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 BlackBull Markets and Questrade in terms of trading commissions and fees, BlackBull Markets offers a more competitive pricing structure based on the provided star ratings and industry rankings. BlackBull Markets has average trading costs that vary depending on your chosen account type. For instance, its Prime account typically offers an average spread of 0.16 pips on the EUR/USD currency pair, translating to an all-in cost of 0.76 pips after including the commission. The Standard account, while commission-free and requiring no minimum deposit, tends to have higher spreads. In contrast, the Prime account, which offers lower spreads, does require a minimum deposit of $2,000 and incurs a commission of $3 per side or $6 round turn per lot. They also offer an exclusive ECN Institutional account that requires a $20,000 deposit and charges $2 per side in commission.
Questrade, on the other hand, presents a different pricing dynamic with a target spread of 1.9 pips on the EUR/USD, which is generally steeper compared to industry averages. This positions Questrade as a less cost-effective option for those primarily focused on forex trading cost efficiency. Their pricing structure might be more suitable for traders who prioritize other aspects of brokerage services beyond just spread costs.
In terms of star ratings and industry rankings, BlackBull Markets outperforms Questrade significantly. BlackBull Markets is rated 4.5 stars and holds the 18th position out of 62 brokers for its commissions and fees, according to ForexBrokers.com. Conversely, Questrade holds a 3-star rating, placing it at the 57th position. This comparison highlights BlackBull Markets as the more favorable choice for traders prioritizing competitive fees and commission structures.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | 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 offer traders the chance to explore paper trading through free virtual demo accounts, enhancing their learning experience without financial risks. While BlackBull Markets does not have an in-house developed platform, it leverages the power of the popular MetaTrader 4 and MetaTrader 5 platforms, giving users access to a variety of features including copy trading and ZuluTrade. On the other hand, Questrade provides its own proprietary platform with the inclusion of DupliTrade, but it does not support MetaTrader options or copy trading. Both brokers supply traders with the flexibility of web-based and Windows desktop platforms, catering to different trading preferences.
When it comes to charting tools, BlackBull Markets offers an edge with 60 drawing tools, compared to Questrade's 20, while both allow direct trading from stock charts for added convenience. Questrade does stand out in offering significantly more columns for watch lists, providing a more comprehensive view of market activities. Despite these differences, both brokers earned a commendable rating of 4 stars for their trading platforms and tools. In the ForexBrokers.com rankings, BlackBull Markets slightly edges out Questrade, ranking 29th compared to 34th out of 62 brokers in this category, reflecting a slight preference in tools available to their clientele.
| 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.
Both BlackBull Markets and Questrade provide intuitive mobile trading apps for iPhone and Android users, making it easy to trade on the go. Each app supports essential features like stock and forex price alerts and allows for seamless syncing of watchlists between mobile and online accounts. Additionally, trendline drawing and viewing multiple time frames on stock or forex charts are available in both apps. Real-time quotes on watchlists are also accessible, enhancing the mobile trading experience.
When it comes to charting tools, BlackBull Markets offers 30 technical studies, while Questrade provides a wider selection with 64 technical studies. Both apps ensure auto-saving of chart drawings, providing convenience and efficiency for traders. In terms of user ratings, BlackBull Markets and Questrade are both rated 4 stars out of five. However, in ForexBrokers.com rankings for mobile trading apps, BlackBull Markets slightly edges out at 31st place among 62 brokers, compared to Questrade at 34th. Both apps are strong contenders, though Questrade stands out with its more extensive charting capabilities.
| 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 | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | 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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