Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Questrade, 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.
BlackBull Markets vs. Questrade: safety at a glance. ForexBrokers.com assigns BlackBull Markets a Trust Score of 77/99, which falls into the “average risk” band (70–79), while Questrade scores 85/99, placing it in the “trusted” band (80–89). For context, scores of 90–99 are highly trusted, 60–69 are high risk, and under 59 should not be trusted.
On regulatory footing, both online brokers hold one Tier-1 license (considered highly trusted) and zero Tier-2 licenses. Neither company is publicly traded or a bank. Questrade was founded in 2000, whereas BlackBull Markets began in 2014—helpful background if you weigh operating history alongside licensing and Trust Scores when comparing brokers.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Year Founded | 2014 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
BlackBull Markets comes out ahead of Questrade on commissions and fees overall. BlackBull’s trading costs are about average for the industry, but they can be quite competitive on its Prime account, which had an average EUR/USD spread of 0.16 pips in March 2024, or about 0.76 pips all in after commission. The Standard account has no commission and no minimum deposit, while the Prime account requires a $2,000 deposit and charges $3 per side, and the ECN Institutional account is aimed at active traders with at least $20,000 to deposit, with $2 per side commissions. BlackBull Markets is rated 4.5/5 stars and ranks #9 out of 36 brokers for commissions and fees.
Questrade, by contrast, uses a spread-based pricing model, so its trading costs are built into the bid-ask spread rather than charged as a separate commission. Questrade says spreads can start as low as 0.8 pips in normal market conditions, but observed spreads on major forex pairs were closer to 2.1 to 2.5 pips, which can make trading more expensive in practice. For CFDs, the pricing can also add up quickly because Questrade charges a $9.95 USD trading fee per unit on top of the spread, and overnight financing costs may apply as well. Questrade is rated 3.5/5 stars and ranks #34 out of 36 brokers in the commissions and fees category.
In simple terms, BlackBull Markets is the better choice if you want lower trading costs, especially for forex. Questrade may be easier to understand at first because its pricing is built into the spread, but its wider spreads and CFD trading fees can make it more expensive overall. For traders who care most about saving on commissions and fees, BlackBull Markets has the edge.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.16 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When it comes to range of investments, BlackBull Markets offers more choice overall than Questrade. BlackBull Markets lists about 26,000 tradeable symbols, compared with 675 at Questrade, and it also gives access to 72 forex pairs. Questrade actually offers more forex pairs at 110, but both brokers support forex trading. BlackBull Markets also stands out for offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone, while Questrade does not offer these market-listed stocks.
BlackBull Markets also supports copy trading and cryptocurrency CFDs, while Questrade does not offer either. Neither broker lets clients buy actual, delivered cryptocurrency. Even so, both brokers receive a 5-star rating for Range of Investments, though BlackBull Markets ranks higher overall in ForexBrokers.com’s category list at #7, ahead of Questrade at #12. For investors who want a wider selection of markets and products, BlackBull Markets has the edge, while Questrade’s forex pair count is stronger.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 675 |
| Forex Pairs (Total) | 72 | 110 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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.
BlackBull Markets and Questrade both give traders a solid set of platform choices, including free demo accounts for paper trading, Windows desktop apps, web-based platforms, and the ability to place trades directly from a chart. Each broker also earns 4 out of 5 stars for Trading Platforms and Tools, so both are well regarded in this area. In ForexBrokers.com’s ranking of 36 brokers, BlackBull Markets sits slightly ahead at #25, while Questrade is ranked #29.
The biggest differences are in the trading software itself. BlackBull Markets stands out for offering copy trading plus MetaTrader 4 and MetaTrader 5, which may appeal to traders who want popular third-party tools and more ways to follow other investors. Questrade, on the other hand, offers a proprietary in-house platform that BlackBull Markets does not. If you want MT4, MT5, or copy trading, BlackBull Markets has the edge; if you prefer a broker-built platform, Questrade may be the better fit.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Questrade both give traders the key mobile app features many people look for, including iPhone and Android apps, stock or forex price alerts, watchlist syncing between the app and online account, trendline drawing, and automatic saving of chart drawings. For everyday mobile trading, both platforms make it easy to stay connected and manage trades on the go.
Where they differ most is in charting depth and overall app ratings. Questrade offers 64 technical studies in its mobile app, compared with 30 for BlackBull Markets, which may matter more for traders who rely heavily on chart analysis. On ForexBrokers.com, BlackBull Markets is rated 4 out of 5 stars for mobile trading apps and ranks #28 out of 36 brokers, while Questrade is rated 3.5 out of 5 stars and ranks #29 out of 36.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets comes out ahead of Questrade for market research, with a 4.5-star research rating and a stronger ForexBrokers.com ranking at #17 out of 36 brokers, compared with Questrade’s 3.5 stars and #35 rank. BlackBull Markets offers daily market commentary, a sentiment tool showing long and short positioning, Autochartist research tools, and an economic calendar for tracking upcoming global events. Questrade does not provide daily market commentary or a sentiment tool, but it does include Autochartist and adds Trading Central and TipRanks research, which BlackBull Markets does not offer.
When it comes to forex news from major sources like Bloomberg, Reuters, or Dow Jones, neither broker provides this type of coverage. Questrade also lacks an economic calendar, while BlackBull Markets gives traders that extra planning tool. Overall, BlackBull Markets is the better pick for traders who want more built-in market research features, while Questrade stands out for offering Trading Central and TipRanks alongside Autochartist.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, BlackBull Markets comes out ahead of Questrade. BlackBull Markets offers forex and CFDs learning material, at least one online educational client webinar each month, and plenty of beginner-focused videos, along with advanced videos for traders who want to keep learning. Questrade also provides educational content, but it does not match BlackBull Markets on the amount of forex or CFDs education, webinar access, or the number of beginner and advanced video lessons available.
That difference shows up in ratings and rankings too. BlackBull Markets is rated 4.5 out of 5 stars for Education and ranks #24 out of 36 brokers in the ForexBrokers.com Education category, while Questrade is rated 3.5 stars and ranks #28. For new traders who want more step-by-step learning resources, BlackBull Markets offers a stronger starting point than Questrade.
| Feature |
BlackBull Markets
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Questrade. BlackBull Markets finished with an overall rank of #22, while Questrade finished with an overall rank of #29.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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Questrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 77 | 85 |
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Compare BlackBull Markets vs Questrade for cryptocurrency trading: BlackBull Markets offers crypto CFDs but not actual (delivered) cryptocurrency, while Questrade offers neither delivered crypto nor crypto CFDs.
BlackBull Markets vs. Questrade: BlackBull offers ACH/SEPA, Skrill, and bank wire funding (no PayPal), while Questrade provides bank wires only among these options (no ACH/SEPA, no Skrill, no PayPal); Visa/Mastercard availability for both is unspecified.
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 | BlackBull Markets | Questrade | |
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| Trust Score | 77 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
| Broker Screenshots | BlackBull Markets | Questrade | |
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| Regulation | BlackBull Markets | Questrade | |
|---|---|---|---|
| Trust Score | 77 | 85 | |
| Year Founded | 2014 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | Yes | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | BlackBull Markets | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 675 | |
| Forex Pairs (Total) | 72 | 110 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | BlackBull Markets | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.16 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | BlackBull Markets | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Questrade | |
|---|---|---|---|
| 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 | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | BlackBull Markets | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review | Questrade Review |
| Overall | BlackBull Markets | Questrade | |
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| Trust Score | 77 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Questrade Review |
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