Select Your Brokers to Compare
TD Direct Investing vs Pepperstone : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TD Direct Investing
Pepperstone
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
None
ECN broker
Years of Existence / Established Year
1984
2010
Customer Base / Number of Accounts
17 M
400,000 traders
Regulation & Security
Regulations (governing bodies)
CIPF, CIRO
FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB
Awards Won (count for the last 2 years)
No major awards listed
2024 Forex Broker of the Year by BrokerWahl.de, TradingView Social Champion 2023
Security Measures
CIPF
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Fixed income investments, GICs
1200+ trading assets including shares, currencies indices
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
No
Options
Yes
No
Futures
No
No
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
No
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
Yes
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
TD app, web trader, Advanced dashboard, TD active trader
Pepperstone proprietary platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Standard and Razor account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
No
1:20 to 1:500
Trade Limit (maximum per trade)
Depends on asset types
100 lots trading size
Commission (per account type)
NA
Razor account - $3, Standard account -$0
Best Suited For (e.g., beginners, experienced traders)
Beginners and experienced traders
Beginner to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Direct bank account, Check
Credit/debit card, Bank transfer, e-wallets, Union pay, USDT
Withdrawal Methods
SWIP, Wire payment
Credit/debit card, Bank transfer, e-wallets, Union pay, USDT
Other E-Wallets Supported
No
Neteller,skrill, PayPal
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Trading Education Online Courses, Market Analysis and Insights, Webinars, Trading Guides and eBooks, Video Tutorials, The Daily Fix Market News and Analysis, Pepperstone Blog Trading Insights
Fees & Commissions
Trading-Related Fees
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread-1.2 pips
Spread (typical, fixed, variable)
NA
Variable
Per Lot Fees
NA
Razor account: $3.50 per lot, Raw account: $7 per lot, cTrader:$6 round trip per unit, TradingView: $7 roundtrip per unit
Options Contract Fees
$9.99 + $1.25 per contract
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
1 pip on FX pairs
Guaranteed Stop Loss Fees
NA
Charges apply
Maximum Leverage
No
1:500
Non-Trading Fees
Dormant Fees
NA
$0
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2-$5
NA
Account Opening Fee
Applicable, Depends on account types
NA
Account Maintenance Fee
$25 per quarter
NA
Deposit Fee
$17.50 U.S
$0
Currency Conversion Fee
2.50%
Razor Account- $29.36, Standard Account - $48.12, Swap-free Account $58.78
Withdrawal Fee
$30-$100
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
VIX 00:01 - 23:59 (Opens Monday 01:00; Friday close 23:55), NAS100 01:00 - 23:15, 23:30 - 23:59 (Closes Friday 23:55), HK Share CFDs 4:30-7:00, 8:00-11:00, US Share CFDs 16:31 - 22:55
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday, 7 am to 10 pm ET
24/7
Customer Support Methods (phone, email, live chat)
Phone: 1-800-465-5463, , Book an appointment
Phone: +1786 628 1209, Email: [email protected], Live chat
Support Languages
4
8+
Additional Information
Headquarters Location
66 Wellington Street West, Toronto, ON M5K 1A2
Melbourne, Australia
Complaints (for crypto brokers)
No
No
Explore More Broker Matchups
Here are more Comparisons to help you choose wisely
Our Latest Contents
Stay updated with our newest insights and guides!
Top Broker Reviews
Discover brokers trusted by global traders.
No