Pepperstone vs eToro - Fees Review included
Which broker is better Pepperstone or eToro? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 8.42 out of 10. eToro is one of the top brokers in the financial market with the TU Overall Score of 7.75 out of 10. Find out more about TU Overall Score.
Feature | Pepperstone | eToro |
---|---|---|
Overall |
4.4 |
4.8 |
4.7 |
5.0 |
|
4.7 |
4.7 |
|
4.4 |
4.9 |
|
Investment Instruments |
4.4 |
5.0 |
Platforms and Charting Tools |
4.8 |
4.1 |
Deposit and Withdrawal |
4.5 |
4.5 |
Research |
3.9 |
5 |
Education |
4.1 |
4.3 |
Support |
4.3 |
4.2 |
Bonuses |
3.2 |
1 |
|
|
Pepperstone vs eToro: Pros and Cons
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 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 | eToro | |
---|---|---|
Overall Pros | Fast order execution - 30 ms on average | Mobile app for trading from smartphones |
Low trading fees | Highly licensed and regulated broker | |
Strong luqidity | eToro charges a fixed withdrawal fee of $5 USD | |
Advanced ECN account | The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | |
Access to TradingView's advanced charting tools | The funds of eToro clients are held at the licensed US banks | |
Strong regulation | ||
Overall Cons | The company offer Crypto CFDs outside Africa and UK | Customer support can be only contacted by tickets |
Pepperstone vs eToro: Safety and Regulation
Regulated By: | Pepperstone | eToro |
---|---|---|
US Regulation |
No |
Yes (eToro US) |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
Seychelles FSA |
Pepperstone vs eToro: Trading Conditions
Trading Conditions | Pepperstone | eToro |
---|---|---|
Minimum Deposit |
$0 |
$50 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
eToro |
Max Leverage (Futures) |
1-500 |
1:30 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, Stocks, Indices, Commodities, Crypto |
Trading assets |
1200+ |
1000+ |
Trading Accounts |
Razor, Standard |
Standard, Demo |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD |
Pepperstone vs eToro: Fees
Forex Trading Fees
Fee | Pepperstone | eToro |
---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.17 pips |
Not supported |
CFD Trading Fees
Fee | Pepperstone | eToro |
---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
Floating spread |
Non-Trading Fees
Fee | Pepperstone | eToro |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
$5 |
Inactivity Fee |
No |
$10 per month after 12 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs eToro: Trading Assets
Asset Name | Pepperstone | eToro |
---|---|---|
Overall |
1200+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
No |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Pepperstone or eToro: Investment Programs
Asset Name | Pepperstone | eToro |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: eToro or Pepperstone
Pepperstone | eToro | |
---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
No |
eToro |
Others |
TradingView |
No |
|
|
Pepperstone vs eToro: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Pepperstone | eToro |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
No |
Crypto |
No |
No |
Pepperstone vs eToro: Research
Research Type | Pepperstone | eToro |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Pepperstone vs eToro: Education
Education Type | Pepperstone | eToro |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
eToro vs Pepperstone: Support
Support Features | Pepperstone | eToro |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs eToro: Forex Bonuses and Promo
Promo | Pepperstone | eToro |
---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
$100-250 per trader |
Other Promos |
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. |
No |
|
|
Top 5 Reviews on eToro
-
Comment
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
-
Comment
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
-
Comment
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
-
Comment
I wouldn't consider eToro a top-tier broker. It's a rather mediocre platform that can experience glitches. However, it offers a wide range of assets, including cryptocurrencies, which is a plus. There's also the opportunity not only to earn income through investments but also to engage in trading oneself. Overall, eToro may be an acceptable option for some traders.
-
Comment
I could not decide which broker to work with for a long time. I chose eToro and everything seems to be fine. Maybe the amounts were small, but there were no problems with orders and withdrawal of funds. So far I am staying here.
Top 5 Reviews on Pepperstone
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
-
Comment
Started trading with Pepperstone five years ago. The broker has more advantages than disadvantages. The main drawback for me is that you can only withdraw to the bank card the amount you transferred initially. For larger sums, bank transfers are the most optimal solution. If the capital is below $1000, it can be problematic. However, over the trading period, I've adapted to Pepperstone's conditions, and everything suits me.
-
Comment
In my opinion, this broker, Pepperstone, is ideal for novice traders, like myself at the moment. Currently, I am practicing alternating trading on a demo account and a real account. I can note that everything is quite simple and convenient for me so far. In particular, the platform works well, and I haven't noticed any glitches. At the moment, I am trading major currency pairs such as EUR/USD and GBP/USD. I am quite satisfied with Pepperstone as a broker.
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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. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"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.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!