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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Pepperstone and Exness, while both being reputable brokers, differ in several aspects. Pepperstone is known for its low-cost trading and advanced trading platforms, while Exness is renowned for its flexible leverage and diverse account types. The main differences lie in their trading costs, platform offerings, regulatory oversight, and customer service.
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.
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 |
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.
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.
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.
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 low commission forex 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 |
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.
Verdict: Both brokers are well-regulated, but Pepperstone has a slight edge due to its regulation by multiple top-tier regulatory bodies.
| Broker | Regulators |
|---|---|
| Pepperstone | ASIC, FCA, CySEC, DFSA |
| Exness | CySEC, FCA, FSA |
Trading platforms are the gateway to the markets for traders. Let’s see what Pepperstone and Exness have to offer.
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 interface.
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.
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.
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 |
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 |
Both Pepperstone and Exness offer a variety of account types to cater to different trading needs and styles.
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.
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 |
There are other factors to consider when choosing a broker, such as customer service, educational resources, and research tools.
Both Pepperstone and Exness offer excellent customer service, with live chat, email, and phone support. However, Pepperstone’s customer service is available 24/7, while Exness’s customer service is available 24/5.
Both brokers offer a wealth of educational resources, including webinars, tutorials, and articles. Pepperstone also offers a free trading guide for beginners, while Exness offers a comprehensive education center with courses for traders of all levels.
Pepperstone offers a range of research tools, including Autochartist, Smart Trader Tools, and API Trading. Exness, on the other hand, offers Trading Central, WebTV, and a range of other research tools.
Verdict: Both brokers offer excellent customer service, educational resources, and research tools, but Pepperstone has a slight edge due to its 24/7 customer service and comprehensive research tools.
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| Criteria | Pepperstone | Exness |
|---|---|---|
| Customer Service | 24/7 | 24/5 |
| Educational Resources | Yes | Yes |
| Research Tools | Autochartist, Smart Trader Tools, API Trading | Trading Central, WebTV |
