Written by ForexBrokers.com
In this head to head comparison of Markets.com vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Markets.com and Questrade are both well-established online brokers, with Markets.com founded in 1999 and Questrade starting in 2000. Neither is publicly traded or operates as a bank. When it comes to regulatory trust, both brokers hold licenses that vary in the level of trust associated with them. Markets.com boasts three Tier-1 licenses and one Tier-2 license, while Questrade holds two Tier-1 licenses and no Tier-2 licenses. These licenses reflect their level of regulatory oversight and the trust placed in them by industry authorities.
In terms of trust scores as rated by ForexBrokers.com, Markets.com scores an impressive 93 out of 99, placing it in the "highly trusted" category. Questrade, meanwhile, earns a respectable score of 86, marking it as a "trusted" broker. These scores suggest that while both brokers are considered reliable by ForexBrokers.com, Markets.com may offer a slightly higher level of trust from a regulatory standpoint.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Year Founded | 1999 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers Markets.com and Questrade, it's important to consider their ratings and rankings in terms of commissions and fees. Markets.com holds a 3.5-star rating and ranks 49th out of 62 brokers by ForexBrokers.com, reflecting its competitive fee structure in the market. However, specific average spread data for Markets.com is not available, which might be a consideration for those who prioritize transparency in trading costs.
On the other hand, Questrade is rated 3 stars and ranks 57th out of 62 brokers. The brokerage offers targeted spreads on popular currency pairs like the EUR/USD at 1.9 pips, which is higher than the industry average. This can result in higher trading costs for clients, particularly those who trade high volumes or frequently engage in forex trading.
In summary, both brokers have their strengths and weaknesses concerning fees. Markets.com may appeal more to those seeking a slightly better rate and ranking, whereas Questrade's higher spreads might deter cost-conscious traders, especially in foreign exchange markets.
| Feature |
Markets.com
|
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 | 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 it comes to the range of investments, Markets.com and Questrade each offer distinct options catering to different investor needs. Markets.com provides an impressive range with 2,179 tradeable symbols and 57 forex pairs, allowing for significant variety in CFDs, including a cryptocurrency derivative. However, it does not offer direct investments in U.S. or international exchange-traded securities, which might be a limitation for those looking to invest directly in stocks. On the bright side, Markets.com supports copy trading, enabling users to mimic the investment moves of successful traders. Despite its broad offering of tradeable symbols, it ranks 29th out of 62 brokers, earning a 4-star rating for its range of investments.
In contrast, Questrade stands out for those interested in both forex and traditional securities. With a selection of 641 tradeable symbols and 110 forex pairs, it offers access to direct investments in both U.S. and international exchange-traded securities—a significant advantage for stock enthusiasts. While Questrade does not support copy trading, it allows trading in cryptocurrency derivatives akin to Markets.com. This extensive range of offerings earns Questrade a superior 5-star rating for its range of investments, ranking 11th among 62 brokers according to ForexBrokers.com, highlighting its appeal to a more diverse range of investors.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 641 |
| Forex Pairs (Total) | 57 | 110 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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.
For those comparing Markets.com and Questrade, both online brokers offer a variety of trading platforms and tools designed to cater to traders of different levels. Both brokers provide simulated trading with free virtual demo accounts, allowing users to test their strategies before diving into real trading. In terms of trading platform options, both Markets.com and Questrade offer proprietary platforms and Windows-based desktop downloads, as well as web-based trading platforms accessible via browsers. However, Markets.com takes the lead with copy trading and compatibility with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which might appeal to traders looking for these specific features. In contrast, Questrade supports DupliTrade, which is not offered by Markets.com.
When it comes to charting tools, Questrade offers an extensive array of options with 20 drawing tools compared to Markets.com's 4. Additionally, Questrade allows users to trade directly from a stock chart, a feature absent in Markets.com. Questrade also provides a more extensive watchlist capability with 52 fields compared to Markets.com's 6. Despite these differences, both brokers have been rated four stars for their trading platforms and tools. Although Markets.com is ranked slightly higher by ForexBrokers.com at #26, compared to Questrade's #34 out of 62 brokers, these rankings suggest that while both have their unique strengths, they are generally well-regarded within the trading community.
| Feature |
Markets.com
|
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) | 89 | 64 |
| Charting - Drawing Tools (Total) | 4 | 20 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 52 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and Questrade have compatible apps for iPhone and Android users, making them accessible for mobile trading on the go. They each enable traders to set stock or forex price alerts and sync watchlist symbols with their online accounts, ensuring any modifications are mirrored across all platforms. While Questrade provides an impressive 64 technical studies for charting purposes within its mobile app, Markets.com defaults to MT4 with no additional studies on its proprietary app. Both platforms let users draw trendlines on charts, but only Questrade allows for the viewing of multiple time frames, such as daily or weekly intervals. Additionally, Questrade excels in automatically saving chart drawings, a feature not found with Markets.com.
When it comes to creating a watchlist with real-time quotes, both Market.com and Questrade deliver. Rated at 4 stars out of five for mobile trading apps, both platforms are well regarded by their users. Interestingly, according to ForexBrokers.com, Markets.com edges slightly ahead, securing the #33 rank, while Questrade follows closely at #34 in the Mobile Trading Apps category among 62 brokers evaluated. Overall, both apps offer solid mobile trading experiences, but Questrade provides more comprehensive features for chart analysis and management.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Markets.com and Questrade, it's clear that each broker has its own strengths. Markets.com provides daily market commentary and access to forex news from high-profile sources like Bloomberg and Reuters. This can be a valuable resource for traders looking to stay informed with timely information. Additionally, Markets.com features a sentiment-based trading tool, offering insights into market positions across various instruments, and includes an economic calendar that helps traders keep track of global news events. These features contribute to its solid reputation, earning it a 4-star rating for research and ranking it 17th out of 62 brokers according to ForexBrokers.com.
On the other hand, Questrade stands out with its comprehensive set of technical analysis and fundamental research tools, notably from providers like Autochartist and Trading Central. It also offers market research through TipRanks, giving traders access to diverse analytical perspectives. While Questrade does not provide daily commentary or top-tier forex news, it matches Markets.com in offering an economic calendar to track economic events globally. However, Questrade's research capabilities earn it a slightly lower rating of 3.5 stars and a rank of 51st out of 62 brokers in the research category by ForexBrokers.com.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 for beginners at Markets.com and Questrade, each platform has its strengths. Markets.com offers a series of monthly educational webinars designed to engage newcomers. Although they lack a searchable archive, Markets.com provides a wealth of beginner-centric videos, making it easier for new traders to get started. In addition to beginner videos, they also offer a variety of advanced educational content, ensuring a comprehensive learning experience for both novice and experienced traders.
On the other hand, Questrade excels in offering a diverse collection of educational materials, including a broad array of forex and CFDs content, with more than ten pieces dedicated to these trading subjects. While they don’t host regular webinars, Questrade compensates with access to previously recorded sessions, allowing users to explore past materials at their own pace. Both platforms lack an investor dictionary, but Markets.com edges ahead in education ratings with a score of 4 stars compared to Questrade’s 3.5 stars, according to ForexBrokers.com.
| Feature |
Markets.com
|
Questrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | 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 Markets.com is better than Questrade. Markets.com finished with an overall rank of #23, while Questrade finished with an overall rank of #32.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
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Questrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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Both Markets.com and Questrade do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to invest in cryptocurrency derivatives.
When comparing online brokers for funding methods, Markets.com and Questrade neither support ACH nor SEPA transfers or PayPal; however, Markets.com offers additional flexibility with Skrill, while both brokers accept Visa, Mastercard, and bank wire 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 | Markets.com | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Markets.com | Questrade | |
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| Regulation | Markets.com | Questrade | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1999 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Markets.com | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 641 | |
| Forex Pairs (Total) | 57 | 110 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | Markets.com | 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 | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Markets.com | Questrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Markets.com | 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 | Markets.com | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 52 | |
| Charting - Indicators / Studies (Total) | 89 | 64 | |
| Charting - Drawing Tools (Total) | 4 | 20 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | 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 | (default on MT4, none on Markets app) | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | Questrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | Questrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | 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 | Markets.com | Questrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review |
| Overall | Markets.com | Questrade | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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