Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 vs Questrade: Plus500 (founded 2008) is a publicly traded online broker, while Questrade (founded 2000) is privately held. Neither is a bank. According to ForexBrokers.com, Plus500 holds a Trust Score of 99 (90–99 = highly trusted), and Questrade scores 85 (80–89 = trusted).
Regulation and licenses: Plus500 holds 7 Tier-1 licenses and 4 Tier-2 licenses, whereas Questrade holds 1 Tier-1 license and no Tier-2 licenses. Since Tier-1 regulators are viewed as highly trusted and Tier-2 as trusted by ForexBrokers.com, Plus500 has a wider regulatory footprint, while Questrade remains in the trusted range.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Year Founded | 2008 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 4 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Comparing commissions and fees, Plus500 earns 4.0 out of 5 stars and ranks #24 out of 63 brokers for the Commissions and Fees category at ForexBrokers.com, while Questrade scores 3.5 out of 5 stars and ranks #33 out of 63. Both rely on spread-based pricing for forex and CFDs, but the typical costs you’ll face differ in meaningful ways.
Plus500’s overall pricing sits slightly above the industry average and it doesn’t offer retail discounts, though Professional clients may qualify for cash rebates. In April 2024, Plus500’s average EUR/USD spread was about 1.5 pips—higher than the broader market average, but still lean enough to beat Questrade’s typical spreads on major pairs. As always, spreads and financing fees can change with market conditions.
Questrade Global builds costs into the spread and charges no separate commission on forex, yet real-world averages on major pairs tended to run around 2.1–2.5 pips (about $20 per standard-lot trade at ~2 pips), wider than Plus500’s 1.5-pip April average. For CFDs, Questrade also adds a $9.95 USD fee when you open and again when you close a position, so a single-unit Tesla CFD would cost roughly $19.95 round-trip before any overnight financing. Bottom line: Plus500 can be the cheaper choice for typical forex spreads, while Questrade’s added CFD fee can make smaller trades more costly.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Minimum Deposit | €50 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Plus500 vs. Questrade: when it comes to available markets, Plus500 lists about 5,500 tradeable symbols compared to Questrade’s 675. Both support forex trading, though Questrade offers more currency pairs (110 vs. 65). For stocks, Plus500 lets you buy exchange‑traded securities on both U.S. and international exchanges, while Questrade does not. Neither broker supports copy trading or the purchase of actual (delivered) cryptocurrency. Plus500 does offer cryptocurrency CFDs; Questrade does not.
Ratings-wise, ForexBrokers.com scores Questrade at 5/5 for Range of Investments and ranks it #12 out of 63 brokers, while Plus500 earns 4.5/5 and ranks #16. In short, Plus500 stands out for overall symbol count, access to U.S. and international exchange‑traded shares, and crypto CFDs, whereas Questrade appeals if you want a larger list of forex pairs.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 675 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
Dive deeper: Best Copy Trading Platforms.
Plus500 vs Questrade: Both online brokers offer a free paper trading demo account and their own proprietary platforms. If you need a Windows desktop download, Questrade provides one, while Plus500 does not; both support trading in a web browser. Neither broker offers copy trading or support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Questrade also allows trading directly from a chart, a feature not available at Plus500.
For trading platforms and tools, ForexBrokers.com rates Plus500 at 4.5 out of 5 stars (ranked #14 of 63) and Questrade at 4 out of 5 stars (ranked #28 of 63). Choose Questrade if you want a Windows desktop platform and chart-based order entry; pick Plus500 if you prefer a straightforward web platform and a higher platform-and-tools score. Both let you practice with a free demo account.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 64 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and Questrade both deliver full-featured mobile trading apps for iPhone and Android. Each one supports price alerts for stocks and forex, watchlist syncing between mobile and your online account, and the ability to draw trendlines on charts. For charting depth, Plus500 offers 115 technical indicators, while Questrade provides 64. One key difference: Questrade auto-saves your chart drawings, but Plus500 does not.
In independent ratings for Mobile Trading Apps, Plus500 scores 4.5 out of 5 and is ranked #14 out of 63 brokers by ForexBrokers.com, while Questrade scores 3.5 out of 5 and ranks #28. Choose Plus500 if you want more built-in indicators and a higher-rated app; pick Questrade if automatic saving of chart annotations matters most to you.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 115 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Plus500 vs Questrade: For market research, Plus500 earns 4.5/5 stars and ranks 16th out of 63 brokers on ForexBrokers.com, while Questrade scores 3.5/5 and ranks 34th. Plus500 stands out with daily market commentary, an easy-to-use economic calendar, and a sentiment tool that shows how traders are positioned. Questrade does not offer daily commentary, a calendar, or a sentiment gauge. Neither broker streams premium forex news from sources like Bloomberg, Reuters, or Dow Jones.
Both brokers include Trading Central. Questrade adds Autochartist and TipRanks for extra trade ideas, which Plus500 does not provide. Neither uses Acuity Trading. In short, choose Plus500 if you want built-in commentary, a clear calendar, and crowd sentiment in one place; pick Questrade if Autochartist pattern scanning and TipRanks analyst insights matter more to you.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to education for beginners, Plus500 has a clear edge over Questrade. Plus500 runs online client webinars at least once a month and offers a large catalog of beginner videos (10+), making it easier to learn core trading concepts in a structured way. It also provides 10+ advanced videos for when you’re ready to go deeper. Questrade, on the other hand, does not host monthly educational webinars and does not offer 10 or more beginner or advanced videos, so newcomers may find fewer guided learning paths. If you want steady, event-based learning and plenty of starter videos—especially around trading topics like forex and CFDs—Plus500 is the more beginner-friendly choice.
These differences show up in independent ratings. For Education, Plus500 scores 4.5 out of 5 stars and ranks 26th out of 63 brokers at ForexBrokers.com, while Questrade earns 3.5 out of 5 stars and ranks 28th. In short, beginners who value frequent webinars and a wide selection of videos will likely feel more supported with Plus500, whereas Questrade may suit self-directed learners who don’t rely on video courses or live sessions.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than Questrade. Plus500 finished with an overall rank of #14, while Questrade finished with an overall rank of #29.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Plus500 vs Questrade: neither broker lets you buy actual (delivered) cryptocurrency, but only Plus500 offers cryptocurrency CFDs, while Questrade offers neither real crypto nor crypto CFDs.
In a Plus500 vs Questrade comparison of deposit and withdrawal methods, both lack ACH/SEPA and support bank wire transfers, but only Plus500 also offers PayPal and Skrill (not available with Questrade).
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 | Plus500 | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
| Broker Screenshots | Plus500 | Questrade | |
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| Regulation | Plus500 | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 2008 | 2000 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 4 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No |
| Investments | Plus500 | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 675 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
| Cost | Plus500 | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | Plus500 | Questrade | |
|---|---|---|---|
| Minimum Deposit | €50 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Plus500 | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 64 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 115 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | Plus500 | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review | Questrade Review |
| Overall | Plus500 | Questrade | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
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