Pepperstone is a popular forex broker and CFD trading platform that serves clients in over 150 countries around the world. So if you want to start trading online, you might be wondering: Is Canada one of the countries supported by Pepperstone?
Is Pepperstone available in Canada?
No. Unfortunately, Pepperstone is not available to Canadian residents. So if you’re looking for a trading platform in Canada, you’ll need to search for Pepperstone alternatives
To help you decide on reputable Pepperstone alternatives for Canadian investors, we’ve curated a list of highly-rated online brokerages below so you can easily compare options.
Questrade offers several Pepperstone-like features for Canadian investors. If you want to trade forex, you can access competitive commissions on over 110 currency pairs. You can also trade CFDs on commodities, indices and stocks, and there's a handy practice account available for new traders looking to sharpen their skills. To top it off, Questrade also offers commission-free stock and ETF trading, plus separate platforms to suit the needs of beginners or more advanced traders. That's why it's a top alternative to Pepperstone in Canada.
Pros
Zero-commission stock and ETF trading
Supports forex and CFD trading
Dual currency accounts
Level 1 streaming data
Managed Questwealth portfolios also available
Cons
No futures trading
1.5% currency conversion fee
Forex and CFD trading are best left to experienced traders
Signup Offer
Get $50 cash back (with a $250 minimum deposit) by using our Questrade promo code FINDER100 when signing up. Offer ends May 13, 2026.
Unlike Pepperstone, Qtrade doesn't offer forex and CFD trading. But what it does offer is a user-friendly online and mobile interface for Canadians who want to invest in stocks, ETFs, mutual funds, bonds, options and GICs. You can now trade stocks and ETFs with $0 commissions on Qtrade, plus access a suite of portfolio analytics tools to help assess your investing performance. If you're searching for a discount broker in Canada, Qtrade should definitely be on your shortlist.
Pros
$0 commission stock, mutual fund and ETF trading
Trial account available
Good selection of research and analysis tools
Supports a wide range of account types
Investment screening tools
Cons
No support for CFDs
No futures or crypto trading
No fractional shares
Signup Offer
Earn up to $2,000 cashback when you open and fund a new Qtrade account. Valid until July 31, 2026.
CIBC Investor's Edge is a feature-rich trading platform for Canadian investors. While it doesn't support forex and CFD trading like Pepperstone does, it does offer a user-friendly platform for trading stocks, ETFs, mutual funds, options, precious metals and more. You can also access research reports from CIBC Capital Markets, Morningstar and Thomson Reuters/LSEG, while screeners and stock charting tools help to further inform your investing decisions. Brokerage fees apply, but you can get discount fees if you're an active trader, young investor or student.
Pros
Wide range of research and analysis tools
Discounts for young, student and active traders
Lots of useful research and analysis tools
Cash and margin trading available
Cons
Discount brokers have lower fees
No CFD trading
Annual account fee if you don't meet a minimum balance requirement
Watch out for currency conversion costs
Signup Offer
Save up to 20% off TurboTax with CIBC. Valid until April 30, 2026.
Win up to $100,000. Open and fund a new BMO InvestorLine account for your chance to win one of 11 cash prizes. T&Cs apply. Valid until June 1, 2026 T&Cs apply.
InvestorLine is another big bank-backed brokerage with plenty to offer to Canadian investors. While it doesn't support forex or CFD trading, it does allow you to trade Canadian and US stocks and ETFs as well as options, GICs, bonds and more. Brokerage fees apply, but there are discounts available for active traders. Alternatively, you could get matched with a managed portfolio through BMO SmartFolio or get advisor support with BMO InvestorLine adviceDirect, making InvestorLine a solid option if you're searching for the best stock trading platform.
Pros
Commission-free trading of popular ETFs
No minimum balance required to open an account
Choose from a wide range of account types
Platform for active traders
Cons
Discount brokers have cheaper fees
No CFD trading
Account fee if balance requirement isn't met
Signup Offer
Win up to $100,000. Open and fund a new BMO InvestorLine account for your chance to win one of 11 cash prizes. T&Cs apply. Valid until June 1, 2026.
Monthly Account Fee
$0 if conditions met, otherwise $50 - $100 per year
If you're looking for an app that makes it quick and easy to start investing, Wealthsimple just might be the broker for you. Open a Wealthsimple account, and you can trade US and Canadian stocks and ETFs with zero commissions. $0 options trading is available too, plus you can invest in gold and crypto from the same account. Alternatively, for a more laid-back approach to investing, you can get matched with one of Wealthsimple's pre-built robo-advisor portfolios based on your goals and needs. It's all down to your preferences and how you want to invest.
Pros
User-friendly trading experience
Commission-free stock and ETF trading
Also supports gold and crypto trading
Free real-time streaming quotes
No annual account fees
Cons
Not as many advanced features as some other brokers
Interactive Brokers is one of those platforms that needs no introduction. This popular global brokerage firm provides access to 170 markets around the world, allowing you to expand your investment horizons far beyond Canada. You can trade just about anything too, including stocks and ETFs as well as futures, options and currencies. Interactive Brokers also offers a wealth of research and analysis tools, offers cash and margin trading, and supports over 100 order types for advanced traders. That's why it's well worth checking out when you're choosing a stock trading platform.
Pros
Trade a huge range of assets and markets
Fund your account and trade in 29 currencies
Advanced trading tools
Separate platforms for beginners and experienced traders
Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
ETF Transaction Cost
Min. $1.00, Max. 0.5%
Option Fee
$1.00–$1.25 per contract (min. $1.50)
Stock Trading Fee
Max. 0.5%
Account Fee
$0
FX Fee
0.08–0.2 bps trade value, min $1.00–$2.00 USD
Min. Deposit
$0
Moomoo
Moomoo
8.6
Great
Get up to $4,600+ in trading perks T&Cs apply. T&Cs apply.
