Pepperstone vs Exness 2025
In our comprehensive review of Pepperstone and Exness, we will explore a range of enticing offers and features that traders can leverage in their trading endeavors. These elements are vital for traders’ success. Let’s explore these features and identify the top broker for each aspect. Continue reading for a detailed analysis.
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*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Our full comparison covers the 10 most important trading factors to help you make an informed decision between Pepperstone and Exness.
- Pepperstone is regulated by multiple top-tier bodies, while Exness has fewer regulators.
- Pepperstone offers both MetaTrader and cTrader platforms, whereas Exness doesn’t offer cTrader.
- Pepperstone charges a commission of $7 per lot on its Razor account, slightly higher than Exness’s $6 on its Pro account.
- Exness offers an excellent number of Cryptocurrency CFDs available
- Exness provides a wider variety of account types compared to Pepperstone’s two main options.
- Both brokers offer free deposits and withdrawals, but only Pepperstone provides a free Virtual Private Server (VPS).
1. Lowest Spreads And Fees – Pepperstone
Spreads
Low spreads and fees play a crucial role in forex trading by offering cost-effective options for traders. Narrow spreads result in lower transaction costs, which significantly benefits high-frequency traders. Competitive fees from brokers attract more clients, increasing trading volumes and revenue. This benefits traders and brokers, enhancing their experience and profitability. Let’s explore these features and analyze various broker offerings.
Trading costs can significantly impact your profitability, especially if you’re a high-volume trader. Let’s compare the trading costs of Pepperstone and Exness.
| Standard Account | Pepperstone Spreads | Exness Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.35 | 1.34 | 1.6 |
| EUR/USD | 1.1 | 0.9 | 1.2 |
| USD/JPY | 1.3 | 1 | 1.4 |
| GBP/USD | 1.3 | 1.1 | 1.6 |
| AUD/USD | 1.2 | 0.9 | 1.5 |
| USD/CAD | 1.4 | 1.5 | 1.8 |
| EUR/GBP | 1.2 | 1.4 | 1.5 |
| EUR/JPY | 1.8 | 2 | 1.9 |
| AUD/JPY | 1.5 | 1.9 | 2.1 |
In this comparison, we observe that Pepperstone’s offerings are slightly higher than Exness. For instance, Pepperstone’s EUR/USD spread is 1.1, while Exness offers 0.9. Similarly, Pepperstone’s AUD/USD spread is 1.2, compared to Exness’ 0.9. The industry average spreads for these currencies are 1.2 and 1.5, respectively, which are still below these rates. Overall, Pepperstone’s average spread is 1.35, while Exness stands at 1.34, both of which are nearly tied and remain below the industry average spread of 1.6.
Commission Levels
In this section, we see that both brokers are competitive, in regard to their commission offers. Both Pepperstone and Exness offers a $3.50 rate which are reasonable compared to other brokers and according to the industry average rate. The minimum deposit requirement is where these two brokers truly differ. Pepperstone has a $0 minimum deposit, whereas Exness requires a $200 minimum. However, it’s worth noting that Pepperstone also recommends a deposit of $200 for optimal trading conditions. in which it is still a reasonable rate and aligns with the average industry rate for forex trading. With this move, it provides accessibility for new traders while ensuring they have enough capital to start trading effectively.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| Pepperstone | $3.50 | $3.50 | £2.25 | €2.60 |
| Exness | $3.50 | N/A | N/A | N/A |
Note: Pepperstone commissions $7 per lot on its Razor account, while Exness charges $6 on its Pro account, and neither broker charges inactivity fees, which is a plus for traders who may not trade frequently.
