Comparison of CMC Markets and Questrade
| Feature | CMC Markets | Questrade |
|---|---|---|
| Broker | ||
| Year Founded | 1989 | 1999 |
| Broker Type | MM | DMA |
| Dealing | B-book | A‑book |
| Execution | Market | Market |
| Regulation | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | CIRO |
| Platforms | MetaTrader 4 (MT4), CMC Markets | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:30 | 1:20 |
| Minimum Deposit | $1 | $250 |
| Base Currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | CAD, USD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
| Inactivity Fee | $15 per month after 12 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) | CIPF |
| Protection Size | £85 000 | CAD 1000000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Stocks, ETFs, Options, Mutual Funds, Bonds, Precious Metals, Forex, CFDs |
| Review | CMC Markets Review | Questrade Review |
About CMC Markets
CMC Markets is a well-established forex and CFD broker founded in 1989, renowned for its robust trading platforms, competitive spreads, and extensive range of tradable assets. With a global presence and regulation in top-tier jurisdictions, the broker caters to both beginners and experienced traders. CMC Markets offers access to forex, indices, commodities, cryptocurrencies, and shares, supported by advanced tools and educational resources to enhance trading experiences.
Pros
- Regulated by top-tier authorities, including the FCA and ASIC
- Comprehensive range of tradable instruments across multiple asset classes
- Intuitive and feature-rich proprietary trading platform, Next Generation
- Competitive pricing with tight spreads and no commission on most trades
- Exceptional educational resources and market research tools
Cons
- Does not offer services to U.S. clients due to regulatory restrictions
- Trading fees can be higher for less active traders
- Limited deposit and withdrawal methods compared to other brokers
About Questrade
Questrade is Canada’s leading discount broker, founded in 1999. Regulated by CIRO and protected by CIPF, it lets Canadian residents trade stocks, ETFs, options, bonds and 110+ forex pairs from a single account. With commission‑free equity trades, spreads from 0.8 pips on FX and advanced Questrade Edge platforms, it appeals to both long term investors and active traders.
Pros
- Commission‑free stock & ETF trades
- 110+ FX pairs with tight 0.8 pip targets
- Advanced Questrade Edge desktop and web platforms
- CIPF protection plus extra private insurance
- Fractional shares and wide range of registered accounts
Cons
- Accounts available to Canadian residents only
- No direct crypto trading (ETFs only)
- No negative‑balance protection
- Limited funding methods for non‑bank transfers
CMC Markets & Questrade Regulation
| Feature | CMC Markets | Questrade |
|---|---|---|
Companies | CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd | Questrade, Inc., Questrade Wealth Management Inc. |
Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Canada |
Regulators | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | CIRO |
Investor Protection | UK Financial Services Compensation Scheme (FSCS) | CIPF |
Investor Protection Size | £85 000 | CAD 1000000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
CMC Markets
CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd
Questrade
Questrade, Inc., Questrade Wealth Management Inc.
