Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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 2014, BlackBull Markets is a privately-owned online broker, and while it isn't a bank or publicly traded company, it holds one Tier-1 license—considered highly trusted by industry standards. With a ForexBrokers.com Trust Score of 78, BlackBull Markets is categorized as having an average risk profile. In comparison, Questrade, established in 2000, also operates privately without being a bank or listed on a stock exchange. However, Questrade holds two Tier-1 licenses, enhancing its credibility and trustworthiness.
Questrade outshines BlackBull Markets in terms of trust, with a ForexBrokers.com Trust Score of 86, therefore classifying it as trusted. Although both brokers offer secure trading environments, Questrade's higher trust score and additional Tier-1 license may appeal to more risk-averse investors seeking reliable regulatory oversight.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of BlackBull Markets and Questrade, it's clear that each offers distinct options catered to different trading needs. BlackBull Markets provides three account types, with each modeled to accommodate various trading frequencies and deposit amounts. The Prime account stands out with an average spread of 0.16 on the EUR/USD, leading to a total cost of 0.76 pips after including the commission of $6 per 10,000 traded. While the Standard account is commission-free with higher spreads, the Prime account offers lower spreads at the expense of a $2,000 minimum deposit. For more substantial traders, the ECN Institutional account demands a $20,000 deposit but provides a more competitive $4 round turn commission per lot.
In contrast, Questrade offers a target spread of 1.9 pips on the EUR/USD, which is considered steep when compared to industry averages. While this might appeal to traders seeking simplicity, the higher spread could entail increased costs over time. It's a more straightforward fee structure, but one that might not align well with cost-sensitive traders who focus on minimizing trading expenses.
In terms of ratings, BlackBull Markets receives a commendable 4.5 stars out of five for its commissions and fees, securing the 19th spot in ForexBrokers.com's ranking among 62 brokers. On the other hand, Questrade scores 3 stars, placing it at the 57th position. This comparison highlights BlackBull Markets as the more cost-effective choice for traders focused on optimizing their trading expenses through competitive spreads and account flexibility.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments, both BlackBull Markets and Questrade stand out with their offerings, yet cater to slightly different preferences. BlackBull Markets provides an impressive array of 26,000 tradeable symbols, highlighting its broad portfolio which includes both forex CFDs and spot contracts. With 72 forex pairs available for trading, BlackBull Markets also supports investment in U.S. and international exchange-traded securities, such as Apple and Vodafone shares. Additionally, BlackBull Markets offers options to trade cryptocurrency derivatives, although it does not facilitate the purchase of actual cryptocurrencies. One of the unique features it offers is copy trading, allowing clients to mimic the trades of successful investors.
In contrast, Questrade offers a smaller scale with 641 tradeable symbols, yet surpasses BlackBull Markets in the number of forex pairs, boasting a selection of 110. Much like BlackBull, Questrade provides access to U.S. and international securities and also supports trading in cryptocurrency derivatives. However, Questrade doesn't offer copy trading or the purchase of actual cryptocurrencies. Despite these differences, both brokers are rated highly for their range of investments, each receiving five stars. According to ForexBrokers.com, BlackBull Markets takes a slight lead by being ranked 6th out of 62 brokers, while Questrade follows at 11th.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 641 |
| Forex Pairs (Total) | 72 | 110 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
BlackBull Markets and Questrade both present unique offerings in the realm of trading platforms and tools. Traders seeking virtual trading environments will appreciate that both brokers provide free demo accounts, enabling users to practice without financial risk. While Questrade offers a proprietary platform, BlackBull Markets leverages popular third-party solutions like MetaTrader 4 and 5, attracting those familiar with these industry-standard interfaces. Both brokers support desktop and web-based platforms, yet only BlackBull Markets furnishes the option for copy trading through ZuluTrade, broadening strategies for investors who prefer to adopt and follow successful trade practices of others.
