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eToro vs Pepperstone 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

eToro
4.5/5 Stars Overall
  • Minimum Deposit: $50-$10,000
  • Trust Score: 96
  • Tradeable Symbols (Total): 5461
Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 95
  • Tradeable Symbols (Total): 1726

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.

Regulation

eToro and Pepperstone are both respected names in the online brokerage industry, each with unique strengths. Founded in 2007, eToro has established itself as a highly trusted broker with a Trust Score of 96 from ForexBrokers.com, reflecting its reliability and transparency. As a publicly traded company, eToro holds three Tier-1 licenses and one Tier-2 license, affirming its compliance with stringent regulatory standards. However, it is important to note that eToro is not a bank.

Pepperstone, on the other hand, launched in 2010, has also garnered a high trust score of 95, underscoring its reputation similarly as a trusted broker. Unlike eToro, Pepperstone is not publicly traded, but it matches eToro with three Tier-1 licenses, while surpassing it with two Tier-2 licenses, reflecting its commitment to maintaining high regulatory compliance. Like eToro, Pepperstone is also not a bank, making both brokers non-bank entities with a strong regulatory framework in place.

Feature eToro logoeToro
Pepperstone logoPepperstone
Year Founded info 2007 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 3 3
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

When comparing eToro and Pepperstone for their commissions and fees, each broker caters to different trading needs. eToro, known for its social copy trading platform, employs a market-maker model with a typical variable spread of 1 pip on the EUR/USD. This spread is slightly higher than the industry average, making it less appealing for cost-sensitive retail traders. eToro's VIP Club, offering various membership tiers such as Silver to Diamond, provides traders with added benefits like discounted fees and personalized account management. This focus on social and VIP trading features contributes more to eToro's draw despite a relatively average star rating of 4.5 for commissions and fees, ranking it 22nd out of 63 brokers according to ForexBrokers.com.

Pepperstone, on the other hand, excels in offering competitive pricing, particularly through its Razor account for high-volume traders. The Razor account, which integrates with platforms like MetaTrader and cTrader, employs a commission-based pricing structure, resulting in an all-in cost of 0.80 pips for the EUR/USD, closer to the industry average. The Standard account features a higher spread of 1.1 pips, making it less attractive than the Razor account for cost-conscious traders. High-volume traders can also benefit from Pepperstone's Active Trader program, which provides rebates based on trading volume. With a star rating of 4.5 for commissions and fees, Pepperstone is ranked 10th out of 63 brokers, showcasing its appeal to frequent and professional traders.

Pepperstone offers additional incentives for active traders in various regions. In the UK and EU, professional clients who meet certain trading volumes can receive spread rebates of up to 25%, while in Australia, discounts reach up to 30% on standard lots for the most active traders. The diverse options and potential cost savings contribute to Pepperstone's higher ranking and appeal for traders who prioritize lower spreads and potential rebates over social trading features.

Feature eToro logoeToro
Pepperstone logoPepperstone
Minimum Deposit info $50-$10,000 $0
Average Spread EUR/USD - Standard info 1 info 1.00 info
All-in Cost EUR/USD - Active info N/A 0.70 info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to the variety of investments they offer, eToro and Pepperstone each have their own strengths. eToro stands out with a whopping 5,461 tradable symbols, including 55 forex pairs. It also allows users to buy exchange-traded securities on both U.S. and international markets. For those interested in cryptocurrency, eToro provides not only the option to buy actual cryptocurrencies but also a variety of cryptocurrency derivatives. This broad array of options has earned eToro a 5-star rating for its range of investments, ranking it 10th out of 63 brokers on ForexBrokers.com.

Pepperstone, on the other hand, provides 1,726 tradeable symbols, including a slightly higher number of forex pairs at 65. While it does not offer exchange-traded securities on U.S. or international markets like eToro, Pepperstone still allows for trading of cryptocurrency derivatives. Both platforms support copy trading, which is a valuable feature for those seeking to mirror the trades of successful investors. Despite having fewer options overall, Pepperstone garners a respectable 4-star rating in the range of investments category, placing it 26th out of 63 brokers according to ForexBrokers.com.

Feature eToro logoeToro
Pepperstone logoPepperstone
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 5461 1726
Forex Pairs (Total) info 55 65
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing the trading platforms and tools offered by eToro and Pepperstone, both brokers provide users with access to free virtual demo accounts, enabling traders to practice in a simulated environment. While both platforms have developed their own in-house trading platforms, Pepperstone also supports popular third-party platforms like MetaTrader 4 and MetaTrader 5, which are not available on eToro. Moreover, Pepperstone boasts a Windows-based desktop download option, offering traders flexibility in terms of the devices they use, compared to eToro's focus on web-based access.

Both eToro and Pepperstone facilitate copy trading; however, Pepperstone extends its offering with tools like DupliTrade. In terms of charting features, eToro surpasses Pepperstone by offering 161 drawing tools, while Pepperstone provides 30. Despite eToro's extensive charting tools, it lacks the ability to trade directly from a stock chart, a feature Pepperstone supports. For those focused on watch lists, eToro offers six fields, whereas Pepperstone provides seven. Ultimately, eToro edges ahead in platform ratings with a score of 4.5 stars and a higher ranking in the Trading Platforms and Tools category by ForexBrokers.com, placing 8th out of 63 brokers, while Pepperstone ranks 22nd with a rating of 4 stars.

