Page Summary
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.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Pepperstone
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | 0 |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 0.6 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 5 pip | 1.3 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $50 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex | 49 | 63 |
| CFD Indices & Funds | 250 | 123 |
| CFD Stocks | 2800 | 600 |
| CFD Commodities | 54 | 31 |
| CFD Crypto | 32 | 23 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Pepperstone is a trustworthy CFD and forex broker. It has licenses from the ASIC, FCA, DFSA, CySEC, CMA, SCB and BaFIN. 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:
- eToro is the leading social trading broker with excellent tools and funding options.
- Pepperstone is the leading provider of educational materials on trading.
- 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.
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 0.77.
Assets
Pepperstone has 61 forex currency pairs, while eToro offers 47 pairs. eToro offers access to 2314 CFDs, while Pepperstone has 1200+ 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, cTrader and TradingView. 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 and credit/debit.
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:
Disclaimer:
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. 77% 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.
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.