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 account | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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: Pepperstone offers a much wider overall selection with 1,726 tradeable symbols, while Exness lists 209. If your focus is forex, Exness provides more currency pairs (96 versus Pepperstone’s 65). With both brokers, forex is available via CFDs or spot. Each supports copy trading and cryptocurrency CFDs, but neither lets you buy actual (delivered) crypto. Also, neither broker offers direct access to exchange-traded shares on U.S. or international markets.
Ratings for Range of Investments: Pepperstone earns 4 stars and ranks #27 out of 63 brokers, while Exness scores 3.5 stars and ranks #56. Bottom line: Pepperstone leads on total instruments, Exness leads on forex pair count, and both include copy trading and crypto CFDs without direct share dealing or delivered crypto.
| 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 give traders flexible platform choices. Each offers a free demo (paper) account, a proprietary platform, and the popular MetaTrader 4 and MetaTrader 5 suites. You can trade in a web browser or on a Windows desktop, use copy trading, and place orders directly from charts. That mix makes it easy to practice first, then trade live using familiar tools across devices.
For trading platforms and tools, both earn 4 out of 5 stars from ForexBrokers.com, with Pepperstone ranked #22 out of 63 brokers and Exness ranked #26. The exact counts of built-in indicators and watchlist columns aren’t specified and can vary by platform, but each broker offers practical charting and watchlist features via MT4/MT5 and their own platforms. In short, both deliver similar capabilities, with Pepperstone holding a slight edge in the category ranking.
| 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 offer mobile trading apps for iPhone and Android, and each supports price alerts for forex and other markets. A key difference is watchlist syncing: Pepperstone syncs your watchlists between the mobile app and your online account, so changes carry over automatically. Exness does not sync watchlists, which means you may need to manage them separately across devices.
On charting tools, Exness lists 35 technical studies compared with Pepperstone’s 30, and both apps let you draw trendlines. Pepperstone automatically saves your chart drawings, while Exness does not—useful if you revisit setups often. Both earn 4 out of 5 stars for Mobile Trading Apps; however, at ForexBrokers.com Pepperstone ranks #21 out of 63 brokers, ahead of Exness at #26. Choose Pepperstone if synced watchlists and saved annotations matter most; pick Exness if you prefer a few more built-in indicators.
| 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 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 (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 vs Exness for beginner education: both brokers invest in forex and CFD learning. Each hosts ongoing client webinars at least once a month and offers a sizable library of beginner videos (10+), along with plenty of advanced videos (10+) for when you’re ready to go further. That combination gives new traders an easy way to build basics and progress to more complex topics.
Independent ratings point to a clearer edge for Pepperstone. It earns 4.5/5 stars for Education and ranks 17th out of 63 brokers on ForexBrokers.com, while Exness scores 3.5/5 stars and ranks 47th. If education quality is a priority, Pepperstone is likely the stronger pick, though Exness still delivers regular webinars and a solid lineup of video lessons for beginners.
| 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 #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
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| Trust Score | 95 | 81 |
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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 | 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, FSRA, or SCA 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 | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | 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 | 95 | 81 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
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