Questrade vs VT Markets 2024

Questrade is not publicly traded and does not operate a bank, but is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and zero Tier-4 regulators (High Risk).

VT Markets is not publicly traded and does not operate a bank. VT Markets is authorised by one Tier-1 regulator (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and zero Tier-4 regulators (high risk). VT Markets (through its parent company) is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

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.

VT Markets benefits from being part of the Vantage Group of companies, and provides access to the MetaTrader suite of platforms as well as its own VT Pro trading app.

To open a trading account with Questrade, you'll need to make an initial minimum deposit of $1000.

VT Markets requires a minimum deposit of $100 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Questrade offers Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw) for banking, whereas VT Markets provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that VT Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Questrade holds 2 global Tier-1 licenses, while VT Markets holds 1. VT Markets holds 1 global Tier-2 licenses, while Questrade holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Questrade (86) earned a higher Trust Score than VT Markets (70).

To compare the trading platforms of both Questrade and VT Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Questrade offers a better experience. With research, VT Markets offers superior market research. Finally, we found Questrade to provide better mobile trading apps.

Here’s what trading platforms are available at Questrade:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - Yes
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at VT Markets:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. VT Markets offers MetaTrader 4 (MT4), while Questrade does not. Forex traders also appreciate the ability to engage in social copy trading. While VT Markets offers copy trading, Questrade does not.

Questrade provides traders 110 currency pairs (e.g., EUR/USD) compared to VT Markets's 39 available pairs. If you are interested in trading a full range of securities, VT Markets offers traders access to 1000 tradeable symbols, while Questrade offers access to 641 tradeable symbols; so VT Markets offers 359 more tradeable symbols than Questrade.

We found in our testing that Questrade offers a more diverse selection of investment options than VT Markets, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Spread Betting.