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 comparing commissions and fees between Pepperstone and Exness, Pepperstone stands out for its competitive pricing on the Razor account, especially when paired with its Active Trader program. This program is highly beneficial for high-volume traders, offering rebates on spreads based on trading volume. With a 4.5-star rating and ranked 10th among 62 brokers by ForexBrokers.com, Pepperstone offers a Razor account that features an average spread of 0.10 pips for EUR/USD, with an all-in cost of 0.80 pips after adding the commission. The Standard account, however, charges higher spreads at an average of 1.1 pips, making it a pricier option compared to the Razor account.
Exness provides a diverse range of account types, with both standard and professional options to cater to different trading preferences. The broker’s five main accounts range from commission-free standard accounts to commission-based professional accounts offering lower spreads. The Zero Spread account imposes a $0.05 commission per trade, while the Raw account charges up to $7 per round turn lot, featuring minimal spreads. Exness, with a 4-star rating and ranked 35th in the Commissions and Fees category by ForexBrokers.com, allows for flexible execution styles, accommodating both instant and market executions.
In summary, while both Pepperstone and Exness offer a variety of account types, Pepperstone edges out with its more favorable commission structure for high-volume traders and overall ranking in commissions and fees. Both brokers present unique benefits, but Pepperstone’s Razor account and its offerings for active traders make it particularly appealing, especially for those seeking lower all-in trading costs.
| 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.
Pepperstone and Exness cater to those interested in trading various financial instruments, including forex. Both platforms offer forex trading through Contracts for Difference (CFDs) or spot contracts. Pepperstone provides access to a broad spectrum of 1,726 tradeable symbols and 65 forex pairs. Although Exness offers a more limited range with 227 tradeable symbols, it provides a wider selection of 96 forex pairs. Neither broker offers the opportunity to buy exchange-traded securities on U.S. or international exchanges directly, nor do they provide options to purchase actual cryptocurrencies, though both support trading cryptocurrency derivatives.
When comparing their investment offerings, Pepperstone stands out slightly with a higher rating of 4 stars for its range of investments as opposed to Exness' 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, where Pepperstone holds the 26th position out of 62 brokers, while Exness is positioned at 55. Both brokers support copy trading, allowing users to replicate the trades of experienced investors, enhancing their trading experience.
| 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.
Pepperstone and Exness both provide a variety of trading platforms and tools designed to fit the needs of traders of all experience levels. Both brokers offer simulated trading with free virtual demo accounts and proprietary platforms that have been developed in-house. They also have Windows-based desktop download platforms as well as web-based trading platforms for those who prefer to trade through browsers. Additionally, both brokers support copy trading and provide access to the popular MetaTrader 4 and MetaTrader 5 platforms. However, only Pepperstone offers the DupliTrade platform, providing an extra option for traders interested in more social trading features.
When it comes to charting tools, Pepperstone and Exness offer the ability to trade directly from stock charts, ensuring a seamless trading experience. While Pepperstone provides 30 drawing tools, Exness offers a more extensive selection with 87 tools, catering to those who prefer more options for technical analysis. Watch lists are customizable with 7 columns in both platforms, allowing for personalized monitoring of trading instruments. Both brokers receive a 4-star rating for their trading platforms and tools, though Pepperstone holds a slightly higher rank at #22 compared to Exness's #26 out of 62 brokers evaluated by ForexBrokers.com.
| 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.
Pepperstone and Exness both provide excellent mobile trading experiences, offering apps for both iPhone and Android devices. Traders can receive stock or forex price alerts on both platforms, enabling timely market decisions. The apps allow users to draw trendlines and view charts over multiple time frames, such as daily, weekly, or intraday. Pepperstone excels with features like watchlist symbol syncing, where changes are synchronized between the mobile app and the online account, allowing for seamless transitions. Unfortunately, this feature is unavailable with Exness, potentially complicating watchlist updates across devices.
While both brokers offer watchlists with real-time quotes, Pepperstone's app automatically saves drawing annotations on charts, an advantage that Exness lacks. Exness counters with a broader range of charting technical studies, offering 35 compared to Pepperstone's 30. In terms of feedback from ForexBrokers.com, Pepperstone ranks higher in the Mobile Trading Apps category, at #21 out of 62 brokers, whereas Exness sits at #26. Both apps enjoy solid ratings of four out of five stars, demonstrating their reliability and user satisfaction for trading enthusiasts.
| 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 are both online brokers that offer a variety of market research tools and resources to their users. Both platforms provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, when it comes to research tools, Pepperstone features Autochartist for technical analysis, while Exness offers resources from Trading Central. Both brokers provide sentiment-based trading tools and maintain an economic calendar to track international economic events. Neither Pepperstone nor Exness offers market research from TipRanks or Acuity Trading.
In terms of overall research quality, Pepperstone is more highly regarded, receiving a rating of 4.5 stars and ranking #12 out of 62 brokers on ForexBrokers.com. Exness, on the other hand, receives a rating of 3.5 stars and is ranked #41 in the same category. This suggests that while both brokers provide valuable resources, Pepperstone stands out for its comprehensive offerings and user satisfaction in market research.
| 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.
For beginners eager to delve into forex and CFDs, both Pepperstone and Exness offer comprehensive educational resources, though they differ in several aspects. Pepperstone provides a wealth of educational materials, including more than 10 articles and videos focused solely on forex and CFDs, and also hosts monthly online webinars that can be highly beneficial for learners. Moreover, Pepperstone maintains an accessible archive of past webinars and delivers over 10 beginner-friendly videos, alongside advanced content aimed at seasoned traders. Their educational suite is further enhanced with an investor dictionary containing over 50 investing terms, helping to build foundational knowledge for new traders. With a commendable education rating of 4.5 out of 5 stars, Pepperstone stands at the 18th spot in education rankings among 62 brokers reviewed by ForexBrokers.com.
Exness, on the other hand, also commits to educating its clients by offering more than 10 pieces of educational content on forex and CFDs. However, the absence of monthly client webinars may impede continuous learning opportunities compared to Pepperstone. Exness does provide access to a searchable archive of past educational webinars and more than 10 beginner-targeted videos, although it falls short with its advanced trading content. Like Pepperstone, Exness offers an investor dictionary with definitions for over 50 terms, aiding beginners in understanding the trading landscape better. Despite these offerings, Exness holds an education rating of 3.5 stars, ranking 47th among 62 brokers in the ForexBrokers.com review, reflecting the gap in opportunities for advanced learning and ongoing interactive educational webinars.
| 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 62 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
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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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