Written by ForexBrokers.com
In this head to head comparison of Questrade vs FXPrimus, 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 2000, Questrade offers a seasoned background as an online broker. Despite not being listed on any stock exchange and not functioning as a bank, Questrade holds two highly regarded Tier-1 licenses, reflecting its trustworthiness. With a Trust Score of 86 out of 99 from ForexBrokers.com, Questrade is considered a trusted option for traders.
In contrast, FXPrimus was established in 2009 and shares a similar profile of not being publicly traded or operating as a bank. While FXPrimus holds one Tier-1 license, its Trust Score of 71 categorizes it as an average-risk broker according to ForexBrokers.com ratings. This distinction may be an important consideration for those evaluating the trust levels of their trading platforms.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Questrade and FXPrimus in terms of commissions and fees, there are notable differences in their offerings. Questrade has a spread of 1.9 pips on EUR/USD, which is considered relatively high compared to the industry average, potentially increasing overall trading costs. On the other hand, FXPrimus does not provide specific average spread data, making direct comparison challenging. However, FXPrimus is generally perceived as offering competitive pricing based on user feedback and industry reputation.
In terms of ratings, Questrade receives a 3-star rating for its commissions and fees. This rating reflects the higher-than-average spread which might deter cost-conscious traders. Ranked at number 57 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com, Questrade has room for improvement in providing more cost-effective trading solutions.
Conversely, FXPrimus holds a 4-star rating for commissions and fees. Despite the lack of published average spread data, FXPrimus's higher rating suggests a better value for traders. It ranks 42nd out of 62 brokers according to ForexBrokers.com, indicating a relatively favorable position in the market concerning costs. Traders might consider FXPrimus for potentially more economical trading conditions, despite the absence of detailed average spread figures.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| 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) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When evaluating the range of investments offered by online brokers, Questrade emerges as a comprehensive choice, especially when compared to FXPrimus. Questrade offers a wider array of trading options, featuring 641 tradeable symbols and 110 forex pairs. Conversely, FXPrimus provides access to 140 tradeable symbols and 42 forex pairs. Both platforms allow for forex trading as CFDs or spot contracts and offer cryptocurrency derivatives, although neither supports buying actual cryptocurrencies. What sets Questrade apart is its ability to offer exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone. Unfortunately, FXPrimus does not provide this option.
While Questrade does not offer copy trading, a feature available with FXPrimus, its expansive range of investments earns it a higher rating, with 5 stars compared to FXPrimus's 3.5 stars. This substantial difference is reflected in their rankings by ForexBrokers.com, where Questrade ranks #11 out of 62 brokers, highlighting its strong investment offerings. In contrast, FXPrimus is positioned much further down the list at #59. Whether you are a seasoned investor or just starting, choosing Questrade could provide access to a broader and more diverse portfolio, making it a more appealing option for those looking to maximize their trading opportunities.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 140 |
| Forex Pairs (Total) | 110 | 42 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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.
When comparing the trading platforms and tools of Questrade and FXPrimus, both brokers offer strong, user-centric platforms that cater to different trading styles. Questrade and FXPrimus both provide simulated trading, allowing newcomers to practice their skills without financial risk. Each broker has developed its own proprietary platform, alongside offering a Windows-based desktop download and a browser-based trading option. However, a stark contrast appears with copy trading options—Questrade does not support this feature, while FXPrimus offers it. Additionally, FXPrimus extends the use of MetaTrader 4 and MetaTrader 5, which are not available with Questrade. Instead, Questrade supports DupliTrade. For those who trade directly from charts, both brokers provide this functionality, although Questrade offers more drawing tools, with 20 available compared to FXPrimus’s 15.
