Broker to Trading

eToro offers 2000+ market to trade on a user friendly online trading platform which has tools for social and copy trading. Pepperstone also supports social and copy trading, but offers MT4, its successor MT5, cTrader and TradingView, with 1000+ markets to trade in total. Traders who want to trade with automated trading strategies executed by online trading robots (on all these platforms), can do so at Pepperstone.

eToro offer real Stocks, Cryptos and ETFs to buy to own, as well as CFDs. Additionally it has a staking service (to earn rewards from Cryptos, T&Cs apply) and its eToro Money crypto wallet (where Cryptos can be exchanged). eToro also offers real Stocks to buy with 0% commission.

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia and the FSAS in the Seychelles. Pepperstone is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia, the BaFin in Germany, the CMA in Kenya, the SCB in the Bahamas and the DFSA in Dubai.

Quick comparison

Pepperstone offers MT4, MT5, cTrader and TradingView while eToro is a social and copy trading broker with a web trader and apps.

Social and copy trading

While eToro is known as a social and copy trading broker Pepperstone also provides support for these services. eToro integrates social and copy trading into its platform. Pepperstone supports tools which allow and social trading on its platforms and allows the trader to connect with social and copy trading platforms.

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 Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. 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 offers social and copy trading via DupliTrade, Myfxbook and MetaTrader Signals.

Markets

• eToro offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, Bonds and ETFs, with 2000+ available.
• Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 1000+ available.

Cryptocurrencies

• eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Cardano, Chainlink, Dogecoin, Binance Coin, EOS, Polkadot, Stellar, Uniswap, Tezos, Solana, Polygon, Avalanche, Terra, Shiba, Cronos, TRON, Cosmos, ApeCoin, Algorand, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Axie Infinity, AAVE, Zcash, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
• Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Cardano, Chainlink, Dogecoin, Binance Coin, EOS, Polkadot, Stellar, Uniswap, Tezos, Solana, Polygon, Avalanche and Terra CFDs.

Spreads and leverage

eToro can provide Forex spreads from 1 (variable) without a commission charge. Pepperstone can offer Forex spreads from 0.6 (variable) without a commission charge and 0 with a commission charge.

Maximum leverage for eToro (FCA or CySEC regulated) 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.

Online trading platforms

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

Why eToro or Pepperstone ?

Trader who want to social and copy trade can try either broker, though eToro offers a user friendly platform with social and copy trading. Traders who want to use automated trading strategies can try Pepperstone as it allows EAs, cBots and Pine Script, with rapid order execution. Traders who want to buy real Stocks, ETFs and Cryptos can find these at eToro.

Comparison summary

• Both brokers provide CFD trading
• In the UK, Pepperstone additionally provides spread betting
• Pepperstone provides MT4, MT5, cTrader and TradingView
• eToro has a user friendly web platform
• eToro has social and copy trading on its platform
• Pepperstone supports social and copy trading as well
• At eToro, real Stocks, ETFs and Cryptos are offered to buy
• Pepperstone supports trading with robots (automated trading strategies)