Written by ForexBrokers.com
In this head to head comparison of Questrade vs VT Markets, 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 choosing an online broker, understanding their regulatory credentials is vital. Questrade and VT Markets, both established players in the trading arena, present distinct profiles. Founded in 2000, Questrade is not publicly traded or a bank, but it holds two Tier-1 licenses, highlighting a strong regulatory standing. With a Trust Score of 86 out of 99 according to ForexBrokers.com, Questrade is considered a trusted broker, offering a secure investment environment.
Comparatively, VT Markets started in 2016 and also avoids public trading and banking status. With one Tier-1 and one Tier-2 license, VT Markets demonstrates regulatory reliability, though its ForexBrokers.com Trust Score of 70 suggests an average risk level. While both brokers provide a dependable platform, Questrade’s higher score and licensing might offer more peace of mind for cautious investors.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Comparing Questrade and VT Markets reveals differences in their commission and fees structures. Questrade's approach includes target spreads on the EUR/USD at 1.9 pips. This figure is higher than the industry average, which may affect the cost efficiency for traders dealing in this currency pair. As a result, Questrade has been rated 3 out of 5 stars for commissions and fees and is ranked 58th out of 63 brokers in the category.
In contrast, VT Markets offers two types of accounts that dictate trading costs. The Standard STP account is commission-free; however, it comes with higher spreads compared to the Raw ECN account. The typical spread on the EUR/USD for the Standard STP account is around 1.2 pips. The Raw ECN account features a more competitive effective spread of 0.83 pips, which combines a 0.6 round turn commission and an average spread. VT Markets is rated 4.5 out of 5 stars for its commissions and fees structure and ranks 20th among 63 brokers in the same category.
These ratings and rankings indicate a clear distinction in cost-efficiency between the two brokers. While Questrade might not stand out for its pricing strategy, VT Markets offers more appealing options, particularly for traders who opt for the Raw ECN account. Both brokers require a minimum deposit of $100, making them accessible for a wide range of traders.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| Active Trader or VIP Discounts | ||
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investment options, Questrade and VT Markets both offer opportunities in forex trading through CFDs or spot contracts. Questrade provides a broader selection with 641 tradeable symbols, including a diverse array of 110 forex pairs. This diversity extends to exchange-listed securities on U.S. and international exchanges, allowing clients to easily buy shares from companies like Apple and Vodafone. In contrast, VT Markets delivers 1000 tradeable symbols but with a more limited choice of 39 forex pairs. VT Markets also offers trading on international exchanges and supports copy trading, which is a feature not present with Questrade. Both platforms allow trading in cryptocurrency derivatives, rather than actual cryptocurrencies.
Questrade receives high praise for its range of investments, earning a 5-star rating and ranking 11th out of 63 brokers in this category, according to ForexBrokers.com. VT Markets, while still offering a considerable suite of trading options, scores 3.5 stars and is ranked 39th by the same ranking. This comparison illustrates that Questrade may appeal more to those seeking a wider variety of investment options and exchange-listed securities, whereas VT Markets might attract traders interested in leverage trading through copy trading and a diverse symbol list.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1000 |
| Forex Pairs (Total) | 110 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of Questrade and VT Markets, both brokers present a variety of features catered to traders of all levels. Questrade offers a proprietary trading platform available across Windows-based desktop and web browsers, allowing for a tailored in-house experience. In contrast, VT Markets, while lacking a proprietary platform, compensates with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) options, both renowned for their extensive tools and capabilities. Both brokers provide simulated trading with free virtual demo accounts, enhancing learning and strategy development for beginners.
In terms of specific features, VT Markets supports copy trading, appealing to investors looking to mimic strategies of successful traders—a feature not provided by Questrade. However, Questrade users benefit from DupliTrade, adding a unique element in automated trading. For technical charting, VT Markets offers 30 drawing tools compared to Questrade’s 20, but Questrade provides flexibility with 52 customizable columns for watchlists against VT Markets' 7. Both platforms allow trading directly from stock charts, and each is rated 4 out of 5 stars by ForexBrokers.com for their trading platforms and tools, with Questrade ranked at #34 and VT Markets at #47 out of 63 brokers.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Questrade and VT Markets offer options for iPhone and Android users, allowing you to trade on the go with ease. Both platforms provide essential features like price alerts for stocks and forex, and the ability to create watchlists that display real-time quotes. However, one key difference is that Questrade supports watchlist symbol syncing, enabling your watchlists to automatically sync with your online account. VT Markets, on the other hand, does not offer this functionality. For charting enthusiasts, Questrade stands out with 64 technical studies available compared to VT Markets' 30. Both companies, however, let users draw trendlines and view multiple time frames on charts.
