Dive into our comprehensive comparison of Pepperstone and Exness. We cover everything from trading costs and platforms to account types and customer service, helping you make an informed decision.
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Our full comparison covers the 10 most important trading factors to help you make an informed decision between Pepperstone and Exness.
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.
1. Standard Account Spreads
Pepperstone offers competitive spreads on its standard account, with an average spread of 1.46 pips for major currency pairs like EUR/USD. On the other hand, Exness offers slightly higher spreads, starting from 1.3 pips for the same currency pair. 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.
| Broker | Average Spread |
|---|---|
| Pepperstone | 1.46 pips |
| Exness | 1.3 pips |
2. RAW Account Spreads
For traders who prefer raw spreads, Pepperstone’s Razor account offers spreads from 0.0-0.3 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.
3. Commission Rates
Pepperstone charges a commission of $7 per lot round turn on its Razor account. Exness charges a slightly lower commission of $6 on its Pro account. The commission rates are based on Per Side (USD) and Round Turn (USD) amounts.
4. Deposit & Withdrawal Fees
Both Pepperstone and Exness offer free deposits and withdrawals, which is a significant advantage for traders who frequently move money in and out of their trading accounts.
5. Other Fees
Neither Pepperstone nor Exness charges inactivity fees, which is a plus for traders who may not trade frequently.
Verdict: When it comes to trading costs, Pepperstone has a slight edge due to its lower spreads and competitive commission rates. You can check out our Lowest Commission Brokers for more information.
| Criteria | Pepperstone | Exness |
|---|---|---|
| Standard Account Spreads | 1.46 pips | 1.3 pips |
| RAW Account Spreads | 0.0-0.3 pips | 0.1 pips |
| Commission Rates | $7 per lot RT | $6 per lot RT |
| Deposit & Withdrawal Fees | Free | Free |
| Other Fees | No inactivity fees | No inactivity fees |
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Trading platforms are the gateway to the markets for traders. Let’s see what Pepperstone and Exness have to offer.
1. MetaTrader 4 and 5
Both Pepperstone and Exness offer MetaTrader 4 and 5, the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, automated trading capabilities, and customisable interfaces.
2. cTrader and TradingView
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.
3. Social And Copy Trading
Both brokers offer social and copy trading features. Pepperstone offers copy trading through Myfxbook and ZuluTrade, while Exness offers it through its own proprietary platform, Exness Social Trading.
4. VPS and Other Trading Tools
Pepperstone offers a free Virtual Private Server (VPS) to its clients, which allows for faster execution speeds and minimises the chance of slippage. Exness does not offer a VPS service but provides a range of other trading tools, including an economic calendar and trading calculators.
Verdict: Both brokers offer a comprehensive range of trading platforms and tools, but Pepperstone has a slight edge due to its offering of cTrader and a free VPS service.
| Criteria | Pepperstone | Exness |
|---|---|---|
| MetaTrader 4 and 5 | Yes | Yes |
| cTrader and TradingView | cTrader | TradingView |
| Social And Copy Trading | Myfxbook, ZuluTrade | Exness Social Trading |
| VPS and Other Trading Tools | Free VPS | Economic calendar, trading calculators |
Both Pepperstone and Exness offer a variety of account types to cater to different trading needs and styles.
1. Pepperstone
Pepperstone offers two main types of accounts: the Standard Account and the Razor Account. The Standard Account offers no commissions and higher spreads, while the Razor Account offers lower spreads and a commission per trade. Pepperstone also offers a demo account for beginners to practice their trading skills.
2. Exness
Exness offers four types of accounts: the Standard Account, the Pro Account, the Zero Account, and the Raw Spread Account. The Standard Account offers no commissions and higher spreads, while the other accounts offer lower spreads and a commission per trade. Exness also offers a demo account for beginners.
Verdict: Both brokers offer a variety of account types to cater to different trading needs, but Exness offers more options.
| Criteria | Pepperstone | Exness |
|---|---|---|
| Account Types | Standard, Razor | Standard, Pro, Zero, Raw Spread |
The trading environment can significantly impact a trader’s experience and profitability. Let’s compare the trading environments of Pepperstone and Exness.
Pepperstone offers a superior trading environment with its ultra-low latency and high execution speed. Our research shows that Pepperstone’s execution speed is among the fastest in the industry, which can significantly reduce slippage and improve trading performance. You can check out our research on execution speeds for more information.
Exness also offers a robust trading environment with its flexible leverage and diverse account types. However, it does not match Pepperstone’s execution speed and low latency.
