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 and Exness both offer online trading services, but there are some differences in their regulatory standings. Founded in 2010, Pepperstone holds three Tier-1 licenses, which are considered highly trusted, and has a Trust Score rating of 95 out of 99 according to ForexBrokers.com, indicating a high level of trust. In comparison, Exness, established in 2008, holds two Tier-1 licenses and has a Trust Score rating of 81, placing it in the trusted category. Neither company is publicly traded nor operates as a bank.
While both brokers are reputable, Pepperstone’s slightly higher number of Tier-1 licenses and trust score suggest a marginally higher level of regulatory assurance. However, Exness has more Tier-2 licenses, which are also regarded as trusted, showcasing its commitment to maintaining credibility and investor protection in various jurisdictions. Users may prefer Pepperstone for its high trust score, while others might consider Exness owing to its broader set of Tier-2 licenses.
| 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 and Exness both compete on pricing, but they take different paths. Pepperstone earns 4.5/5 stars for Commissions and Fees and ranks #11 out of 63, while Exness scores 4/5 stars and ranks #36. If you trade frequently, comparing the all-in cost (spreads plus any commissions) is key to deciding which broker fits your budget.
Pepperstone’s Razor account is commission-based and available on TradingView, MetaTrader 4/5, and cTrader. As of July 2024, the EUR/USD averaged 0.10 pips; once you add the commission equivalent of 0.70 pips, the all-in cost is about 0.80 pips—near the industry average. The Standard account is commission-free but pricier at about 1.1 pips on EUR/USD. High-volume traders can lower costs via the Active Trader program: in the UK and EU, eligible Professional clients trading at least £20 million per month can receive a 15% per-lot rebate, rising to 25% above £200 million. In Australia, Professional clients need 100 lots over three months to enter Tier One (10% discount per standard lot), with Tier Three offering a 30% spread reduction for those trading over 3001 lots monthly.
Exness offers five main accounts. The commission-free Standard Cent and Standard accounts use market execution and carry higher spreads, while the Pro account (lower spreads than the other two) lets you choose between instant and market execution. For lower spreads with commissions, the Zero Spread account uses market execution and charges a $0.05 per-trade commission, and the Raw account uses market execution with commissions up to $7 per round turn lot ($3.5 per side). Zero and Raw have no leverage or stop-out restrictions, with margin calls at 30%. Bottom line: Pepperstone’s Razor all-in cost—and the potential rebates for active traders—can be very competitive against Exness’s commission-free choices, while Exness gives you more account variety, including options that pair very tight spreads with fixed commissions.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs. Exness: When it comes to the range of investments, Pepperstone offers 1,726 tradeable symbols, far more than Exness with 227. For forex, Exness lists 96 currency pairs, while Pepperstone has 65. Both brokers let you trade forex as CFDs or spot contracts.
Neither broker offers exchange-traded stocks in the U.S. or international markets, so you can’t directly buy shares like Apple or Vodafone. Both provide copy trading and let you trade cryptocurrency through derivatives, but not actual coins. According to ForexBrokers.com, Pepperstone earns 4 stars and ranks 27th out of 63 for Range of Investments, while Exness scores 3.5 stars and ranks 56th.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 227 |
| Forex Pairs (Total) | 65 | 96 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Both Pepperstone and Exness offer comprehensive trading platforms and tools tailored to meet the needs of traders. Each broker provides a free virtual demo account, enabling users to practice trading without financial risks. Additionally, both firms offer proprietary platforms, developed in-house, as well as the ability to trade via Windows-based desktop downloads and web-based platforms. For users interested in MetaTrader options, both Pepperstone and Exness support MetaTrader 4 and MetaTrader 5. Copy trading enthusiasts will find options on both platforms, although Pepperstone goes a step further with DupliTrade, while neither broker supports ZuluTrade.
