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.
Questrade, founded in 2000, has established itself as a trusted online broker, securing a ForexBrokers.com Trust Score of 86 out of 99. This rating indicates a high level of trust, supported by its possession of two Tier-1 licenses. These licenses affirm Questrade's strong regulatory standing, especially since Tier-1 is considered the most trustworthy category. Unlike some brokers, Questrade operates privately and is not listed on any stock exchange, nor does it function as a bank.
FXPrimus entered the market in 2009 and carries a Trust Score of 71 out of 99, according to ForexBrokers.com. This places it in the average risk category. While FXPrimus also holds a Tier-1 license, its overall trust level is lower compared to Questrade. Similar to Questrade, FXPrimus is not publicly traded and does not operate as a bank. Both brokers lack Tier-2 licenses, which are another marker of trust. Choosing between these brokers ultimately depends on whether a slightly higher trust level or other features are more important to the individual investor.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options between Questrade and FXPrimus, Questrade stands out with a broader range of offerings. With a total of 641 tradeable symbols, Questrade significantly surpasses FXPrimus's 140. This includes access to 110 forex pairs compared to FXPrimus's 42, making Questrade a strong choice for forex traders. Additionally, Questrade provides the option to trade exchange-listed securities on U.S. and international markets, allowing clients to directly purchase shares of companies like Apple and Vodafone. In contrast, FXPrimus does not offer direct access to these exchanges for stock trading.
Furthermore, both brokers offer the ability to trade cryptocurrency derivatives but not the actual cryptocurrencies themselves. Investors interested in leveraging trading tools might consider FXPrimus for its copy trading feature. However, when it comes to the variety of investment opportunities, Questrade earns a higher valuation, receiving a 5-star rating for its range of investments compared to FXPrimus's 3.5 stars. These differences in offerings and ratings are reflected in their rankings on ForexBrokers.com, where Questrade is ranked 11th out of 63 brokers, while FXPrimus ranks significantly lower at 59th.
| 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 | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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.
When comparing the trading platforms and tools of Questrade and FXPrimus, both brokers offer a versatile set of features for traders. Questrade and FXPrimus provide free virtual demo accounts, allowing users to practice trading without financial risk. Both brokers have developed proprietary platforms and support Windows-based desktop and web-based trading platforms. For those interested in copy trading, FXPrimus stands out as it supports both copy trading and MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not offer these specific platforms. However, Questrade does gain an edge with DupliTrade, which is absent in FXPrimus’ offerings. Additionally, Questrade provides a more extensive selection of drawing tools for charting with 20 options compared to FXPrimus’s 15, alongside superior watch list customization with 52 columns versus FXPrimus’s 7.
Despite these differences, both trading platforms are rated equally with four stars for their tools and capabilities. Users seeking flexibility in trading directly from stock charts will appreciate the capabilities of both brokers. However, rankings differ, as ForexBrokers.com rates Questrade at 34th place while FXPrimus is ranked 49th out of 63 brokers. These rankings reflect a slightly more favorable position for Questrade, potentially due to its broader set of customizable tools and resources designed to support traders in making informed decisions.
| 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 | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| 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 it comes to mobile trading apps, both Questrade and FXPrimus offer excellent options for traders on the go. Available on both iPhone and Android, these apps ensure traders can stay connected regardless of their device. Both apps provide valuable features like real-time price alerts, trendline drawing capabilities, and the ability to view multiple time frames on trading charts. Each platform offers real-time watchlists, but Questrade stands out with the ability to sync watchlists across devices, making it easy to manage portfolios seamlessly. Additionally, Questrade offers a more comprehensive range of technical studies, with 64 options compared to FXPrimus's 30, catering to users who rely on advanced technical analysis.
Despite these differences, both Questrade and FXPrimus have been well rated by users, each receiving four stars for their mobile trading apps. However, in a broader ranking of mobile trading apps by ForexBrokers.com, Questrade is positioned at #34 out of 63 brokers, while FXPrimus ranks at #48. This suggests that while both platforms provide essential features avid traders may seek, Questrade holds a slight edge in terms of overall ranking and feature set, making it a potentially better choice for those prioritizing advanced functionality and seamless device integration.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| 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 it comes to market research offerings, both Questrade and FXPrimus present distinct features. FXPrimus provides daily market commentary, helping traders stay informed with up-to-date insights. While neither platform offers forex news from top-tier sources, Questrade stands out with Autochartist tools and Trading Central's technical analysis, providing some strategic advantages. In contrast, FXPrimus does not include these specific research tools. Both brokers offer economic calendars to track global news events, essential for informed trading decisions.
Questrade also gains a slight edge with market research services from TipRanks, while FXPrimus falls short in this area. However, neither broker offers sentiment-based trading tools or Acuity Trading research tools. In terms of overall research ratings, Questrade scores 3.5 stars, compared to FXPrimus's 3-star rating. According to ForexBrokers.com rankings, Questrade is placed at number 51 out of 63 brokers in the Research category, outperforming FXPrimus, which is ranked at 58.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | ||
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | ||
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available at Questrade and FXPrimus for those new to forex and CFDs trading, both platforms offer a suite of learning materials but differ slightly in their offerings. Questrade meets the standard with over 10 educational pieces, such as articles and videos, specifically focused on forex and CFDs. They also provide a repository of recorded webinars, allowing clients to learn at their own pace. In addition, Questrade has a collection of beginner-friendly videos tailored to help novices grasp trading concepts. However, Questrade does not provide regular online client webinars or a comprehensive investor dictionary with a broad range of terms.
FXPrimus, on the other hand, also offers a variety of educational resources focusing on forex and CFDs, ensuring that beginners have ample content to explore. They excel in providing consistent monthly online webinars for clients, which support continuous learning and engagement. Like Questrade, FXPrimus also maintains an archive of recorded webinars, making previous sessions accessible for review. However, FXPrimus falls short in offering specific beginner educational videos and does not provide advanced educational videos or a detailed investor dictionary. Despite these slight differences, both brokers offer a foundation of educational content designed to support newcomers, with Questrade rated slightly higher at 3.5 stars compared to FXPrimus’s 3 stars for educational support. According to ForexBrokers.com, Questrade ranks higher in the educational category, coming in at #36, whereas FXPrimus is placed at #51 out of 63 brokers.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) |
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 |
| Range of Investments |
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While both Questrade and FXPrimus provide options for trading cryptocurrency derivatives, neither platform offers the ability to purchase actual cryptocurrency for delivery.
Questrade and FXPrimus both support Visa and Mastercard, as well as bank wires for deposits and withdrawals, whereas only FXPrimus offers Skrill, and neither broker supports ACH, SEPA, or PayPal transactions.
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 | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | 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) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Questrade | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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 | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Questrade | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | Yes | ||
| DupliTrade | Yes | ||
| ZuluTrade |
| 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 | ||
| 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 | Yes | ||
| Forex News (Top-Tier Sources) | |||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | |||
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) |
| 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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