While both platforms auto-save drawings on charts, Questrade received a higher user experience score in terms of features. Questrade's mobile app ranks 34th out of 63 brokers on ForexBrokers.com, while VT Markets comes in at 44. Both apps are rated 4 out of 5 stars for mobile trading, showcasing their strengths in facilitating trading activities on mobile devices. Whether you prefer Questrade's broader range of technical tools or VT Markets for its simplicity, both apps offer solid alternatives for traders looking to stay connected with market movements.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Questrade and VT Markets, you'll notice distinct features suited for different trading needs. VT Markets delivers daily market commentary and provides forex news from top sources like Bloomberg and Reuters, making it ideal for traders who prioritize up-to-date market insights. Additionally, VT Markets offers a sentiment-based trading tool, enhancing traders' strategy formulation. In contrast, Questrade shines through its access to technical analysis tools from both Autochartist and Trading Central, along with market insights from TipRanks, which can benefit those who value varied research perspectives and tools.
Both brokers provide access to an economic calendar featuring global news events, supporting well-rounded market analysis. However, while Questrade offers a robust selection of research tools, its omission of daily market commentary and sentiment analysis places it slightly behind VT Markets in certain aspects. Despite these differences, both platforms receive a comparable research rating of 3.5 stars out of five. Nevertheless, VT Markets ranks a bit higher at #36 compared to Questrade’s #51 among 63 brokers evaluated by ForexBrokers.com, suggesting VT Markets may edge out in specific research-related areas.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners at Questrade and VT Markets, both online brokers offer a wealth of content to help new investors make informed decisions, particularly focusing on forex and CFDs. Questrade provides a wide range of more than ten educational pieces, such as articles, videos, or archived webinars. Similarly, VT Markets meets this standard by offering a variety of instructional materials tailored to the needs of forex and CFD traders. While both brokers excel in beginner-friendly video content, VT Markets provides an extensive investor dictionary with over 50 investing term definitions, which can be particularly useful for those new to the investing world. Despite not having a dictionary, Questrade supports beginners with a searchable archive of previously recorded webinars, offering an accessible avenue for ongoing education.
Both brokers are on par when it comes to overall education ratings, each scoring 3.5 out of 5 stars according to independent reviews. However, Questrade ranks higher in educational resources among 63 brokers, securing the 36th position compared to VT Markets at 55th. While neither offers monthly online webinars or advanced educational video content specifically for experienced traders, Questrade's higher ranking might make it a more attractive option for beginners seeking a structured learning environment. With these distinctions, both platforms provide valuable educational tools, yet Questrade might have a slight edge for those who value access to recorded educational content.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | 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 VT Markets. Questrade finished with an overall rank of #32, while VT Markets finished with an overall rank of #44.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
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VT Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 70 |
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Questrade and VT Markets both do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
When comparing online brokers Questrade and VT Markets, it's important to note that while Questrade does not support ACH, SEPA, PayPal, or Skrill for deposits and withdrawals but does accept Visa, Mastercard, and bank wires, VT Markets also provides options for Visa, Mastercard, bank wires, and uniquely offers Skrill, but similarly does not support ACH, SEPA, or PayPal transactions.
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 | Questrade | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | VT Markets Review |
| Broker Screenshots | Questrade | VT Markets | |
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| Regulation | Questrade | VT Markets | |
|---|---|---|---|
| Trust Score | 86 | 70 | |
| Year Founded | 2000 | 2016 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | VT Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | Questrade | VT Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Questrade | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1000 | |
| Forex Pairs (Total) | 110 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | 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 | Questrade | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | |||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Questrade | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Questrade | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | VT Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | Questrade | VT Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review | VT Markets Review |
| Overall | Questrade | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | VT Markets Review |
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