Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
Founded in 2010, ThinkMarkets is an online broker that emphasizes safety and reliability, boasting a Trust Score of 92 out of 99 from ForexBrokers.com, which places it in the "highly trusted" category. This strong endorsement is supported by its five Tier-1 licenses and two Tier-2 licenses, confirming the broker's adherence to strict regulatory standards. ThinkMarkets is privately owned and operates outside of the banking framework, allowing it to focus solely on providing exceptional trading services to its global clientele.
Questrade, established in 2000, presents a solid option for online trading, with a Trust Score of 86 from ForexBrokers.com, marking it as "trusted." While not publicly traded or operating as a bank, Questrade holds two Tier-1 licenses, ensuring a sound regulatory foundation. It may lack Tier-2 licenses, but its long-standing presence in the financial market reflects a commitment to trustworthy service. Both brokers cater to traders seeking dependable platforms without the complexities of bank-linked operations.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Year Founded | 2010 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
Comparing commissions and fees, ThinkMarkets edges out Questrade based on ratings from ForexBrokers.com. ThinkMarkets earns 4 out of 5 stars and ranks #48 of 63 brokers in this category, while Questrade receives 3 out of 5 stars and ranks #59 of 63. One caveat: ThinkMarkets does not provide average spread data, which makes direct price comparisons tricky. By contrast, Questrade lists a target EUR/USD spread of 1.9 pips—considered steep next to the industry average.
In plain terms, ThinkMarkets is rated more favorably for overall pricing, but it shares less detail about typical spreads. Questrade is more transparent on its target spread, yet that price point may be costly for frequent forex traders. If keeping trading costs down is your priority, these ratings suggest ThinkMarkets may offer better value, while Questrade’s disclosed EUR/USD spread signals higher ongoing costs.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $50 | $250 |
| Average spread (EUR/USD) - Standard account | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets vs Questrade: For range of investments, both brokers let you trade forex (CFD or spot) and offer crypto via CFDs (not actual coins). ThinkMarkets lists about 4,000 instruments and supports international exchange-traded shares, but it does not allow direct purchases of U.S.-listed stocks and ETFs. Questrade carries about 641 symbols yet gives you direct access to both U.S. and international exchange-traded securities. On forex, Questrade offers 110 currency pairs compared with 46 at ThinkMarkets.
Extra features and ratings also differ. ThinkMarkets includes copy trading, while Questrade does not. According to ForexBrokers.com, ThinkMarkets earns 4.5/5 stars and ranks 24th out of 63 for Range of Investments, whereas Questrade scores 5/5 stars and ranks 12th. In short, choose Questrade if you need more forex pairs and the ability to buy U.S. stocks directly; choose ThinkMarkets if you prefer a larger overall list of tradable symbols, international shares, and copy trading.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 641 |
| Forex Pairs (Total) | 46 | 110 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
Comparing ThinkMarkets vs Questrade for trading platforms and tools: both brokers offer free paper trading, their own proprietary platforms, a Windows desktop app, and a web-based platform. Each lets you place orders straight from charts. The key differences are platform breadth and features. ThinkMarkets supports copy trading and also offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not provide copy trading or MT4/MT5. If you rely on MetaTrader or want to mirror other traders, ThinkMarkets has the edge; if you prefer to stay within a broker’s in-house platform suite, both are solid choices.
As for quality scores, both ThinkMarkets and Questrade earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. In the 63-broker lineup, ThinkMarkets ranks #28 while Questrade ranks #35. Exact counts for technical indicators and watch list fields were not provided. In short, ThinkMarkets wins on third-party platform support and copy trading, while both deliver easy access through web and desktop with trade-from-chart capability.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets vs Questrade: both offer mobile trading apps for iPhone and Android. Each app supports price alerts, lets you draw trendlines on charts, and auto-saves your drawings. Both are rated 4 out of 5 stars for Mobile Trading Apps.
The differences may guide your choice. ThinkMarkets provides 94 built-in technical studies for charting, compared with 64 on Questrade, which can benefit traders who want more indicators. Questrade, however, syncs watchlists with your online account, while ThinkMarkets does not—useful if you move between phone and desktop. In ForexBrokers.com’s Mobile Trading Apps ranking of 63 brokers, ThinkMarkets is #20 and Questrade is #35. Pick ThinkMarkets if you prioritize more indicators and a stronger category ranking; choose Questrade if synced watchlists are your must-have.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 94 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at ThinkMarkets vs Questrade, ThinkMarkets stands out for day-to-day insights: it offers daily market commentary and streams forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, while Questrade does not provide daily commentary and its top-tier forex news feed is not specified. Both brokers include an economic calendar that tracks upcoming global events.
On the tools front, Questrade integrates Autochartist, Trading Central, and TipRanks, which can help with technical signals and stock research. ThinkMarkets counters with Acuity Trading tools (e.g., Signal Centre) and a sentiment indicator showing the share of long vs short positions across markets. Both are rated 3.5 out of 5 for Research by ForexBrokers.com, with ThinkMarkets ranked #51 of 63 and Questrade #52. Choose ThinkMarkets if you want daily commentary, sentiment, and top-tier forex news; choose Questrade if you value Autochartist, Trading Central, and TipRanks.
| Feature |
ThinkMarkets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing online brokers, both ThinkMarkets and Questrade offer at least 10 beginner-focused videos, making it easy to learn the basics on your own schedule. ThinkMarkets adds monthly client webinars for live learning, while Questrade does not. As your skills grow, ThinkMarkets also provides 10+ advanced videos; Questrade does not meet that mark, which may matter if you plan to progress beyond beginner topics.
It’s not confirmed whether either broker provides 10 or more forex or CFD-specific education pieces. Both earn 3.5 out of 5 stars for Education from ForexBrokers.com, but Questrade ranks higher overall in the Education category (#36 of 63) compared to ThinkMarkets (#52 of 63). Choose ThinkMarkets if live webinars and a deeper library for advanced topics are important; pick Questrade if you value a higher education ranking and are satisfied with on-demand beginner videos.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than Questrade. ThinkMarkets finished with an overall rank of #27, while Questrade finished with an overall rank of #32.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
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Questrade
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| Trust Score | 92 | 86 |
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ThinkMarkets and Questrade both do not allow purchasing actual (delivered) cryptocurrencies, but each online broker offers trading in cryptocurrency CFDs instead.
In a ThinkMarkets vs Questrade deposits-and-withdrawals comparison, both do not support ACH/SEPA; Questrade does not accept PayPal or Skrill but does allow bank wires, while PayPal, Skrill, and bank wire availability for ThinkMarkets and card (Visa/Mastercard) options for both brokers are not specified.
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 | ThinkMarkets | Questrade | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | ThinkMarkets | Questrade | |
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| Broker Gallery (click to expand) |
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| Regulation | ThinkMarkets | Questrade | |
|---|---|---|---|
| Trust Score | 92 | 86 | |
| Year Founded | 2010 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | 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) | ThinkMarkets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | 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 | ThinkMarkets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 641 | |
| Forex Pairs (Total) | 46 | 110 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | 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). |
| Cost | ThinkMarkets | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | ThinkMarkets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $50 | $250 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | ThinkMarkets | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | ThinkMarkets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 94 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | ThinkMarkets | Questrade | |
|---|---|---|---|
| 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 |
| Overall | ThinkMarkets | Questrade | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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