Standard Account Fees
Pepperstone offers competitive spreads on its standard account, with an average spread of 1.10 pips for major currency pairs like EUR/USD. On the other hand, Exness offers an average spread of, 1.00 pips for the same currency pair. And for AUD/USD, both have 1.20 over 1.40 accordingly. In this analysis of currency rates, it’s evident that the first currency is valued lower than the second, highlighting the significant differences between various currencies. This disparity is a crucial factor that traders need to pay attention to when engaging in trading activities. Remember that tight spreads are crucial for traders as they reduce the cost of trading and potentially increase profits. You can check out our unique research on standard account spreads for more information.
|
Standard Account Spreads
|
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|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.40 | 1.40 | 1.40 |
|
1.00 | 1.40 | 1.60 | 1.20 | 1.10 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Note: For traders who prefer raw spreads, Pepperstone’s Razor account offers spreads from 0.0-0.2 pips on EUR/USD, plus a commission. Exness, on the other hand, offers spreads from 0.1 pips on its Pro account, also with a commission. For more detailed information, you can refer to our exclusive research on tightest spreads.
Our Lowest Spreads and Fees Verdict
In this section, we can definitely see that when it comes to trading costs, Pepperstone ranks highest in light of their lowest spreads and fees, and their commission rates are truly competitive. You can check out our Lowest Commission Brokers for more information.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
2. Better Trading Platform – Pepperstone
This review researches further into how a superior trading platform in the forex market enhances the trading experience through its user-friendly interface, customizable functionalities, and strong security protocols. It offers advanced charting tools and real-time market data, ensuring rapid execution speeds for trades. Also, the platform enables automated and social trading, offering a variety of financial instruments that help traders make informed decisions and execute trades efficiently.
Trading platforms are the gateway to the markets for traders. Let’s see what Pepperstone and Exness have to offer.
| Trading Platform | Pepperstone | Exness |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
Metatrader
In forex trading terms, both Pepperstone and Exness provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry’s leading platforms. MT4 and MT5 are renowned for their sophisticated charting tools, real-time market data, and automated trading features, making them indispensable for traders. These platforms support Expert Advisors (EAs) for automated trading, allowing traders to execute strategies with precision. Additionally, their customizable interfaces cater to individual trading preferences, enhancing the overall trading experience. By offering MT4 and MT5, both Pepperstone and Exness ensure traders have the best tools at their disposal for successful trading.
Advanced Platforms
Pepperstone offers cTrader, a platform known for its intuitive interface and advanced order capabilities. Exness, on the other hand, does not offer cTrader but provides TradingView charts, which are known for their advanced technical analysis tools.
Copy Trading
In this topic, we can see that both Pepperstone and Exness provide robust social and copy trading features, catering to traders seeking to replicate successful strategies. Pepperstone offers copy trading through Myfxbook and ZuluTrade, allowing traders to follow and copy the trades of experienced professionals. On the other hand, Exness provides its own proprietary platform, Exness Social Trading, which offers a seamless and user-friendly experience for copy trading. These platforms enable traders to leverage the expertise of seasoned traders, enhancing their trading strategies and potentially increasing profitability.
Take note: In this case, we can see that Pepperstone provides a free Virtual Private Server (VPS) to its clients, enhancing trading efficiency by offering faster execution speeds and minimizing the risk of slippage. This feature is particularly beneficial for traders using automated strategies, ensuring their trades are executed promptly. On the other hand, Exness does not offer a VPS service but compensates with a variety of other trading tools. These include an economic calendar, which helps traders stay updated on key market events, and trading calculators, which assist in risk management and strategy planning. Both brokers cater to different trader needs, with Pepperstone focusing on execution speed and Exness on comprehensive trading tools.
Our Trading Platform Verdict
Evidently, Pepperstone takes the crown here owing to their better trading platform, as well as their offering of cTrader and a free VPS service.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
3. Superior Accounts And Features – Pepperstone
In this section, we’ll study deeper into superior accounts and their outstanding features, highlighting how they cater to the specific needs of traders. These accounts offer competitive spreads, low commissions, and cutting-edge trading tools, ensuring an optimal trading environment. They often offer demo accounts, swap-free options, and a wide range of financial instruments. Features like social trading, automated trading, and excellent customer support enhance the trading experience, fostering client satisfaction and loyalty. In here, we can clearly see that both Pepperstone and Exness offer a variety of account types to cater to different trading needs and styles.
