Compare eToro vs Pepperstone

Compare eToro vs Pepperstone

eToro vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
$200MT4, MT5, cTrader150+FCA, ASIC

eToro and Pepperstone Comparison

eToro offers 1000+ 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 is an ECN broker offering MT4, its successor MT5 and cTrader, with 150+ markets to trade (a competitive number for an ECN broker). Traders who want to trade with automated trading strategies executed by online trading robots, can do so at Pepperstone.

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

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.

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 also supports tools which allow and social trading on its platforms and allows the trader to connect with social and copy trading platform, such as ZuluTrade.

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 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, Stocks, Soft Commodities, Bonds and ETFs, with 1000+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 150+ 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 can provide Forex spreads from 3 (typical) without a commission charge. Pepperstone can offer Forex spreads from 1 (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 and cTrader.

Why eToro or Pepperstone ?

eToro offers social and copy trading on a user friendly web trader and apps. Pepperstone is an ECN broker, providing MT4, MT5 and cTrader. Pepperstone also support social and copy trading, via a range of platforms and services. However Pepperstone additionally offers support for trading automation with robots, which are computer programs trading on behalf of the trader. eToro has more markets to trade than Pepperstone and at FCA and CySEC regulated eToro provides real Stocks and Cryptocurrencies to own. Thus social and copy traders can use either broker, but may prefer eToro's focus on this type of trading via a user friendly platform. Automated traders would need to consider Pepperstone, as it supports this kind of trading and offers high speed order execution and a range of platforms.

Comparison summary

  • Both brokers provide CFD trading
  • At FCA and CySEC regulated eToro, real Stocks and Cryptos (not CFDs) are offered to buy
  • Pepperstone provides MT4, MT5 and cTrader
  • eToro has a user friendly web platform
  • Pepperstone supports trading with robots (automated trading strategies)
  • Pepperstone is an ECN broker
  • eToro has social and copy trading on its platform
  • Pepperstone supports social and copy trading as well

Search this site

Translate