Compare FP Markets vs Questrade


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

FP Markets vs Questrade
overall rating
4.4
4.6
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
fees
4.2
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
3.7
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High CFD fees
  • High margin rates
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit for forex accounts
  • High minimum account balance for CFD and stock account types
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
4.7
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Outdated design
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
2.0
  • Forex
  • CFD
  • Crypto
  • Stocks traded on the Australian Securities Exchange
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
3.3
  • Trading ideas
  • User-friendly
  • No fundamental data available
  • No/poor quality news flow
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
customer service
3.5
  • Live chat
  • Fast response time
  • Great email support
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
  • Negative balance protection under CySEC
  • €20,000 investor protection under CySEC
  • Does not hold a banking license
  • No negative balance protection under ASIC
  • No investor protection under ASIC
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Traders and investors focusing on the Canadian and US markets
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