Compare Pepperstone vs eToro
What is Pepperstone? What is eToro?
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.
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. eToro is also known for its social trading and copy trading features, which allow users to follow and copy the trades of other successful traders.
Pepperstone vs eToro Regulation Comparison
Both Pepperstone and eToro are considered highly trusted brokers, with an overall Trust Score of 95 out of 99 for Pepperstone and 90 out of 99 for eToro. They both hold licenses from tier one regulators such as the FCA (UK) and ASIC (Australia), as well as tier two regulators such as CySEC (Cyprus) and DFSA (UAE). However, Pepperstone has more licenses than eToro, including one from SCB (Bahamas), which gives it an edge in terms of global coverage.
| Regulator | Pepperstone | eToro |
|---|---|---|
| FCA (UK) | Yes | Yes |
| ASIC (Australia) | Yes | Yes |
| CySEC (Cyprus) | Yes | Yes |
| DFSA (UAE) | Yes | Yes |
| SCB (Bahamas) | Yes | No |
Pepperstone vs eToro Trading Assets Comparison
Both Pepperstone and eToro offer a wide range of trading assets, including forex, stocks, indices, commodities, cryptocurrencies and ETFs. However, there are some differences in the number and type of assets available on each platform.
Pepperstone offers more forex pairs than eToro, with 62 vs 49 respectively. Pepperstone also offers more indices, including the US Dollar Index. On the other hand, eToro offers more stocks than Pepperstone, with over 2000 vs around 1000 respectively. eToro also offers non-CFD stock trading for US and international stocks, which means that users can own the underlying shares instead of just speculating on their price movements.
eToro also has an edge over Pepperstone in terms of crypto trading, as it offers more cryptoassets than Pepperstone (16 vs 5 respectively), as well as non-CFD crypto trading via its US subsidiary.
| Asset Type | Pepperstone | eToro |
|---|---|---|
| Forex Pairs | 62 | 49 |
| Stocks (CFD) | ~1000 | ~2000 |
| Stocks (Non CFD) | No | Yes |
| Indices | 14 + US Dollar Index | 13 |
| Commodities | 15 + Soft Commodities | 15 |
| Cryptocurrencies (CFD) | 5 | 16 |
| Cryptocurrencies (Non CFD) | No | Yes |
| ETFs (CFD) | No | 145 |
Pepperstone vs eToro Trading Fees Comparison
Pepperstone offers two main account types: Standard and Razor. The Standard account has no commission but higher spreads, while the Razor account has lower spreads but charges a commission per lot traded. The average spread for EUR/USD on the Razor account is 0.12 pips, which is very tight compared to the industry average. Pepperstone also offers an Active Trader Program for high-volume traders who can benefit from discounts on forex, indices and commodities fees.
eToro does not charge any commission for stock and ETF trading (non-CFD), but it does charge a spread for all other assets. The average spread for EUR/USD on eToro is 1 pip, which is higher than Pepperstone’s Razor account. eToro also charges a withdrawal fee of $5 and an inactivity fee of $10 per month after 12 months of no activity.
| Fee Type | Pepperstone | eToro |
|---|---|---|
| Commission (Forex, CFDs) | Standard: No, Razor: Yes | No |
| Commission (Stocks, ETFs) | Yes (CFD only) | No (Non CFD only) |
| Spread (Forex, CFDs) | Standard: Higher, Razor: Lower | Higher |
| Spread (Stocks, ETFs) | Yes (CFD only) | No (Non CFD only) |
| Withdrawal Fee | No | $5 |
| Inactivity Fee | No | $10/month |
Pepperstone vs eToro Account Types Comparison
Pepperstone has a low minimum deposit requirement of $200 for both Standard and Razor accounts. Pepperstone also offers high leverage up to 500:1 for forex trading and up to 200:1 for other assets. However, leverage may vary depending on the jurisdiction and regulation. Pepperstone also offers an Islamic account option for clients who follow Sharia law and do not want to pay or receive interest on their trades.
eToro has a higher minimum deposit requirement of $200 for US clients and $500 for non-US clients. eToro also offers lower leverage than Pepperstone, with a maximum of 30:1 for forex trading and lower for other assets. However, leverage may also vary depending on the jurisdiction and regulation. eToro does not offer an Islamic account option, but it does offer a Halal-friendly account that does not charge overnight fees for stock and ETF trading (non-CFD).
| Account Type | Pepperstone | eToro |
|---|---|---|
| Minimum Deposit | $200 | $200 (US), $500 (non-US) |
| Leverage (Forex) | Up to 500:1 | Up to 30:1 |
| Leverage (Other Assets) | Up to 200:1 | Lower than Forex |
| Islamic Account | Yes | No |
| Halal-friendly Account | No | Yes |
Pepperstone vs eToro Deposit Options Comparison
Pepperstone does not charge any deposit or withdrawal fees, except for international bank transfers which may incur intermediary bank fees2. Pepperstone also processes deposits and withdrawals within one business day, except for bank transfers which may take longer. Pepperstone supports 10 base currencies for its accounts, including USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD and HKD.
