eToro vs Pepperstone

If you are reading this article, you’re likely having trouble deciding whether eToro or Pepperstone is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this eToro vs Pepperstone review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs Pepperstone - Verdict

Feature	eToro (visit site)	Pepperstone (visit site)
Headquarter:	Cyprus	Australia
Regulation :	CySEC, FCA, ASIC	FCA, ASIC, DFSA
Type of Broker:	Market Maker	ECN/STP
U.S. Clients Allowed:
Minimum Deposit:	$50	$1
Maximum Leverage:	1:30	1:500
Commissions / Spreads:	Spreads	Standard Account is Spread Only
Account 1:	CFD	Standard
Account 2:	Professional	Razor
Account 3:		Edge Active
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/5	24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what eToro offers*74.00% of retail CFD accounts lose money	See what Pepperstone offers.

Features and Platforms

eToro is home to one of the largest social trading communities with over 13,000,000. It comes against a drawback of a more expensive trading environment and a below-average trading platform for clients seeking to trade and not copy others. Cryptocurrency traders will benefit from the visible extension into this sector by eToro via a duo of acquisitions and another duo of in-house developed solutions. Pepperstone offers traders superior technology and remains an excellent choice for automated trading solutions. The competitive cost structure increases the trader-friendly trading environment, enhanced by smart trading tools, propelling Pepperstone into one of the best online brokers.

Available Markets

Forex traders at eToro have only 49 currency pairs, which does not deliver adequate market coverage. It does offer 93 cryptocurrency pairs, making it a leader among multi-asset CFD brokers. Pepperstone maintains 61 currency pairs and nice cryptocurrency pairs, including three baskets, relying on quality versus quantity. Commodity traders have an excellent choice at both brokers, with 31 at eToro and 23 at Pepperstone. eToro delivers over 2,000 equity CFDs and more than 150 ETFs versus less than 70 and 0 at Pepperstone. eToro maintains a superior overall asset selection, but Pepperstone offers a quality mix from a more competitive trading environment.

Typical Spreads and Fees

eToro provides its social traders with an above-average cost structure, not suitable for demanding or active traders. While Forex traders can trade commission-free, the minimum spread is 1.0 pips. Pepperstone offers its traders the same but delivers an excellent pricing environment in its commission-based Razor account, where raw spreads of 0.0 pips meet a commission of $7.00 per round lot. eToro CFD traders pay a 0.09% commission versus a minimum of $0.02 per share at Pepperstone, where the Active Trader Program reduces costs further. Swap rates on leveraged overnight positions and third-party payment processor costs apply at both brokers.