When it comes to charting, Pepperstone and Exness allow trading directly from stock charts, and they provide similar watch list customization with seven columns each. Pepperstone offers fewer drawing tools—30 compared to 87 available with Exness. Both platforms receive a four-star rating for their trading platforms and tools. However, Pepperstone holds a slightly higher ranking at #22, compared to Exness at #26, among 63 brokers in the Trading Platforms and Tools category as evaluated by ForexBrokers.com. Despite these nuances, both brokers offer highly rated platforms fitting various trader preferences.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 107 |
| Charting - Drawing Tools (Total) | 30 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Pepperstone and Exness offer well-rated mobile trading apps available for iPhone and Android users, each providing useful features for traders on the move. Pepperstone stands out with its ability to sync watchlists between the mobile app and the client's online account, making it easy to keep track of your preferred stocks and forex symbols across devices. On the other hand, Exness offers a broader range of technical studies with 35 available options compared to Pepperstone's 30, catering to traders who rely heavily on technical analysis. Both platforms provide essential features like price alerts, trendline drawing, and the ability to view various time frames on charts.
In terms of additional benefits, Pepperstone's mobile app excels by allowing auto-saving of drawings on charts, an advantage for those who frequently annotate their trading setups. Both apps allow the creation of watchlists with real-time quotes, ensuring you stay updated with market movements. Rated 4 out of 5 stars for their mobile trading capabilities, Pepperstone and Exness are closely matched; however, in a broader comparison by ForexBrokers.com, Pepperstone ranks slightly higher at #21 compared to Exness at #26 out of 63 brokers. This difference may influence those who appreciate integrated features and seamless device experiences.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Exness both cover the essentials traders look for in market research. Each provides daily market commentary, an economic calendar with global events, and a sentiment tool showing the split between long and short positions. Both also deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. The biggest difference is in the add-on tools: Pepperstone includes Autochartist for chart patterns and trade ideas, while Exness offers Trading Central. Neither broker features TipRanks or Acuity Trading tools.
Independent ratings highlight a gap in overall research quality: Pepperstone earns 4.5 out of 5 stars and ranks #12 out of 63 brokers on ForexBrokers.com, while Exness scores 3.5 stars and ranks #42. In short, choose Pepperstone if you want Autochartist paired with daily coverage, or pick Exness if Trading Central is your priority.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Pepperstone and Exness both offer a wide array of learning opportunities focused on forex and CFDs. Both platforms provide a collection of more than ten educational materials, including articles, videos, and archived webinars. Beginners can take advantage of at least ten educational videos on trading available on both brokers' platforms. Where Pepperstone stands out is in its commitment to ongoing learning through monthly live webinars and a distinctly rich offering of advanced educational videos. Exness, while also providing a searchable archive of webinars, does not offer regular live educational webinars. The investor dictionary offered by both brokers helps beginners get acquainted with over 50 investing terms, providing a solid foundation.
Pepperstone's comprehensive approach to trader education has earned it a 4.5-star rating for education, placing it at the 17th spot among 63 brokers according to ForexBrokers.com. Exness, while still a solid choice, holds a 3.5-star rating and ranks 47th. This suggests Pepperstone might be particularly appealing to those keen on an immersive educational experience that covers both beginner and advanced topics. In summary, for traders who value ongoing educational events and in-depth learning opportunities, Pepperstone may offer more resources tailored to ensure skill progression at every level. On the other hand, Exness provides comprehensive foundational materials that can still effectively guide a novice trader.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 #16, while Exness finished with an overall rank of #43.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 81 |
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Both Pepperstone and Exness do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
Pepperstone offers a broader range of funding options including ACH, SEPA transfers, and PayPal, compared to Exness which does not provide these options, while both platforms support Skrill, Visa, Mastercard, and bank wire transfers for depositing or withdrawing account funds.
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 | 95 | 81 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
| Broker Screenshots | Pepperstone | Exness | |
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| Regulation | Pepperstone | Exness | |
|---|---|---|---|
| Trust Score | 95 | 81 | |
| 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 (SFC 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes |
| Investments | Pepperstone | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 227 | |
| Forex Pairs (Total) | 65 | 96 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 107 | |
| Charting - Drawing Tools (Total) | 30 | 87 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Exness | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Exness Review |
| Overall | Pepperstone | Exness | |
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| Trust Score | 95 | 81 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
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