Written by ForexBrokers.com
In this head to head comparison of Questrade vs Eightcap, 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 2000) and Eightcap (founded 2009) are online brokers that are neither publicly traded nor banks. According to ForexBrokers.com, Questrade holds a Trust Score of 85/99 and Eightcap scores 87/99—both fall in the “trusted” range (80–89).
On regulation, Questrade holds 1 Tier-1 license and no Tier-2 licenses, while Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Tier-1 authorities are considered highly trusted and Tier-2 are trusted, indicating Eightcap has a broader top-tier regulatory footprint, while Questrade still earns a trusted rating overall.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When it comes to commissions and fees, Eightcap is the more affordable choice for most forex traders, while Questrade Global tends to cost more. Questrade uses a spread-only pricing model, so there is no separate commission on forex trades, but the spread is often wider. The broker says spreads can start at 0.8 pips, though typical major-pair spreads may be closer to 2.1 to 2.5 pips, which can make a standard-lot trade much more expensive overall. Questrade is rated 3.5 out of 5 stars and ranked #33 out of 36 for commissions and fees.
Eightcap offers two pricing setups: a spread-only Standard account and a commission-based Raw account. On the Raw account, the average spread is listed at 0.06 pips, and after the $3.50 per-side commission, the all-in cost comes to about 0.76 pips, which is competitive and slightly below the industry average. This makes Eightcap a better pick for traders looking for tighter pricing overall, especially compared with Questrade’s wider spread-based costs. Eightcap is rated 4.5 out of 5 stars and ranked #20 out of 36 for commissions and fees.
For CFDs, Questrade’s pricing can get expensive because it combines a spread with a $9.95 USD trading fee per unit, plus overnight financing costs if you hold positions open. That means the true cost of trading can rise quickly, especially on larger or longer-held trades. In short, if low commissions and fees are your main priority, Eightcap offers the better value overall, while Questrade is better suited to traders who are comfortable paying more for a spread-based model.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Eightcap for range of investments, Questrade comes out ahead overall. Questrade offers 675 tradeable symbols and 110 forex pairs, while Eightcap offers 803 tradeable symbols but only 55 forex pairs. Both brokers support forex trading as CFDs or spot contracts, but neither offers real U.S. or international exchange-traded shares, and neither lets clients buy delivered cryptocurrency.
Where Eightcap has an edge is copy trading and cryptocurrency CFDs, which Questrade does not offer. Still, Questrade earns a higher range of investments rating at 5 stars and ranks #12 out of 36 brokers, compared with Eightcap’s 3.5 stars and #29 ranking. For traders looking for a wider forex selection and a stronger overall investment range, Questrade is the better fit; for those interested in copy trading and crypto CFDs, Eightcap may appeal more.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 803 |
| Forex Pairs (Total) | 110 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Questrade and Eightcap both give traders a choice of web-based and Windows desktop platforms, plus free simulated trading accounts for practice. Each also lets you place trades directly from a chart, making it easier to act on price moves without leaving the screen. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earn 4 out of 5 stars, though Questrade ranks a bit higher overall at #28 out of 36, compared with Eightcap at #31.
The biggest difference is in platform variety. Questrade offers its own in-house trading platform, while Eightcap does not, but Eightcap makes up ground with more third-party tools, including MetaTrader 4, MetaTrader 5, and copy trading. That gives Eightcap more choices for traders who want familiar software and social trading features, while Questrade may appeal more to users who prefer a broker-built platform.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Eightcap both make it easy to trade on the go, with iPhone and Android apps, price alerts, and watchlist syncing between the mobile app and online account. Each app also lets users draw trendlines on charts, and those drawings are saved automatically. For everyday mobile trading needs, both platforms cover the basic features most people look for in a trading app.
Where Questrade stands out is charting depth: its mobile app includes 64 technical studies, compared with 30 on Eightcap’s app. Even so, Eightcap has a slightly higher mobile app rating at 4 out of 5 stars, while Questrade is rated 3.5 stars. In ForexBrokers.com’s mobile trading apps ranking, Questrade is placed #28 out of 36 brokers, ahead of Eightcap at #31.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Questrade and Eightcap each cover different needs. Questrade offers tools from Autochartist, Trading Central, and TipRanks, which can help traders spot patterns and get deeper company insights. However, it does not provide daily market commentary, sentiment tools, or an economic calendar, and it does not include forex news from top-tier sources like Bloomberg or Reuters. Its Research rating is 3.5 out of 5 stars, and it ranks #34 out of 36 brokers in ForexBrokers.com’s Research category.
Eightcap takes a different approach, offering daily market commentary, a sentiment tool, Acuity Trading research such as Signal Centre, and an economic calendar to track key global events. It does not include Autochartist, Trading Central, TipRanks, or top-tier forex news sources, but it matches Questrade with a 3.5 out of 5-star Research rating and places slightly ahead at #33 out of 36 brokers. For traders who want more built-in market updates and event tracking, Eightcap has the edge, while Questrade stands out for its third-party research tools.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to education for beginners, Questrade and Eightcap both earn the same 3.5 out of 5 stars, but they do not offer the same learning experience. Questrade does not provide forex or CFD education that reaches the 10-piece minimum, does not host monthly client webinars, and does not offer at least 10 beginner-focused videos or 10 advanced videos. In the ForexBrokers.com Education ranking, Questrade places #28 out of 36 brokers.
Eightcap is the stronger choice for new traders looking for more learning support. It does offer forex or CFD education with at least 10 pieces, runs online educational webinars at least once a month, and provides at least 10 beginner trading videos. Like Questrade, it does not meet the mark for 10 advanced videos, but it still ranks lower overall at #31 out of 36 for Education. For beginners, that makes Eightcap the more useful option for training content, while Questrade lags behind in several key areas.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
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 Eightcap. Questrade finished with an overall rank of #29, while Eightcap finished with an overall rank of #30.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 87 |
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Neither online broker Questrade nor Eightcap lets you buy actual (delivered) cryptocurrency, but Eightcap offers cryptocurrency CFDs while Questrade does not.
In the Questrade vs Eightcap deposits and withdrawals comparison, both lack ACH/SEPA and support bank wires, Eightcap additionally offers PayPal and Skrill while Questrade does not, and Visa/Mastercard availability is not specified.
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 | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
| Broker Screenshots | Questrade | Eightcap | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 87 | |
| Year Founded | 2000 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 803 | |
| Forex Pairs (Total) | 110 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Questrade | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Eightcap | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | Eightcap Review |
| Overall | Questrade | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
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