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 |
When comparing Plus500 vs. Questrade for commissions and fees, Plus500 comes out ahead on overall pricing. Plus500’s costs are a bit above the industry average, with EUR/USD spreads averaging 1.5 pips in April 2024, but it does not add separate retail trading commissions. It also offers cash rebates for clients who qualify as Professional clients. For commissions and fees, Plus500 is rated 4.0 out of 5 stars and is ranked #24 out of 36 brokers by ForexBrokers.com.
Questrade takes a different approach by building its trading costs into the spread. That means there is no separate forex commission, but the spread is often wider than many competitors, with typical major-pair pricing closer to 2.1 to 2.5 pips, even though Questrade says spreads can start at 0.8 pips in normal market conditions. On CFDs, the pricing can become expensive because of the added $9.95 USD trading fee per unit, along with overnight financing charges if you hold positions longer. Questrade is rated 3.5 out of 5 stars for commissions and fees and is ranked #33 out of 36 brokers.
In simple terms, Plus500 is the better choice if you want a cleaner fee structure and lower overall costs than Questrade in this category. Questrade may work for some traders, but its wider spreads and extra CFD fees can add up quickly, especially for active trading or longer-held positions.
| 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.
When comparing Plus500 and Questrade for range of investments, Plus500 offers the wider menu overall. It lists about 5,500 tradeable symbols, compared with 675 at Questrade, and it also gives access to exchange-traded shares on both U.S. and international markets. Both brokers support forex trading, but Questrade offers more forex pairs at 110 versus 65 at Plus500. Plus500 also stands out for crypto traders because it lets clients trade cryptocurrency CFDs, while Questrade does not offer crypto CFDs or actual cryptocurrency.
In terms of overall ratings, Questrade edges ahead with 5 out of 5 stars for range of investments and a #12 ranking out of 36 brokers from ForexBrokers.com. Plus500 is close behind with 4.5 out of 5 stars and a #16 ranking. If you want the broader selection of markets and products, Plus500 is the stronger choice, but if your focus is forex pair variety, Questrade has the advantage.
| 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 and Questrade both give traders a free demo account, a proprietary platform, and a web-based trading platform, so each broker makes it easy to practice and trade online without a desktop download. Neither broker supports copy trading or MetaTrader 4/5, which may matter if you want to use popular third-party tools. In platform ratings, Plus500 comes out ahead with 4.5 out of 5 stars for Trading Platforms and Tools and a #14 ranking out of 36 brokers, while Questrade is rated 4 out of 5 stars and ranks #28.
The main difference is that Questrade also offers a Windows desktop trading platform and lets you trade directly from a stock chart, while Plus500 does not provide those features. For traders who want a downloadable desktop app and more chart-based order entry, Questrade may be the better fit. For those who prefer a simple browser-based setup with a strong overall platform score, Plus500 remains a competitive choice.
| 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 make it easy to trade on the go with iPhone and Android apps, plus price alerts, watchlist syncing, and trendline drawing in their mobile platforms. That means you can track markets, manage watchlists, and review charts from your phone with either broker. For traders who care about charting tools, Plus500 has the edge with 115 technical studies in its app compared with Questrade’s 64.
There are a few key differences in the mobile experience. Questrade can auto-save chart drawings, while Plus500 does not. Plus500 also scores higher overall for mobile trading apps, with a 4.5-star rating and a #14 rank out of 36 brokers from ForexBrokers.com, compared with Questrade’s 3.5 stars and #28 ranking. If you want a larger set of chart indicators and a stronger app rating, Plus500 stands out; if auto-saving drawings matters more, Questrade may be the better fit.
| 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.
When it comes to market research, Plus500 has the edge over Questrade for everyday traders who want more built-in guidance. Plus500 offers daily market commentary, a sentiment tool that shows long and short positioning, an economic calendar, and Trading Central research. Questrade also includes Trading Central, plus Autochartist and TipRanks research, but it does not provide daily market commentary, sentiment data, or an economic calendar. Neither broker offers forex news from major outlets like Bloomberg, Reuters, or Dow Jones, and neither uses Acuity Trading tools.
That difference shows up in ratings and rankings as well. Plus500 earns 4.5 out of 5 stars for research and ranks #16 out of 36 brokers in the ForexBrokers.com research category. Questrade is rated 3.5 out of 5 stars and ranks #34 out of 36. In simple terms, Plus500 offers a more complete set of market research features overall, while Questrade is stronger in a few specific third-party tools.
| 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.
For beginners looking for learning support, Plus500 has the edge over Questrade. Plus500 offers forex and CFD education, regular client webinars, and plenty of video content for both new and experienced traders, including at least 10 beginner-friendly videos and 10 advanced videos. Questrade, by comparison, does not meet the same level of forex or CFD education and does not offer monthly educational webinars or the same depth of beginner and advanced video lessons.
That difference shows up in ratings and rankings as well. Plus500 earns 4.5 out of 5 stars for Education and ranks #26 out of 36 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. For someone just starting out, Plus500 appears to offer more helpful learning tools and a wider range of education to get up to speed.
| 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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