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.
When comparing the online brokers Plus500 and Questrade, several factors stand out, especially regarding their regulatory credentials. Plus500, founded in 2008, is publicly traded and holds 6 Tier-1 licenses, earning it a Trust Score of 99 from ForexBrokers.com. These features contribute to Plus500 being considered highly trusted. By contrast, Questrade, founded in 2000, is not publicly traded but holds 2 Tier-1 licenses and has a Trust Score of 86, categorizing it as trusted. Neither broker functions as a bank, ensuring a focused experience for investors.
While both Plus500 and Questrade have solid standings, Plus500's stronger regulatory presence with additional Tier-2 licenses highlights its dedication to safety and reliability. With Plus500's presence on a stock exchange and a perfect Trust Score, it may offer a heightened sense of security for investors compared to Questrade, which also maintains a trusted reputation but lacks the same level of licensing credentials and public company status.
| 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, Plus500 sits slightly above the industry average and trails the most aggressive forex brokers for active trader pricing. It doesn’t discount pricing for retail clients, but Professional clients who qualify can receive cash rebates (similar to an active trader program).
On spreads, Plus500 averaged 1.5 pips on EUR/USD in April 2024, which is higher than the industry norm. Questrade’s target spread on EUR/USD is 1.9 pips, making it even pricier. In short, both are on the higher side, with Plus500 currently offering the tighter spread between the two. Active traders seeking lower costs may find sharper pricing at competitors like IG or Saxo.
Ratings and rankings reflect this gap: Plus500 earns 4.0 out of 5 stars and ranks #24 of 63 for Commissions and Fees at ForexBrokers.com, while Questrade scores 3 out of 5 stars and ranks #59 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.
Plus500 vs Questrade: when it comes to the range of investments, each broker shines in different ways. Plus500 lists about 5,500 tradeable symbols, while Questrade offers around 641. If forex variety matters, Questrade leads with about 110 currency pairs compared with Plus500’s 65, and both let you trade forex via CFDs or spot contracts. Both brokers also let you buy exchange-traded U.S. and international stocks (think Apple on NASDAQ or Vodafone in London). Neither supports copy trading. For crypto exposure, both provide cryptocurrency CFDs, but neither lets you buy the actual coins.
Ratings reflect these trade-offs: Plus500 earns 4.5 out of 5 stars for Range of Investments and ranks #22 out of 63 brokers on ForexBrokers.com, while Questrade scores a full 5 stars and ranks #12. Choose Plus500 if you want a wider overall lineup of symbols; pick Questrade if you want more forex pairs alongside access to U.S. and international stocks and ETFs.
| 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 and Questrade both offer free paper trading (demo accounts) and run their own in-house trading platforms. Platform access differs: Plus500 does not have a Windows desktop download, while Questrade does. Both provide web-based trading. Neither broker supports copy trading or MetaTrader 4/5. Trading from charts is available with Questrade, but not with Plus500. The number of built-in technical indicators and watch list columns for each platform wasn’t specified.
For trading platforms and tools, ForexBrokers.com rates Plus500 at 4.5 stars (ranked #14 of 63), while Questrade earns 4 stars (ranked #35 of 63). If you want a Windows desktop platform and the ability to place orders directly from charts, Questrade has the edge. If you prefer a web-first setup with a higher category rating, Plus500 may appeal more.
| 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 offer iPhone and Android trading apps with price alerts and watchlist syncing between mobile and desktop. Each app lets you draw trendlines on charts. For technical analysis, Plus500 includes 115 built-in studies compared with Questrade’s 64. One key difference: Questrade’s app autosaves your chart drawings, while Plus500 does not, so annotations on Plus500 may need to be redrawn later.
In overall mobile experience, Plus500 earns 4.5 out of 5 stars and ranks #14 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Questrade holds 4 out of 5 stars and ranks #35. If you want a wider set of indicators and higher-rated performance, Plus500 has the edge; if autosaving chart drawings matters most, Questrade could fit better. Both are capable options for trading on the go.
| 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 and Questrade both provide market research, but they focus on different strengths. Plus500 offers daily market commentary, a trader sentiment gauge that shows the ratio of long vs. short positions, Trading Central tools, and an economic calendar. It does not include integrated forex news from top-tier outlets like Bloomberg, Reuters, or Dow Jones. Questrade, on the other hand, delivers Trading Central plus Autochartist for technical pattern recognition and TipRanks for stock research, along with an economic calendar; daily commentary is not included. Details about Questrade’s access to top-tier forex news feeds are not specified here.
According to ForexBrokers.com, Plus500 earns 4.0 stars for Research (ranked 19th of 63 brokers), while Questrade scores 3.5 stars (ranked 52nd of 63). In short, choose Plus500 if you value daily commentary and trader sentiment tools; pick Questrade if Autochartist and TipRanks are must-haves.
| 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.
Plus500 and Questrade both offer beginner-friendly education, with each providing at least 10 introductory videos that cover core trading topics in simple terms. Plus500 stands out by hosting monthly client webinars, while Questrade does not offer ongoing live sessions. In independent reviews, Plus500 scores 4.0 out of 5 for Education and ranks #31 out of 63 brokers, compared with Questrade’s 3.5 out of 5 rating and #36 ranking.
For traders who plan to grow their skills, Plus500 also supplies at least 10 advanced videos aimed at experienced traders, whereas Questrade does not meet that mark. The data here does not confirm whether either broker offers a library of 10 or more forex or CFD-specific lessons. If you value live webinars and a deeper path into advanced topics, Plus500 is the stronger pick; if you mostly need beginner videos, Questrade can still fit the bill.
| 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 #32.
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 | 86 |
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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.
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0 of 5| Overall Rating | Plus500 | Questrade | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
| Broker Screenshots | Plus500 | Questrade | |
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| Regulation | Plus500 | Questrade | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| 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 (SFC 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 | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
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