Written by ForexBrokers.com
In this head to head comparison of Markets.com 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.
Markets.com and Questrade are both prominent online brokers, with Markets.com founded in 1999 and Questrade following in 2000. Neither is publicly traded or operates as a bank. When it comes to trustworthiness, Markets.com holds a higher Trust Score of 93 out of 99, signifying it as highly trusted, compared to Questrade's Trust Score of 86, which is considered trusted by ForexBrokers.com standards. Both brokers are well-regulated, however, Markets.com has a slight edge with three Tier-1 licenses, indicating a higher level of trust, while Questrade holds two Tier-1 licenses.
Markets.com is further supported by one Tier-2 license for additional reliability, whereas Questrade does not have Tier-2 licenses. These differences in licensing and ratings reflect varying levels of trust and security, factors crucial when selecting an online trading platform. Both brokers offer a credible trading environment, but Markets.com's stronger regulatory footing and higher trust score might make it the preferable choice for those emphasizing security in their trading decisions.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the costs associated with trading on Markets.com and Questrade, it's clear that both platforms offer unique pricing structures, enabling users to trade with various fees and commissions. Markets.com does not provide average spread data, which makes it difficult for users to gauge potential costs at a glance. However, its overall rating for commissions and fees is 3.5 stars, positioned at #50 out of 63 brokers according to ForexBrokers.com.
Questrade, on the other hand, presents a more explicit picture with a target spread of 1.9 pips on the EUR/USD pair. This is considered steep compared to the average spreads offered by competitors in the industry. Despite this, Questrade earns a rating of 3 stars for its commissions and fees, ranking slightly lower at #58 out of 63 brokers as evaluated by ForexBrokers.com.
In summary, while both Markets.com and Questrade have their pros and cons concerning commissions and fees, Markets.com edges slightly ahead in overall rating and rank according to industry assessments. When selecting a broker, it's crucial for traders to consider these aspects in conjunction with their personal trading strategies and financial goals.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | |
| 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 range of investments offered by Markets.com and Questrade, notable differences emerge. Markets.com provides an extensive selection of 2,179 tradable symbols, which includes 57 forex pairs as part of its contract for difference (CFD) offerings. However, Markets.com does not list exchange-traded securities on U.S. or international exchanges and lacks the option for direct cryptocurrency purchases, though it does offer cryptocurrency derivatives. Furthermore, Markets.com provides copy trading services, catering to investors interested in mirroring the trades of successful peers.
On the other hand, Questrade, rated five stars for its range of investments, delivers a diversified array of 641 tradable symbols, with a strong focus on forex, offering 110 pairs. Questrade allows clients to access exchange-traded securities on both U.S. and international exchanges, offering the opportunity to directly purchase well-known stocks like Apple and Vodafone. While Questrade does not support copy trading, it matches Markets.com by offering cryptocurrency derivatives. This comprehensive versatility contributes to Questrade's higher ranking and appeal among investors seeking diverse investment options.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 641 |
| Forex Pairs (Total) | 57 | 110 |
| 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 choosing between Markets.com and Questrade for trading platforms and tools, both brokers offer features catering to a variety of trading needs. Markets.com provides a proprietary platform and supports both MetaTrader 4 and 5, appealing to traders who value platform versatility. Additionally, it offers simulated trading with a free virtual demo account and supports copy trading, enhancing learning and strategy replication opportunities. In terms of charting, Markets.com offers four drawing tools. On the other hand, Questrade also supports a proprietary platform couple with a simulated trading environment, and allows trading directly from a stock chart. Even though it doesn't support MetaTrader, it offers DupliTrade and boasts a broader selection of drawing tools with 20 available for charting enthusiasts.
Both Markets.com and Questrade provide Windows-based downloadable and web-based platforms, accommodating traders who prefer either desktop or browser access. While Markets.com offers six fields for watch lists, Questrade provides 52, giving users more granularity in tracking investments. However, despite these differing features, both brokers earn a commendable four-star rating for their trading platforms and tools. When considering a ranking within the industry, Markets.com slightly edges out Questrade by being ranked 27 out of 63 brokers compared to Questrade's position at 34. This suggests that both brokers are well-regarded, leaving the choice depending on individual preferences like the need for MetaTrader support or the comprehensive offering of charting tools.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| 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) | 89 | 64 |
| Charting - Drawing Tools (Total) | 4 | 20 |
| Charting - Trade From Chart | Yes | |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Markets.com and Questrade both cater to traders using iPhone and Android devices with their mobile trading apps, providing essential functionalities like price alerts and watchlist syncing for seamless trading experiences. Users of both apps can create watchlists with real-time quotes and draw trendlines on charts, but Questrade takes a slight edge in charting tools, offering 64 technical studies compared to the basic charting options on Markets.com. Additionally, Questrade allows for multiple time frame views and automatically saves chart drawings, features that are not confirmed for Markets.com. However, both apps have received a solid four-star rating for their mobile trading capabilities.
When it comes to rankings on ForexBrokers.com, Markets.com is positioned at #33, just a notch above Questrade at #34, suggesting a very close competition between the two. This ranking reflects minor differences that might influence a trader's choice, such as the range of charting tools and user interface preferences. Whether prioritizing advanced charting or overall usability, traders can expect reliable and comprehensive functionalities from both Markets.com and Questrade's mobile platforms.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Markets.com and Questrade, there are some distinct differences in the features available to users. Markets.com shines with its provision of daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Additionally, Markets.com provides a sentiment-based trading tool that presents the ratio of long or short positions across currency pairs, helping traders gauge market sentiment. On the other hand, Questrade excels by offering tools from Autochartist and Trading Central, which provide powerful technical and fundamental analysis resources. Moreover, Questrade grants access to market research from TipRanks, adding another layer of insight into investment decisions. Both platforms provide an economic calendar, keeping traders informed of global news events.
In terms of market research ratings, Markets.com holds a slight edge with a 4-star rating, compared to Questrade's 3.5-star rating, according to ForexBrokers.com. Additionally, Markets.com is ranked higher in the research category, positioned at #17 out of 63 brokers, whereas Questrade is ranked at #51. Ultimately, the choice between Markets.com and Questrade for market research will depend on the specific features and tools that are most beneficial to the trader's individual needs and preferences.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Markets.com and Questrade, both platforms have their unique strengths. Markets.com excels in providing frequent webinars, offering clients the opportunity to participate in educational sessions every month. Additionally, they have a comprehensive suite of beginner-friendly videos tailored for those new to trading, alongside a selection of advanced videos for experienced traders. However, Markets.com doesn’t provide a searchable archive of webinars or an investor dictionary with investing term definitions, which could be a downside for those seeking easy reference materials.
On the other hand, Questrade offers a substantial collection of over ten educational pieces focused on forex and CFDs, ensuring beginners have a solid foundation. They also provide a searchable archive of past webinars, acting as an excellent resource for those who prefer learning at their own pace. While Questrade matches Markets.com in providing beginner educational videos, it lacks in more advanced offerings, which may limit more experienced traders. In terms of user ratings, Markets.com slightly edges out Questrade, with a 4-star rating compared to Questrade's 3.5 stars, and also ranks marginally higher in the Education category according to ForexBrokers.com.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| 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 Markets.com is better than Questrade. Markets.com finished with an overall rank of #23, while Questrade finished with an overall rank of #32.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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Markets.com does not provide the ability to purchase actual delivered cryptocurrency, offering only cryptocurrency derivatives, while Questrade similarly does not support buying real cryptocurrency, providing options for digital currency derivatives instead.
While both Markets.com and Questrade provide Visa and Mastercard as well as bank wire options for depositing and withdrawing funds, Markets.com uniquely offers Skrill but lacks ACH, SEPA, and PayPal options, in contrast to Questrade, which also does not support ACH, SEPA, or PayPal transactional methods.
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 | Markets.com | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Markets.com | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Markets.com | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| 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) | Markets.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Markets.com | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 641 | |
| Forex Pairs (Total) | 57 | 110 | |
| 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 | Markets.com | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Markets.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| 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 | Markets.com | Questrade | |
|---|---|---|---|
| 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 | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Markets.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | ||
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 89 | 64 | |
| Charting - Drawing Tools (Total) | 4 | 20 | |
| Charting - Trade From Chart | Yes | ||
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | ||
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes |
| Research | Markets.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Markets.com | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | Markets.com | Questrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | ||
| AUD/USD | Yes | Yes | |
| Review | Questrade Review |
| Overall | Markets.com | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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