Pepperstone vs eToro Broker Comparison

Are you trying to figure out which is a better broker, Pepperstone or eToro? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that eToro is the better of the two. eToro offers 2,200+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of Pepperstone and eToro side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked eToro higher than Pepperstone.

Rating
92.5/100
94.7/100
Min. Deposit
200$
1000$
Regulated By
FCAFCA
CySecCySec
ASICASIC
CIMACIMA
FCAFCA
CySecCySec
Bonus
No Information
No Information
Min. Spread
0.09
3
Max. Leverage
1:30
1:400
Currency Pairs
61
47
Trading Instruments
150+
2,200+
Trading Platforms
MT4, MT5, mobile
mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Type of Brokers
NDD
STP/NDD
Customer Support
24/5
24/5
Language Support
4
20
Established
2010, HQ in Melbourne
2007
Used By
100,000+ Traders
100,000+ Traders

Does Pepperstone or eToro have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Pepperstone and eToro are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 0.09 pips, whilst at eToro the spread is 3.

This shows that Pepperstone is the better option for low-cost forex trading.

When it comes to non-trading fees, Pepperstone charges for . eToro charges for account, deposit. With this in mind, Pepperstone has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Pepperstone is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or eToro?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Pepperstone is regulated by FCA, CySec, ASIC, CIMA, DFSA, SCB, BaFin and offers client protection. eToro is regulated by FCA, CySec and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that eToro is the safer broker.

Broker summary

How many trading instruments are available at Pepperstone and eToro?

Pepperstone provides traders with 150+ instruments. This includes 61 currency pairs, 5 cryptocurrencies, and 64 stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, eToro boasts 2,200+ tradable instruments. eToro offers 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. eToro also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Pepperstone or eToro?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Pepperstone provides you with the ability to trade via 3 trading platforms, and eToro has 2 trading platforms. Both brokers also offer research and trading tools, however Pepperstone has more.

Overall, our experts agree that Pepperstone boasts the better trading platform offering.

Research Tools

Which is better for beginners, Pepperstone or eToro?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that eToro is the better broker for beginner traders as it offers a larger range of educational tools and materials. eToro also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that eToro is the better broker in a range of key areas. You can learn more by reading our Pepperstone and eToro reviews.

Pepperstone vs eToro
Pepperstone
92.5
Points
eToro
94.7
Points
Overall
2 points
Pepperstone
94
Points
eToro
85
Points
Commissions & Fees
9 points
Pepperstone
91
Points
eToro
98
Points
Licensing & Safety
7 points
Pepperstone
98
Points
eToro
97
Points
Trading Platforms & Tools
1 points
Pepperstone
89
Points
eToro
95
Points
Payments
6 points
Pepperstone
88
Points
eToro
94
Points
Customer Service
6 points
Pepperstone
95
Points
eToro
99
Points
Educational
4 points
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