Written by ForexBrokers.com
In this head to head comparison of Questrade vs Markets4you, 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 Markets4you offer online brokerage services, but differ significantly in terms of trust and regulatory standing. Founded in 2000, Questrade has built a reputation as a trusted broker, earning a Trust Score of 86 out of 99 from ForexBrokers.com. It holds two Tier-1 licenses, which are highly trusted in the industry, making it a reliable choice for those seeking to invest with confidence. Though not a bank or publicly traded, Questrade’s regulatory credentials establish it as a secure option for traders.
In contrast, Markets4you, established in 2007, exhibits a higher risk profile with a Trust Score of 61. Lacking both Tier-1 and Tier-2 licenses, Markets4you is considered high risk by industry standards, which is critical information for potential clients evaluating their options. Like Questrade, Markets4you is neither a bank nor a publicly traded company, but the absence of strong regulatory backing may raise concerns for investors prioritizing peace of mind and security. Overall, Questrade's higher trust ratings and regulatory accolades offer a more secure investment environment compared to Markets4you.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| Year Founded | 2000 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When considering the costs associated with online brokers, Questrade and Markets4you each present unique profiles in terms of commissions and fees. Questrade's target spreads for the EUR/USD currency pair are at 1.9 pips, which is considerably higher than the industry average, potentially impacting the overall trading cost for users. This aspect contributes to its three-star rating and positions it at rank #58 out of 63 brokers in the Commissions and Fees category, as evaluated by ForexBrokers.com.
In contrast, Markets4you's detailed spread data remains unavailable, making it difficult for traders to gauge their specific trading costs upfront. However, with an overall rating of 3.5 stars for commissions and fees, Markets4you is slightly favored over Questrade in this regard. The broker is ranked #54 by ForexBrokers.com, indicating a marginally better standing for cost efficiency compared to Questrade.
For traders, these rankings and ratings provide a useful snapshot of each broker’s fee structures and potential financial outlay while trading. Evaluating these factors can assist in making an informed decision on which broker’s pricing aligns closer with their trading strategy and budget considerations.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| 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 comparing investment options for online brokers, Questrade stands out with a significantly wider selection than Markets4you. Questrade boasts 641 tradeable symbols and a substantial offering of 110 forex pairs, delivering extensive choices for both conventional and forex investors. In contrast, Markets4you provides 150 tradeable symbols and 43 forex pairs, catering to a more focused audience. Moreover, Questrade gives clients the ability to invest in U.S. and international exchange-traded securities, allowing purchases of shares like Apple on NASDAQ, as well as global options. Markets4you, on the other hand, does not provide these opportunities, limiting investment to a narrower scope.
Both brokers offer forex trading through CFDs or spot contracts and the ability to trade cryptocurrency derivatives rather than the actual cryptocurrencies. However, Questrade does not provide copy trading services, whereas Markets4you does. Despite this, Questrade is rated 5 stars for its range of investments, reflecting its broad offerings, compared to Markets4you's 3.5 stars. According to ForexBrokers.com, Questrade ranks impressively at #11 out of 63 for its investment range, while Markets4you is positioned much lower at #58, emphasizing the significant differences in the breadth of their investment opportunities.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 150 |
| Forex Pairs (Total) | 110 | 43 |
| 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 Markets4you both present online traders with simulated trading options, allowing users to engage with their platforms through free virtual demo accounts. Each broker has developed proprietary platforms tailored to enhance user experience, catering to both Windows-based desktop users and those preferring web-based platforms. While Questrade opts out of offering popular trading software like MetaTrader 4 and 5, Markets4you incorporates both, enhancing its appeal to users who value these traditional industry tools. On the flip side, Questrade includes DupliTrade in its lineup—another advantage for traders that Markets4you does not share.
