Written by ForexBrokers.com
In this head to head comparison of eToro vs Pepperstone, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro vs Pepperstone on regulation and trust: eToro launched in 2007 and is publicly traded, while Pepperstone began in 2010 and is privately held. Neither is a bank. According to ForexBrokers.com, eToro holds a 96/99 Trust Score and Pepperstone scores 95/99; scores from 90–99 indicate a highly trusted broker.
In terms of licenses, eToro has four Tier-1 licenses and one Tier-2 license, while Pepperstone has three Tier-1 and two Tier-2 licenses. Tier-1 regulators are the strictest, and Tier-2 regulators are also considered trusted. Bottom line: both brokers are highly trusted, with eToro edging ahead on Trust Score and number of top-tier licenses, and Pepperstone offering comparable oversight with wider mid-tier coverage.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, eToro and Pepperstone both earn 4.5 out of 5 stars, but rank differently: eToro sits at #23 of 63 brokers for Commissions and Fees, while Pepperstone ranks higher at #11 of 63. The key difference is pricing style. eToro is a market-maker and lists a typical variable spread of 1.0 pip on EUR/USD—slightly above the industry average—so its appeal tends to be platform features (like social copy trading) rather than ultra-low spreads. Pepperstone uses agency execution and is most competitive on its Razor account, where an average 0.10-pip spread plus a commission-equivalent of 0.70 pips brings the all-in EUR/USD cost to about 0.80 pips, which is close to the industry average.
eToro does not lean on tight spreads to win on price, but its eToro Club (VIP program) can lower some non-trading costs and add services. With five tiers from Silver to Diamond for balances of $5,000–$250,000, perks can include access to Trading Central, discounted deposit and withdrawal fees, and a dedicated account manager.
Pepperstone’s pricing varies by account. The Razor account is commission-based and available on TradingView, MT4/MT5, and cTrader; its all-in 0.80-pip EUR/USD cost undercuts Pepperstone’s Standard account, which is commission-free but averages 1.1 pips (as of July 2024). High-volume traders may trim costs further via Pepperstone’s Active Trader program: in the UK/EU, Professional clients trading at least £20 million per month can get a 15% per-lot rebate (up to 25% beyond £200 million), while in Australia, Professional clients starting from 100 lots over three months qualify for Tier One (10% discount per lot) and can reach a 30% spread reduction at more than 3001 lots per month.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.00 |
| All-in Cost EUR/USD - Active | N/A | 0.70 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing eToro vs Pepperstone on range of investments, eToro lists 7,441 tradeable symbols while Pepperstone offers 1,726. Pepperstone edges eToro on forex pairs (65 vs 55), and both support forex trading as CFDs or spot. In independent reviews, eToro earns 5 stars and ranks #11 out of 63 for Range of Investments, while Pepperstone earns 4 stars and ranks #27.
Both platforms support copy trading. eToro lets you buy exchange-traded stocks on U.S. and international exchanges, while Pepperstone does not offer real share dealing. For crypto, eToro provides both delivered cryptocurrency and crypto CFDs; Pepperstone offers crypto CFDs only. In short, eToro suits those seeking the widest selection and access to real stocks and crypto, while Pepperstone appeals to traders focused on forex and CFD markets.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1726 |
| Forex Pairs (Total) | 55 | 65 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
eToro vs Pepperstone for trading platforms and tools: Both brokers provide a free demo (paper trading) account and offer their own in-house platforms. Each has a web-based platform, supports copy trading, and lets you place trades directly from charts. Desktop access differs: Pepperstone offers a Windows download platform, while eToro does not.
Third-party platforms are another key divider. Pepperstone supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while eToro does not integrate MT4 or MT5. In testing by ForexBrokers.com, eToro scored 4.5/5 and ranked #8 out of 63 for Trading Platforms and Tools; Pepperstone scored 4/5 and ranked #22. Choose Pepperstone if you want MT4/MT5 and a Windows app, or pick eToro if you prefer a web-first experience with standout copy trading.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the eToro mobile app vs the Pepperstone mobile app is straightforward: both offer iPhone and Android apps, price alerts for stocks or forex, and watchlist syncing so changes carry across devices. If you want a familiar, cross-device trading workflow with timely notifications, either platform checks those boxes.
The bigger differences are in charting. eToro’s app includes 104 technical studies, giving you a wide range of indicators, but it does not let you draw trendlines and it won’t auto-save drawings. Pepperstone’s app offers 30 technical studies, yet it supports drawing trendlines and auto-saves your chart annotations. In our ratings, eToro scores 4.5 out of 5 stars and ranks #10 out of 63 brokers for Mobile Trading Apps, while Pepperstone earns 4 out of 5 stars and ranks #21. Choose eToro if you value a large set of indicators; pick Pepperstone if drawing tools and saved annotations matter more to your mobile trading.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
eToro vs Pepperstone for market research: both brokers deliver daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, sentiment tools that show the long/short split across instruments, and an economic calendar covering global events. The main differences are in their toolsets: eToro includes Trading Central analytics and TipRanks equity research, while Pepperstone integrates Autochartist for automated chart‑pattern and key level ideas. Neither currently offers Acuity Trading tools.
Ratings are neck and neck at 4.5 stars for Research. ForexBrokers.com ranks Pepperstone #12 and eToro #13 out of 63 brokers in this category. Choose eToro if you want Trading Central plus TipRanks alongside daily news; pick Pepperstone if Autochartist’s pattern scanning is a priority. Either way, you get strong daily insights and premium news coverage.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners exploring forex and CFD trading, eToro and Pepperstone both make learning straightforward. Each broker offers forex and CFD education with at least 10 beginner-focused videos, plus 10 or more advanced videos for when you’re ready to go deeper. Both also run online educational webinars at least once a month, giving new traders regular chances to learn live and ask questions.
In independent testing, eToro education and Pepperstone education both earn 4.5 out of 5 stars for Education. However, ForexBrokers.com ranks eToro higher in the Education category (#5 of 63) than Pepperstone (#17 of 63). If ranking matters to you, eToro edges ahead, but beginners will find plenty of helpful videos and recurring webinars with either broker.
| Feature |
eToro
|
Pepperstone
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Pepperstone. eToro finished with an overall rank of #9, while Pepperstone finished with an overall rank of #16.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Pepperstone
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| Trust Score | 96 | 95 |
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In the eToro vs Pepperstone comparison, online broker eToro allows buying actual (delivered) cryptocurrency (not a CFD), while both platforms also offer cryptocurrency CFD trading.
eToro vs Pepperstone: both brokers support ACH/SEPA, PayPal, and bank wire deposits and withdrawals, eToro additionally supports Skrill while Pepperstone does not, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Pepperstone | |
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| Trust Score | 96 | 95 | |
| Winner | check_circle | ||
| Review | eToro Review | Pepperstone Review |
| Broker Screenshots | eToro | Pepperstone | |
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| Regulation | eToro | Pepperstone | |
|---|---|---|---|
| Trust Score | 96 | 95 | |
| Year Founded | 2007 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | Pepperstone | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | Pepperstone | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | Pepperstone | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 1726 | |
| Forex Pairs (Total) | 55 | 65 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Pepperstone | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.00 | |
| All-in Cost EUR/USD - Active | N/A | 0.70 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | Pepperstone | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | eToro | Pepperstone | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | eToro | Pepperstone | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Pepperstone | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Pepperstone | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Pepperstone | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | Pepperstone | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | Pepperstone Review |
| Overall | eToro | Pepperstone | |
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| Trust Score | 96 | 95 | |
| Winner | check_circle | ||
| Review | eToro Review | Pepperstone Review |
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