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 |
When it comes to commissions and fees, Pepperstone stands out with its Razor account, especially appealing to high-volume traders who can benefit from the Active Trader program. The Razor account operates on a commission-based pricing structure and reported an average spread of 0.10 pips for EUR/USD as of July 2024. With the inclusion of a commission-equivalent of 0.70 pips, the total cost becomes 0.80 pips, aligning closely with the industry average. On the other hand, Pepperstone's Standard account is commission-free but features a higher average spread of 1.1 pips for EUR/USD, making it a pricier option compared to the Razor account. The broker garners a 4.5-star rating and holds the #10 position among 63 brokers for commissions and fees according to ForexBrokers.com.
Exness, on the other hand, provides a wider array of account types, including standard and professional options, each with different fee structures. The Zero Spread and Raw accounts offer lower spreads with associated per-trade commissions. For instance, the Zero Spread account charges $0.05 per trade, while the Raw account charges up to $7 per round turn lot. In contrast, the Standard Cent and Standard accounts boast higher spreads and operate without commissions. With market execution across most accounts, Exness ensures flexibility for traders who prefer varying execution methods. Exness earns a 4-star rating and is ranked #35 in the commissions and fees category by ForexBrokers.com.
In conclusion, both Pepperstone and Exness present competitive offerings for traders but cater to different preferences. Pepperstone excels with its Razor account, especially suited to active traders who can leverage its rebate programs, and is well-regarded in the industry. Exness, with its diverse account types and execution options, caters to a broad audience but may appeal more to those seeking flexible trading methodologies over strictly lower fees.Choosing between the two hinges on the type of trading experience and financial efficiency the trader seeks.
| 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.
The investment options at Pepperstone and Exness cater well to forex traders, offering both CFD and spot contracts. Pepperstone provides access to 1,726 tradeable symbols, including 65 forex pairs, surpassing Exness's selection of 227 symbols with 96 forex pairs. Neither broker provides direct access to exchange-traded securities on U.S. or international exchanges, and both offer copy trading as well as cryptocurrency derivatives. However, neither supports purchasing actual cryptocurrencies.
Pepperstone's expansive range of investments is reflected in its 4-star rating and #26 ranking out of 63 brokers by ForexBrokers.com. In comparison, Exness, with its slightly narrower selection, holds a 3.5-star rating and ranks #55 in the same category. This makes Pepperstone a preferable option for traders seeking a broader array of investment opportunities, particularly if forex trading and crypto CFDs are your focus areas.
| 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 provide valuable resources for traders interested in staying updated on market movements. Both brokers offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. When it comes to tools for analysis, Pepperstone stands out by providing resources from Autochartist, which gives traders advanced technical analysis features. Exness, on the other hand, offers resources from Trading Central, providing strong technical analytics support. Both platforms supply sentiment-based trading tools and comprehensive economic calendars to keep traders informed about global events.
Despite some overlapping features, there are distinct differences in their research offerings that may appeal to different trader preferences. Pepperstone has been rated 4.5 stars for research and holds the position of #12 among 63 brokers in the Research category by ForexBrokers.com. In comparison, Exness is rated 3.5 stars and ranks #41 for its research services. While both are credible options, traders might choose Pepperstone if they prioritize integration with Autochartist, whereas Exness could be more suitable for those seeking Central Trading analytics.
| 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
|
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 |
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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) | No | No | |
| 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) | No | 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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