1. Pepperstone
Pepperstone has two account types: the Standard Account with no commissions and higher spreads, and the Razor Account with lower spreads and trade commissions. A demo account is also available for beginners.
2. Exness
Exness provides four account types: Standard (no commissions, higher spreads), Pro, Zero, and Raw Spread (lower spreads with commission). A demo account is available for beginners.
| Pepperstone | Exness | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | No |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | Yes | No |
Our Superior Accounts and Features Verdict
Our team’s perpective on this matter is that both brokers offer a variety of account types to cater to different trading needs, but Pepperstone outperforms the challenger in this portion thanks to their superior accounts and feature.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
4. Best Trading Experience And Ease – Pepperstone
Having the best trading experience and ease from brokers in forex trading is truly a gem. These features come from a combination of advanced trading platforms, efficient execution speeds, competitive spreads, and robust customer support. These elements help traders make informed decisions, execute trades, and manage accounts effectively. A user-friendly interface, educational resources, and diverse trading tools enhance the trading experience, making it more enjoyable and profitable.
The trading environment can significantly impact a trader’s experience and profitability. Let’s compare the trading environments of Pepperstone and Exness.
For Pepperstone, this broker provides a superior trading environment with ultra-low latency and high execution speed, leading to reduced slippage and improved trading performance. Check our research for more details.
On the other hand, Exness provides a strong trading environment with flexible leverage and various account types, but it lacks the execution speed and low latency of Pepperstone.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| Pepperstone | 77ms | 2/36 | 100ms | 10/36 |
| Exness | 92ms | 10/36 | 88ms | 3/36 |
Our Best Trading Experience and Ease Verdict
When it comes to the trading environment, Pepperstone has a clear advantage due to its ultra-low latency and high execution speed. It’s evident that our team believes Pepperstone has outshined the competition, claiming the top spot with its unparalleled trading experience and seamless usability.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
5. Stronger Trust And Regulation – Pepperstone
In the forex trading industry, every trader seeks a broker that embodies strong trust and regulation. This assurance is essential for ensuring a secure and transparent trading environment. Traders are sure enough that regulated brokers follow strict standards, protecting traders and fostering confidence, which encourages more investment. Trustworthy brokers with oversight attract more clients, boosting their reputation.
Pepperstone Trust Score
Exness Trust Score
We consistently emphasize the importance of trust and regulation for traders, as these are essential elements in selecting a credible and dependable broker. Pepperstone is regulated by top-tier bodies like ASIC, FCA, CySEC, and DFSA, while Exness is regulated by CySEC, FCA, and FSA in Seychelles.
| Pepperstone | Exness | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) BaFin (Germany) CYSEC (Cyprus) | CYSEC (Cyprus) FCA (UK) |
| Tier 2 Regulation | DFSA (Dubai) | |
| Tier 3 Regulation | SCB (Bahamas) CMA (Kenya) | FSC-BVI CBSC (Saint Maaten) CMA (Kenya) FSCA (South Africa) FSA-S (Seychelles) FSC-M (Mauritius) |
Our Stronger Trust and Regulation Verdict
Evidently, we can see that both brokers are well-regulated, but due to regulation by multiple top-tier regulatory bodies, Pepperstone excels more in this portion thanks to their stronger trust and regulation.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
6. Top Product Range And CFD Markets – Exness
Brokers offering a wide range of top product range and extensive CFD markets are truly gold in the business of forex trading. These features allow traders to diversify their portfolios and capitalize on various market conditions.Brokers with diverse financial instruments, including forex, commodities, indices, and cryptocurrencies, offer traders more profit opportunities, enhancing the trading experience and adaptability to various strategies.
The wide range of products and markets in trading can profoundly impact your overall experience. While both Pepperstone and Exness provide a diverse selection of CFDs and markets, there are notable differences between the two.
Pepperstone presents an extensive selection of markets, encompassing Forex, Indices, Commodities, and Cryptocurrencies. In contrast, Exness also offers a diverse range of options but particularly stands out with its impressive variety of Cryptocurrency CFDs.
Here’s a table comparing the range of CFDs, products, and markets available:
| CFDs | Pepperstone | Exness |
|---|---|---|
| Forex Pairs | 93 | 96 |
| Indices | 26 | 10 |
| Commodities | 29 Commodities 4 Metals, 4 Energies, 16 Softs, 5 Hard | 10 Metals 3 Energies |
| Cryptocurrencies | 27 | 34 |
| Share CFDs | 1,200+ | 98 |
| ETFs | 108+ | No |
| Bonds | No | No |
| Futures | 42 Futures | No |
| Treasuries | No | No |
| Investments | No | No |
Our Top Product Range and CFD Markets Verdict
Clearly, we can see here that while both brokers offer a comprehensive range of products and markets, Exness truly takes the lead in light of their top product range and CFD markets.
7. Superior Educational Resources – Pepperstone
It is truly vital for brokers to include Superior educational resources in forex trading. This extra feature provides traders with comprehensive learning materials in forex trading, including webinars, articles, video tutorials, and structured courses. These resources provide traders with the knowledge and skills for informed decisions, improved strategies, and confident market navigation, promoting continuous learning for long-term success.
Education plays a vital role in trading, particularly for newcomers to the field. Both Pepperstone and Exness provide a variety of educational materials designed to support traders of all experience levels. Nonetheless, the scope and quality of these resources differ between the two brokers.
Pepperstone provides:
- Webinars covering various trading topics.
- A free trading guide for beginners.
- Articles on trading strategies and market analysis.
- Tutorials on how to use trading platforms.
- 24/7 customer service for immediate assistance.
- Autochartist and Smart Trader Tools for research.
Exness offers:
- Comprehensive education centre with courses for traders of all levels.
- Webinars and video tutorials.
- Articles on market analysis and trading psychology.
- Trading calculators and economic calendars.
- 24/5 customer service for queries.
- Exness Social Trading for copy trading.
Our Superior Educational Resources Verdict
Based on our team’s research and testing, it appears that both brokers offer robust educational resources. However, Pepperstone takes the lead, this is in light of their superior educational resources.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
8. Superior Customer Service – Tie
Exceptional customer service in forex trading is essential for both novice and experienced traders alike. It plays a fundamental role by providing timely support and guidance, creating a seamless and confident trading experience.24/7 responsive live chat, phone, and email support, along with multilingual assistance, ensure prompt help for traders, enhancing satisfaction and trust in the broker.
Customer service is an essential aspect of any broker’s offering, and both Pepperstone and Exness have invested in this area. Pepperstone provides 24/7 customer support, which is a significant advantage for traders who operate in different time zones. They offer multiple channels for support, including live chat, email, and phone.
| Feature | Pepperstone | Exness |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/7 |
| Multilingual Support | Yes | Yes |
Exness, on the other hand, offers 24/5 customer support. While they also provide multiple channels for communication, their support is not available during the weekends. This could be a limiting factor for traders who prefer to trade or seek assistance outside regular business hours.
Our Superior Customer Service Verdict
Through our dedicated team’s study and testing, Pepperstone stand out in this section in light of their superior customer service. Thanks to their 24/7 availability, making it more accessible for traders across different time zones.
9. Better Funding Options – Pepperstone
Forex trading has some brilliant funding options that make life easier for traders. We have a wide range of remarkable methods to choose from, like bank transfers, credit/debit cards, and digital wallets like PayPal, Skrill, and Neteller. Traders can use cryptocurrencies if a trader prefers this, and they don’t charge us much, or sometimes nothing at all! Traders can keep their accounts in check, deposit and withdraw funds whenever they want, and enjoy trading with ease.
Exness also provides multiple funding options but has a focus on e-wallets and online payment systems. While they also offer free deposits, some withdrawal methods may incur fees. This could be a deciding factor for traders who frequently move funds in and out of their accounts. Remember that funding options are crucial for traders, impacting deposit and withdrawal ease.
On the other hand, Pepperstone provides various methods, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill, with free deposits and withdrawals, benefiting traders.
