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Pepperstone vs eToro
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Updated:
Compare Pepperstone Vs eToro Side by Side
Considering whether to choose Pepperstone or eToro? We’ve conducted a comparison review of Pepperstone or eToro, including safety measures, licensing, trading terms, costs, trading platforms, available instruments, deposit and withdrawal conditions, and other vital considerations. This thorough side-by-side analysis is designed to assist you in making an informed decision.
Summary
| Feature | Pepperstone | eToro |
|---|---|---|
| Website | //www.pepperstone.com | //www.etoro.com |
| Founded year | 2010 | 2006 |
| Headquarter | Australia | Israel |
| Licenses | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE | UK, Australia, Cyprus, Seychelles |
| Minimum Deposit | 200 US$ | 50 US$ |
| Trading Platforms | MT4, MT5, cTrader, TradingView | eToro platform |
| Eurusd avg Spread | 0.77 pips | 0.97 pip |
Licenses
| Feature | Pepperstone | eToro |
|---|---|---|
| Licenses Countries Info (short) |
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Pepperstone vs eToro are both well-respected financial institutions with multiple licenses and top-tier regulatory approvals that allow them to operate within the European Union and expand their global footprint.
Broker Types
| Feature | Pepperstone | eToro |
|---|---|---|
| Broker types |
|
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Pepperstone is an ECN/NDD Broker, which is better for price transparency and offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders, while eToro is a Market Maker Broker with faster in-house order execution.
Trading Conditions
| Feature | Pepperstone | eToro |
|---|---|---|
| Trading Conditions |
|
|
Pepperstone and eToro offer trading conditions that are relatively alike, with both providing copy trading options and being well-suited for beginners. However, it’s important to note that eToro restricts scalping strategies, but it compensates with the advantage of social trading. On the other hand, one of Pepperstone’s notable advantages lies in its low spreads.
Fees & Commissions
| Fees & Commissions | Pepperstone | eToro |
|---|---|---|
| Inactivity Feemonth | 0 $ | $10 |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 5$ |
| Rollover fee eurusd buy 1 lot | -0.693 | -0.00008269 |
| Rollover fee eurusd sell 1 lot | 0.301 | 0.00001841 |
| Avg Eurusd standard acc | 0.77 pips | 0.97 pip |
| Gold | 0.13 | 4.5 |
| Brent oil | 2.3 pips | 5 |
| Bitcoin | 31.39 | 102.71 |
Pepperstone has a bit lower fees than eToro, including low fees with 0$ commission, while eToro’s fees remain considerably elevated. At the same time Pepperstone has lower spreads compared to eToro.
Account Types
| Feature | Pepperstone | eToro |
|---|---|---|
| Account types |
|
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Both Pepperstone vs eToro offer Standard accounts inbuilt into a single account offering and both have an Islamic Account settings to offer for traders following Sharia laws with suited conditions and applicable laws available.
Markets & Instruments
| Markets & Instruments | Pepperstone | eToro |
|---|---|---|
| Forex | 60+ | 52 |
| Indices | 14 | 21 |
| Commodities | 9 | 32 |
| Cryptocurrencies | 9 | 74 |
| Shares | 64 | 3203 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | 60+ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 100+ | 325 |
The portfolios of trading instruments offered by Pepperstone vs eToro are very similar, except, eToro offers a bigger number of assets for each market group also mainly focusing on Copy Trading or act as CryptoExchange in the US only, while Pepperstone additionally offers Spread Betting
Trading Platforms
| Feature | Pepperstone | eToro |
|---|---|---|
| Platforms |
|
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Pepperstone offers a broader selection of trading platforms, encompassing both MetaTrader platforms and advanced technical solutions like cTrader. In contrast, eToro provides a proprietary platform that appears to be customized for its users, and it also provides the MT4 platform.
Deposit & Withdrawal Methods
| Feature | Pepperstone | eToro |
|---|---|---|
| Payment methods |
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Pepperstone vs eToro provide nearly identical payment methods. Both brokers offer the flexibility of bank transfers, debit/credit cards, and a selection of widely used e-wallets as viable payment options.
Others
| Feature | Pepperstone | eToro |
|---|---|---|
| Others |
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Others
Both Pepperstone vs eToro take client satisfaction quite a priority and keep it at a professional level. However, there’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level, while Pepperstone is more advanced and helps to improve traders knowledge and include comprehensive materials, tutorials and webinars.
Conclusion on eToro vs Pepperstone
In conclusion, when comparing Pepperstone vs eToro, both brokers exhibit reliability and trustworthiness, boasting strong regulatory backgrounds. These brokers offer solid trading platforms, with Pepperstone providing a wider range of options and a diverse selection of trading instruments. However, our preference leans towards eToro due to its more robust regulatory support and the added benefit of social trading, being leading Social Tarding Broker which enhances its overall trading conditions. Here is our final recommendation:
- Pepperstone — 🥇 Best CFD Broker with high levels of customer satisfaction
- eToro — 🥇Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker
