Written by ForexBrokers.com
In this head to head comparison of Questrade vs VT Markets, 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 in 2000, and VT Markets, established in 2016, are two well-known online brokers catering to a diverse clientele. Neither of these companies is publicly traded nor operates as a bank. When considering their regulatory credentials, Questrade holds two Tier-1 licenses, categorized as highly trustworthy according to ForexBrokers.com's standards, while VT Markets holds one Tier-1 license. Furthermore, VT Markets possesses one Tier-2 license, which is regarded as trusted, while Questrade lacks any Tier-2 licenses.
When evaluating their overall trustworthiness, ForexBrokers.com has given Questrade a Trust Score of 86, putting it in the "trusted" category. In contrast, VT Markets has been assigned a Trust Score of 70, which indicates an average risk level. This disparity in Trust Scores highlights the differences in their perceived reliability, making these scores a crucial factor for potential investors to consider when choosing between the two platforms.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Year Founded | 2000 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commission and fee structures of Questrade and VT Markets, distinct differences emerge. Questrade's trading costs are notably high, with the target spread on the EUR/USD standing at 1.9 pips, which is quite steep compared to the industry average. As a result, Questrade has been rated 3 out of 5 stars for commissions and fees, positioning it at a low #57 out of 62 brokers ranked by ForexBrokers.com.
On the other hand, VT Markets offers more competitive rates that appeal to a broader range of traders. The broker provides two account options: the Standard STP account and the Raw ECN account. The Standard STP account is commission-free with an average spread of 1.2 pips on the EUR/USD, whereas the Raw ECN account has a reduced effective spread of 0.83 pips, including a 0.6 pip round-turn commission and an average spread of 0.23 pips. The pricing for the Raw ECN is relatively standard in the industry, while the Standard STP account is less competitive.
Thanks to its attractive commission structure, VT Markets is highly regarded, earning a 4.5 out of 5-star rating in the commissions and fees category. This rating places VT Markets at a #20 ranking among 62 brokers on ForexBrokers.com, highlighting it as a preferred choice for those seeking economical trading options. Overall, VT Markets offers a more cost-effective solution compared to Questrade, especially for traders prioritizing lower trading costs.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $250 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| 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.
Questrade and VT Markets both offer platforms for forex trading through CFDs or spot contracts, accommodating traders focused on currency markets. However, they differ significantly in the breadth of their investment options. Questrade boasts 641 tradeable symbols, including an impressive 110 forex pairs, while VT Markets provides a wider selection of 1,000 symbols but offers only 39 forex pairs. Importantly, Questrade allows its users to trade exchange-listed securities on U.S. exchanges, such as popular stocks like Apple, which VT Markets does not facilitate. Both platforms support trading on international exchanges like the London Stock Exchange, giving investors access to global markets.
When it comes to alternative trading features, VT Markets distinguishes itself with a copy trading option, allowing users to mimic the strategies of experienced traders—something Questrade does not offer. Neither broker supports the purchase of actual cryptocurrencies, although both offer cryptocurrency derivatives for investors interested in digital assets. Considering the overall range of investments, Questrade receives a higher rating of 5 out of 5 stars, ranking 11th among 62 brokers reviewed by ForexBrokers.com, whereas VT Markets garners 3.5 stars, ranking 39th. This suggests that Questrade may better suit those seeking variety in their portfolio, particularly with a focus on stock investments alongside forex trading.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 1000 |
| Forex Pairs (Total) | 110 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 Questrade and VT Markets, both brokers offer simulated trading through free virtual demo accounts, catering to traders who desire practice without real financial risks. For platform accessibility, Questrade provides an in-house developed platform along with Windows-based, web-based, and chart trading capabilities. On the other hand, VT Markets lacks a proprietary platform but still supports trading on Windows, web, and directly from a stock chart. Questrade's suite misses out on popular platforms like MetaTrader 4 and 5 but compensates with the inclusion of DupliTrade. Conversely, VT Markets offers both MetaTrader 4 and 5, although it does not provide DupliTrade or ZuluTrade.
