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.
Questrade, founded in 2000, and VT Markets, established in 2016, are two well-known online brokers catering to a diverse clientele. Neither of these companies is publicly traded nor operates as a bank. When considering their regulatory credentials, Questrade holds two Tier-1 licenses, categorized as highly trustworthy according to ForexBrokers.com's standards, while VT Markets holds one Tier-1 license. Furthermore, VT Markets possesses one Tier-2 license, which is regarded as trusted, while Questrade lacks any Tier-2 licenses.
When evaluating their overall trustworthiness, ForexBrokers.com has given Questrade a Trust Score of 86, putting it in the "trusted" category. In contrast, VT Markets has been assigned a Trust Score of 70, which indicates an average risk level. This disparity in Trust Scores highlights the differences in their perceived reliability, making these scores a crucial factor for potential investors to consider when choosing between the two platforms.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| 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 | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options available at Questrade and VT Markets, it's clear both platforms offer unique opportunities for traders. Questrade stands out with its extensive range of 641 tradeable symbols, including 110 forex pairs, allowing ample choice for investors seeking variety. Additionally, Questrade provides access to exchange-traded securities on U.S. and international markets, which means you can directly invest in companies like Apple or Vodafone. Although Questrade does not support copy trading, it allows trading cryptocurrency derivatives, catering to those exploring crypto markets without directly owning them.
On the other hand, VT Markets, while offering a wider selection with 1,000 tradeable symbols, provides only 39 forex pairs, focusing slightly less on currency trading. Unlike Questrade, VT Markets does not offer U.S. exchange-traded securities, but it enables trading on international exchanges. Notably, VT Markets supports copy trading, appealing to traders who prefer mirroring the strategies of successful investors. Similar to Questrade, VT Markets facilitates trading in cryptocurrency derivatives rather than the actual coins. While both platforms offer a broad array of investments, Questrade receives a higher rating in this category, earning 5 stars and ranking 11th in ForexBrokers.com's list, compared to VT Markets' 3.5 stars and 39th place.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| 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 provide access to practice trading with virtual accounts, allowing users to trial their services without financial risk. Questrade surpasses with its proprietary platform developed in-house and a variety of features for desktop and web-based trading. In contrast, while VT Markets lacks its own proprietary platform, it supports popular platforms like MetaTrader 4 and MetaTrader 5, catering to users who favor these well-known options. Both Questrade and VT Markets facilitate efficient trading directly from stock charts and offer multiple drawing tools, although VT Markets provides a broader selection with 30 tools compared to Questrade's 20.
Questrade, despite not offering copy trading, allows integration with DupliTrade, while VT Markets gives users the ability to engage in copy trading. For watch lists, Questrade provides a more comprehensive approach with 52 customizable fields against VT Markets' 7. Overall, both brokers have garnered a rating of 4 stars from ForexBrokers.com for their trading platforms and tools. When ranked among 63 brokers, Questrade stands at position #34, indicating a slightly higher preference than VT Markets, which is ranked at #47. This highlights Questrade's versatile in-house solutions and extensive customization options as key strengths.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| 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.
For traders seeking mobile trading solutions, Questrade and VT Markets both provide apps for iPhone and Android users. Each platform ensures that traders can receive stock or forex price alerts and access a variety of time frames on charts. However, Questrade excels with additional features like watchlist symbol syncing, which VT Markets lacks, allowing for seamless transitions between their mobile app and online accounts. Users of Questrade can also enjoy a broader range of technical studies, offering 64 compared to VT Markets' 30, which could be beneficial for traders who rely heavily on technical analysis.
Both apps allow for drawing trendlines directly on charts, but only Questrade's app saves these drawings automatically. This can save time for traders who frequently adjust their charts. Despite these differences, both platforms offer the ability to create watchlists with real-time quotes. When it comes to user ratings, both apps score four out of five stars, indicating a satisfactory user experience. In terms of ranking, Questrade holds the 34th position, ahead of VT Markets, which is ranked 44th among 63 brokers in the mobile trading app category on ForexBrokers.com.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the research capabilities of online brokers Questrade and VT Markets, each offers distinct advantages for traders. VT Markets stands out by providing daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, allowing traders to stay informed about market dynamics. Additionally, VT Markets offers a sentiment-based trading tool, enabling users to gauge market sentiments across different currency pairs. Conversely, Questrade excels with its technical analysis tools from Autochartist and Trading Central, providing traders with deep insights into market behavior. It also offers market research from TipRanks, delivering analysts' perspectives to help traders make informed decisions.
Both Questrade and VT Markets offer economic calendars, ensuring traders have access to current and upcoming global news events. Despite their unique offerings, both platforms receive a research rating of 3.5 stars. However, VT Markets holds a more favorable ranking for research, positioned at #36 out of 63 brokers by ForexBrokers.com, compared to Questrade's #51 ranking. This suggests VT Markets might have a slight edge in terms of research accessibility and user-favored features.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Questrade and VT Markets offer a variety of learning materials on forex and CFDs, with each platform providing more than ten articles, videos, and archived webinars focusing on these subjects. Questrade stands out with its searchable archive of previously recorded client webinars, a useful feature for beginners looking to revisit content at their own pace. VT Markets, however, lacks this function. Both brokers offer at least ten beginner-friendly educational videos, which can help new traders get a solid start in their trading journeys.
In terms of support for more advanced traders, neither platform excels as both Questrade and VT Markets do not offer a significant number of advanced educational videos. However, VT Markets provides an investor dictionary with definitions of over 50 investing terms, making it a valuable resource for those looking to expand their financial vocabulary. Overall, both brokers receive a 3.5-star rating for their educational offerings, but Questrade is ranked higher in the Education category, placing 36th out of 63 brokers, while VT Markets is ranked 55th. This edge in ranking suggests that Questrade might offer a slightly better educational experience for beginners.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | 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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 70 |
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Both Questrade and VT Markets provide the option to buy cryptocurrency derivatives, but neither platform offers the ability to purchase the actual (delivered) cryptocurrency.
When comparing online brokers Questrade and VT Markets, neither offers ACH, SEPA, or PayPal for deposits or withdrawals; however, while both support Visa, Mastercard, and bank wires, only VT Markets offers Skrill as an additional option.
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 |
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| Regulation | Questrade | VT Markets | |
|---|---|---|---|
| Trust Score | 86 | 70 | |
| Year Founded | 2000 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| 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) | No | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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 | VT Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| 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 | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| 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 | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | 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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