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 and Questrade are online brokers with different profiles. Plus500 was founded in 2008 and is publicly traded; Questrade began in 2000 and is privately held. Neither is a bank. According to ForexBrokers.com, Plus500 holds a Trust Score of 99/99 (highly trusted, 90–99), while Questrade scores 85/99 (trusted, 80–89).
Regulation and licensing set them further apart. Plus500 holds six Tier-1 licenses (highly trusted) and three Tier-2 licenses (trusted), signaling wide oversight by top regulators. Questrade holds two Tier-1 licenses and no Tier-2 licenses. In short, both are regulated, but Plus500 carries more high-grade licenses and the higher Trust Score.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Year Founded | 2008 | 2000 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Comparing commissions and fees, both Plus500 and Questrade price above the industry average on forex spreads. On the EUR/USD, Plus500 averaged 1.5 pips in April 2024, while Questrade’s target spread is 1.9 pips—making Plus500 slightly cheaper on this key pair. Plus500 trails leaders like IG and Saxo for active-trader pricing and does not discount retail accounts, but it offers cash rebates if you qualify as a Professional client.
For ratings and rankings: Plus500 earns 4.0/5 stars for commissions and fees and ranks #24 out of 63 brokers in ForexBrokers.com’s Commissions and Fees category. Questrade earns 3.5/5 stars and ranks #33 out of 63.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Minimum Deposit | €50 | $250 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| 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.
Comparing Plus500 vs Questrade for range of investments: Plus500 lists 5,500 tradeable symbols, while Questrade offers 641. In forex, Questrade carries 110 pairs versus 65 at Plus500, and both let you trade forex as CFDs or spot contracts. Each broker also supports exchange-traded securities on U.S. and international exchanges—for example Apple (NASDAQ: AAPL) and Vodafone (London Stock Exchange: VOD). Neither offers copy trading. For crypto, both provide cryptocurrency CFDs, but neither supports buying the actual coins.
Independent ratings echo this split. Questrade is rated 5 stars and ranks #12 of 63 brokers for Range of Investments at ForexBrokers.com, while Plus500 is rated 4.5 stars and ranks #17. Choose Plus500 if you value a larger overall instrument list, or Questrade if you want more currency pairs, with both covering U.S. and global stocks.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 641 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). 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.
Comparing Plus500 vs Questrade for mobile trading, both brokers offer iPhone and Android apps with stock and forex price alerts. Each app also syncs watchlists with your online account, so any symbol changes you make on mobile or desktop carry over automatically.
For charting, Plus500 includes 115 technical studies, while Questrade offers 64. Both apps let you draw trendlines; however, Questrade auto-saves your drawings and Plus500 does not. Plus500 is rated 4.5 out of 5 stars for mobile trading apps, compared with 4 stars for Questrade. According to ForexBrokers.com, Plus500 ranks 14th out of 63 brokers for Mobile Trading Apps, while Questrade ranks 28th.
| 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.
Comparing Plus500 vs Questrade for market research: Plus500 provides daily market commentary, Trading Central tools, a sentiment gauge showing long/short positioning, and an economic calendar. It does not include top-tier forex news feeds, Autochartist, TipRanks, or Acuity Trading tools. Questrade skips daily commentary and a sentiment tool, but offers Trading Central, Autochartist, TipRanks, and an economic calendar. Availability of top-tier forex news with Questrade isn’t specified in the provided details.
Ratings from ForexBrokers.com reflect these differences: Plus500 earns 4.5/5 stars and ranks #17 of 63 for Research, while Questrade scores 3.5/5 stars and ranks #34. If you want daily insights and a built-in sentiment view, Plus500 may fit better; if you prefer Autochartist and TipRanks alongside Trading Central, Questrade could be the pick.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at Plus500 and Questrade, both brokers provide at least 10 beginner-friendly trading videos. Plus500 also runs monthly client webinars and offers 10+ advanced videos for experienced traders, giving newcomers room to grow. Questrade does not host monthly webinars and lacks a large library of advanced videos, but it can still cover the basics through its beginner video content. This summary doesn’t confirm whether either broker meets the 10-piece requirement for forex- or CFD-specific materials.
Ratings reflect the gap: Plus500 earns 4.5 out of 5 stars for Education and ranks #26 out of 63 brokers on ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. If you want structured learning with live webinars and deeper video lessons as you progress, Plus500 is the stronger pick. If you only need starter videos and prefer to learn at your own pace, Questrade can do the job.
| Feature |
Plus500
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Plus500 vs Questrade: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both support trading cryptocurrency 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Plus500 | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
| Broker Screenshots | Plus500 | Questrade | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 | 6 | 2 | |
| Tier-2 Licenses | 3 | 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) | No | 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 SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Plus500 | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 641 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). 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 | N/A | |
| 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 | $250 | |
| 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 | ||
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill