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 comes out ahead on commissions and fees, especially for active traders. Its Razor account uses commission-based pricing and, with typical EUR/USD costs of 0.80 pips as of July 2024, can be very competitive, while its Standard account is commission-free but pricier at about 1.1 pips on EUR/USD. Pepperstone also offers an Active Trader program that can reduce trading costs further for high-volume clients, making it a strong choice for frequent forex traders. Pepperstone is rated 5 stars and ranked #6 out of 36 brokers for commissions and fees.
Exness offers more account choices, but its pricing depends heavily on which account you pick. Its commission-free Standard Cent, Standard, and Pro accounts generally have higher spreads than its commission-based options, while the Zero Spread and Raw accounts offer tighter spreads in exchange for a per-trade commission. This gives Exness flexibility, but it also means costs can be less straightforward than Pepperstone’s best-priced account. Exness is rated 4 stars and ranked #31 out of 36 brokers for commissions and fees.
Overall, Pepperstone has the edge for traders focused on keeping costs low, especially if they trade often or qualify for rebates. Exness can still be a good fit for traders who want account variety, but its fee structure is generally less competitive on average.
| Feature |
Pepperstone
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $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 offers a wider range of investments than Exness overall, with 1,726 tradeable symbols compared with Exness’s 239. Both brokers support forex trading as CFDs or spot contracts, but Exness lists more forex pairs, with 78 versus Pepperstone’s 65. Neither broker offers direct share dealing on U.S. or international stock exchanges, and neither lets clients buy actual, delivered cryptocurrency. Both do offer cryptocurrency CFDs, and Pepperstone also stands out by offering copy trading, which Exness does not.
In ForexBrokers.com’s Range of Investments category, Pepperstone is rated 4 out of 5 stars and ranks #23 out of 36 brokers, while Exness is rated 3.5 out of 5 stars and ranks #34. For traders looking for the broader selection of markets and instruments, Pepperstone has the edge, while Exness may appeal more to those who want a slightly larger list of 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, news from top sources like Bloomberg and Reuters, and an economic calendar that helps track major global events. Pepperstone also stands out with Autochartist tools and a sentiment indicator that shows whether more traders are buying or selling a pair, while Exness includes Trading Central research instead. Neither broker offers TipRanks or Acuity Trading tools.
Overall, Pepperstone appears to offer a stronger research package. It is rated 4.5 out of 5 for Research and is ranked #13 out of 36 brokers by ForexBrokers.com, compared with Exness at 3.5 stars and #31. For traders who want more built-in analysis tools and a wider set of market insight features, Pepperstone has the edge.
| 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 | $0 | $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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