Written by ForexBrokers.com
In this head to head comparison of Questrade vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Questrade (founded 2000) and Eightcap (founded 2009) are online brokers that are neither publicly traded nor banks. According to ForexBrokers.com, Questrade holds a Trust Score of 85/99 and Eightcap scores 87/99—both fall in the “trusted” range (80–89).
On regulation, Questrade holds 1 Tier-1 license and no Tier-2 licenses, while Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Tier-1 authorities are considered highly trusted and Tier-2 are trusted, indicating Eightcap has a broader top-tier regulatory footprint, while Questrade still earns a trusted rating overall.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Year Founded | 2000 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing commissions and fees, Questrade is the more expensive choice for most traders. Questrade Global uses spread-based pricing, so there is no separate trading commission on forex, but the cost is built into the spread. While Questrade says spreads can start at 0.8 pips, real-world average spreads on major currency pairs were closer to 2.1 to 2.5 pips at the time of review, which can make trading noticeably pricier. Questrade is rated 3.5 out of 5 stars and ranks #34 out of 36 brokers for commissions and fees by ForexBrokers.com.
Eightcap offers a more flexible pricing setup with both a Raw account and a Standard account. Its Raw account uses low spreads plus a commission, with an average spread of 0.06 pips and a per-side commission of $3.50, bringing the all-in cost to about 0.76 pips. That puts it just below the industry average and generally cheaper than Questrade for forex trading. Eightcap is rated 4.5 out of 5 stars and ranks #20 out of 36 brokers for commissions and fees by ForexBrokers.com.
For CFDs, Questrade can also add up quickly because it charges a spread plus a $9.95 USD trading fee per unit, which may lead to high round-trip costs and extra overnight financing charges. By comparison, Eightcap’s pricing is usually simpler and more competitive overall, especially for active forex traders looking to keep trading costs lower.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing Questrade vs Eightcap for range of investments, Eightcap offers a wider list of tradeable symbols overall, with 803 compared with Questrade’s 675. Questrade, however, stands out for forex traders, offering 110 currency pairs versus Eightcap’s 55. Both online brokers offer forex trading, but they do not provide access to exchange-traded shares on U.S. or international stock exchanges, and neither offers copy trading or the ability to buy actual cryptocurrency.
The biggest difference is in crypto CFDs: Eightcap lets clients trade cryptocurrency CFDs, while Questrade does not. For range of investments, Questrade is rated 5 stars and ranks #12 out of 36 brokers at ForexBrokers.com, while Eightcap is rated 3.5 stars and ranks #30. In short, Questrade is the better choice for forex pair variety, while Eightcap offers a broader mix of tradable markets overall.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 675 | 803 |
| Forex Pairs (Total) | 110 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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.
Questrade and Eightcap both give traders several convenient ways to access the market, including free simulated paper trading accounts, web-based platforms, Windows desktop downloads, and the ability to place trades directly from a chart. Neither broker offers copy trading, so if you want to follow other traders automatically, you will need to look elsewhere. Both are rated 4 out of 5 stars for trading platforms and tools, showing that each has a solid setup for everyday trading needs.
The biggest difference is that Questrade offers its own in-house trading platform, while Eightcap does not. On the other hand, Eightcap supports both MetaTrader 4 and MetaTrader 5, which may appeal to traders who prefer those popular third-party platforms, while Questrade does not offer either one. In ForexBrokers.com’s Trading Platforms and Tools ranking, Questrade places #29 out of 36 brokers, compared with Eightcap at #32, giving Questrade a slight edge overall in this category.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Eightcap both make mobile trading easy with iPhone and Android apps, plus stock and forex price alerts and watchlist syncing between the app and your online account. Each app also lets you draw trendlines on charts, and both save those drawings automatically, which is helpful if you switch between devices or come back to your charts later.
When it comes to charting tools, Eightcap has the edge with 100 technical studies in its mobile app, compared with 64 for Questrade. Eightcap also earns a slightly higher mobile app rating at 4 out of 5 stars, while Questrade has 3.5 stars. Even so, Questrade ranks higher overall in ForexBrokers.com’s Mobile Trading Apps category, coming in at #29 out of 36 brokers, versus Eightcap at #32.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Questrade and Eightcap for market research, both brokers are rated 3.5 out of 5 stars by ForexBrokers.com, but their tools differ in important ways. Questrade offers Autochartist, Trading Central, and TipRanks research, which may appeal to traders who want chart analysis, idea generation, and stock-focused insights. Eightcap, on the other hand, provides daily market commentary, a sentiment tool showing long and short positioning, Acuity Trading signals, and an economic calendar, making it a stronger pick for traders who want frequent updates and more market-wide context.
Neither Questrade nor Eightcap offers forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. In the ForexBrokers.com Research category, Questrade ranks #35 out of 36 brokers, while Eightcap ranks slightly higher at #34. Overall, Questrade leans more toward third-party research tools, while Eightcap offers more built-in market updates and trader-focused news features.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, Questrade and Eightcap are fairly similar in overall education quality, with each earning 3.5 out of 5 stars for Education. Questrade ranks higher in the category overall, placing 28th out of 36 brokers, while Eightcap sits at 31st. Neither broker offers monthly educational webinars, and neither provides at least 10 advanced videos for more experienced traders.
The main difference is in beginner-friendly video content. Eightcap offers at least 10 beginner trading videos, while Questrade does not. However, neither broker appears to provide enough forex or CFD-focused education to meet the 10-piece minimum on that topic. For new traders who want more video-based help getting started, Eightcap has the edge, but both brokers still leave room for improvement in educational resources.
| Feature |
Questrade
|
Eightcap
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Eightcap. Questrade finished with an overall rank of #29, while Eightcap finished with an overall rank of #30.
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives.
| Feature |
Questrade
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Eightcap
|
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| Trust Score | 85 | 87 |
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Neither online broker Questrade nor Eightcap lets you buy actual (delivered) cryptocurrency, but Eightcap offers cryptocurrency CFDs while Questrade does not.
In the Questrade vs Eightcap deposits and withdrawals comparison, both lack ACH/SEPA and support bank wires, Eightcap additionally offers PayPal and Skrill while Questrade does not, and Visa/Mastercard availability is not specified.
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 | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
| Broker Screenshots | Questrade | Eightcap | |
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| Regulation | Questrade | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 87 | |
| 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 | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| 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 | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 675 | 803 | |
| Forex Pairs (Total) | 110 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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 | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.8 or higher | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Questrade | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Eightcap | |
|---|---|---|---|
| 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 | 64 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Questrade | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | No | Yes |
| Education | Questrade | Eightcap | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review | Eightcap Review |
| Overall | Questrade | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | Questrade Review | Eightcap Review |
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