pips, which is considered high relative to the industry average. This contributes to Questrade’s rating of 3 out of 5 stars for its commissions and fees. Additionally, it is ranked 58th out of 63 brokers by ForexBrokers.com in the Commissions and Fees category, indicating there may be more cost-efficient options for traders.
On the other hand, FXPrimus does not have average spread data readily available, which may make it challenging for potential clients to easily compare costs. Despite this, FXPrimus manages to secure a slightly better standing with a rating of 4 out of 5 stars. It holds a mid-tier rank of 42 out of 63 brokers, suggesting that it might offer a more favorable cost structure than some of its competitors.
In conclusion, for traders primarily concerned with commissions and fees, FXPrimus appears to offer somewhat better value compared to Questrade. However, the lack of concrete spread data from FXPrimus makes it essential for prospective clients to perform additional research or speak to a representative to fully understand potential costs.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments, Questrade outshines FXPrimus with its wide selection of options. Questrade provides access to 641 tradable symbols, including a broad array of 110 forex pairs. This makes it easier for investors to diversify their portfolios. In contrast, FXPrimus offers 140 tradable symbols and 42 forex pairs, which may limit the choices for traders looking for a more comprehensive range. Furthermore, Questrade supports direct trading of exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in big companies like Apple and Vodafone. On the other hand, FXPrimus doesn't offer this option, focusing more on contracts for difference (CFDs).
Both Questrade and FXPrimus provide forex trading as CFDs and allow clients to invest in cryptocurrency derivatives, but neither offers actual cryptocurrency purchases. While Questrade does not offer copy trading, FXPrimus does, providing a way for traders to mimic the trades of others. This slight difference may appeal to those interested in social trading aspects. Rated 5 stars and ranked 11th out of 63 brokers by ForexBrokers.com in the Range of Investments category, Questrade is a preferred choice for those seeking a broader investment range. FXPrimus, with a 3.5-star rating and a lower rank of 59th, might be more suited for traders interested in a more focused selection.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 140 |
| Forex Pairs (Total) | 110 | 42 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 and FXPrimus both provide users with essential trading platforms and tools but cater to different trader needs. Questrade stands out with its in-house developed platform, offering a seamless experience for traders, whether they're using desktop or web applications. Notably, both brokers provide free virtual demo accounts, allowing beginners to practice without risk. However, Questrade does not support popular trading platforms like MetaTrader 4 or 5, unlike FXPrimus, which offers both. While Questrade lacks copy trading, it compensates with DupliTrade integration, giving traders an alternative strategy approach that FXPrimus doesn't have.
When it comes to charting, Questrade provides 20 drawing tools, compared to FXPrimus's 15, and both allow direct trading from charts. For watchlist management, Questrade is ahead with 52 customizable columns, dramatically surpassing FXPrimus's 7 columns. These unique offerings contribute to Questrade's higher platform ranking at #34, versus FXPrimus's #49, although both share a four-star rating for their trading platforms and tools overall. Depending on individual priorities like platform variety or customization options, traders might find one broker better suited to their needs.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and FXPrimus, both platforms offer iPhone and Android applications that cater to traders on the go. Each app provides useful features like stock and forex price alerts, and the ability to draw trendlines on charts. However, Questrade edges out FXPrimus with additional functionalities, like watchlist symbol syncing. This means users can make changes on their mobile devices and have them automatically reflected in their online accounts, an option not available with FXPrimus. Also, Questrade offers 64 technical studies for charting, which is more than the 30 studies offered by FXPrimus.
Both platforms allow traders to view charts across different time frames and support watchlists with real-time quotes, with changes auto-saved on both apps. Despite these similarities, Questrade's mobile app is ranked slightly higher, securing the 34th spot out of 63 brokers according to ForexBrokers.com, while FXPrimus is ranked at 48th. Each app holds a four-star rating for mobile trading, reflecting satisfactory user experiences. Whether you choose Questrade or FXPrimus, both apps deliver essential trading functionalities, but Questrade provides additional syncing features and a larger array of technical studies for the more detail-oriented trader.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research capabilities of Questrade and FXPrimus, notable differences arise. Questrade does not provide daily market commentary, unlike FXPrimus. Both brokers lack forex news from high-profile sources such as Bloomberg or Reuters. However, Questrade stands out by offering advanced tools like those from Autochartist and Trading Central, enhancing the trader's toolkit with technical analysis. FXPrimus, on the other hand, does not provide these particular tools. Furthermore, Questrade integrates market research from TipRanks, which is not available through FXPrimus.
Both Questrade and FXPrimus offer an economic calendar to keep traders informed of global economic events. Despite these offerings, Questrade earns a slightly higher research rating of 3.5 stars compared to FXPrimus’s 3 stars. In a broader ranking by ForexBrokers.com, Questrade is placed at 51 out of 63 brokers for market research, while FXPrimus ranks at 58. These differences highlight Questrade’s edge in providing more comprehensive market analysis tools for traders.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Questrade and FXPrimus provide a range of forex and CFD educational materials, such as articles and videos, each offering more than ten pieces covering these topics. However, when evaluating live and interactive learning opportunities, FXPrimus has an edge with their commitment to offering at least one online educational webinar each month. On the other hand, Questrade does not currently provide such regular live webinars. Yet, both brokers ensure that previously held webinars are accessible through searchable archives, allowing users to catch up on missed sessions at their convenience.
For novice traders looking to access beginner-focused educational videos, Questrade stands out with a collection of over ten videos designed to help new investors understand trading concepts. In contrast, FXPrimus does not meet this benchmark. Neither platform offers a comprehensive investor dictionary or a sufficient number of advanced educational videos for seasoned traders. In terms of educational quality, Questrade earns a slightly higher rating with 3.5 stars out of five, while FXPrimus follows closely with a 3-star rating. As ranked by ForexBrokers.com, Questrade takes the 36th spot out of 63 brokers, whereas FXPrimus is placed at 51st in the education category.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | 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 FXPrimus. Questrade finished with an overall rank of #32, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both Questrade and FXPrimus provide options for purchasing cryptocurrency derivatives, but neither platform supports transactions involving actual delivered cryptocurrencies.
Both Questrade and FXPrimus do not support ACH, SEPA, or PayPal for transactions, but they both accept Visa, Mastercard, and bank wires, with FXPrimus also uniquely offering Skrill as a deposit and withdrawal method.
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 | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | FXPrimus | |
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| Regulation | Questrade | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| 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 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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 | 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 | Yes |
| Tier-2 Licenses (Trusted) | Questrade | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 140 | |
| Forex Pairs (Total) | 110 | 42 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | FXPrimus | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review |
| Overall | Questrade | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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