eToro charges a withdrawal fee of $5 for all methods. eToro also processes deposits within one business day, but withdrawals may take up to eight business days depending on the method. eToro supports only one base currency for its accounts, which is USD. However, eToro offers a digital wallet that supports multiple currencies such as EUR, GBP, AUD, CAD and more.
| Option Type | Pepperstone | eToro |
|---|---|---|
| Deposit Methods | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, POLi, BPay and more | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller and more |
| Withdrawal Methods | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller and more | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller and more |
| Deposit Fee | No | $0-$10 depending on the method |
| Withdrawal Fee | No | $5 |
| Processing Time (Deposit) | Within one business day | Eight business days |
Pepperstone vs eToro Trading Platforms Comparison
eToro has its own proprietary platform and mobile-friendly. The platform has a simple and intuitive interface that allows users to easily access the markets, manage their portfolio, execute trades and monitor their performance. The platform also has innovative social trading features, such as CopyTrader and CopyPortfolios, which allow users to follow and copy the trades of other successful traders or invest in diversified portfolios of assets.
Pepperstone does not have its own platform, but instead offers users the choice of MT4, MT5, cTrader and TradingView. These are popular and widely-used trading platforms in the industry that offer more advanced tools and features than eToro’s platform. For example, these platforms allow users to customize their charts, indicators, orders and strategies, as well as use automated trading systems such as Expert Advisors (EAs) or cBots. These platforms also offer faster execution and lower latency than eToro’s platform.
| Platform Type | eToro | Pepperstone |
|---|---|---|
| Proprietary Platform | Yes | No |
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| TradingView | No | Yes |
| Web-Based Platform | Yes | Yes |
| Mobile Platform | Yes | Yes |
| Desktop Platform | No | Yes |
| Social Trading Features | Yes (CopyTrader, CopyPortfolios) | No |
| Automated Trading Features | No (except for copying) | Yes (EAs, cBots) |
| Customization Options | Limited (charts, watchlists) | High (charts, indicators, orders, strategies) |
| Execution Speed / Latency | Lower / Higher | Higher / Lower |
Pepperstone vs eToro Analytical Tools Comparison
eToro offers some basic analytical tools on its platform, such as charts, news feed, economic calendar and market sentiment. For example, eToro’s charts have limited time frames and indicators, and its news feed is not very detailed or timely. eToro’s main strength lies in its social trading tools, which allow users to access the insights and strategies of other traders on the platform.
Pepperstone offers more advanced and diverse analytical tools on its platforms, such as charts, news feed, economic calendar, market sentiment, trading signals, market analysis and more. These tools are more comprehensive and sophisticated than eToro’s tools. For example, Pepperstone’s charts have more time frames and indicators, and its news feed is more detailed and timely. Pepperstone also offers access to third-party tools such as Autochartist, Smart Trader Tools and Capitalise.ai, which provide additional features such as pattern recognition, trade management and automation.
| Tool Type | eToro | Pepperstone |
|---|---|---|
| Charts | Basic (limited time frames and indicators) | Advanced (more time frames and indicators) |
| News Feed | Basic (not very detailed or timely) | Advanced (more detailed and timely) |
| Economic Calendar | Basic (only major events) | Advanced (more events and filters) |
| Market Sentiment | Basic (only buy/sell percentage) | Advanced (more indicators such as VIX) |
| Trading Signals | No | Yes (Autochartist) |
| Market Analysis | No | Yes (daily reports from analysts) |
Pepperstone vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading style, goals and risk appetite. Here are some general guidelines that can help you decide:
- If you are a beginner or passionate about social trading, you may prefer eToro, as it has a simple and user-friendly platform, a large and active community of traders and features. creative capabilities such as CopyTrader and CopyPortfolio.
- If you are a professional or experienced trader, you may prefer Pepperstone, as it has more advanced and diversified platforms, lower fees and faster execution, and more sophisticated tools. like EA, cBots and Autochartist.
- If you are interested in trading stocks and crypto assets without CFDs, you may prefer eToro, as it offers commission-free stock trading (not CFDs) and crypto trading. not CFD through its US subsidiary.
- If you are interested in trading forex and other CFDs with high leverage and low spreads, then you may prefer Pepperstone, as it offers leverage up to 500:1 for forex trading and spreads. Average is 0.12 pips for EUR/USD on Razor account.
- If you are looking for a broker with more global coverage and license, then you may prefer Pepperstone, as it has licenses from 7 jurisdictions, including UK (FCA), Australia (ASIC), Cyprus (CySEC) and UAE (DFSA).
- If you are looking for a broker with low minimum deposit requirements and a digital wallet with multiple currencies, then you may prefer eToro, as it has a minimum deposit of $200 for US customers and $500 for non-US customers, and a digital wallet that supports multiple currencies like EUR, GBP, AUD, CAD, and more.
Finally, You can open a demo account with both brokers and test their platforms, features and services before making your final decision.
