Compare eToro vs Pepperstone

Compare eToro vs Pepeprstone

eToro vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
$200MT4, MT5, cTrader95+FCA, ASIC

eToro and Pepperstone Comparison

Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia, like eToro. eToro is additionally regulated by the CySEC in Cyprus. These brokers can be seen differing in terms of the kind of trading styles they support. Broadly speaking, each offer support via platforms and technologies for discretionary and automated trading. However Pepperstone provides technologies for ECN trading, offering low Forex spreads plus a commission charge. eToro offers fixed Forex spread, without a commission charge (thus they are typically higher).

eToro also provides support for automated trading with copy trading, which is not trading at least directly with robots, but by copying the traders of other traders in the network. Like Pepperstone, there is not cost per se for accessing automated trading services, apart from the usual costs, though there is a cost associated with having a VPS on Pepperstone, where the robots can trade 24/7, even when the trader is offline (except on its Active Traders program). Pepperstone also supports social and copy trading, via a ZuluTrade account.

eToro's social trading and thematic investing is on its platform, while Pepperstone offers MT4 and ECN trading friendly cTrader and MT5.

Quick comparison

Pepperstone is an ECN broker offering MT4, MT5 and cTrader while eToro is a social and copy trading broker with a web trader and apps.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for Pepperstone is $200 or £200 or AU$200.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 50ms. The minimum trade size is 0.01 lots.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • eToro offers Forex, Indices, Energy, Cryptocurrencies, Metals, Bonds, Stocks and ETFs, with 1000+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals and Soft Commodities, with 95+ available.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2) plus a commission charge, from 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 (with an average of 1.2) without a commission charge.

Maximum leverage for eToro is . Maximum leverage for Pepperstone (FCA regulated) is .

Commission charge

  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Platforms

eToro offers a web trader and apps on tablet and mobile. Pepperstone offers MT4, MT5 and cTrader.

Why eToro or Pepperstone ?

eToro offers social and copy trading on a web trader and apps. Pepperstone is an ECN broker, providing MT4, MT5 and cTrader.

Comparison summary

  • Pepperstone is an ECN broker
  • It can provide fast order execution with no dealing desk intervention
  • Pepperstone supports automated trading with robots, on MT4, MT5 and cTrader
  • eToro provides fixed spread trading without a commission charge on a social trading platform
  • It supports trading automation with copy trading
  • eToro also provides social trading tools and thematic investing
  • Pepperstone supports social and copy trading via MT4 and ZuluTrade
  • Both are FCA regulated

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