Moomoo doesn't offer the same forex and CFD trading products as Pepperstone. But what it does offer is a user-friendly discount brokerage where you can trade Canadian and US stocks and ETFs as well as US options. Trade online, on your desktop or via a highly rated mobile app, and take advantage of features such as free real-time Level 2 market data and advanced charting tools. We also like the inclusion of a paper trading account, allowing you to practice your trades before putting any real money at risk.
Pros
Competitive commissions
Easy to use
Large range of analyst ratings and charting tools
No minimum deposit required
Real-time quotes
Cons
No CFD trading
Watch out for high fees on large trades
Canadian and US markets only
Signup Offer
Get up to $4,600+ in trading perks: Get a 6% cashback reward offer, commission fees refunded up to $2,000 in the first 30 days, $300 in stock coupons and $2,300 in transfer-in rewards.T&Cs apply.
Monthly Account Fee
$0
Account Types
RRSP, TFSA, Personal, FHSA, Margin
Available Asset Types
Stocks, Options, ETFs
ETF Transaction Cost
USD$0.99/stock
Option Fee
US stocks and ETFs: USD$0.99/stock (min. US$1.99 per trade)
Inactivity Fee
$0
Stock Trading Fee
$0.99 - $1.49
Account Fee
$0
FX Fee
0%
Min. Deposit
$0
How does the Pepperstone trading platform work?
As a global forex broker and CFD trading platform, Pepperstone offers its services in well over 100 countries around the world. Features and products may vary between regions, but here’s a general look at what Pepperstone offers to eligible users.
CFD trading
Pepperstone clients can speculate on the price movements of thousands of global markets with CFDs. Forex, share, index, commodity, cryptocurrency and ETF CFDs are all available through the platform. CFD forward trading is also available on popular indices and commodities.
Account types
A Standard CFD account from Pepperstone features tight spreads and no commissions on most markets, while share CFDs come with a commission starting from just US$0.02 per share.
High-volume traders can choose a Razor CFD account, which offers raw spreads starting at 0.0 points with a fixed commission. All spreads and commissions are outlined in full on the Pepperstone website.
Both account types allow customers to trade a total of 1,444 instruments.
Choice of trading platforms
Pepperstone customers can trade on Pepperstone’s native platform and app for complete simplicity. Alternatively, they can connect to third-party trading platforms such as MetaTrader 4, MetaTrader 5, TradingView or cTrader.
Pepperstone Pro
Professional clients can access Pepperstone Pro, which offers a variety of benefits and perks. These include increased leverage of up to 1,000:1, cash rebates and reduced costs under the Active Trader Program, and a dedicated relationship manager.
Risk management tools
Pepperstone accounts feature a range of tools designed to help traders manage their risk. These include stop-loss, trailing stop and take-profit orders, plus the ability to set alerts for specific price movements.
24/5 support
If traders need help with their account, Pepperstone customer support is available 24 hours a day on weekdays via email, phone, WhatsApp and live chat. Support is available 18 hours a day on weekends.
Can you open a Pepperstone account in another country?
Yes, you can open a Pepperstone account in another country. Although this broker doesn’t offer Canadian accounts, it does operate in over 150 countries elsewhere around the globe.
Which countries does Pepperstone operate in?
Pepperstone operates in more than 150 countries around the world. It has regulated offices in the following countries:
Australia
Bahamas
Cyprus
Kenya
United Arab Emirates
United Kingdom
Can you use Pepperstone in Canada?
You can’t use Pepperstone if you’re a Canadian, as Pepperstone does not offer Canadian accounts.
But if you’re a resident of a country where Pepperstone operates and you’re travelling to Canada, you should still be able to access your account.
What is the best Pepperstone alternative in Canada?
The best Pepperstone alternative in Canada really depends on your needs. You’ll need to consider factors such as your budget, the assets and markets you want to trade, and your trading experience to decide which platform is right for you.
However, Interactive Brokers and Moomoo are two of the best alternatives to Pepperstone. Interactive Brokers is a top pick because it offers competitive commissions, plenty of features to suit advanced traders, and the ability to trade a huge range of assets and markets. Moomoo shines for its discount brokerage fees, easy-to-use platform and highly rated mobile app.
Can you download the Pepperstone app in Canada?
No, Pepperstone does not accept clients in Canada.
The good news is that all of the Pepperstone alternatives listed above offer mobile trading apps. Compare user ratings across the iOS and Android app stores, plus check the broker’s fees and features, before deciding which one is the best fit for your needs.
Bottom line
There’s no need to stress about the fact that Pepperstone doesn’t offer trading accounts in Canada. Several other reputable and user-friendly brokers do serve Canadian users, so compare a range of them to find one that’s right for you.
Frequently asked questions about Pepperstone
The CIPF is a not-for-profit fund that provides financial protection for Canadian investors. It offers coverage for people who have property held with a CIPF member firm (an investment dealer and/or mutual fund dealer), and that firm becomes insolvent.
Pepperstone was founded in Melbourne, Australia, in 2010. In addition to its Melbourne head office, it also operates offices in the Bahamas, Cyprus, Kenya, the United Arab Emirates and the United Kingdom.
No. CFD trading is highly complicated and very risky, and the use of leverage means it's possible to lose more than you initially invested. As a result, CFDs are best left to experienced traders. Learn more in our full guide to CFD trading.
Experienced traders in eligible countries can complete a certification process to become a Pepperstone Pro. They must complete a short quiz to confirm that they meet two of three criteria:
Their experience in trading leveraged products
Cash deposits and a trading portfolio of more than US $500,000
Professional experience working in the financial services sector
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
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