Eightcap vs Questrade compared

Online brokers compared for fees, trading platforms, safety and more. See how Eightcap stacks up against Questrade!

Eightcap
Questrade
74-89% of retail CFD accounts lose money

Last update of dataNov 2022

Eightcap

Eightcap is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.

Recommended for forex traders who prefer the MetaTrader platform.

Questrade

Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).

Recommended for traders and investors focusing on the Canadian and US markets.

Eightcap's service is on par with Questrade's and a comparison of their fees shows that Eightcap's fees are slightly lower than Questrade's.

Account opening takes less effort at Eightcap compared to Questrade, deposit and withdrawal processes are more seamless at Eightcap, while customer service quality is similar to Questrade's.

Our experts rated the trading platform of Eightcap as somewhat worse than the platform of Questrade, found that clients have access to much less markets and products with Eightcap, while Questrade provides excellent research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.2

Recommended for Forex traders who prefer the MetaTrader platform

Overall Score
4.5

Recommended for Traders and investors focusing on the Canadian and US markets

Country of origin

Australia

Country of origin

Canada

Fees

Fees score
4.3
Fees score
3.3
Fees summary

Low trading and non-trading fees

Fees summary

Low trading and non-trading fees, low stock and ETF fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
2.7
Number of base currencies

7

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
3.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$1000

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals

Trading platform

Web platform score
3.1
Web platform score
3.8
Mobile platform score
3.8
Mobile platform score
4.8
Desktop platform score
3.4
Desktop platform score
4.3

Markets and products

Markets and products score
1.7
Markets and products score
4.5
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
1.8
Research score
4.8
Charting quality

Mid-range

Charting quality

Great

Education score
3.3
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

CAD 1 million

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2009

Foundation date

1999

Country of regulation

Australia, Vanuatu

Country of regulation

Canada

Eightcap

For detailed information and hands-on experience, read our review of this broker.

Questrade

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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