eToro vs Pepperstone vs Admiral Markets - Fees Review included
| Feature | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Overall |
4.8 |
4.4 |
4.7 |
5.0 |
4.7 |
5 |
|
4.7 |
4.7 |
4.8 |
|
4.9 |
4.4 |
4.7 |
|
Investment Instruments |
5.0 |
4.4 |
4.5 |
Platforms and Charting Tools |
4.1 |
4.8 |
4.6 |
Deposit and Withdrawal |
4.5 |
4.5 |
4.4 |
Research |
5 |
3.9 |
4.6 |
Education |
4.3 |
4.1 |
4.4 |
Support |
4.2 |
4.3 |
4.4 |
Bonuses |
1 |
3.2 |
3 |
|
|
|
|
eToro vs Pepperstone vs Admiral Markets: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
| eToro | Pepperstone | Admiral Markets | |
|---|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | Fast order execution - 30 ms on average | Well-Regulated broker |
| Highly licensed and regulated broker | Low trading fees | 3400+ trading instruments | |
| eToro charges a fixed withdrawal fee of $5 USD | Strong luqidity | Low trading and non trading fees | |
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | Advanced ECN account | Invest account for stock and ETF trading | |
| The funds of eToro clients are held at the licensed US banks | Access to TradingView's advanced charting tools | 6 free stock trades per day | |
| Strong regulation | Fee discounts for big volume trading | ||
| Any strategy is allowed | |||
| Free VPS | |||
| Direct stock trading, Over 4500 stocks and ETFs | |||
| Overall Cons | Customer support can be only contacted by tickets | The company offer Crypto CFDs outside Africa and UK | No forex bonuses |
eToro vs Pepperstone vs Admiral Markets: Safety and Regulation
| Regulated By: | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
£85,000 €20,000 €100,000 (DE) |
£85,000 €20,000 €100,000 (DE) |
FCA UK Regulation |
Yes |
Yes |
Yes |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Yes |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
No |
No |
No |
BVI FSC |
No |
No |
No |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
No |
No |
eToro vs Pepperstone vs Admiral Markets: Trading Conditions
| Trading Conditions | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Minimum Deposit |
$50 |
$0 |
$1 |
Trading Platforms |
eToro |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
МТ4, MT5 |
Max Leverage (Futures) |
1:30 |
1-500 |
1-500 |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Trading assets |
1000+ |
1200+ |
3500+ |
Trading Accounts |
Standard, Demo |
Razor, Standard |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Base Account Currencies |
USD |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
eToro vs Pepperstone vs Admiral Markets: Fees
| Fee | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,3 |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,1 |
1,5 |
1,5 |
ECN Commission |
3 |
3 |
|
ECN Spread EUR/USD |
0,1 |
0,1 |
|
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
No |
No |
Withdrawal fee, USD |
5 |
No |
No |
Inactivity fee, $ |
10 |
No |
No |
eToro vs Pepperstone vs Admiral Markets: Trading Assets
| Asset Name | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Overall |
1000+ |
1200+ |
3500+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Yes |
Metals |
Yes |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Yes |
Bonds |
No |
No |
Yes (CFD) |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
No |
Binary Options |
No |
No |
No |
eToro or Pepperstone or Admiral Markets: Investment Programs
| Asset Name | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
Yes |
MAM/PAMM |
No |
No |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: eToro or Pepperstone or Admiral Markets
| eToro | Pepperstone | Admiral Markets | |
|---|---|---|---|
MT4 |
No |
Yes |
Yes |
MT5 |
No |
Yes |
Yes |
cTrader |
No |
Yes |
No |
Appropriate platform |
eToro |
No |
Admirals, StereoTrader |
Others |
No |
TradingView |
No |
|
|
|
|
eToro vs Pepperstone vs Admiral Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
No |
No |
No |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
No |
Yes |
Yes |
eToro vs Pepperstone vs Admiral Markets: Research
| Research Type | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
News Feed |
Yes |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Yes |
eToro vs Pepperstone vs Admiral Markets: Education
| Education Type | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
Yes |
Articles |
Yes |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
No |
No |
Yes |
eToro vs Pepperstone vs Admiral Markets: Support
| Support Features | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
No |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
No |
eToro vs Pepperstone vs Admiral Markets: Forex Bonuses and Promo
| Promo | eToro | Pepperstone | Admiral Markets |
|---|---|---|---|
Forex Bonus |
No |
No |
No |
Affiliate Program |
$100-250 per trader |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
up to $600 per client |
Other Promos |
No |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
|
|
|
|
|
Top 5 Reviews on eToro
-
Comment
I’ve been familiar with the broker eToro for over a year, looking for a platform with extensive features for copy trading and the ability to buy stocks in small lots. The minimum deposit is $50, which is affordable, but spreads start at 1.0 pip — not the lowest in the market. I liked that the broker is regulated by CySEC and FCA, and has over 20 million clients worldwide. During this time, I tried buying fractional shares and investing in cryptocurrencies — the platform makes this quite convenient, although the website can be slow at times. I consider eToro more of a universal platform for passive investing than for frequent trading.