Verdict: When it comes to the trading environment, Pepperstone has a clear advantage due to its ultra-low latency and high execution speed.
| Criteria | Pepperstone | Exness |
|---|---|---|
| Execution Speed | Ultra-fast | Average |
| Latency | Low | Average |
Pepperstone Trust Score
Exness Trust Score
Trust and regulation are crucial factors when choosing a broker. Pepperstone is regulated by several top-tier regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA). On the other hand, Exness is regulated by the Cyprus Securities Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Financial Services Authority (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) |
Verdict: Both brokers are well-regulated, but Pepperstone has a slight edge due to its regulation by multiple top-tier regulatory bodies.
When it comes to trading, the range of products and markets available can make a significant difference in your trading experience. Both Pepperstone and Exness offer a variety of CFDs and markets, but there are some key differences.
Pepperstone offers a broad range of markets, including Forex, Indices, Commodities, and Cryptocurrencies. Exness, on the other hand, also provides a wide array of options but excels in the number of Cryptocurrency CFDs available.
Here’s a table comparing the range of CFDs, products, and markets available:
| Product/Market | Pepperstone | Exness |
|---|---|---|
| Forex | Yes | Yes |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Cryptocurrencies | 12+ | 34+ |
| Shares | Yes | No |
| Metals | Yes | Yes |
| Energies | Yes | Yes |
| Bonds | Yes | No |
| ETFs | No | Yes |
| Options | No | Yes |
| Futures | No | Yes |
Verdict: While both brokers offer a comprehensive range of products and markets, Exness takes the lead with a greater variety of Cryptocurrency CFDs and additional offerings like Options and Futures.
Education is a crucial aspect of trading, especially for beginners. Both Pepperstone and Exness offer a range of educational resources to help traders at all levels. However, the depth and breadth of these resources vary between the two brokers.
Pepperstone provides:
Exness offers:
Verdict: Based on our own testing, it appears that both brokers offer robust educational resources. However, Pepperstone takes the lead with a more comprehensive set of tools and 24/7 customer service.
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.
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.
Here’s a table comparing the key customer service features of each broker:
| Feature | Pepperstone | Exness |
|---|---|---|
| Support Availability | 24/7 | 24/5 |
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Multilingual Support | Yes | Yes |
| Educational Resources | Yes | Yes |
Verdict: Based on our own testing, Pepperstone offers superior customer service with 24/7 availability, making it more accessible for traders across different time zones.
Funding options are a critical consideration for traders, as they determine how easily you can deposit and withdraw funds from your trading account. Pepperstone offers a wide range of funding options, including bank transfers, credit/debit cards, and several e-wallets like PayPal and Skrill. The broker also offers free deposits and withdrawals, which is a significant advantage for traders.
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.
Here’s a table comparing the funding options available:
| Funding Option | Pepperstone | Exness |
|---|---|---|
| Bank Transfer | ✓ | ✓ |
| Credit/Debit Card | ✓ | ✓ |
| PayPal | ✓ | ✗ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| WebMoney | ✗ | ✓ |
| Bitcoin | ✗ | ✓ |
| UnionPay | ✓ | ✓ |
| FasaPay | ✓ | ✓ |
| Perfect Money | ✗ | ✓ |
Verdict: While both brokers offer a variety of funding options, Pepperstone has the edge with free deposits and withdrawals across a broader range of methods.
The minimum deposit requirement is often a crucial factor for traders, especially those who are new to the market or prefer to start with a smaller investment. 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 | Standard Account | Other Accounts |
|---|---|---|
| Pepperstone | $0 | Razor – $0 |
| Exness | $0 | RAW, Zero, Pro – $200 |
Verdict: Pepperstone offers a lower minimum deposit across all its account types, making it more accessible for traders with varying investment capacities.
Pepperstone is the winner 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.
| Criteria | Pepperstone | Exness |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ❌ |
| Better Trading Platform | ✅ | ❌ |
| Superior Accounts And Features | ❌ | ✅ |
| Best Trading Experience And Ease | ✅ | ❌ |
| Stronger Trust And Regulation | ✅ | ❌ |
| Top Product Range And CFD Markets | ❌ | ✅ |
| Superior Educational Resources | ✅ | ❌ |
| Superior Customer Service | ✅ | ❌ |
| Better Funding Options | ✅ | ❌ |
| Lower Minimum Deposit | ✅ | ❌ |
Pepperstone is better suited for beginner traders due to its comprehensive educational resources and lower minimum deposit requirements.
Pepperstone is also more suitable for experienced traders because of its advanced trading platforms and superior customer service.
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.
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.
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.
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.
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.
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.
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.