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 |
If you’re comparing Pepperstone vs Exness on commissions and fees, Pepperstone tends to be cheaper for high-volume traders. Pepperstone earns 4.5/5 stars and ranks #6 out of 63 brokers for Commissions and Fees, while Exness scores 4/5 stars and ranks #31. Both brokers offer commission-free and commission-based pricing, but the lowest costs on each platform are typically found with their commission accounts.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses commission-plus-spread pricing with an average EUR/USD spread of 0.10 pips and a commission-equivalent of 0.70 pips, for an all-in cost of about 0.80 pips (as of July 2024). Its Standard account is commission-free with a 1.1‑pip average spread on EUR/USD, making it costlier than Razor for the same trade. Active Trader discounts can lower costs further: in the UK/EU, Professional clients who trade at least £20 million per month get a 15% rebate per lot, rising to 25% above £200 million. In Australia, Professional clients start at a 10% discount from 100 lots (over three months), climbing to 30% for 3001+ lots per month.
Exness offers five main accounts: Standard Cent, Standard, and Pro (all commission-free), plus Zero Spread and Raw (commission-based). Costs depend on the account you choose. The commission-free options have higher spreads, with Standard Cent the highest, Standard slightly lower, and Pro tighter still; Pro also lets you use instant or market execution. For the lowest spreads, the commission accounts are the draw: Zero Spread charges a $0.05 per-trade commission with market execution, while Raw charges up to $7 per round-turn lot ($3.5 per side) and features lower spreads.
| 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 |
Pepperstone
|
Exness
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 81 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | Exness | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 81 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
| Broker Screenshots | Pepperstone | Exness | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 (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 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 | 1.1 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 81 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Exness Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill