Pepperstone vs Exness
Choosing between Pepperstone and Exness for your trading account? This broker comparison between Pepperstone and Exness reviews regulation and safety, pricing and spreads, execution and platforms, product range, research and education, as well as funding methods and support, presented side by side to help you identify the better overall fit.
Who is Pepperstone?
Pepperstone is an online brokerage founded in 2010 in Melbourne, Australia, specializing in forex and CFD trading. Built to deliver fast execution, competitive pricing, and a streamlined platform experience, it has expanded into a globally recognized broker serving clients across multiple regions under robust regulatory oversight. The official website is www.pepperstone.com.
The minimum deposit required to open an account with Pepperstone is $0.
Who is Exness?
Exness, founded in 2008, is a global forex and CFD broker recognized for tight pricing, fast execution, and transparent trading conditions. It offers access to multiple account options, and though they don't accept UK and EEA retail clients, they serve a broad international client base. The official website of Exness is www.exness.com.
The minimum deposit required to start trading with Exness is $10.
Pepperstone vs Exness Side-by-Side Comparison
Pepperstone, established in 2010, is regulated by the ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai, UAE), CMA (Kenya) and SCB (Bahamas). The broker maintains local offices in Melbourne, London, Düsseldorf, Dubai, Limassol, Nassau and Nairobi and supports a multi-platform setup with MT4, MT5, cTrader, TradingView and Pepperstone App.
The minimum deposit to start trading is set at $0, with account base currencies available in USD, EUR, GBP, CAD, CHF, NZD, SGD, HKD, AUD and JPY. The brokerage follows A-Book / ECN / No-dealing-desk model. Traders can mirror strategies and trades of other traders through CopyTrading by Pepperstone, DupliTrade, cTrader Copy, Signal Start and fund accounts using credit & debit cards (Visa/Mastercard), bank transfers, e-wallets (PayPal, Neteller, Skrill), Apple Pay, Google Pay, UnionPay and crypto.
In comparison, Exness, founded in 2008, is licensed by the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom) and operates local offices in Limassol, London, Cape Town, Amman, Providence, Willemstad and Road Town. Its platform offering includes MT4, MT5 and Exness terminal.
The minimum deposit is $10, and account base currencies span AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MBT*, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF and ZAR. It employs a hybrid model (A+B Book). Copy trading is supported via Exness Copy, while payments are processed through bank transfers, credit and debit cards, e-wallets, mobile money and crypto.
Pepperstone vs Exness Market Instruments
Pepperstone supports trading 1,400+ CFD instruments across multiple markets, with CFDs on forex, indices, shares, commodities, etfs and cryptocurrencies.
By contrast, Exness offers 200+ CFD instruments, featuring CFDs on forex, stocks, indices, commodities and cryptocurrencies.
Pepperstone vs Exness Account Types
Pepperstone vs Exness Spreads Comparison
This comparison focuses on the published minimum and average spreads from Pepperstone and Exness. Spreads can change with market volatility, liquidity, and account type, so confirm the latest figures on each broker’s website.
Minimum spreads on major forex pairs favor Exness in this dataset: on EUR/USD Pepperstone lists 1.0 pips vs Exness at 0.2 pips; on GBP/USD it is 1.0 pips vs 0.2 pips; on USD/CAD 1.1 pips vs 0.2 pips; and on CAD/JPY 1.2 pips vs 0.2 pips. For XAU/USD, WTI, and Bitcoin, Pepperstone provides minimum spreads from $0.05, $0.02, and $14, respectively, while Exness does not provide data about the minimum spreads for these assets.
Average spreads among the tested brokers are much closer for the same instruments. For EUR/USD, Pepperstone averages 1.1 pips compared with Exness at 0.9 pips, and for GBP/USD it is 1.3 pips versus 1.1 pips. On XAU/USD, Pepperstone’s average is $0.15 against Exness at $0.16.
Pepperstone vs Exness Minimum Spreads Comparison
Pepperstone vs Exness Average Spreads Comparison
Costs on Raw/Zero Spread Account
Pepperstone and Exness both provide raw/zero spread account pricing. On these accounts, Pepperstone’s quoted minimum spread is 0.0 pips with a commission per side per lot of $3.5 (can be slightly different depending on the used platform), while Exness lists a minimum spread of 0.0 pips and a commission per side per lot of up to $3.50.
These costs highlight that ultra-tight spreads are paired with commissions as the primary fee. Since spreads move with market liquidity and volatility, check each broker’s website for the most current pricing before you trade.
Other Features
Pepperstone vs Exness: Wrapping Up the Comparison
Pepperstone and Exness are both well-regulated global brokers, founded in 2010 and 2008, respectively. Pepperstone is supervised by the ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai, UAE), CMA (Kenya) and SCB (Bahamas), while Exness is regulated by the FSCA (South Africa), FSA (Seychelles), FSC (British Virgin Islands), CBCS (Curaçao), CMA (Kenya), JSC (Jordan), CySEC (Cyprus) and FCA (United Kingdom). Their platform lineups are extensive, with Pepperstone supporting MT4, MT5, cTrader, TradingView and Pepperstone App and Exness offering MT4, MT5 and Exness terminal.
Instruments and markets differ notably. Pepperstone provides 1,400+ instruments, including CFDs on forex, indices, shares, commodities, etfs and cryptocurrencies. Exness lists 200+ instruments, including CFDs on forex, stocks, indices, commodities and cryptocurrencies.
For funding and accounts, Pepperstone has a minimum deposit of $0, whereas Exness starts from $10. Both brokers offer a Standard account and a Raw Spread account, provide demo accounts for practice, and support Islamic (swap-free) options. Exness also includes a zero spread account, whereas Pepperstone does not offer that account type. In addition, Exness features Standard Cent and Pro, while Pepperstone does not list other account types beyond its core offerings.
On pricing, minimum EUR/USD spreads start from 0.2 pips at Exness versus 1.0 pips at Pepperstone, but the average spreads are quite similar at both brokers. Copy trading is available at both: Pepperstone supports CopyTrading by Pepperstone, cTrader Copy, and Signal Start, while Exness provides Exness Copy.
In short, Pepperstone suits traders seeking a broader product range and varied platforms, while Exness appeals to cost-conscious traders who prioritize low entry costs and tighter minimum spreads with additional account flexibility.
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