Pepperstone vs Qtrade

Pepperstone vs Qtrade Comparison Table 2023
Pepperstone Review 2023 Qtrade Review 2023
4.8
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.

Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts with $8.75 and $6.95 stocks, mutual fund trades and 100+ commission-free ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).

CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Bonus Offer
Get up to $150 cashback
Comment by Reviewer
"Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support." "Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades."
Pros
  • World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC)
  • Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only)
  • Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and API trading
  • In-depth and frequent webinars covering charting strategies and trading tips
  • Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD
  • Wide selection of assets including currencies indices like the US Dollar Index
  • Multiple leading platforms including MT4, cTrader and TradingView
  • Award-winning customer support via telephone, email or live chat
  • One of the best investment platforms on offer in Canada
  • Easy to use and award winning platform and customer experience
  • Good range of US and Canadian stocks as well as funds, ETFs and other assets
  • Offers a range of accounts to suit standard investments or various types of pension
  • Simple investor/member login process
  • Trailing stop loss risk management tool
  • 100+ commission-free ETFs
  • No deposit or withdrawal fees
Cons
  • Cryptos only available for professional clients in some jurisdictions
  • Limited payment methods for UK clients
  • Traders from the US not accepted
  • Transfer out fee
  • CAD to USD exchange charge
  • Commissions of $8.75 per equity can stack up
  • Limited funding options and no credit/debit card deposits
  • Only available to residents of Canada. So if you are residents of Dubai, the UK or Lebanon, you will not be eligible
Awards
  • Best Overall Broker 2023 - DayTrading.com
  • Best Trading App - DayTrading.com 2022
  • Best Forex Broker - DayTrading.com 2021
  • #1 Overall Client Satisfaction - UK Investment Trends 2022
  • #1 Value for Money - UK Investment Trends 2022
  • #1 Quality of Trade Execution - UK Investment Trends 2022
  • #1 Ease of Platform Navigation - UK Investment Trends 2022
  • #1 Charting - UK Investment Trends 2022
  • Best Forex Broker Overall - Compareforexbrokers.com 2022
  • Best MT4 Broker - Good Money Guide Best MT4 Broker 2022
  • Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader brokers 2022
  • 30 industry awards across 15 years
Instruments
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting Stocks, ETFs, Bonds, Mutual Funds, Options, GICs
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
  • DupliTrade
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB CIRO
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No Yes
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
Yes No
Copy Trading Platform
Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts.
Social Trading
Yes No
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • CAD
Stock Exchanges
Commodities
CFD Trading
Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies. CFD trading not offered
Leverage
1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.0
GBPUSD Spread
0.0
Oil Spread
2.0
Stocks Spread
From 0.0 pts for US shares
Forex Trading
Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01. Forex trading not offered
Forex App

Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition.

GBPUSD Spread
1.0
EURUSD Spread
1.0
EURGBP Spread
1.2
Assets
60+
Currency Indices
  • USD
  • EUR
  • JPY
Cryptocurrency
Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market. Crypto trading not offered
Spread
BTC 30, ETH 0
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • DASH
  • ADA
  • LINK
  • DOGE
  • EOS
  • DOT
  • XRP
  • XLM
  • XTZ
  • UNI
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
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