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 well-established online brokers, with Markets.com founded in 1999 and Questrade starting in 2000. Neither is publicly traded or operates as a bank. When it comes to regulatory trust, both brokers hold licenses that vary in the level of trust associated with them. Markets.com boasts three Tier-1 licenses and one Tier-2 license, while Questrade holds two Tier-1 licenses and no Tier-2 licenses. These licenses reflect their level of regulatory oversight and the trust placed in them by industry authorities.
In terms of trust scores as rated by ForexBrokers.com, Markets.com scores an impressive 93 out of 99, placing it in the "highly trusted" category. Questrade, meanwhile, earns a respectable score of 86, marking it as a "trusted" broker. These scores suggest that while both brokers are considered reliable by ForexBrokers.com, Markets.com may offer a slightly higher level of trust from a regulatory standpoint.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| 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, there are distinct differences that cater to various investor preferences. Markets.com provides an impressive array of 2,179 tradeable symbols, which includes 57 forex pairs available as CFDs or spot contracts. This broker also supports copy trading and allows trading in cryptocurrency derivatives, although it does not facilitate the purchase of actual cryptocurrencies. However, Markets.com does not offer direct access to buying exchange-traded securities on U.S. or international exchanges.
On the other hand, Questrade has a smaller selection of 641 tradeable symbols but offers a broader diversity of 110 forex pairs as CFDs or spot contracts. A significant advantage with Questrade is its ability to trade in U.S. and international exchange-traded securities, allowing investors to directly purchase stocks like Apple or Vodafone. Like Markets.com, Questrade also provides the option to trade cryptocurrency derivatives but not actual cryptocurrencies, and it does not offer copy trading services. In terms of ratings, Questrade scores higher with 5 stars for its range of investments, ranking 11th out of 63 brokers, compared to Markets.com’s 4-star rating and 29th place.
| 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) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing Markets.com and Questrade for their trading platforms and tools, both brokers shine by providing proprietary platforms, including Windows-based desktop download and web-based trading options. Additionally, both offer simulated trading through free virtual demo accounts, enabling users to practice without financial risk. Markets.com, however, stands out by supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not offer these popular platforms. Markets.com also includes copy trading, allowing users to mirror experienced traders, a feature Questrade lacks. Despite these differences, both platforms are rated four stars for their trading tools and platforms.
In terms of charting capabilities, Questrade offers a more extensive array of tools with 20 drawing tools compared to Markets.com's 4, as well as the ability to trade directly from a stock chart. Questrade also surpasses Markets.com in watch list customization, featuring 52 columns compared to just 6 offered by Markets.com. However, for social trading enthusiasts, Questrade does integrate with DupliTrade, a feature missing from Markets.com. Furthermore, in the rankings by ForexBrokers.com, Markets.com places higher at #27, compared to Questrade's #34, although both are well-regarded for their trading platforms and 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 | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 64 |
| Charting - Drawing Tools (Total) | 4 | 20 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those interested in trading on the go, both Markets.com and Questrade offer handy mobile apps for both iPhone and Android users. These apps provide several key trading features, including stock and forex price alerts, watchlist symbol syncing, and real-time quote watchlists. However, when it comes to premium charting capabilities, there are some differences. Markets.com allows drawing trendlines on charts, but lacks the ability to view multiple time frames and auto-save chart drawings, unlike Questrade, which supports both features. While Questrade offers an impressive 64 technical studies on its mobile app, Markets.com does not provide any by default on its app, which could be a consideration for more detail-oriented traders.
Despite some limitations, both platforms have secured a solid reputation with users, each earning a commendable 4-star rating for their mobile trading apps. Markets.com is ranked slightly higher at #33 compared to Questrade's #34 in the Mobile Trading Apps category according to ForexBrokers.com. Whether you're prioritizing features like technical studies or the ability to save time frames and trendlines, both brokers offer competitive options in the world of mobile trading.
| 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 | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, Markets.com stands out with its daily market commentary and access to forex news from highly regarded sources such as Bloomberg and Reuters. Additionally, Markets.com provides a sentiment-based trading tool, offering insights into position ratios across various instruments, and features an economic calendar for tracking major global events. However, it lacks some specific technical analysis tools offered by industry leaders like Autochartist and Trading Central. This comprehensive suite of resources earns Markets.com a research rating of 4 stars, ranking it 17th out of 63 brokers according to ForexBrokers.com.
Questrade, in contrast, doesn't offer daily market commentary or top-tier forex news, but it compensates with advanced technical and fundamental tools from Autochartist and Trading Central. Users also benefit from market research provided by TipRanks, along with an economic calendar. Despite these tools, the absence of a sentiment-based trading tool might be a drawback for some traders. Overall, Questrade achieves a research rating of 3.5 stars and stands at 51st place among 63 brokers, demonstrating a solid offering with room for enhancement in news and sentiment analysis.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Markets.com and Questrade, both platforms offer unique benefits. Markets.com stands out by providing monthly online educational webinars that can be a great way for beginners to learn from experienced traders in real time, though it does not offer a searchable archive of past webinars for later viewing. Additionally, Markets.com excels in catering to those looking for in-depth trading knowledge, with more than 10 beginner and advanced educational videos available, making it a solid choice for both new and seasoned traders. However, Markets.com lacks a significant reservoir of forex or CFDs educational content and does not provide an investor dictionary.
On the other hand, Questrade shines by offering a wide range of educational materials focusing on forex or CFDs, meeting the demand with more than 10 pieces. It also features a searchable archive of previously recorded client webinars, allowing learners to access past content at their own pace, even though it does not regularly host live webinars. Questrade supports beginner traders with over 10 educational videos, but it falls short for advanced traders as it lacks sufficient advanced video content. Similar to Markets.com, Questrade does not provide an investor dictionary. In terms of user ratings, Markets.com is rated slightly higher than Questrade for educational content, suggesting a slightly more favorable leaning towards Markets.com for users prioritizing educational resources. However, Questrade’s accessible format for learning through archived webinars could make it a preferred choice for self-paced learners.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 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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Both Markets.com and Questrade do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to invest in cryptocurrency derivatives.
When comparing online brokers for funding methods, Markets.com and Questrade neither support ACH nor SEPA transfers or PayPal; however, Markets.com offers additional flexibility with Skrill, while both brokers accept Visa, Mastercard, and 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 | Markets.com | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Markets.com | Questrade | |
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| Regulation | Markets.com | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| 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 | No | |
| Canada (CIRO Authorised) | No | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Markets.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Markets.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Markets.com | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 89 | 64 | |
| Charting - Drawing Tools (Total) | 4 | 20 | |
| Charting - Trade From Chart | No | 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 | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| 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 | No | 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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