Pepperstone vs eToro - Fees Review included

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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

Regulation

4.7

5.0

Fees

4.7

4.7

Trading Assets

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 review

eToro review

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Your capital is at risk.
Please note that your capital is at risk.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

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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

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Trading Platforms: eToro or Pepperstone

Pepperstone eToro

MT4

Yes

No

MT5

Yes

No

cTrader

Yes

No

Appropriate platform

No

eToro

Others

TradingView

No

Pepperstone review

eToro review

Open an account

Your capital is at risk.
Please note that your capital is at risk.

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

E-mail

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

Pepperstone review

eToro review

Open an account

Your capital is at risk.
Please note that your capital is at risk.

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Top 5 Reviews on eToro

  • eToro

    codrinmm@gmail.com

    28.03.2024

    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.

  • eToro

    sheedn14

    18.03.2024

    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.

  • eToro

    Albert

    11.03.2024

    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.

  • eToro

    laolieu

    20.02.2024

    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.

  • eToro

    hisharif

    05.02.2024

    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.

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Top 5 Reviews on Pepperstone

  • Pepperstone

    kendypeter80@gmail.com

    25.03.2024

    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.

  • Pepperstone

    adeel-uddin

    25.02.2024

    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.

  • Pepperstone

    sunethdesoyza

    06.02.2024

    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.

  • Pepperstone

    prashan666

    05.02.2024

    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.

  • Pepperstone

    sizam51

    24.01.2024

    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.

Learn more

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
Author at Traders Union

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!