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 is the better pick for commissions and fees overall, with a 5-star rating and a #6 ranking out of 36 brokers for this category. Its Razor account is the standout choice for cost-conscious traders because it uses commission-based pricing plus very tight spreads; for EUR/USD, Pepperstone listed an average spread of 0.10 pips on Razor in July 2024, or about 0.80 pips all-in after commission. By contrast, Pepperstone’s Standard account is commission-free but less competitive, with a higher average EUR/USD spread of 1.1 pips, making it the pricier option for most active traders.
Exness is also a low-cost broker in parts of its lineup, but its pricing depends more on which account you choose. It offers several account types, including Standard Cent, Standard, Pro, Zero Spread, and Raw, along with social copy trading accounts. Its commission-based accounts usually have tighter spreads than its commission-free accounts, and the Raw and Zero Spread accounts are designed for traders who want lower spreads in exchange for paying per-trade commissions. Exness is rated 4 stars and ranked #32 out of 36 brokers for commissions and fees, which puts it behind Pepperstone in this category.
In simple terms, Pepperstone is the stronger choice if your main goal is cheaper trading costs, especially on the Razor account or if you can take advantage of the Active Trader program. Exness gives traders more account variety, but its overall commissions-and-fees score is lower. For most price-focused traders, Pepperstone comes out ahead on both ratings and ranking.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| 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 and Exness both give traders access to forex as CFDs or spot contracts, and both support cryptocurrency CFDs rather than actual crypto ownership. Neither broker offers exchange-traded securities on U.S. or international exchanges, so you cannot buy real shares like Apple or Vodafone through either platform. The main difference is in overall product range: Pepperstone offers 1,726 tradeable symbols and 65 forex pairs, while Exness offers 239 tradeable symbols and 78 forex pairs. Pepperstone also stands out by offering copy trading, which Exness does not.
For range of investments, Pepperstone has the edge with a 4-star rating and a #23 ranking out of 36 brokers from ForexBrokers.com. Exness is rated 3.5 stars and ranks #35 out of 36. If you want a wider mix of markets and the option to follow other traders, Pepperstone is the stronger choice, while Exness may appeal more if your focus is mainly on forex pairs.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 239 |
| Forex Pairs (Total) | 65 | 78 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| 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 and Exness both give traders a strong set of platform choices, including free demo accounts, their own in-house platform, Windows desktop software, web trading, MetaTrader 4, and MetaTrader 5. Both also let users trade directly from charts, which can make placing orders faster and easier. For trading platforms and tools, each broker is rated 4 out of 5 stars by ForexBrokers.com, so they are closely matched on the basics that most traders look for.
The main difference is that Pepperstone offers copy trading, while Exness does not. In ForexBrokers.com’s ranking of 36 brokers in the Trading Platforms and Tools category, Exness comes in higher at #15, compared with Pepperstone at #21. If copy trading matters to you, Pepperstone has the edge; if broker rankings are your guide, Exness has the stronger placement.
| 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 | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Exness both make trading on the go easy with iPhone and Android apps, along with price alerts, watchlist syncing, and the ability to draw trendlines on charts. Both mobile apps are also rated 4 out of 5 stars for mobile trading, so each gives traders a solid everyday experience. In ForexBrokers.com’s mobile trading apps ranking, Exness edges ahead slightly at #18 out of 36 brokers, while Pepperstone sits at #19.
The main difference is charting depth. Pepperstone’s mobile app offers 30 technical studies, while Exness provides 100, giving Exness a wider set of tools for traders who rely on chart analysis. Pepperstone does have one useful advantage, though: its app auto-saves chart drawings, while Exness does not. For traders who want more indicators, Exness stands out; for those who value automatic saving of drawings, Pepperstone has the edge.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Exness both give traders daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. That means each broker covers the main market updates most traders want in one place. Pepperstone also adds Autochartist and a sentiment tool that shows how many traders are long or short on a pair, while Exness stands out with Trading Central for extra technical analysis support.
When it comes to research, Pepperstone comes out ahead overall. It holds a 4.5-star research rating and ranks #13 out of 36 brokers at ForexBrokers.com, compared with Exness at 3.5 stars and #32. In short, both brokers offer useful market research, but Pepperstone gives more research tools and a stronger overall research experience, while Exness offers a more limited set with Trading Central as its main extra feature.
| 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 | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Exness both give beginners a wide range of learning tools, including forex and CFD education with at least 10 topic-based resources, monthly educational webinars, and plenty of beginner and advanced video content. That means new traders can find basic lessons, market explanations, and more detailed material at either broker, making both platforms a useful place to start learning how trading works.
When comparing the two, Pepperstone comes out ahead on education quality and ranking. It is rated 4.5 out of 5 stars for Education and holds the #15 spot out of 36 brokers on ForexBrokers.com, while Exness is rated 3.5 stars and ranks #21. For beginners who want the stronger overall education offering, Pepperstone has the edge, even though Exness still provides a solid set of learning resources.
| 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 | 239 | |
| Forex Pairs (Total) | 65 | 78 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| 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 | $10 | $100 | |
| 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 | No | |
| 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 | 106 | |
| 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 | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| 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 | No | |
| 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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