Countries
CMC Markets
United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates
Questrade
Canada
Regulators
CMC Markets
FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA
Questrade
CIRO
Investor Protection
CMC Markets
UK Financial Services Compensation Scheme (FSCS)
Questrade
CIPF
Investor Protection Size
CMC Markets
£85 000
Questrade
CAD 1000000
Publicly Traded
CMC Markets
Questrade
Segregated Accounts
CMC Markets
Questrade
Guaranteed Stop Loss
CMC Markets
Questrade
Negative Balance Protection
CMC Markets
Questrade
Account Types
| Account | CMC Markets | Questrade |
|---|---|---|
Market Maker Account | ||
| Account Name | CFD | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
DMA Account | ||
| Account Name | — | FX & CFD |
| Min Deposit | — | $250 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.8 |
| Fee | — | No |
| Max Leverage | — | 1:20 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
CMC Markets
CFD
Questrade
—
Min Deposit
CMC Markets
$1
Questrade
—
Lot Size
CMC Markets
0.01
Questrade
—
Spread Type
CMC Markets
Floating
Questrade
—
Execution
CMC Markets
Market
Questrade
—
Min Spread
CMC Markets
0.7
Questrade
—
Fee
CMC Markets
No
Questrade
—
Max Leverage
CMC Markets
1:30
Questrade
—
Stop Out
CMC Markets
50%
Questrade
—
Margin Call
CMC Markets
80%
Questrade
—
DMA Account
Account Name
CMC Markets
—
Questrade
FX & CFD
Min Deposit
CMC Markets
—
Questrade
$250
Lot Size
CMC Markets
—
Questrade
0.01
Spread Type
CMC Markets
—
Questrade
Floating
Execution
CMC Markets
—
Questrade
Market
Min Spread
CMC Markets
—
Questrade
0.8
Fee
CMC Markets
—
Questrade
No
Max Leverage
CMC Markets
—
Questrade
1:20
Stop Out
CMC Markets
—
Questrade
50%
Margin Call
CMC Markets
—
Questrade
80%
Additional Features
Demo Account
CMC Markets
Questrade
VIP Account
CMC Markets
Questrade
Swap-Free Account
CMC Markets
Questrade
Copy Trading
CMC Markets
Questrade
VPS
CMC Markets
Questrade
PAMM/MAM Accounts
CMC Markets
Questrade
Funding and Fees
| Feature | CMC Markets | Questrade |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | CAD, USD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
Inactivity fee | $15 per month after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
CMC Markets
USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD
Questrade
CAD, USD
Deposit and withdrawal methods
CMC Markets
Bank Wire, Credit Card, Debit Card, PayPal
Questrade
Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit
Inactivity fee
CMC Markets
$15 per month after 12 months
Questrade
Interest on margin
CMC Markets
Questrade
Withdrawal fee
CMC Markets
Questrade
Trading Platforms and Conditions
| Feature | CMC Markets | Questrade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), CMC Markets | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
Execution Speed | 0 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
CMC Markets
MetaTrader 4 (MT4), CMC Markets
Questrade
Questrade Edge, Questrade Trading, QuestMobile, Questrade Global
Execution Speed
CMC Markets
0 ms
Questrade
10 ms
Scalping
CMC Markets
Questrade
Expert Advisors (EAs)
CMC Markets
Questrade
Depth of Market (DOM)
CMC Markets
Questrade
Spread
CMC Markets
low
Questrade
low
Trading Assets
| Asset | CMC Markets | Questrade |
|---|---|---|
Currencies | 336 | 110 |
Indices | 99 | 15 |
Stocks | 10099 | 8000 |
Cryptocurrencies | 336 | 0 |
Bonds | 71 | 100 |
Metals | 19 | 10 |
Energies | 45 | 5 |
Soft Commodities | 58 | 0 |
ETFs | 1200 | 3000 |
Currencies
CMC Markets
336
Questrade
110
Indices
CMC Markets
99
Questrade
15
Stocks
CMC Markets
10099
Questrade
8000
Cryptocurrencies
CMC Markets
336
Questrade
0
Bonds
CMC Markets
71
Questrade
100
Metals
CMC Markets
19
Questrade
10
Energies
CMC Markets
45
Questrade
5
Soft Commodities
CMC Markets
58
Questrade
0
ETFs
CMC Markets
1200
Questrade
3000
Education and Analytics
| Feature | CMC Markets | Questrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
CMC Markets
Questrade
Indicators
CMC Markets
Questrade
Robots
CMC Markets
Questrade
Signals
CMC Markets
Questrade
Autochartist
CMC Markets
Questrade
Expert Analytics
CMC Markets
Questrade
News Feed
CMC Markets
Questrade
Education Articles
CMC Markets
Questrade
Webinars
CMC Markets
Questrade
Seminars
CMC Markets
Questrade
Customer Support
| Contact | CMC Markets | Questrade |
|---|---|---|
Email | clientmanagement@cmcmarkets.co.uk | support@questrade.com |
Phone | — | +18887837866 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter | ||
TikTok | — | TikTok |
Email
CMC Markets
Questrade
Phone
CMC Markets
—
Questrade
Instagram
CMC Markets
—
Questrade
TikTok
CMC Markets
—
Questrade
Which Broker is Better?
After comparing CMC Markets and Questrade, CMC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
CMC Markets Comparisons
Questrade Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.