Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone vs Questrade: Pepperstone was founded in 2010 and Questrade in 2000. Neither broker is publicly traded or a bank. On the ForexBrokers.com Trust Score, Pepperstone earns 94/99 (highly trusted), while Questrade scores 85/99 (trusted).
In terms of financial regulation, Pepperstone holds 3 Tier-1 licenses—considered highly trusted—and 2 Tier-2 licenses—considered trusted. Questrade holds 1 Tier-1 license and no Tier-2 licenses. This difference may matter if you value broader oversight and licensing when choosing between these online brokers.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Year Founded | 2010 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone vs. Questrade on costs: Pepperstone earns 5/5 stars for commissions and fees and ranks #6 of 63, while Questrade earns 3.5/5 stars and ranks #33. Pepperstone’s Razor account pairs tight spreads with a small commission, and its Standard account is commission-free with wider spreads. Questrade is a spread-only broker, meaning there’s no separate trading commission—your cost is built into the bid-ask spread.
For forex, Pepperstone’s Razor account listed an average EUR/USD spread of 0.10 pips as of July 2024; once you include the commission-equivalent of 0.70 pips, the all-in price is about 0.80 pips (near the industry average). Its commission-free Standard account averaged 1.1 pips on EUR/USD, making it pricier than Razor. High-volume traders can cut costs further with Pepperstone’s Active Trader program: in the U.K. and EU, eligible Professional clients trading at least £20 million per month can get a 15% rebate per lot (up to 25% above £200 million). In Australia, Professional clients start at 100 lots over three months for Tier One (10% discount per lot), with Tier Three offering a 30% spread reduction for more than 3001 lots monthly.
Questrade states spreads can be as low as 0.8 pips under normal conditions, but averages on major pairs have been closer to 2.1–2.5 pips. At roughly 2 pips, a one‑lot forex trade can cost about $20, which is typically higher than Pepperstone Razor’s ~0.8‑pip all‑in price. For CFDs, Questrade adds a $9.95 USD trading fee per unit on top of a small spread; for example, buying one Tesla CFD would incur a ~$0.05 spread plus $9.95 to open and $9.95 to close (about $19.95 total), not counting overnight financing (e.g., ~$2.23 for a month), meaning you’d need a gain of over 6% just to break even.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.1 | 0.8 or higher |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs Questrade: both support forex trading (CFD or spot, depending on the product), but their lineups differ. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, plus it adds copy trading and crypto CFDs; Questrade offers 675 symbols but a bigger set of 110 forex pairs. Neither broker lets you buy exchange-traded stocks directly on U.S. or international exchanges (so no actual AAPL or Vodafone shares), and neither provides delivered cryptocurrency.
For range of investments, ForexBrokers.com rates Pepperstone 4/5 (ranked #23 of 63) and Questrade 5/5 (ranked #12 of 63). Pick Pepperstone if you want a larger overall symbol list, crypto CFDs, and access to copy trading; choose Questrade if your focus is having more forex pairs to trade.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 675 |
| Forex Pairs (Total) | 65 | 110 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and Questrade both provide free demo (paper) accounts, proprietary platforms, and the choice of a downloadable Windows desktop platform or a web-based trading platform. Each lets you place trades directly from charts. The key differences are platform options and social features: Pepperstone supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and offers copy trading, while Questrade does not provide MT4/MT5 or copy trading.
For trading platforms and tools, both brokers earned 4 out of 5 stars. In ForexBrokers.com’s rankings out of 63 brokers, Pepperstone placed #21 and Questrade placed #28. Both include charting and watchlists; exact indicator and watchlist column counts aren’t specified here. If you want MetaTrader and copy trading, Pepperstone is the better fit, while Questrade suits traders who prefer staying within its in-house platform ecosystem.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone vs Questrade: both brokers offer mobile trading apps for iPhone and Android. Each app supports stock or forex price alerts, synced watchlists that mirror your online account, and chart tools that let you draw trendlines and keep your drawings saved automatically.
For charting depth, Questrade provides 64 built-in technical studies, while Pepperstone offers 30. That said, Pepperstone scores higher in industry reviews: ForexBrokers.com rates Pepperstone’s Mobile Trading Apps at 4.0 stars and ranks it #19 out of 63 brokers, compared with Questrade’s 3.5 stars and #28 ranking. Choose Questrade if you want more indicators on the go, or Pepperstone if you prefer an app that earns a higher overall rating.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone vs. Questrade market research: Pepperstone provides daily market commentary and integrated forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. It also includes Autochartist tools for trading ideas, a sentiment tool showing long/short ratios, and an economic calendar covering global events. Questrade, by contrast, does not offer daily commentary, top-tier forex news, a sentiment tool, or an economic calendar. However, Questrade does include Autochartist and adds Trading Central research plus TipRanks insights. Neither broker offers research from Acuity Trading (Signal Centre).
Overall scores: Pepperstone earns 4.5 out of 5 stars for Research and ranks #12 out of 63 brokers on ForexBrokers.com; Questrade scores 3.5 out of 5 and ranks #34. Choose Pepperstone if you want built-in news, daily updates, sentiment data, and a calendar in one place; pick Questrade if Trading Central reports and TipRanks stock research are more important to you.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
Comparing Pepperstone vs Questrade for beginner education, Pepperstone delivers a more complete learning path. It runs client webinars at least once a month and offers 10+ beginner videos along with 10+ advanced videos that explain key trading ideas, including forex and CFDs. Questrade doesn’t host monthly educational webinars and doesn’t reach the 10‑video mark for beginner or advanced topics, so new traders will find fewer step-by-step lessons and less depth on forex/CFD subjects.
Independent ratings back this up: Pepperstone earns 4.5 out of 5 stars for Education and ranks #15 out of 63 brokers on ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. If you want a steady stream of videos and live sessions to build skills, Pepperstone is the stronger pick; Questrade may suit those who only need lighter, self-serve material.
| Feature |
Pepperstone
|
Questrade
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Questrade. Pepperstone finished with an overall rank of #17, while Questrade finished with an overall rank of #29.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Questrade
|
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| Overall Rating |
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| Trust Score | 94 | 85 |
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Pepperstone vs Questrade: neither broker supports buying actual (delivered) cryptocurrency, but Pepperstone offers cryptocurrency CFD trading whereas Questrade does not.
Comparing online brokers Pepperstone vs Questrade for deposit and withdrawal methods: Pepperstone supports ACH/SEPA, PayPal, and bank wires (not Skrill), while Questrade supports bank wires only and does not offer ACH/SEPA, PayPal, or Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Questrade | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Questrade Review |
| Broker Screenshots | Pepperstone | Questrade | |
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| Regulation | Pepperstone | Questrade | |
|---|---|---|---|
| Trust Score | 94 | 85 | |
| Year Founded | 2010 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Pepperstone | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 675 | |
| Forex Pairs (Total) | 65 | 110 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 0.8 or higher | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | Pepperstone | Questrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | No |
| Education | Pepperstone | Questrade | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Questrade Review |
| Overall | Pepperstone | Questrade | |
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| Trust Score | 94 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Questrade Review |
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