Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
DooPrime, established in 2014, and Questrade, founded in 2000, are both online brokerage firms that cater to investors seeking accessible trading platforms. Neither company is publicly traded or operates as a bank, which means they must adhere to stringent regulations to earn trust from their clients. ForexBrokers.com has rated DooPrime with a Trust Score of 83, placing it in the "trusted" category, while Questrade scores slightly higher with an 86, also earning a "trusted" status.
When examining licensing, DooPrime stands out by holding 4 Tier-1 licenses, indicating a strong level of trust and adherence to top regulatory standards. In comparison, Questrade holds 2 Tier-1 licenses, still reflecting a considerable level of reliability, though with a slightly smaller scale of regulatory endorsement. Neither company has obtained Tier-2 licenses. Overall, both brokers demonstrate a trustworthy framework for investors, albeit with differences in regulatory coverage.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When it comes to comparing DooPrime and Questrade regarding commissions and fees, both brokers offer similar experiences. DooPrime, despite lacking data on its average spreads, has been rated three out of five stars, indicating room for improvement. It holds the 58th position out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, Questrade is known for its target spreads on the EUR/USD pair at 1.9 pips, which is considered steep compared to the industry standard. Like DooPrime, Questrade also received a three-star rating for commissions and fees, showing that its cost structure could be more competitive. According to ForexBrokers.com, Questrade ranks 57th out of 62 brokers, just one spot ahead of DooPrime.
In summary, both DooPrime and Questrade have similar ratings and rankings when it comes to commissions and fees, indicating that traders might not see a significant difference in costs between these two options. However, Questrade's slightly higher rank might be a consideration for those particularly concerned with trading expenses.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 DooPrime and Questrade, both online brokers offer forex trading as a CFD or spot contract. However, DooPrime provides a significantly larger selection of tradeable symbols, boasting 10,000 options, compared to Questrade’s 641. While DooPrime has 60 tradeable forex pairs, Questrade edges ahead in this category, offering 110 forex pairs. Both brokers enable trading in exchange-traded securities on U.S. exchanges, such as Apple shares, and international exchanges, like Vodafone shares. DooPrime additionally offers copy trading, a feature that Questrade lacks.
In terms of cryptocurrency offerings, neither DooPrime nor Questrade allow the purchase of actual (delivered) cryptocurrency. Yet, Questrade stands out by providing options for cryptocurrency derivatives, unlike DooPrime. Both brokers receive a strong five-star rating for their range of investments, yet in a ranking of 62 brokers, Questrade is positioned slightly higher at #11, with DooPrime close behind at #12. Overall, both offer compelling investment opportunities, catering to diverse trading preferences.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 641 |
| Forex Pairs (Total) | 60 | 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) | No | 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 DooPrime and Questrade, both brokers offer a variety of options for traders. Both platforms provide simulated (paper) trading through free virtual demo accounts and have developed their own proprietary platforms. Traders can access both Windows-based desktop downloads and web-based platforms with either broker. However, DooPrime stands out by offering popular MetaTrader 4 and MetaTrader 5 support, which is not available with Questrade. While Questrade provides access to DupliTrade for social trading, DooPrime allows copy trading opportunities. For those interested in charting tools, Questrade slightly surpasses DooPrime by offering 20 drawing tools compared to 15, although both let users trade directly from stock charts. Questrade's watch list functionality is notably more robust with 52 columns compared to DooPrime's 7.
In terms of evaluation, both DooPrime and Questrade receive a solid 4-star rating for their trading platforms and tools, reflecting quality and user satisfaction. DooPrime ranks slightly higher on ForexBrokers.com, securing the 25th position among 62 brokers, indicating its strengths in trading platforms and tools. Questrade, while still competitive with its range of offerings, is ranked at 34th. Both brokers offer solid platforms, but the choice between them may come down to preferences for specific tools and functionalities like MetaTrader support or social trading features.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both DooPrime and Questrade offer convenient solutions for traders who prefer to manage their portfolios on the go. Each broker provides apps compatible with iPhones and Android devices. Both apps are equipped with handy features like stock and forex price alerts, trend line drawing capabilities, the option to view multiple time frames, and the creation of real-time watchlists. Additionally, both apps automatically save chart drawings, ensuring that your technical analysis remains intact across sessions.
However, there are some differences that users should consider. DooPrime’s app provides 30 technical studies for charting, while Questrade offers a more extensive range with 64. Questrade also supports watchlist symbol syncing with your online account, a feature not available with DooPrime. Rated equally at 4 stars for their mobile trading apps, the rankings differ according to ForexBrokers.com. DooPrime holds a higher position at #24 out of 62 brokers, compared to Questrade at #34, indicating a slight edge in their mobile trading platform offerings.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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.
Comparing DooPrime and Questrade for market research shows noticeable differences. DooPrime stands out by providing daily market commentary and delivering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, which gives traders an extensive overview of market movements. Questrade, however, does not offer these features, which could limit real-time market insights. Both platforms include technical analysis tools from Trading Central, but while Questrade supports Autochartist tools, DooPrime does not. Additionally, Questrade partners with TipRanks for market research, offering users another layer of insights unavailable on DooPrime.
When it comes to sentiment-based trading tools, neither DooPrime nor Questrade provides a feature that displays the ratio of long or short positions across currency pairs. Both brokers, however, offer economic calendars to keep traders informed about essential global news events. In terms of research ratings, DooPrime is rated at four out of five stars and ranks 29th out of 62 brokers according to ForexBrokers.com, reflecting its comprehensive market information offerings. Questrade, with a rating of 3.5 stars and ranking 51st, may appeal to those who value Autochartist and TipRanks tools but might not need daily commentary or premium news sources.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | Yes |
| 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 DooPrime and Questrade provide a collection of over ten educational pieces focused on forex and CFDs, consisting of articles, videos, or archived webinars. Both brokers understand the importance of beginner education and accordingly offer at least ten educational videos tailored to guide novice traders in understanding trading concepts. However, DooPrime steps ahead by also offering advanced educational videos for those with more trading experience, whereas Questrade does not provide this additional resource.
Although neither DooPrime nor Questrade hosts monthly educational webinars or maintains an investor dictionary with numerous investing terms, Questrade does provide a searchable archive of past webinars, which can be beneficial for those looking to revisit prior educational content. According to ForexBrokers.com, in terms of education ranking, DooPrime earns a slightly higher score with four stars, placing it at the 24th position out of 62 brokers. In contrast, Questrade garners 3.5 stars and is positioned at number 36, indicating a slight edge for DooPrime in the educational sphere.
| Feature |
DooPrime
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than Questrade. DooPrime finished with an overall rank of #28, while Questrade finished with an overall rank of #32.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 86 |
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When comparing the capabilities of DooPrime and Questrade for cryptocurrency trading, DooPrime does not offer the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, whereas Questrade provides the ability to trade cryptocurrency derivatives but not the actual delivered cryptocurrencies.
Both DooPrime and Questrade provide funding options through Visa, Mastercard, and bank wires, but DooPrime additionally supports PayPal and Skrill for deposits and withdrawals, options not available with Questrade, while neither broker supports ACH or SEPA transfers.
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 | DooPrime | Questrade | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | DooPrime | Questrade | |
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| Regulation | DooPrime | Questrade | |
|---|---|---|---|
| Trust Score | 83 | 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 | 4 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | DooPrime | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 641 | |
| Forex Pairs (Total) | 60 | 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) | No | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | DooPrime | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 52 | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | DooPrime | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | 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 | Questrade Review |
| Overall | DooPrime | Questrade | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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