Feature eToro logoeToro
Pepperstone logoPepperstone
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No Yes
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 104 15
Charting - Drawing Tools (Total) info 161 30
Charting - Trade From Chart info No Yes
Watchlists - Total Fields info 6 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both eToro and Pepperstone offer robust options for traders, available on both iPhone and Android devices. Both platforms provide essential features like stock or forex price alerts, and watchlist symbol syncing that ensures your watchlists are consistent between the mobile app and your online account. While eToro impresses with its extensive 104 technical studies for charting, Pepperstone falls behind with just 30. However, Pepperstone compensates for this by offering the ability to draw trendlines and auto-save drawings on charts, features that eToro does not provide. Both apps allow viewing in multiple time frames and support real-time quotes in watchlists, enhancing the experience for users looking for comprehensive trading on the go.

In terms of ratings and rankings, eToro edges out with a 4.5-star rating compared to Pepperstone's 4 stars. Additionally, in a review of 63 brokers by ForexBrokers.com, eToro is ranked #10 for mobile trading apps, whereas Pepperstone comes in at #21. This suggests that while both apps provide a well-rounded trading experience, eToro might offer a slight edge in terms of user satisfaction and features, potentially making it the more appealing choice for those prioritizing advanced charting options and higher overall user ratings.

Feature eToro logoeToro
Pepperstone logoPepperstone
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

eToro and Pepperstone both shine in providing daily market commentary and detailed economic calendars, ensuring traders stay informed about vital global events. However, when it comes to accessing forex news from top-tier sources like Bloomberg and Reuters, Pepperstone takes the lead, offering news from these esteemed outlets, while eToro does not. Both platforms deliver sentiment-based trading tools to help users assess long and short positions across various currency pairs. Yet, they diverge when it comes to technical analysis tools, with Pepperstone utilizing Autochartist, whereas eToro offers resources from Trading Central. Additionally, eToro partners with TipRanks for market research, a service not available with Pepperstone.

Both eToro and Pepperstone have received commendable research ratings of 4.5 stars, reflecting their proficiency in this crucial area. Their competitive edge is highlighted by their close rankings in the ForexBrokers.com research category, with Pepperstone slightly ahead at #12 compared to eToro's #13. Despite their small differences, traders can expect solid market research support from both of these leading online brokers.

Feature eToro logoeToro
Pepperstone logoPepperstone
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info Yes No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, both eToro and Pepperstone stand out as strong contenders in the online brokerage world. Each platform offers a wealth of materials aimed at helping newcomers understand forex and CFDs, featuring a variety of articles, videos, and archived webinars. Prospective traders can attend online webinars every month and access a multitude of beginner videos designed to ease the learning curve. Additionally, both eToro and Pepperstone provide advanced video content for those looking to deepen their trading knowledge, along with a comprehensive investor dictionary of over 50 terms.

Despite sharing a 4.5-star education rating, eToro and Pepperstone differ in their rankings according to ForexBrokers.com. eToro is positioned at #5 out of 63 brokers for its educational offerings, surpassing Pepperstone, which ranks at #17. This ranking may influence prospective traders who seek a more highly recognized educational experience. While both platforms display a commitment to educating their users effectively, eToro holds a slight edge in the educational ranking landscape. Whether you choose eToro or Pepperstone, both platforms are equipped to provide a solid foundation for budding traders.

Feature eToro logoeToro
Pepperstone logoPepperstone
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoeToro
Pepperstone logoPepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 96 95
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with eToro or Pepperstone?

eToro allows users to purchase actual cryptocurrencies, unlike Pepperstone, although both platforms offer cryptocurrency derivatives.

What funding options does each broker offer?

Both eToro and Pepperstone offer a variety of deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, making them versatile choices for online trading.




announcementPlease 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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Compare

0 of 5
Overall Rating eToro Pepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 95
Winner check_circle
Review eToro Review Pepperstone Review
Broker Screenshots eToro Pepperstone
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation eToro Pepperstone
Trust Score info 96 95
Year Founded info 2007 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 3 3
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) eToro Pepperstone
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) eToro Pepperstone
Kenya (CMA Authorised) info No Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments eToro Pepperstone
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 5461 1726
Forex Pairs (Total) info 55 65
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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 info 1 info 1.00 info
All-in Cost EUR/USD - Active info N/A 0.70 info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding eToro Pepperstone
Minimum Deposit info $50-$10,000 $0
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms eToro Pepperstone
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No Yes
DupliTrade info No Yes
ZuluTrade info No No
Trading Tools eToro Pepperstone
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 104 15
Charting - Drawing Tools (Total) info 161 30
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading eToro Pepperstone
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info No Yes
Research eToro Pepperstone
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education eToro Pepperstone
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs eToro Pepperstone
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review eToro Review Pepperstone Review
Overall eToro Pepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 95
Winner check_circle
Review eToro Review Pepperstone Review
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