When it comes to charting and customization, BlackBull Markets stands out with 60 available drawing tools compared to Questrade's 20, catering to technical traders demanding detailed analysis avenues. Both platforms permit trading directly from charts, streamlining the trading process. While Questrade excels in watch list management with 52 configurable columns for watch lists versus BlackBull's 6, both are rated similarly high at 4 stars by ForexBrokers.com for their platforms and tools. However, BlackBull Markets edges out slightly in broker rankings, achieving the 28th spot, compared to Questrade's 34th. Traders must weigh these features according to their priorities when choosing the right platform for their needs.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | Yes |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 64 |
| Charting - Drawing Tools (Total) | 60 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both BlackBull Markets and Questrade offer a comprehensive experience for iPhone and Android users. They provide stock and forex price alerts, so you can stay updated on important market moves right from your phone. If you frequently toggle between your desktop and mobile app, you'll appreciate that both brokers support watchlist syncing, ensuring any changes you make are smoothly reflected across devices. When it comes to charting tools, BlackBull Markets offers 30 technical studies, while Questrade provides a more extensive selection with 64 options. Both apps allow you to draw trendlines and switch between different time frames, such as daily or intraday, making your analysis more detailed and tailored to your needs. Moreover, any chart drawings you make are automatically saved, adding a layer of convenience to your mobile trading.
Real-time quote watchlists are available with both providers, letting you track your favorite stocks or currencies on the go. In terms of mobile app ratings, both BlackBull Markets and Questrade hold a solid 4-star rating out of five. However, there's a slight edge in the rankings by ForexBrokers.com, where BlackBull Markets is positioned at #30, while Questrade sits at #34 out of 62 brokers evaluated. Whether you're trading stocks or forex, these mobile tools from BlackBull Markets and Questrade should meet most traders' needs while keeping you connected to the markets at all times.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and Questrade both provide valuable market research tools for traders, but they cater to slightly different needs. BlackBull Markets stands out with its daily market commentary, offering its users timely insights into market trends. It also provides traders with Autochartist tools for technical and fundamental analysis and a sentiment-based trading tool to gauge market positions. Furthermore, BlackBull Markets supports traders with an economic calendar, helping them keep track of global news events. This suite of tools has earned BlackBull Markets a 4-star rating for research and the 18th spot in ForexBrokers.com’s ranking.
On the other hand, Questrade offers a unique set of research features, such as tools from Trading Central and market insights from TipRanks. Although it lacks daily market commentary and sentiment-based trading tools, Questrade, like BlackBull Markets, provides Autochartist tools and an economic calendar. Despite these offerings, Questrade holds a lower research rating of 3.5 stars and is ranked 51st by ForexBrokers.com. While both brokers have strengths in market research, your choice will depend on which specific tools better suit your trading strategy.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between BlackBull Markets and Questrade, both brokers offer over ten educational pieces on forex or CFDs, including articles, videos, and webinars. BlackBull Markets provides monthly online webinars which enhance the learning experience, while Questrade does not offer this feature. However, both platforms provide searchable archives of previously recorded webinars, allowing users to revisit past sessions at their convenience.
BlackBull Markets excels with a broader range of educational videos for both beginner and advanced traders, while Questrade caters primarily to beginners. In addition, BlackBull Markets offers an investor dictionary with definitions of over 50 investing terms, a feature that Questrade lacks. With these offerings, BlackBull Markets earns a higher education rating of 4 stars compared to Questrade's 3.5 stars. This advantage is reflected in their respective rankings among brokers, with BlackBull Markets taking the 29th spot and Questrade coming in at 36th according to ForexBrokers.com.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 #24, while Questrade finished with an overall rank of #32.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 86 |
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Both BlackBull Markets and Questrade do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide the option to trade cryptocurrency derivatives.
BlackBull Markets and Questrade both support Visa or Mastercard and bank wires for funding accounts, but only BlackBull Markets offers Skrill as an additional deposit and withdrawal option, while neither broker provides ACH, SEPA, or PayPal services.
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 | BlackBull Markets | Questrade | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
| Broker Screenshots | BlackBull Markets | Questrade | |
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| Regulation | BlackBull Markets | Questrade | |
|---|---|---|---|
| Trust Score | 78 | 86 | |
| Year Founded | 2014 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | Yes | |
| 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 641 | |
| Forex Pairs (Total) | 72 | 110 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | BlackBull Markets | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | Questrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 109 | 64 | |
| Charting - Drawing Tools (Total) | 60 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | Questrade | |
|---|---|---|---|
| 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 | BlackBull Markets Review | Questrade Review |
| Overall | BlackBull Markets | Questrade | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
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