eOption
questrade
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Overview
eOption was founded in 2008 and is headquartered in USA, while questrade was established in 2019 and is based in New Zealand. eOption holds licences including Unregulated, while questrade is regulated by Financial Conduct Authority (FCA) among others. eOption serves 10,000+ clients worldwide; questrade has 10,000+. The minimum deposit is $500 at eOption and $250 at questrade.
| Feature | eOption | questrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F298 |
| Founded | 2008 | 2019 |
| Country | USA | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption and questrade, directly affecting your bottom line as a trader. questrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at eOption). eOption charges withdrawal fees while questrade does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; questrade does not. Overall, questrade scores higher on fees in our assessment.
| Feature | eOption | questrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
eOption offers MT4, MT5, cTrader, while questrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. questrade supports social and copy trading features, which eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | questrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and questrade compare. questrade runs regular live webinars; eOption does not. Both provide video tutorials. questrade publishes daily market commentary; eOption does not. Both integrate third-party research tools. questrade maintains an archive of past webinars for on-demand viewing. questrade scores higher overall in education and research.
| Feature | eOption | questrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while questrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). questrade uniquely supports PayPal and Skrill and Neteller among the two brokers. questrade scores higher on deposit and withdrawal flexibility.
| Feature | eOption | questrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eOption and questrade offer live chat support. Both provide phone support. Email support is available at both brokers. eOption supports 2 languages and questrade supports 8, giving questrade broader global reach. Both brokers are comparable on support quality.
| Feature | eOption | questrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |