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E*TRADE vs Pepperstone : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

E*TRADE

E*TRADE

VS
Pepperstone

Pepperstone

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Both ECN and STP broker

ECN broker

Years of Existence / Established Year

1982

2010

Customer Base / Number of Accounts

5.2 million client accounts

400,000 traders


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Regulation & Security

Regulations (governing bodies)

FRS, FINRA, SIPC, SEC, NFA, FDIC

FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB

Awards Won (count for the last 2 years)

Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech Awards

2024 Forex Broker of the Year by BrokerWahl.de, TradingView Social Champion 2023

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Over 50,000 offerings, including US Treasury trades

1200+ trading assets including shares, currencies indices

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

No

Yes

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

No

Options

Yes

No

Futures

Yes

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

Yes

cTrader

No

Yes

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Power Etrade web, Power Etrade app

Pepperstone proprietary platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank

Standard and Razor account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$0

Leverage Available

No

1:20 to 1:500

Trade Limit (maximum per trade)

Depends on assets class

100 lots trading size

Commission (per account type)

Razor account - $3, Standard account -$0

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Beginner to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Withdrawal Methods

E-wallets, check, Wire transfer

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Other E-Wallets Supported

Electronic transfer

Neteller,skrill, PayPal


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Tools & Educational Resources

Economic Calendar

No

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Educational Resources, Tools, Market News and Insights, Tutorials and Webinars

Trading Education Online Courses, Market Analysis and Insights, Webinars, Trading Guides and eBooks, Video Tutorials, The Daily Fix Market News and Analysis, Pepperstone Blog Trading Insights


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Fees & Commissions

Trading-Related Fees

Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166

Spread-1.2 pips

Spread (typical, fixed, variable)

NA

Variable

Per Lot Fees

NA

Razor account: $3.50 per lot, Raw account: $7 per lot, cTrader:$6 round trip per unit, TradingView: $7 roundtrip per unit

Options Contract Fees

$0.65

NA

Futures Contract Fees

$1.50

NA

Markup Fees on Spread

NA

1 pip on FX pairs

Guaranteed Stop Loss Fees

NA

Charges apply

Maximum Leverage

No

1:500


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

0.30%

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

$2

NA

Account Opening Fee

NA

NA

Account Maintenance Fee

$15/ month

NA

Deposit Fee

$0

$0

Currency Conversion Fee

Direct trade-$0.005 per share, Broker assisted trader- $25

Razor Account- $29.36, Standard Account - $48.12, Swap-free Account $58.78

Withdrawal Fee

Check return - $25, Electronic return -$25

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Sunday 5 p.m. CT to Friday 4 p.m. CT

VIX 00:01 - 23:59 (Opens Monday 01:00; Friday close 23:55), NAS100 01:00 - 23:15, 23:30 - 23:59 (Closes Friday 23:55), HK Share CFDs 4:30-7:00, 8:00-11:00, US Share CFDs 16:31 - 22:55


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

8 AM - 8 PM ET on weekdays

24/7

Customer Support Methods (phone, email, live chat)

Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]

Phone: +1786 628 1209, Email: [email protected], Live chat

Support Languages

1

8+


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Additional Information

Headquarters Location

Arlington, Virginia, United States Buyenlarge, Getty

Melbourne, Australia

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Both E*TRADE and Pepperstone offer affordable fee structures, but E*TRADE generally edges out with no inactivity fees and lower commissions on standard trades, whereas Pepperstone shines with bundled research and platform access.
If speed and simplicity matter to you, E*TRADE delivers a streamlined account setup. In contrast, Pepperstone includes more documentation and KYC checks, which can delay access but ensures strong compliance.
If you're trading on-the-go, E*TRADE mobile platform is fluid and intuitive. Pepperstone desktop and web apps are more robust, making them suitable for in-depth trading sessions.
If you're after professional-grade platforms, E*TRADE may be ideal. For casual investors, Pepperstone offers a low-barrier entry.