In terms of tools and functionality, Questrade offers an extensive set of features with 20 drawing tools and a comprehensive watch list with 52 columns. VT Markets outshines Questrade in drawing tools, offering 30 options, but falls short in watch list depth with only 7 columns. For social and copy trading, VT Markets holds an advantage with copy trading features, unlike Questrade. Despite the variances, both brokers receive a respectable 4-star rating for their trading platforms and tools. However, when ranked by ForexBrokers.com, Questrade stands at 34th place out of 62 brokers in this category, ahead of VT Markets, which is ranked 47th.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Questrade and VT Markets offer iPhone and Android versions catering to the needs of active traders. Both apps provide valuable features such as stock and forex price alerts, the ability to draw trendlines, multiple time frame views, and creating watchlists with real-time quotes. However, Questrade holds an edge with its syncable watchlist feature and automatic saving of chart drawings, while VT Markets falls short in these areas. Additionally, Questrade’s app is more suitable for traders who favor detailed technical analysis, offering 64 charting studies compared to VT Markets’ 30.
Both Questrade and VT Markets have received a 4-star rating for their mobile trading apps, indicating solid user satisfaction. However, according to ForexBrokers.com, Questrade ranks #34 out of 62 brokers in the Mobile Trading Apps category, placing it ahead of VT Markets, which is ranked #44. For traders looking for comprehensive charting capabilities and seamless integration with their online accounts, Questrade might prove to be the better choice. Nonetheless, VT Markets remains a viable option for those who prioritize straightforward trading functionalities.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, Questrade and VT Markets cater to different trader preferences. VT Markets stands out by providing daily market commentary and access to forex news sourced from top-tier providers like Bloomberg and Reuters. It also offers a sentiment-based trading tool that gives insights into long or short positions across various currency pairs, catering to traders who prefer comprehensive market insights. On the other hand, Questrade offers an economic calendar for global news events and a range of technical and fundamental research tools, including those from Autochartist and Trading Central. Additionally, Questrade provides research from TipRanks, which can be valuable for traders interested in stock market analyses and forecasts.
Both Questrade and VT Markets utilize Trading Central's tools, but they differ in their approach to market intelligence, which affects their research ratings. While both brokers are rated 3.5 stars out of five for their research offerings, VT Markets ranks higher at #36 among 62 brokers, compared to Questrade's #51, according to ForexBrokers.com. This ranking reflects VT Markets' broader news coverage and sentiment tools, whereas Questrade's strength lies in its focus on specific research tools and stock market research. Overall, the choice between these brokers will depend on the specific research tools and market insights that individual traders prioritize in their trading strategies.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by Questrade and VT Markets for beginners, both brokers provide a solid foundation for learning about forex and CFDs with over 10 educational pieces each, including articles, videos, and archived webinars. Additionally, both brokers have a selection of more than 10 beginner-focused educational videos, making it easy for novices to start understanding trading topics. However, neither of the platforms holds monthly online educational client webinars, and the offerings for advanced educational videos also fall short, with neither broker providing at least 10 such videos for experienced traders.
While Questrade departs from VT Markets by offering a searchable archive of recorded client webinars, VT Markets distinguishes itself with an investor dictionary containing definitions of over 50 investing terms, a feature absent in Questrade. Both brokers score 3.5 stars out of five for their educational offerings and receive varying rankings, with Questrade positioned higher at 36th compared to VT Markets at 55th according to ForexBrokers.com. This comparison indicates that while both brokers provide substantial resources for beginners, their educational strengths differ depending on specific user needs.
| Feature |
Questrade
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
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 VT Markets. Questrade finished with an overall rank of #32, while VT Markets finished with an overall rank of #44.
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
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VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 70 |
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Both Questrade and VT Markets provide the option to buy cryptocurrency derivatives, but neither platform offers the ability to purchase the actual (delivered) cryptocurrency.
When comparing online brokers Questrade and VT Markets, neither offers ACH, SEPA, or PayPal for deposits or withdrawals; however, while both support Visa, Mastercard, and bank wires, only VT Markets offers Skrill as an additional option.
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 | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | VT Markets Review |
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| Regulation | Questrade | VT Markets | |
|---|---|---|---|
| Trust Score | 86 | 70 | |
| Year Founded | 2000 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | VT Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | No |
| Tier-2 Licenses (Trusted) | Questrade | VT Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 1000 | |
| Forex Pairs (Total) | 110 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | Questrade | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | Questrade Review | VT Markets Review |
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