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eToro vs. Pepperstone

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eToro and Pepperstone are top online brokers with outstanding trading experiences. Both offer reliable social trading tools to traders of all levels of experience. eToro is a secure social trading broker with a transparent fee structure. It has licenses from the ASIC and FCA. eToro offers a premium platform and world-class social trading tools. We recommend it for advanced traders, as it provides limited educational tools. 

Broker NameeToroPepperstone
Year Founded20072010
RegulationFCA, ASIC, CySECASIC, FCA, DFSA
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured ProductsIndices, Shares Forex, Commodities, cryptocurrencies, CFDs
Min Deposit$200AUD $200
Min Trade$0AUD $1
PlatformsWeb, Social TradingiOS, Android, Windows and MacOS
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Pepperstone is a trustworthy CFD and forex broker. It has licenses from the FCA, ASIC, and DFSA. It is a leading provider of educational materials and features. Pepperstone is a good fit for traders at all levels, from casual to professional. 

Both online brokers have advantages and disadvantages. This article discusses the differences between eToro and Pepperstone. 

Top findings from the eToro vs. Pepperstone review:  

  1. eToro is the leading social trading broker with excellent tools and funding options. 
  1. Pepperstone is the leading provider of educational materials on trading. 
  1. Both brokers offer social trading tools and a virtual trading account. 

eToro is a premium social trading broker with professional research tools. It is a good choice for advanced traders, as novice traders struggle to understand the platforms. We recommend Pepperstone to traders of all levels of experience because of its reliable learning center. 

Overall Rating

FeatureeToroPepperstone
Overall44
Commissions & Fees44
Offering of Investments4.53.5
Platforms & Tools44
Mobile Trading44
Research44
Education44
Trust Score9392
WinnerYES
67% of retail CFD accounts lose moneyBetween 74-89% of retail CFD accounts lose money

Level of experience  

New traders prefer Pepperstone over eToro. Pepperstone is a leading provider of educational features and materials, including trading guides. It offers straightforward platforms that are simple to learn and use. Pepperstone is a top choice for beginner traders who want access to reliable trading information. 

eToro is the leading social trading broker with professional research tools, including market commentary and social sentiment. It offers limited educational tools, which is why it’s a better fit for advanced traders. 

Fees  

Both online brokers have a minimum initial deposit fee of $200. The average EUR/USD spread at eToro is 1, while at Pepperstone is 0.75. 

Assets  

Pepperstone has 61 forex currency pairs, while eToro offers 47 pairs. eToro offers access to 2314 CFDs, while Pepperstone has 127 available CFDs. 

Trading platform  

eToro provides a top-tier social trading experience with dedicated research tools. It has a virtual trading account and a well-designed mobile app. eToro is an excellent choice for professional traders as it offers limited market data. 

Pepperstone offers an impressive range of web and desktop platforms, including the MetaTrader suite. These come with some of the best learning tools in the industry, including cTrader. Pepperstone is a top choice for new traders. 

Banking services  

Banking services are helpful to traders of all levels of experience. Both brokers have a comprehensive offer with bank transfers, credit/debit, Skrill, and PayPal.

Final verdict  

eToro and Pepperstone are top online brokers. Both have strengths and weaknesses, depending on your trading experience. We recommend eToro to experienced traders who want to use professional tools. Pepperstone is a better choice for beginners as it offers outstanding research and learning tools. 

eToro compared to other brokers:

eToro review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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