Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
Regulated in your country Pepperstone is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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 Australia.eToro is better than Pepperstone for long-term investors, while Pepperstone is better for professional traders and scalpers. High-volume traders, swing traders and news traders can choose either eToro or Pepperstone.
| Overall score | eToro 81 -2 83 | Pepperstone 83 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 in Australia, by ASIC.
| Section score | eToro 100 100 | Pepperstone 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| 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 Australia.Both eToro and Pepperstone offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 | Pepperstone 65 -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 | Australian Settlements Limited | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 909,000 |
| Annual revenue i | US$1,340,000,000 | US$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 Australia, 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 US$9 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.5 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.21 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 55 -19 76 | Pepperstone 74 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 | US$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 | US$11.2 | US$9 |
| S&P 500 fees (CFD) i | 1.08 points | 0.5 points |
| Gold fees (CFD) i | 0.88 points | 0.21 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$15 |
| US stocks fees (CFD) i | US$0.02 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | US$4 | |
| 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 Australia, and of how many instruments each one gives access to.eToro is better than Pepperstone for CFD/FX markets, as eToro gives access to 7,000 tradable symbols (against Pepperstone's 1,350), 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 | 7,000 | 1,350 |
| 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 Australia.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 Australia, and of what each one lets you do from your phone.eToro and Pepperstone are equally good for mobile trading, since eToro offers a social trading app and a copy trading app. On the other hand, Pepperstone offers the cTrader app and the MetaTrader 5 app. Both eToro and Pepperstone offer a proprietary mobile app and mobile price alerts.
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 87 | Pepperstone 86 -1 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 Australia.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 -19 85 | Pepperstone 87 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Hybrid |
| Average execution time i | 50 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| 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 | US$10 | US$1 |
| 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 Australia, and of who each one is meant for.Pepperstone is better than eToro for CFD/FX account types, because Pepperstone offers a professional traders account, a managed account and an Islamic account, which eToro does not. Both eToro and Pepperstone offer a demo account and a corporate 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 45 -32 76 | Pepperstone 77 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 Australia.Pepperstone is better than eToro for account opening, as Pepperstone does not require a minimum deposit (against eToro's US$50), offers 6 account base currencies (against eToro's 2), and has no minimum withdrawal (against eToro's US$30). 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 69 -16 69 | Pepperstone 85 Best not offered |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | PayPal, Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | USD, EUR, GBP, AUD, SGD, HKD |
| Deposit waiting time i | Instant | Instant |
| Withdrawal waiting time i | up to 7 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Pepperstone in Australia, in how it can be reached and how fast it answers.eToro and Pepperstone are equally good for customer care, as eToro offers call-back requests and tax assistance. On the other hand, Pepperstone offers customer support in 10 languages (against eToro's 1), and has a website in 9 languages (against eToro's 7). eToro and Pepperstone both offer a dedicated account manager and phone support.
Pepperstone does not offer real stocks, being a CFD broker, so eToro and Pepperstone cannot be compared for customer care.
| Section score | eToro 78 78 | Pepperstone 78 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 | English | 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 Australia.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 96 Best 96 | Pepperstone 84 -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 with a wide choice of markets.
Stocks Choose eToro if you want an online broker for stocks with crypto to own.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
CFD/FX Choose Pepperstone if you want a CFD and forex broker for scalping, with low spreads and no minimum deposit.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.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.
