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 scores higher than Exness for commissions and fees, earning 5 stars and ranking #5 out of 36 brokers at ForexBrokers.com. Its best value is the commission-based Razor account, which had an average EUR/USD spread of 0.10 pips in July 2024. After adding the commission equivalent of 0.70 pips, the all-in cost comes to about 0.80 pips, which is close to the industry average. Pepperstone’s Standard account is commission-free, but its average EUR/USD spread of 1.1 pips makes it more expensive than Razor for most traders.
Exness is rated 4 stars and ranked #33 out of 36 brokers for commissions and fees. It offers several account types, and pricing depends on which one you choose. The commission-free Standard Cent, Standard, and Pro accounts generally have higher spreads than the commission-based options. The Zero Spread account charges a small per-trade commission of $0.05, while the Raw account charges up to $7 per round turn lot ($3.50 per side), but both aim to keep spreads lower.
For lower overall trading costs, Pepperstone is the stronger pick, especially for active traders who can qualify for its Active Trader program and receive spread rebates based on trading volume. Exness can also be competitive if you choose one of its commission-based accounts, but its overall pricing setup is not as highly rated. In simple terms: Pepperstone is usually better for fees and commissions, while Exness gives traders more account choices.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | N/A |
| All-in Cost EUR/USD - Raw spread account | 0.8 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Exness both let you trade forex as CFDs, but Pepperstone offers a much wider overall selection of markets. Pepperstone lists 2,631 tradeable symbols compared with Exness’s 239, and it also offers 65 forex pairs versus Exness’s 78. Neither broker gives you access to exchange-traded shares on U.S. or international stock exchanges, so you cannot buy real company stock such as Apple or Vodafone through either platform.
Where Pepperstone pulls ahead is variety beyond forex. It supports copy trading and lets you buy actual cryptocurrency, while Exness does not offer either of those options. Both brokers do offer cryptocurrency CFDs. Based on range of investments, Pepperstone is rated 4 out of 5 stars and ranks #23 out of 36 brokers on ForexBrokers.com, while Exness is rated 3.5 stars and ranks #37, making Pepperstone the stronger choice overall for traders who want more market options.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 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) | Yes | 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) | 90 | 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 major sources such as Bloomberg and Reuters, and an economic calendar to track upcoming global events. However, Pepperstone stands out for its sentiment-based trading tool, which shows the balance of long and short positions across instruments, while Exness instead offers Trading Central research tools for added technical insight. Neither broker includes Autochartist, TipRanks, or Acuity Trading research.
Overall, Pepperstone earns a higher Research rating at 4.5 out of 5 stars and ranks #13 out of 36 brokers, compared with Exness at 3.5 stars and #34. For traders who want a wider mix of market research features and a stronger overall research score, Pepperstone has the edge, while Exness still covers the basics well.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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 plenty of learning support, with each broker offering forex and CFDs education, monthly online webinars, and at least 10 beginner and 10 advanced trading videos. This means either platform can help new traders get started with basics like market terms, order types, and trading strategies, while also offering material for traders who want to move beyond the beginner stage.
That said, Pepperstone comes out ahead overall for education. It holds a 4.5-star rating and ranks 15th out of 36 brokers for the Education category, while Exness has a 3.5-star rating and ranks 20th. For beginners looking for a broker with stronger educational support and slightly better-rated learning content, Pepperstone has the edge.
| 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 both offer cryptocurrency CFDs, but only Pepperstone also allows clients to buy actual, delivered cryptocurrency rather than just a CFD.
Comparing online brokers Pepperstone vs Exness for deposit and withdrawal methods: Pepperstone supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while Exness supports Skrill and bank wire transfers but not ACH/SEPA or PayPal; Visa/Mastercard availability for both brokers is not specified.
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 |
| Broker Screenshots | Pepperstone | Exness | |
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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) | 2631 | 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) | Yes | 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) - Spread-only account | 1.1 | N/A | |
| All-in Cost EUR/USD - Raw spread account | 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) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 90 | 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 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 | No | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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