TradingCritique

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Questrade vs Eightcap : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Questrade

Questrade

VS
Eightcap

Eightcap

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

ECN

ECN

Years of Existence / Established Year

1999

2009

Customer Base / Number of Accounts

Info not available

80,000 +


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Regulation & Security

Regulations (governing bodies)

CIRO

SCB ASIC CySEC FCA

Awards Won (count for the last 2 years)

DALBAR seal of service excellence in 2024 for the 6th consecutive year Canada's #1 rated online broker by MoneySense

Best Broker in Australia in 2024 by FXEmpire Best Forex Brokers 2024 Best Crypto CFD Trading Broker by FXEmpire 2024 Top CFD Broker by FXEmpire 2024

Security Measures

CIPF

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

No

Yes

Negative Balance Protection

Yes

Yes (only to retail clients. Not for professional traders)


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

GICs IPOs

800+ CFD markets

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

No

Yes

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

Yes

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

All-in-One Platforms Questrade Trading Quest MobileAdvanced Trading Platforms Questrade Edge Mobile Questrade Edge Questrade Global

No

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Tax-Free Savings Account - TFSA Registered Retirement Savings Plan - RRSP First Home Savings Account - FHSA Registered Education Savings Plan - RESP

Standard account Raw account TradingView account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$250

$100

Leverage Available

NA

1:30

Trade Limit (maximum per trade)

Varies by instrument

Maximum 100 lots

Commission (per account type)

Casual Traders (Basic) Stocks - $4.95 to $9.95 Options - $9.95 + $1 / contract ETFs - Free(sell 1c/share min $4.95 to max $9.95)Options and day traders (Fixed) Stocks - $4.95 to $9.95 Options - $4.95 + $0.75 / contract ETFs - Free (sell for $4.95 per trade)Volume traders (Variable) Stocks - $4.95 to $9.95 (min $0.01 to max $6.95) Options - $6.95 + $0.75 / contract ETFs - Buy for free (sell 1c/share min $4.95 to max $9.95)

Standard - $0 TradingView - $0 Raw - Each side: 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot traded

Best Suited For (e.g., beginners, experienced traders)

Beginners

Beginners & experienced


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Deposit & Withdrawal Options

Deposit Methods

Instant deposit (Visa & Interac Debit cards) - CAD only Online banking bill payment - CAD only Pre-authorized deposit - CAD & USD Transfers from other brokers - CAD & USD Wire transfer - CAD & USD Non-certified cheque - CAD & USD Stock certificate

Wire Transfer Credit/debit cards UnionPay Bitcoin Ewallets

Withdrawal Methods

EFTs (CAD or USD) Wire transfers (CAD or USD)

Wire Transfer Ewallets Bitcoin

Other E-Wallets Supported

No

Skrill Neteller Fasapay Dragonpay


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

TradingView TipRanks OptionsPlay Multileg options trading

Capitalise.ai AI-powered Economic calendar Eightcap labs Trade Zone Events & Webinars Flash trader


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Fees & Commissions

Trading-Related Fees

Stocks 1C / share (min $4.95 to max $9.95) ETFs Buy Free. Sell 1C / share (min $4.95 to max $9.95) Mutual funds - $9.95 per trade International equities - 1% of trade value Precious metals - $19.95 / trade Notes & debentures - $0.10 per $1,000 par value FX & CFDs - pips as low as 0.08

Spread- starts from 0.0 pips

Spread (typical, fixed, variable)

Fixed

Variable

Per Lot Fees

$1 per contract for options

$3.50 per lot per side

Options Contract Fees

$9.95 + $1 / contract

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

NA

1:30


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

$0

$0

Advisory Fees

$0

$0

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

estatement - free Copy of statement - $20 Unclaimed property - $29.95 per quarter Regular mail - $10

NA

Account Opening Fee

$0

$0

Account Maintenance Fee

Portfolio fees 0.25% with a balance of $1000 - $99,999 0.20% with a balance of $100,000+

$0

Deposit Fee

CAD EFT upto $50,000 - free USD EFT upto $25,000 - free CAD Wire transfer - $20 USD wire transfer - $30 International wire transfer - $40

$0

Currency Conversion Fee

1.50%

NA

Withdrawal Fee

EFTs - Free Wire transfer - $20 CAD for CAD wire $30 USD for USD wire $40 USD/CAD for international wires

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

North Americal Stock Markets 9:30am to 4pm ET Pre-market hours - 7am to 9:30am Post-market hours - 4pm to 8pm

Crypto - Monday-Sunday (00:00 - 23:59) Forex - 10PM to 7AM Commodities - Monday-Friday (03:00 - 24:00) Stocks US - 9:30am to 4pm


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24x5

24x5

Customer Support Methods (phone, email, live chat)

Toll-free Canada - 1.866.980.9590 From US - 1.416.227.6911FX & CFDs Chat hours: Monday - Thursday 8:3-am to 8pm EST, Friday 8:30am to 5:30pm EST Ph: 416.227.6913 Toll-free Canada - 1.866.980.9591

E mail: mailto:[email protected] Call / Chat: +61 3 8592 2375

Support Languages

2

13+


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Additional Information

Headquarters Location

Toronto, Ontario Canada

Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
While Questrade maintains low trading fees with no minimum deposit, Eightcap includes some charges for premium features and certain asset trades, making Questrade the better option for budget-focused traders.
Questrade uses a digital-first onboarding approach with clear instructions and fast ID verification. Eightcap goes a step further with manual checks and optional account tiers, ideal for serious professionals.
Questrade excels in real-time trade execution with minimal latency, whereas Eightcap complements its execution with strong analytical modules and educational support within the platform.
For market veterans, Questrade brings the tools they need. New investors might find Eightcap more approachable and cost-effective.