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 is the better pick for traders who care most about low commissions and fees. Its Razor account uses commission-based pricing and, with average EUR/USD spreads of 0.10 pips plus a 0.70-pip commission equivalent, the all-in cost is about 0.80 pips. That makes it cheaper than Pepperstone’s Standard account, which is commission-free but has wider spreads, averaging 1.1 pips on EUR/USD. Pepperstone also offers an Active Trader program that can lower costs further for high-volume clients. Pepperstone earns 5 stars and ranks #6 out of 36 for commissions and fees.
Questrade Global, by comparison, builds its trading costs into the spread instead of charging a separate commission. While its spreads can start as low as 0.8 pips in normal market conditions, major pairs were found to be closer to 2.1 to 2.5 pips at the time of review, which can make trading more expensive in practice. For CFDs, Questrade adds a $9.95 USD trading fee per unit, and overnight financing costs can increase the total even more. Questrade is rated 3.5 stars and ranks #33 out of 36 for commissions and fees.
In simple terms, Pepperstone generally offers lower trading costs, especially for active forex traders, while Questrade’s pricing can add up quickly on both forex and CFD trades.
| 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 and Questrade both let you trade forex, but they differ in the mix of markets they offer. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while Questrade offers 675 tradeable symbols and a larger selection of 110 forex pairs. Neither broker provides access to real shares on U.S. or international stock exchanges, so you cannot buy individual stocks like Apple or Vodafone through either platform.
Where Pepperstone stands out is in extra trading features and crypto CFDs. It supports copy trading and lets you trade cryptocurrency CFDs, while Questrade does not offer either of those options. Even so, Questrade scores higher for range of investments overall, with a 5-star rating and a #12 ranking out of 36 brokers from ForexBrokers.com, compared with Pepperstone’s 4-star rating and #23 ranking.
| 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 give traders a wide set of platform choices, including a free demo account for paper trading, a proprietary platform, a Windows desktop app, and a web-based trading platform. Both also let users trade directly from a stock chart, which makes placing orders more convenient for active traders. In ratings for trading platforms and tools, both brokers score 4 out of 5 stars, showing that each offers a strong overall experience for everyday trading needs.
Where Pepperstone pulls ahead is in platform variety and advanced trading tools. Pepperstone supports copy trading plus MetaTrader 4 and MetaTrader 5, while Questrade does not offer those options. That extra flexibility helps Pepperstone appeal to traders who want more charting and strategy choices. In ForexBrokers.com’s Trading Platforms and Tools category, Pepperstone is ranked #21 out of 36 brokers, compared with Questrade at #28, giving Pepperstone the edge overall for platform depth and tool selection.
| 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 and Questrade both make it easy to trade on the go with iPhone and Android apps, plus price alerts and watchlist syncing between the mobile app and online account. Each app also lets users draw trendlines on charts, and those drawings are saved automatically. For everyday mobile trading needs, both brokers cover the basics well, making it simple to track markets and manage watchlists from a phone.
Where they differ is in charting depth and overall mobile app results. Questrade offers 64 technical studies in its mobile charts, compared with 30 at Pepperstone, which may matter more for traders who rely on technical analysis. Pepperstone, however, has the higher mobile trading app rating at 4 out of 5 stars and ranks #19 out of 36 brokers on ForexBrokers.com, while Questrade sits at 3.5 stars and #28. If you want stronger mobile app ratings, Pepperstone has the edge; if you want more chart studies, Questrade stands out.
| 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 has the edge over Questrade for market research overall, with a 4.5-star Research rating and a #13 ranking out of 36 brokers, compared with Questrade’s 3.5 stars and #34 ranking. Pepperstone stands out for daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool showing long and short positioning, and an economic calendar for global events. It also includes Autochartist, which can help traders spot technical and fundamental ideas.
Questrade still offers useful research features, including Autochartist, Trading Central tools, and TipRanks, but it lacks several of the day-to-day market updates and news sources available at Pepperstone. In simple terms, Pepperstone is the stronger choice for traders who want more frequent market insight and a wider set of built-in research tools, while Questrade may appeal to those who value TipRanks and Trading Central specifically.
| 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.
Pepperstone has the edge over Questrade for beginner-friendly learning tools. It offers forex and CFD education with at least 10 pieces of content, along with monthly educational webinars and more than 10 beginner videos as well as 10 advanced videos for traders who want to go further. Questrade, by comparison, does not offer the same level of forex or CFD-focused education, does not host monthly educational webinars, and does not provide the same depth of beginner or advanced video content.
That difference is reflected in the ratings and rankings as well. Pepperstone earns 4.5 out of 5 stars for Education and places #15 out of 36 brokers at ForexBrokers.com, while Questrade scores 3.5 stars and ranks #28. For beginners looking for more guided learning, Pepperstone is the stronger choice overall.
| 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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