Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Exness, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Pepperstone (founded 2010) and Exness (founded 2008) are online brokers that are not publicly traded and are not banks. On regulation, Pepperstone holds three Tier-1 licenses and two Tier-2 licenses, while Exness holds two Tier-1 licenses and three Tier-2 licenses—tiers that ForexBrokers.com classifies as highly trusted (Tier-1) and trusted (Tier-2).
According to ForexBrokers.com, Trust Scores of 90–99 are highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. Pepperstone scores 94/99 (highly trusted) versus Exness at 80/99 (trusted), giving a clear, side-by-side view of their trust and regulation profiles.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Year Founded | 2010 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
Pepperstone earns 5/5 stars for commissions and fees (ranked #6 of 63 by ForexBrokers.com), while Exness scores 4/5 stars (ranked #31 of 63). Both brokers let you choose between commission-free and commission-based pricing, but Pepperstone’s Razor account is the standout for active forex traders seeking low all-in costs; Exness counters with a wide choice of account types that balance spreads and per-trade commissions.
Pepperstone’s Razor account supports TradingView, MT4/MT5, and cTrader and uses a commission-based model. As of July 2024, the average EUR/USD spread was 0.10 pips; adding the commission-equivalent of 0.70 pips brings the all-in cost to about 0.80 pips, which is close to the industry average. The Standard account is commission-free with a 1.1-pip average on EUR/USD, making it pricier than Razor. High-volume traders can lower costs further via the Active Trader program: in the U.K. and EU, Professional clients trading at least £20 million per month can earn a 15% spread rebate per lot (up to 25% above £200 million). In Australia, Professional clients qualify starting at 100 lots over three months; Tier One cuts spreads by 10% per lot, and Tier Three (over 3001 lots monthly) reduces spreads by 30%.
Exness offers five main accounts. Standard Cent and Standard are commission-free with higher spreads. Pro (commission-free) features lower spreads and lets you choose instant or market execution. Two commission-based options target lower spreads: Zero Spread charges a $0.05 per-trade commission with market execution, and Raw charges up to $7 per round-turn lot ($3.5 per side). Both have no leverage or stop-out restrictions, with margin calls at 30%. In short, Exness gives you flexibility across account types, while Pepperstone’s Razor plus volume-based rebates can deliver very competitive all-in pricing—especially for frequent traders focused on forex.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs Exness: both offer forex trading as CFDs or spot contracts, but their market lineups differ. Pepperstone lists 1,726 tradeable symbols, far more than Exness’s 209. That said, Exness provides a wider choice of currency pairs (96 vs Pepperstone’s 65). If you want broad market coverage, Pepperstone stands out; if you want more forex pair options, Exness has the edge.
Neither broker lets you buy exchange-listed shares directly in the U.S. or abroad. Both support copy trading and offer cryptocurrency via CFDs, but neither allows the purchase of actual crypto. For range of investments, Pepperstone is rated 4 stars and ranks 23rd out of 63 brokers on ForexBrokers.com, while Exness is rated 3.5 stars and ranks 34th.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 209 |
| Forex Pairs (Total) | 65 | 96 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Pepperstone vs Exness: Both brokers offer free demo accounts for paper (simulated) trading and give you a choice of platforms. Each has its own proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on a Windows desktop download or a web-based platform, and both support copy trading. Charting is a focus at both brokers, including the option to place trades directly from charts, plus a range of technical indicators and drawing tools. Watchlists are available to help you track markets at a glance.
For Trading Platforms and Tools, Pepperstone and Exness each earn 4 out of 5 stars, but ForexBrokers.com ranks them differently: Pepperstone is #21 of 63 brokers, while Exness is #15. If platform choice, MetaTrader access, copy trading, web and desktop access, and chart trading are your priorities, both are solid picks; opt for Exness if the higher category ranking is important to you, or choose Pepperstone if its mix of platforms and demo access fits your style.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 107 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Exness both deliver iPhone and Android trading apps with price alerts, trendline drawing, and capable charting. The key differences come down to chart tools and convenience. Pepperstone offers 30 built-in technical studies, auto-saves your chart drawings, and syncs watchlists with your online account so changes carry across devices. Exness includes 35 technical studies—slightly more than Pepperstone—but it does not auto-save chart drawings and does not sync watchlists between mobile and the web platform.
Both mobile trading apps are rated 4 out of 5 stars. According to ForexBrokers.com, Exness ranks #18 out of 63 brokers for Mobile Trading Apps, while Pepperstone ranks #19. Choose Exness if you want a few more indicators, or pick Pepperstone if synced watchlists and auto-saved drawings matter more to your workflow.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Exness are online brokers that both deliver core market research tools. Each offers daily market commentary, forex news from leading sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar to track global events. Both also include a sentiment tool that shows the ratio of long and short positions across instruments. Neither broker provides research from TipRanks or Acuity Trading.
The key difference lies in their analysis add-ons. Pepperstone includes Autochartist for pattern recognition and trade ideas, while Exness skips Autochartist but offers Trading Central’s tools. Independent ratings back up the gap: Pepperstone earns 4.5/5 stars for Research and ranks 12th out of 63 brokers on ForexBrokers.com, whereas Exness scores 3.5/5 and ranks 31st. Choose Pepperstone if you want Autochartist in your toolkit; pick Exness if you prefer Trading Central.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Exness both offer forex and CFD education that meets the benchmark of at least 10 educational pieces, and each runs client webinars at least once a month. New traders will find plenty to watch and learn: both brokers provide 10+ beginner videos to cover the basics, plus 10+ advanced videos for when you’re ready to go deeper. This mix of articles, videos, and webinars makes it easier to build skills step by step.
When it comes to quality, Pepperstone holds an edge. It’s rated 4.5 out of 5 stars for Education and ranks #15 out of 63 brokers on ForexBrokers.com, while Exness earns 3.5 stars and ranks #21. If you want the higher-rated learning experience, Pepperstone is the better pick; if you simply want a broker that still delivers a wide range of beginner-friendly materials and ongoing webinars, Exness remains a viable choice.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Exness. Pepperstone finished with an overall rank of #17, while Exness finished with an overall rank of #31.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
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Exness
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| Trust Score | 94 | 80 |
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Pepperstone and Exness are online brokers that do not let you buy actual delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
In the Pepperstone vs Exness online broker comparison of funding and withdrawal options, Pepperstone supports ACH/SEPA and PayPal but not Skrill, Exness supports Skrill but not ACH/SEPA or PayPal, both offer bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
Please 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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0 of 5| Overall Rating | Pepperstone | Exness | |
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| Trust Score | 94 | 80 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
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| Regulation | Pepperstone | Exness | |
|---|---|---|---|
| Trust Score | 94 | 80 | |
| Year Founded | 2010 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes |
| Investments | Pepperstone | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 209 | |
| Forex Pairs (Total) | 65 | 96 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Pepperstone | Exness | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Exness | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 107 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Exness | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Exness | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Exness | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Exness Review |
| Overall | Pepperstone | Exness | |
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| Trust Score | 94 | 80 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
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