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
Top 5 Reviews on Pepperstone
-
Comment
I found the broker Pepperstone while looking for a company with no deposit or withdrawal fees — I’ve never had to pay extra, as the broker covers all the charges. I was impressed by the selection — over 1,200 instruments, including rare currency pairs, commodity indices, and cryptocurrencies. I often trade on news releases, and the execution speed (as fast as 30 ms) is just amazing! In three months, I earned nearly $1,000, especially from trading oil and gold.
-
Comment
Pepperstone caught my attention with its range of platforms: MetaTrader 4/5, cTrader, and even TradingView! The minimum order size is 0.01 lots, which makes it convenient to test strategies with minimal risk. I deposited and withdrew funds via PayPal and bank card — both options were fast, with funds arriving within 1–2 hours. In one month, I made $600 trading CFDs on stocks and commodities. Bonuses and promos are rare, but the trading conditions more than make up for it.
-
Comment
I started working with Pepperstone on the recommendation of a friend who has been in the market for several years. I was pleasantly surprised that spreads start from 0.0 pips and there are over 1,200 trading instruments to choose from! I opened my account in EUR, although other currencies are available, including SGD and HKD. I trade through MetaTrader 5, and for experimentation, I connected cTrader — it’s convenient to switch between platforms. I managed to earn +$400 on cryptocurrencies during the first week, especially on ETH’s rise. Throughout my time trading, I haven’t encountered any requotes.
-
Comment
I chose Pepperstone because of its zero minimum deposit — a rarity among major brokers. I appreciated that the platform is regulated by several reputable authorities: ASIC, FCA, BaFIN, and others. Over three months of trading with 1:400 leverage, I managed to grow my deposit by $750 using scalping on currency pairs and indices. Order execution is nearly instant — averaging 30 ms, and the difference is noticeable compared to other brokers. I withdraw profits to my card without delays and with no fees.
-
Comment
Pepperstone offers a combination of transparent trading conditions, fast order execution, and a wide range of instruments. Over the years, the broker has proven to be a reliable partner: its registration with ASIC, FCA, CySEC, and other regulators reflects the trust placed in the company. A $0 minimum deposit makes it accessible for beginners. A nice bonus is support for over 30 languages and 24/5 customer service. Thanks to its variety of account types, negative balance protection, and passive income opportunities through copy trading, Pepperstone has become my go-to choice for long-term trading.
Top 5 Reviews on Admiral Markets
-
Comment
Admirals offers a decent risk management system. For most assets, spreads range from 0.1 to 0.4, and execution is Market Execution. Trading is available via WebTrader and mobile app. Support responds within 24 hours. The only downside is a withdrawal fee, but it is fixed with no hidden charges.
-
Comment
You can open an Invest account with as little as $1, but it's not suitable for active trading. For CFD trading, the broker offers access through the MetaTrader platform — with over 5,000 instruments, including bonds and stock indices. The stop-out level is 50% for retail clients. Even during high market volatility, the platform remained stable, and orders were executed without delays.
-
Comment
I was interested in the social trading feature—Admiral Markets offers its own Copy Trading system where you can replicate trades from other traders. The subscription fee is charged only when you make a profit. The MQL5 Community program is also available via MT4/MT5. I tested both— the interface is user-friendly, and the performance stats are displayed accurately.
-
Comment
Leverage conditions vary depending on the regulator — under the FCA, the maximum is 1:30, while with ASIC or CySEC, it can go up to 1:500 if you qualify as a professional trader. This is something to keep in mind when choosing a jurisdiction. Spreads start from 0.2 pips on major pairs, and order execution is stable. On the plus side, the broker is licensed by the FCA, CySEC, ASIC, and JCS. Verification was quick — my documents were reviewed within two days.
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.