When looking at charting features, Questrade provides a richer experience with 20 drawing tools compared to Markets4you's 15. Both platforms support trading directly from stock charts, offering seamless trading experiences. Watchlist features reveal more differences, with Questrade supporting a substantial 52 fields compared to the 7 offered by Markets4you. Despite these differences, both platforms enjoy a strong four-star rating for their trading platforms and tools. However, Questrade holds an edge in the ForexBrokers.com rankings, coming in at position 34 out of 63 brokers, in contrast to Markets4you, which is ranked at 52.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| 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 Markets4you, both platforms offer convenient options for on-the-go trading. They provide apps compatible with iPhone and Android devices, enabling users to trade seamlessly from their smartphones. In terms of alerts and watchlists, both apps offer stock and forex price alerts. However, Questrade stands out with its feature to sync watchlist symbols between the app and the online account, a feature Markets4you lacks. Both apps allow users to create watchlists with real-time quotes. When it comes to charting tools, Questrade takes the lead, offering 64 technical studies compared to the 30 available on Markets4you, along with the ability to draw trendlines and view multiple time frames.
In user ratings, both apps score a solid four out of five stars. However, Questrade is ranked higher at #34, compared to Markets4you's #50, out of 63 brokers by ForexBrokers.com. Both apps allow drawings on stock or forex charts that are autosaved, ensuring that important insights are never lost. While both platforms offer substantial features for mobile trading, Questrade’s additional syncing capabilities and extensive charting tools may make it a more attractive option for traders seeking a comprehensive mobile experience.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| 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 it comes to market research, Markets4you gains an edge over Questrade by offering daily market commentary and providing forex news from acclaimed sources like Bloomberg and Reuters. Both platforms offer multiple technical analysis tools from Autochartist and Trading Central, ensuring users have access to advanced analytics for informed decision making. However, Questrade stands out with its access to market research from TipRanks, a service not available with Markets4you.
Both Questrade and Markets4you lack certain features, such as sentiment-based trading tools and research tools from Acuity Trading. They do provide economic calendars to keep investors informed on global economic events. Despite having different strengths, both brokers are rated evenly with 3.5 out of 5 stars for research. However, Markets4you holds a slightly better position, ranking #47 as opposed to Questrade’s #51, among 63 brokers evaluated by ForexBrokers.com.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| 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 Markets4you offer valuable options for those who are starting their journey in trading. Questrade provides a variety of educational materials on forex and CFDs, easily surpassing the minimum requirement of 10 pieces. They also offer a searchable archive of recorded webinars. On the other hand, Markets4you matches Questrade in diversity with their own range of educational articles, videos, and archived webinars focusing on forex and CFDs. Both platforms, however, do not conduct monthly live webinars.
Questrade takes the lead in offering beginner-friendly content, providing at least 10 videos tailored for new traders, a feature not matched by Markets4you. However, neither platform excels in catering to advanced users with educational videos or dictionaries covering investing terms. Both Questrade and Markets4you secure a similar educational rating of 3.5 out of 5 stars, reflecting their strengths and limitations. Despite these equal ratings, Markets4you ranks slightly higher in the Education category by ForexBrokers.com, landing at #26 compared to Questrade's rank at #36. Overall, both brokers offer a solid start for beginners, with slight variations in the resources they provide.
| Feature |
Questrade
|
Markets4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| 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 Markets4you. Questrade finished with an overall rank of #32, while Markets4you finished with an overall rank of #56.
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
|
Markets4you
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 86 | 61 |
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Both Questrade and Markets4you do not provide the option to purchase actual (delivered) cryptocurrency, but they each offer the ability to buy cryptocurrency derivatives.
Neither Questrade nor Markets4you provide ACH or SEPA transfers, nor PayPal options for depositing or withdrawing funds, but both support Visa or Mastercard and bank wires, with Markets4you additionally offering Skrill as a payment 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 | Markets4you | |
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| Trust Score | 86 | 61 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Markets4you | |
|---|---|---|---|
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| Regulation | Questrade | Markets4you | |
|---|---|---|---|
| Trust Score | 86 | 61 | |
| Year Founded | 2000 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Markets4you | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Questrade | Markets4you | |
|---|---|---|---|
| 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 | Markets4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 150 | |
| Forex Pairs (Total) | 110 | 43 | |
| 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 | Markets4you | |
|---|---|---|---|
| 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 | Markets4you | |
|---|---|---|---|
| Minimum Deposit | $250 | $0 | |
| 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 | Markets4you | |
|---|---|---|---|
| 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 | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Markets4you | |
|---|---|---|---|
| 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 | Markets4you | |
|---|---|---|---|
| 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 | Markets4you | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Markets4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| 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 | Markets4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | Questrade Review |
| Overall | Questrade | Markets4you | |
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| Trust Score | 86 | 61 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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