Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of eToro's Cyprus entity and Pepperstone's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of eToro's Cyprus entity and Pepperstone's Cyprus entity.
eToro
61% of retail CFD accounts lose money. Below content does not apply to US users.
Pepperstone
74-89% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders eToro and Pepperstone are best suited to, based on what each one actually offers in .eToro is better than Pepperstone for long-term investors, while Pepperstone is better for scalpers. Professional traders, high-volume traders and swing traders can choose either eToro or Pepperstone.
| Overall score | eToro 83 -2 85 | Pepperstone 85 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Pepperstone.eToro and Pepperstone are both regulated by top-tier authorities, eToro by CySEC, ASIC (Australia) and the SEC (United States) and Pepperstone by BaFin, CySEC and ASIC (Australia).
| Section score | eToro 100 100 | Pepperstone 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | CySEC (Cyprus) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Pepperstone have in place to protect your money in .Both eToro and Pepperstone offer segregated client funds and an investor compensation scheme. eToro also offers additional money insurance.
| Section score | eToro 94 Best 94 | Pepperstone 78 -16 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2010 |
| Parent company i | eToro Group Ltd. | Pepperstone Group Limited |
| CEO i | Yoni Assia | Tamas Szabo |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | J.P. Morgan, Deutsche Bank, Coutts | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 900,000 |
| Annual revenue i | USD 1,340,000,000 | USD 13,000,000 |
| Monthly website search traffic i | 13.2M monthly visits | 1.3M monthly visits |
Costs
What we compare A comparison of what it costs to trade with eToro and with Pepperstone in , both on each trade and on holding the account.Pepperstone is better than eToro for CFD/FX costs, given that Pepperstone is cheaper on EUR/USD, at 9.5 USD per lot (against eToro's 11.6 USD), has tighter S&P 500 CFD spreads, at 0.47 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.5 points (against eToro's 0.88 points). Neither eToro nor Pepperstone charges inactivity fees or account maintenance fees.
Pepperstone does not offer real stocks, being a CFD broker, so eToro and Pepperstone cannot be compared for real stock costs.
| Section score | eToro 52 -20 79 | Pepperstone 72 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 7 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 11.6 | USD 9.5 |
| S&P 500 fees (CFD) i | 1.08 points | 0.47 points |
| Gold fees (CFD) i | 0.88 points | 0.5 points |
| Bitcoin fees (CFD) i | USD 1,585.8 | |
| US stocks fees (CFD) i | USD 0.02 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | USD 2 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Pepperstone in , and of how many instruments each one gives access to.eToro is better than Pepperstone for CFD/FX markets, as eToro gives access to 5,461 tradable symbols (against Pepperstone's 1,444), and lets you own crypto, ETFs and stocks outright, which Pepperstone does not. Both eToro and Pepperstone offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
eToro and Pepperstone cannot be set side by side for real stock markets, as Pepperstone is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 85 Best 55 | Pepperstone 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 5,461 | 1,444 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Pepperstone make available to their clients in .Pepperstone is better than eToro for platforms, as Pepperstone offers cTrader, MetaTrader 5 and MetaTrader 4, which eToro does not. Both eToro and Pepperstone offer a proprietary platform and social trading.
There is no like-for-like comparison for platforms, as Pepperstone is a CFD broker and does not offer real stocks.
| Section score | eToro 84 -13 84 | Pepperstone 97 Best not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Pepperstone in , and of what each one lets you do from your phone.Pepperstone is better than eToro for mobile trading, since Pepperstone offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which eToro does not. eToro and Pepperstone both offer a proprietary mobile app and a social trading app.
