CMC Markets vs Questrade 2026: Which Broker is Better?
Choosing between CMC Markets and Questrade depends on your trading style, preferred markets, and budget. CMC Markets is headquartered in London, UK, while Questrade operates from Toronto, Canada. CMC Markets has the longer track record, established in 1989, compared to Questrade which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
CMC Markets
Questrade
| CMC Markets | Questrade | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $1000 |
| Spread from | 0.7 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:3 |
| Regulation | FCA, ASIC, MAS ✓ | CIRO |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
CMC Markets is the better choice overall, scoring 4.0/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Questrade offers lower spreads (0 pips).
See full side-by-side comparison belowCMC Markets vs Questrade: Key Differences
CMC Markets
WinnerQuestrade
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Fees Comparison
CMC Markets
Questrade
Regulation & Trust
CMC Markets holds licences from FCA, ASIC, MAS. Questrade is regulated by SEC.
Markets & Assets
Both brokers offer access to Forex, Stocks, Indices, Commodities markets. CMC Markets additionally covers Cfd.
Fees & Spreads
On spreads, Questrade is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.7 pips at CMC Markets.
Trading Platforms
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. Questrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
CMC Markets requires no minimum deposit, while Questrade sets a minimum deposit of $1,000. This makes CMC Markets accessible to traders with any budget.
Overall Ratings
BrokerRank scores CMC Markets at 4.04/5 and Questrade at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. CMC Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
CMC Markets
4.0/5
Choose CMC Markets if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- No minimum deposit
- Higher leverage (up to 1:500)
Questrade
3.3/5
Choose Questrade if you want…
- Tighter spreads (from 0 pips)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both CMC Markets & Questrade are available in
Frequently Asked Questions
1Is CMC Markets better than Questrade?
CMC Markets scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 rating vs Questrade's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, CMC Markets or Questrade?
CMC Markets offers spreads from 0.7 pips, while Questrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for CMC Markets vs Questrade?
CMC Markets requires a minimum deposit of $0. Questrade requires $1000.
4Which broker is safer, CMC Markets or Questrade?
CMC Markets is regulated by FCA, ASIC, MAS, while Questrade holds licences from CIRO.
5What trading platforms do CMC Markets and Questrade support?
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. Questrade supports Proprietary Web, Proprietary Mobile.
6Can I use both CMC Markets and Questrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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