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 |
If you’re comparing commissions and fees, both Plus500 and Questrade price above the industry average for forex. On the key EUR/USD pair, Plus500’s average spread was 1.5 pips in April 2024, while Questrade targets 1.9 pips—meaning Plus500 is typically cheaper on this pair, though still not a low-cost leader.
Plus500 does not offer discounts to retail clients, but Professional clients may qualify for cash rebates, which can help frequent traders. Even so, its active-trader pricing trails top low-cost brokers. Questrade’s 1.9-pip target on EUR/USD is comparatively steep versus the market average, and there’s no advertised retail discounting to offset that spread.
Ratings and rankings for commissions and fees: Plus500 earns 4.0 out of 5 stars and ranks #24 out of 63 brokers at ForexBrokers.com. Questrade earns 3 out of 5 stars and ranks #33 out of 63. For cost-conscious forex traders, Plus500 generally offers the lower EUR/USD spread of the two, while neither stands out for retail discounts.
| 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.
Plus500 vs Questrade for market research: Plus500 earns 4.0/5 stars and ranks #17 out of 63 brokers on ForexBrokers.com, while Questrade earns 3.5/5 and ranks #34. Plus500 publishes daily market commentary; Questrade does not. Plus500 does not carry top-tier forex news feeds (such as Bloomberg, Reuters, or Dow Jones), and it isn’t clearly stated whether Questrade provides those feeds.
Both brokers offer Trading Central and an economic calendar. Questrade adds Autochartist and TipRanks for pattern-finding alerts and stock insights, which Plus500 doesn’t include. Plus500 offers a sentiment tool showing the balance of long vs. short positions, which Questrade lacks. Neither integrates Acuity Trading. If you value daily commentary and trader sentiment, Plus500 is the better fit; if you want Autochartist and TipRanks alongside Trading Central, Questrade stands out.
| 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 vs Questrade for beginner education: both brokers offer at least 10 beginner-friendly trading videos, making it easy to learn the basics at your own pace. Plus500 goes further with monthly client webinars and a wider video library that includes 10+ advanced topics, giving newcomers a clear path from first steps to more complex strategies. Questrade does not run monthly webinars and doesn’t provide a large set of advanced videos, so its learning path is more focused on getting started.
In third-party ratings, Plus500 earns 4.0/5 for Education and ranks 26th out of 63 brokers at ForexBrokers.com, while Questrade scores 3.5/5 and ranks 28th. If you want beginner videos plus ongoing webinars and room to grow, Plus500 has the edge. If you only need the basics, both platforms can help.
| 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
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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 (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 | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Questrade Review |
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