Written by ForexBrokers.com
In this head to head comparison of Questrade vs PU Prime, 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.
Questrade, founded in 2000, and PU Prime, founded in 2015, are both privately held online brokers that are not banks and are not listed on a stock exchange. When it comes to regulation, each broker holds 1 Tier-1 license, which ForexBrokers.com considers highly trusted. Questrade also holds no Tier-2 licenses, while PU Prime holds 2 Tier-2 licenses.
In ForexBrokers.com Trust Score terms, Questrade scores 85 out of 99, placing it in the trusted range, while PU Prime scores 79 out of 99, which is in the average-risk range. For many traders, that means Questrade has the edge on overall trust and regulatory standing, even though both brokers are privately owned and share a similar start as non-bank firms.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Year Founded | 2000 | 2015 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Questrade and PU Prime on commissions and fees, PU Prime comes out ahead for most traders. Questrade Global uses a spread-only model, so the trading cost is built into the price you see. That can sound simple, but the spreads on major forex pairs were found to be closer to 2.1 to 2.5 pips at the time of review, which can make trades more expensive than they first appear. Questrade also charges a $9.95 USD trading fee per CFD unit, and that can add up quickly on larger or more frequent trades.
PU Prime gives traders more choice. Its Standard and Cent accounts bundle costs into the spread, while its Prime and ECN accounts offer tighter starting spreads from 0.0 pips with a separate commission. For active traders, this can be easier to manage and often cheaper overall, especially with the ECN account’s low $1 per side commission. If you want a simple setup, the Standard or Cent account may fit better; if you trade often, the commission-based accounts are usually the better value.
In ForexBrokers.com’s Commissions and Fees category, Questrade is rated 3.5/5 stars and ranked #35 out of 36 brokers, while PU Prime is rated 4.0/5 stars and ranked #22 out of 36 brokers. In plain terms, PU Prime offers the stronger overall pricing setup, especially for traders looking to keep trading costs lower.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Minimum Deposit | $0 | $50.00 |
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Questrade and PU Prime take different approaches. Questrade offers 675 tradable symbols and a wider selection of forex pairs, with 110 available. PU Prime lists more total tradable symbols overall at 1000, but offers fewer forex pairs at 55. Both brokers let clients trade forex as CFDs or spot contracts, but neither one supports buying real shares on U.S. or international exchanges, such as Apple or Vodafone stock.
PU Prime does offer copy trading and cryptocurrency CFDs, which Questrade does not. On the other hand, Questrade scores higher for range of investments, with a 5-star rating and a ForexBrokers.com ranking of #12 out of 36 brokers, compared with PU Prime’s 4.0-star rating and #29 ranking. In short, Questrade is the stronger choice for forex variety, while PU Prime offers a broader mix of symbols and extra features like copy trading and crypto CFDs.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 1000 |
| Forex Pairs (Total) | 110 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
Questrade and PU Prime both give traders a choice of simulated trading, desktop software for Windows, and a web-based platform, so either broker can work well if you want to test strategies or trade from a computer browser. Both also let you place trades directly from a chart, which can make it easier to act quickly when you see a setup. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, though PU Prime is ranked a little higher overall at #25 out of 36, compared with Questrade at #30.
The main differences come down to platform choice and extra features. Questrade offers its own in-house platform, while PU Prime does not, but PU Prime adds copy trading plus support for MetaTrader 4 and MetaTrader 5, which may appeal to traders who want popular third-party tools. If you prefer a broker with a proprietary platform, Questrade has that edge; if you want MT4, MT5, or copy trading, PU Prime offers more options.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 87 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and PU Prime both offer mobile trading apps for iPhone and Android, along with stock or forex price alerts, trendline drawing on charts, and auto-saving for chart drawings. Both apps cover the basics well for traders who want to check the market and manage trades on the go. In this area, the two brokers are similar at a glance, but Questrade stands out for its watchlist syncing feature, which lets changes made in the app carry over to the online account.
Where the apps differ most is charting and overall mobile app quality. Questrade offers 64 technical studies in its mobile charts, while PU Prime offers 14, giving Questrade a much wider range for traders who rely on technical analysis. That said, PU Prime has a slightly better mobile trading app score at 4.0 stars, compared with Questrade’s 3.5 stars, and ranks higher by ForexBrokers.com in the mobile trading apps category, placing #27 out of 36 brokers versus Questrade’s #30.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 14 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Questrade and PU Prime each cover some useful basics, but they differ in a few important ways. Both brokers offer tools from Autochartist and Trading Central, which can help traders spot possible setups and review chart patterns. Neither broker provides daily market commentary from top news sources like Bloomberg, Reuters, or Dow Jones, and neither offers a sentiment tool showing long-versus-short positioning.
PU Prime has an edge for traders who want more day-to-day market updates, since it offers daily market commentary and an economic calendar with upcoming global events. Questrade stands out for including TipRanks research, which PU Prime does not. Even so, both brokers are rated 3.5 out of 5 for research, although Questrade is ranked #36 out of 36 brokers by ForexBrokers.com in this category, while PU Prime is not ranked.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | No | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, PU Prime has a clear edge over Questrade. PU Prime offers forex and CFD education with at least 10 dedicated learning pieces, monthly educational webinars, and plenty of beginner and advanced videos, making it easier for new traders to build skills step by step. Questrade also provides education, but it does not offer the same level of forex or CFD-focused material, does not run monthly educational webinars, and does not meet the mark for 10 beginner or advanced trading videos.
Both brokers are rated 3.5 out of 5 stars for Education, so their overall score is the same. Even so, PU Prime is ranked slightly higher by ForexBrokers.com for education, coming in at #29 out of 36 brokers compared with Questrade at #30. For beginners who want more trading lessons, video content, and live webinar access, PU Prime is the stronger choice.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than PU Prime. Questrade finished with an overall rank of #29, while PU Prime finished with an overall rank of #34.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
PU Prime
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 79 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing Questrade vs PU Prime, neither broker offers the ability to buy actual delivered cryptocurrency, but PU Prime does provide cryptocurrency CFD trading while Questrade does not.
When comparing Questrade vs PU Prime for funding and withdrawals, PU Prime offers more deposit and withdrawal flexibility with support for ACH or SEPA transfers and Skrill, while both brokers support bank wires and neither offers PayPal.
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 | Questrade | PU Prime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | PU Prime Review |
| Broker Screenshots | Questrade | PU Prime | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Questrade | PU Prime | |
|---|---|---|---|
| Trust Score | 85 | 79 | |
| Year Founded | 2000 | 2015 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | PU Prime | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | PU Prime | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | PU Prime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 1000 | |
| Forex Pairs (Total) | 110 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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). |
| Cost | Questrade | PU Prime | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 or higher | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.9 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | No |
| Funding | Questrade | PU Prime | |
|---|---|---|---|
| Minimum Deposit | $0 | $50.00 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | Questrade | PU Prime | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | PU Prime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | PU Prime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 14 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | PU Prime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | No | No | |
| Economic Calendar | No | Yes |
| Education | Questrade | PU Prime | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Questrade | PU Prime | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | PU Prime Review |
| Overall | Questrade | PU Prime | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | Questrade Review | PU Prime Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets