BlackBull Markets vs Questrade 2026

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.

Regulation

BlackBull Markets vs. Questrade: safety at a glance. ForexBrokers.com assigns BlackBull Markets a Trust Score of 77/99, which falls into the “average risk” band (70–79), while Questrade scores 85/99, placing it in the “trusted” band (80–89). For context, scores of 90–99 are highly trusted, 60–69 are high risk, and under 59 should not be trusted.

On regulatory footing, both online brokers hold one Tier-1 license (considered highly trusted) and zero Tier-2 licenses. Neither company is publicly traded or a bank. Questrade was founded in 2000, whereas BlackBull Markets began in 2014—helpful background if you weigh operating history alongside licensing and Trust Scores when comparing brokers.

Feature	BlackBull Markets	Questrade
Year Founded info	2014	2000
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Fees

BlackBull Markets comes out ahead of Questrade on commissions and fees. BlackBull’s trading costs are about average overall, but they can be quite competitive on its Prime account, where the EUR/USD spread was 0.16 pips in March 2024 and the all-in cost worked out to about 0.76 pips after commission. The Standard account has no commission and no minimum deposit, while the Prime account requires a $2,000 deposit and charges $3 per side, or $6 round turn per lot. BlackBull Markets is rated 4.5/5 stars and is ranked #9 out of 36 brokers for commissions and fees.

Questrade uses a spread-only pricing model for forex, so the cost is built into the buy-sell spread instead of a separate commission. While Questrade says spreads can start at 0.8 pips, real-world major-pair spreads were closer to 2.1 to 2.5 pips in the review, which can make trades more expensive. For CFDs, Questrade adds a $9.95 USD fee per unit on top of the spread, and overnight financing can raise costs further. Questrade is rated 3.5/5 stars and is ranked #33 out of 36 brokers for commissions and fees.

In simple terms, BlackBull Markets is generally the better choice if keeping trading costs low is a priority, especially for active forex traders who use the Prime or ECN Institutional accounts. Questrade may still appeal to some traders, but its wider spreads and added CFD fees can make it less cost-friendly overall.

Feature	BlackBull Markets	Questrade
Minimum Deposit info	$0	$0
Average spread (EUR/USD) - Standard account info	1.16 info	0.8 or higher
All-in Cost EUR/USD - Active info	0.76 info	N/A
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

When it comes to range of investments, BlackBull Markets offers more choice overall than Questrade. BlackBull Markets lists about 26,000 tradeable symbols, compared with 675 at Questrade, and it also gives access to 72 forex pairs. Questrade actually offers more forex pairs at 110, but both brokers support forex trading. BlackBull Markets also stands out for offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone, while Questrade does not offer these market-listed stocks.

BlackBull Markets also supports copy trading and cryptocurrency CFDs, while Questrade does not offer either. Neither broker lets clients buy actual, delivered cryptocurrency. Even so, both brokers receive a 5-star rating for Range of Investments, though BlackBull Markets ranks higher overall in ForexBrokers.com’s category list at #7, ahead of Questrade at #12. For investors who want a wider selection of markets and products, BlackBull Markets has the edge, while Questrade’s forex pair count is stronger.

Feature	BlackBull Markets	Questrade
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	675
Forex Pairs (Total) info	72	110
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	Yes	No
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.

Trading platforms and tools

BlackBull Markets and Questrade both give traders a good mix of platform choices, including a free demo account, desktop software for Windows, a web-based platform, and the ability to trade directly from charts. Both brokers also earn 4 out of 5 stars for trading platforms and tools, with BlackBull Markets ranked #25 out of 36 brokers and Questrade ranked #28 in the same category. For traders who want to practice first or switch between devices, each broker covers the basics well.

The bigger differences come down to extra features. BlackBull Markets stands out with copy trading plus support for MetaTrader 4 and MetaTrader 5, making it a stronger pick for traders who want popular third-party tools and the option to follow other traders. Questrade, on the other hand, offers its own in-house platform, which BlackBull Markets does not. In simple terms, BlackBull Markets is better for MetaTrader users and copy trading, while Questrade may appeal more to traders who prefer a proprietary platform built by the broker itself.

Feature	BlackBull Markets	Questrade
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	109	64
Charting - Trade From Chart info	Yes	Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

BlackBull Markets and Questrade both give traders mobile apps for iPhone and Android, along with key features like price alerts, watchlist syncing, trendline drawing, and auto-saving chart drawings. That means you can check markets and manage watchlists on the go with either broker, and updates made in the app will sync with your online account. In other words, both platforms cover the mobile trading basics well for everyday investors and active traders alike.

The main difference comes down to charting and overall app ratings. Questrade offers 64 technical studies in its mobile charting tools, compared with 30 at BlackBull Markets, which may matter more to traders who rely on technical analysis. Still, BlackBull Markets holds a slight edge in mobile trading app ratings, earning 4 stars versus Questrade’s 3.5 stars, and it also ranks just ahead at #27 out of 36 brokers, compared with Questrade at #28.

Feature	BlackBull Markets	Questrade
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	30	64
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

BlackBull Markets comes out ahead of Questrade for market research, with a 4.5-star Research rating and a ForexBrokers.com ranking of #17 out of 36 brokers, compared with Questrade’s 3.5-star rating and #34 ranking. BlackBull Markets also offers daily market commentary, Autochartist tools, sentiment data showing long and short positioning, and an economic calendar for tracking global events. Questrade does not provide daily market commentary or a sentiment tool, but it does include Autochartist and adds Trading Central plus TipRanks research.

Neither broker offers forex news from major sources like Bloomberg, Reuters, or Dow Jones, and neither provides Acuity Trading tools such as Signal Centre. In simple terms, BlackBull Markets gives traders more built-in market updates and event tracking, while Questrade stands out for offering Trading Central and TipRanks alongside Autochartist.

Feature	BlackBull Markets	Questrade
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No	No
Autochartist info	Yes	Yes
Trading Central info	No	Yes
Client sentiment data info	Yes	No
TipRanks info	No	Yes
Acuity Trading info	No	No
Economic Calendar info	Yes	No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking for trading education, BlackBull Markets comes out ahead of Questrade. BlackBull Markets offers forex and CFDs learning material, at least one online educational client webinar each month, and plenty of beginner-focused videos, along with advanced videos for traders who want to keep learning. Questrade also provides educational content, but it does not match BlackBull Markets on the amount of forex or CFDs education, webinar access, or the number of beginner and advanced video lessons available.

That difference shows up in ratings and rankings too. BlackBull Markets is rated 4.5 out of 5 stars for Education and ranks #24 out of 36 brokers in the ForexBrokers.com Education category, while Questrade is rated 3.5 stars and ranks #28. For new traders who want more step-by-step learning resources, BlackBull Markets offers a stronger starting point than Questrade.

Feature	BlackBull Markets	Questrade
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Questrade. BlackBull Markets finished with an overall rank of #22, while Questrade finished with an overall rank of #29.

BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.

Feature	BlackBull Markets	Questrade
Overall Rating info
Trust Score info	77	85
Range of Investments
Trading Fees
Trading Platforms
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	Questrade
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	85
Winner	check_circle
Review	BlackBull Markets Review	Questrade Review

Broker Screenshots	BlackBull Markets	Questrade
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	Questrade
Trust Score info	77	85
Year Founded info	2014	2000
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	Questrade
Australia (ASIC Authorised) info	No
Canada (CIRO Authorised) info	No	Yes
Hong Kong (SFC Authorised) info	No	No
Japan (FSA Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info		No
United Kingdom (U.K.) (FCA Authorised) info	No	No
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No

Tier-2 Licenses (Trusted)	BlackBull Markets	Questrade
Kenya (CMA Authorised) info		No
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or CMA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info		No

Investments	BlackBull Markets	Questrade
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	675
Forex Pairs (Total) info	72	110
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	Yes	No
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	BlackBull Markets	Questrade
Average spread (EUR/USD) - Standard account info	1.16 info	0.8 or higher
All-in Cost EUR/USD - Active info	0.76 info	N/A
Inactivity Fee info	No	No
Order execution: Agency info	No	Yes
Order execution: Market Maker info	Yes	No

Funding	BlackBull Markets	Questrade
Minimum Deposit info	$0	$0
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	BlackBull Markets	Questrade
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	BlackBull Markets	Questrade
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	64
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	BlackBull Markets	Questrade
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	30	64
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	Questrade
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No	No
Autochartist info	Yes	Yes
Trading Central info	No	Yes
TipRanks info	No	Yes
Client sentiment data info	Yes	No
Economic Calendar info	Yes	No

Education	BlackBull Markets	Questrade
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	BlackBull Markets Review	Questrade Review

Overall	BlackBull Markets	Questrade
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	85
Winner	check_circle
Review	BlackBull Markets Review	Questrade Review