There is no like-for-like comparison for mobile trading, as Pepperstone is a CFD broker and does not offer real stocks.
| Section score | eToro 87 -11 87 | Pepperstone 98 Best not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Pepperstone allow on their platforms in .Pepperstone is better than eToro for CFD/FX trading features, given that Pepperstone offers tier-1 liquidity providers and VPS hosting, which eToro does not, and allows for scalping. eToro and Pepperstone both offer negative balance protection and trailing stops.
eToro and Pepperstone cannot be set side by side for real stock trading features, as Pepperstone is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 68 -25 85 | Pepperstone 93 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 30 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 400:1 (other accepted countries), 30:1 (the UK, Australia). | 30:1About this value. This is the major fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 30:1 (the EU, Australia, the UK). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 50:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the minor/exotic fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the major indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Minor indices leverage i | 10:1 | 10:1About this value. This is the minor indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 100:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK). |
| Gold leverage i | 20:1About this value. This is the gold leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the gold leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 10:1 (the UK, Australia). | 10:1About this value. This is the commodities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 50:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK). |
| Equities leverage i | 5:1About this value. This is the equities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 10:1 (other accepted countries), 5:1 (the UK, Australia). | 5:1About this value. This is the equities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 5:1 (the EU, Australia, the UK). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 5:1 (other accepted countries), 2:1 (Australia). | 2:1About this value. This is the cryptocurrency leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 2:1 (the EU, Australia). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 10 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Pepperstone in , and of who each one is meant for.Pepperstone is better than eToro for CFD/FX account types, because Pepperstone offers an ECN account, an Islamic account and a swap-free account, which eToro does not. Both eToro and Pepperstone offer a demo account and a professional traders account.
Only eToro can be assessed for real stock account types, since Pepperstone is a CFD broker and does not offer real stocks.
| Section score | eToro 48 -19 74 | Pepperstone 67 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Pepperstone in .Pepperstone is better than eToro for account opening, as Pepperstone requires a lower minimum deposit, at 10 USD (against eToro's 50 USD), offers 4 account base currencies (against eToro's 3), and has no minimum withdrawal (against eToro's 30 USD). Both eToro and Pepperstone offer credit cards and debit cards.
Pepperstone does not offer real stocks, being a CFD broker, so eToro and Pepperstone cannot be compared for account opening.
| Section score | eToro 64 -6 64 | Pepperstone 70 Best not offered |
|---|---|---|
| Minimum deposit i | USD 50About this value. This is the minimum deposit at eToro (Europe) Ltd (CySEC). At eToro's other companies: USD 100 (other accepted countries), USD 50 (the UK, Australia, the US). | USD 10 |
| Minimum withdrawal i | USD 30 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPalAbout this value. This is the ewallets at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries and Australia. | PayPalAbout this value. This is the ewallets at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, Australia and other accepted countries. |
| Local payment methods i | ||
| Account base currencies i | USD, EUR, DKKAbout this value. This is the account base currencies at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries, the US, the UK and Australia. | GBP, USD, EUR, CHFAbout this value. This is the account base currencies at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, the EU, other accepted countries and Australia. |
| Deposit waiting time i | up to 5 business days | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Pepperstone in , in how it can be reached and how fast it answers.Pepperstone is better than eToro for customer care, given that Pepperstone offers customer support in 10 languages (against eToro's 7), has a website in 9 languages (against eToro's 7), and offers phone support, which eToro does not. Both eToro and Pepperstone offer a dedicated account manager and priority support.
Pepperstone does not offer real stocks, being a CFD broker, so eToro and Pepperstone cannot be compared for customer care.
| Section score | eToro 69 -4 69 | Pepperstone 73 Best not offered |
|---|---|---|
| Number of languages supported i | 7 | 10 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Italian, Romanian, Spanish | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Pepperstone provide to their clients in .eToro is better than Pepperstone for learning, as eToro offers professional reports, which Pepperstone does not. eToro and Pepperstone both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as Pepperstone is a CFD broker and does not offer real stocks.
| Section score | eToro 100 Best 100 | Pepperstone 88 -12 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Pepperstone: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker for copy and social trading, with a wide choice of markets.
Stocks Choose eToro if you want an online broker for stocks with a wide choice of markets.
Open Account 61% of retail CFD accounts lose money. Below content does not apply to US users.
Pepperstone
CFD/FX Choose Pepperstone if you want a CFD and forex broker for automated trading, with cTrader and fast execution.
Open Account 74-89% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Pepperstone, each scored with the same data and method as this page.