Here’s a table comparing the funding options available:
| Funding Option | Pepperstone | Exness |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | No |
| Klarna | No | No |
Our Better Funding Options Verdict
We can assume that while both brokers offer a variety of funding options, Pepperstone dominates this category as a consequence to their better funding option.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
10. Lower Minimum Deposit – Pepperstone
A lower minimum deposit in forex trading is vital for new traders and those with limited capital, making the market more accessible. It lowers financial barriers and encourages participation, allowing traders to gain experience without significant upfront costs.
Pepperstone offers a $0 minimum deposit for both its Standard and Razor accounts, making it highly accessible for traders of all levels. This low barrier to entry allows traders to test the platform and trading conditions without a significant financial commitment.
Exness also offers a $0 minimum deposit for its Standard account, but its other account types, such as RAW, Zero, and Pro, require a minimum deposit of $200. This could be a limiting factor for traders who are interested in these specific account types but are not willing to commit a larger sum upfront.
Here’s a table comparing the minimum deposit amounts:
| Broker | Minimum Deposit | Recommended Deposit |
|---|---|---|
| Pepperstone | $0 | $200 |
| Exness | $200 | - |
Our Lower Minimum Deposit Verdict
Finally, our team can surmise that Pepperstone emerges as triumphant in this category this is in consequence of their lower minimum deposit across all its account types, making it more accessible for traders with varying investment capacities.
Pepperstone ReviewVisit Pepperstone
*Your capital is at risk ‘75.9% of retail CFD accounts lose money’
Our Final Verdict On Which Broker Is The Best: Exness or Pepperstone?
Pepperstone ranks highest in our review because it outperforms Exness in a majority of key areas, such as spreads and fees, trading platforms, customer service, and educational resources. The table below summarises the key information leading to this verdict.
| Categories | Pepperstone | Exness |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | Yes | No |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | Yes | Yes |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | Yes | No |
Best For Beginner Traders
Pepperstone is better suited for beginner traders due to its comprehensive educational resources and lower minimum deposit requirements.
Best For Experienced Traders
Pepperstone is also more suitable for experienced traders because of its advanced trading platforms and superior customer service.
FAQs Comparing Pepperstone Vs Exness
Does Exness or Pepperstone Have Lower Costs?
Pepperstone has lower costs when it comes to spreads and fees. They offer competitive spreads starting as low as 0.0 pips on their Razor account. For more in-depth information on low-cost brokers, you can visit this comprehensive list of Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Pepperstone is the better choice for MetaTrader 4 users. They offer advanced tools and features to enhance the MT4 trading experience. For a detailed comparison of MT4 brokers, check out this list of the best MT4 brokers.
Which Broker Offers Social Trading?
Exness offers social trading through their Exness Social Trading platform. This feature allows traders to copy the strategies of successful traders. For more options on social trading platforms, you can explore this guide on the best social trading platforms.
Does Either Broker Offer Spread Betting?
Neither Pepperstone nor Exness offers spread betting. If you’re specifically interested in spread betting, you might want to look elsewhere. For a list of brokers that do offer this service, you can check out this best spread betting brokers guide.
What Broker is Superior For Australian Forex Traders?
In my opinion, Pepperstone is the superior choice for Australian Forex traders. They are ASIC-regulated and were founded in Australia, providing a sense of trust and local expertise. For more information on Australian Forex brokers, you can visit this comprehensive Best Forex Brokers In Australia guide.
What Broker is Superior For UK Forex Traders?
I believe Pepperstone is also the better option for UK Forex traders. They are FCA-regulated, although they were originally founded in Australia. Their strong regulatory framework and customer service make them a reliable choice. For a detailed comparison, you can explore this list of top UK Forex brokers.
Other Pepperstone and Exness Broker Comprisons
Ask an Expert
Can I withdraw from Exness without verification?
This will depend on the withdrawal methods you use but most withdrawal methods will require verification and unverified account may also have withdrawal limits. This done for KYC and security reasons.
Which bank does Exness use?
The bank your funds are kept in with Exness will depend on which Exness subsidiary you sign up with but all accounts are segregated meaning your funds are safe