In terms of customization, Questrade leads with 52 fields for watch lists, significantly more than the 7 fields provided by FXPrimus. This scalability might appeal to traders keen on tailoring their watch lists to precise details. While both platforms receive a 4-star rating for their trading platforms and tools, their rankings among 62 brokers differ. Questrade stands at #34, showcasing a slightly more favorable ranking than FXPrimus at #49. Ultimately, your choice may hinge on specific features like copy trading options and chart tools that align with your trading preferences.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and FXPrimus, both platforms offer seamless access for iPhone and Android users, making them accessible to a broad range of traders. They both provide real-time alerts for stock and forex prices, ensuring that users can stay informed and react swiftly to market changes. However, Questrade stands out with its capability to sync watchlist symbols between its mobile app and the user's online account, a feature FXPrimus lacks.
For technical analysis, Questrade offers a more extensive selection of 64 technical studies compared to FXPrimus's 30, providing traders with more tools for in-depth chart analysis. Both apps allow users to draw trendlines, view multiple time frames, and auto-save drawings on charts, supporting a comprehensive trading experience. Despite both apps receiving a four-star rating, the differences in features and capabilities are reflected in their rankings by ForexBrokers.com, with Questrade at #34 and FXPrimus at #47 out of 62 brokers. This suggests that while both apps perform well, Questrade offers slightly more advanced features favored by users.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| 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.
When comparing the market research offerings of Questrade and FXPrimus, there are some clear distinctions in their services. FXPrimus stands out by providing daily market commentary, a feature not available with Questrade. However, both brokers lack access to forex news from top-tier sources known to many traders. Questrade gains an edge with its technical analysis and fundamental research tools powered by Autochartist and Trading Central, which are not available through FXPrimus. Additionally, Questrade also benefits from offering market research from TipRanks, adding more depth to its user research capabilities.
Both Questrade and FXPrimus offer an economic calendar, allowing users to track global news events, which is a beneficial tool for informed trading decisions. Though neither provides a sentiment-based trading tool or research tools from Acuity Trading, they cater to market research insights through different approaches. Based on evaluations from ForexBrokers.com, Questrade receives a research rating of 3.5 stars and is ranked #51 out of 62 brokers. In comparison, FXPrimus has a slightly lower research rating of 3 stars, placing it at #58. This difference highlights Questrade’s slightly superior position in market research offerings.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Questrade and FXPrimus for educational resources aimed at beginners, both brokers offer a selection of materials on forex and CFDs, with each providing at least ten pieces such as articles and videos dedicated to these topics. However, when it comes to live online educational webinars, FXPrimus offers a more interactive learning experience by hosting at least one per month, while Questrade does not provide this service. Additionally, both platforms maintain a searchable archive of their past webinars, allowing users to revisit content at their convenience.
In terms of resources tailored specifically for beginners, Questrade takes the lead by offering more than ten introductory videos covering various trading topics, whereas FXPrimus falls short in this area. Neither broker excels in providing advanced educational videos for experienced traders or a comprehensive investor dictionary with definitions for a wide array of investing terms. Based on ratings, Questrade scores slightly higher with a 3.5 out of 5 stars for education, ranking 36th out of 62 brokers according to ForexBrokers.com, while FXPrimus is rated 3 stars and ranked 51st. This suggests that Questrade provides a slightly more appealing educational package for those new to trading.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Questrade is better than FXPrimus. Questrade finished with an overall rank of #32, while FXPrimus finished with an overall rank of #53.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Questrade and FXPrimus provide options for purchasing cryptocurrency derivatives, but neither platform supports transactions involving actual delivered cryptocurrencies.
Both Questrade and FXPrimus do not support ACH, SEPA, or PayPal for transactions, but they both accept Visa, Mastercard, and bank wires, with FXPrimus also uniquely offering Skrill as a deposit and withdrawal method.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Questrade | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Questrade | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| 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 | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | FXPrimus | |
|---|---|---|---|
| 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 | Questrade | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 140 | |
| Forex Pairs (Total) | 110 | 42 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | Questrade | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $250 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| 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 | Questrade | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | FXPrimus | |
|---|---|---|---|
| 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 | Questrade | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill