eToro

4.5(3200)

CySEC/FCA/ASIC

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

eToro vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while eToro is supervised by CySEC/FCA/ASIC. eToro has been in the market since 2007, making it the more experienced provider.

Comparison Table

Criteria	eToro	Pepperstone
Rating	4.5/5 (3200 reviews)	4.5/5 (1800 reviews)
Regulation	CySEC/FCA/ASIC	BaFin/FCA/ASIC
Fees	0% commission on stocks, spreads from 1 pip on forex	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	50 $	0 €
Instruments	Stocks, ETFs, CFDs, Forex, Crypto, Commodities, Indices	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	eToro Platform, eToro App	MT4, MT5, cTrader, TradingView
Options Trading	No, but stocks, CFDs, crypto and copy trading	No, but over 1,200 CFD instruments
Founded	2007	2010
Headquarters	Tel Aviv	Melbourne

Detailed Comparison

Fee Comparison

eToro: 0% commission on stocks, spreads from 1 pip on forex. Minimum deposit: 50 $.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

eToro (7 categories)

StocksETFsCFDsForexCryptoCommoditiesIndices

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

eToro

eToro Platform
eToro App

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

eToro is regulated by CySEC/FCA/ASIC (HQ: Tel Aviv).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

eToro

World-leading social trading platform with multi-asset offering

✓ Social trading and copy trading

✓ 0% commission on real stocks

✓ User-friendly platform

✗ Spreads higher than ECN brokers

✗ $5 withdrawal fee

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is eToro or Pepperstone cheaper?

eToro charges 0% commission on stocks, spreads from 1 pip on forex. Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 50 $ at eToro and 0 € at Pepperstone.

Which broker offers more products: eToro or Pepperstone?

eToro offers Stocks, ETFs, CFDs, Forex, Crypto, Commodities, Indices. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

eToro is regulated by CySEC/FCA/ASIC. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is eToro or Pepperstone better for beginners?

eToro has a minimum deposit of 50 $ and offers eToro Platform, eToro App as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Pepperstone has the lower entry barrier.

eToro vs Pepperstone: Which broker is better overall?

The choice between eToro (4.5/5, 3200 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. eToro: World-leading social trading platform with multi-asset offering. Pepperstone: ECN broker with Razor account and ultra-fast execution.

eToro

World-leading social trading platform with multi-asset offering

Open Account →

From 50 $ min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

eToro read review →Pepperstone read review →