Top Lists for USAPepperstone vs Exness
Wondering if Pepperstone or Exness is the better broker? We compare their features to help you identify your ideal trading partner.
Pepperstone and Exness were both tested in a live account by the BrokerListings team. We spent 50+ hours reviewing Pepperstone and Exness and comparing them.
Written ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US and UK TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByWilliam Berg
William Berg combines his expertise in law and finance to analyze trading brokers. He has checked 3,250+ regulatory licenses, investigated 2,365+ broker clones and trading scams, and placed 3,500+ trades.
William Berg Profile PageAugust 25, 2026
Quick Verdict
Neither Pepperstone nor Exness accepts traders from United States. Instead, we recommend FOREX.com, a top-rated alternative that impressed our team during testing and accepts traders from your location.
Pepperstone stands out with more extensive regulation and safety measures, such as investor compensation. In contrast, Exness offers higher leverage and an extensive range of account currencies. Both brokers provide a variety of accounts and demo options, but Exness has more account types tailored for different traders. Pepperstone’s fees are straightforward, while Exness excels in competitive spreads on some accounts.
In terms of platforms, Pepperstone offers MetaTrader and cTrader, while Exness specializes in MetaTrader. Exness offers proprietary trading solutions but lacks some advanced features. Both brokers provide 24/7 customer service, but Exness covers more languages. While Pepperstone features strong research and educational resources, Exness falls short in this area.
Regulation & Trust
Pepperstone is regulated by top-tier regulatory bodies, ensuring extensive client protection. These include the FCA, ASIC, and CySEC. Exness, while also regulated by some recognized bodies, has more varied jurisdiction protections, which may be inconsistent. Both provide negative balance protection and segregated accounts, though Exness lacks some investor compensation schemes.
Accounts & Banking
Pepperstone offers Standard and Razor accounts, suitable for beginners and experienced traders, with no minimum deposit. Exness provides several accounts, including Standard, Standard Cent, Pro, and Raw Spread, with a low minimum deposit of $10 on some accounts. Both offer demo accounts and simple account setup, but Exness allows more base currencies, beneficial for reducing conversion fees. Pepperstone has fewer deposit methods but ensures low fees across its territory.
Assets & Markets
Pepperstone covers a wide range of assets, with over 1,300 instruments, though focused on CFDs. Exness offers a narrower range. Both brokers support forex, commodities, and cryptos, but Exness lacks a comprehensive stock selection.
Fees & Costs
Pepperstone boasts competitive spreads and commissions, particularly on Razor accounts through its Active Trader program. Exness features very low spreads, notably in its Raw Spread and Zero accounts, and avoids most fees on deposits and withdrawals. Both are among low-cost brokers, though Pepperstone’s fee structure is more straightforward.
Platforms & Tools
Pepperstone excels with MetaTrader and cTrader offerings, backed by powerful tools like Capitalise.ai and Smart Trader tools. Exness supports MetaTrader and its unique Exness Terminal, which simplifies forex trading but lacks some features of full platforms. Both have VPS services, but Pepperstone offers broader platform support and features.
Research
Pepperstone offers comprehensive research with tools like Autochartist, though Exness provides limited internal analysis. Exness includes an economic calendar and some third-party tools, but Pepperstone shines with varied content and detailed daily analysis.
Education
Pepperstone provides rich educational resources with guides, webinars, and platform tutorials, enhancing beginner learning. Exness falls behind in education, lacking structured courses and interactive content for new traders. Pepperstone’s focus suits varied experience levels and tech integration, like AI, shows modern awareness.
Customer Support
Both brokers deliver 24/7 customer support, but Pepperstone focuses on trading hours while Exness covers all week and more languages. Exness doesn’t support phone lines, unlike Pepperstone. Both have responsive live chat and email support, with quick answers.
Is Pepperstone or Exness Better For Beginners?
Pepperstone is better for beginners due to its educational resources and $0 minimum deposit. The broker offers straightforward accounts and helpful guidance. This comprehensive support helps beginners navigate trading more efficiently. Exness is beginner-friendly with simple platforms and low deposits, but its limited educational offerings are a drawback for novice traders seeking knowledge and skill building.
Is Pepperstone or Exness Better For Experienced Traders?
Experienced traders might prefer Exness for flexible account options and competitive spreads. Its Raw Spread and Zero accounts offer enticing conditions. Pepperstone offers advanced platform features and low-cost trading. It suits those valuing technology and execution. Exness’s high leverage provides additional trading capabilities.
Why Pick Pepperstone Over Exness?
Pepperstone is strong in comprehensive regulation, which enhances trust for traders. It offers versatile tools and competitive costs, benefiting both beginners and pros. Pepperstone’s research, education, and platform integrations stand out, providing an enriching trading experience unavailable at some competitors like Exness.
Why Pick Exness Over Pepperstone?
Exness has a broader account appeal for different trading needs, with impressive base currency flexibility. Its simplicity in setup and diverse language support enhance global trader accessibility. Competitive spreads on specific accounts offer cost-effective trading in regulated but dynamic environments. Exness’s non-stop customer support adds to its appeal for active traders.
Compare Pepperstone and Exness Details
| Feature |  Pepperstone |
 Exness |
|---|---|---|
Founded in Australia in 2010, Pepperstone is a forex and CFD broker with over 830,000 clients worldwide. It offers 1,400+ instruments on MT4, MT5, cTrader, and TradingView, with low, clear fees. Pepperstone is regulated by the FCA, ASIC, and CySEC. | Founded in 2008, Exness is a respected broker offering 40+ account currencies, a growing range of CFD instruments, and an easy-to-use web platform with currency converters and trading calculators. | |
| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting | CFDs on Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $10 (varies by account and payment method) |
| Trading Platforms | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
| Payment Methods | Apple Pay, BPAY, Credit Card, Debit Card, Google Wallet, M-Pesa, Mastercard, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | Airtel, Bitcoin Payments, JCB Card, M-Pesa, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, WebMoney, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya | FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY |
| Trustpilot Score | ||
| Trust Rating | ||
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| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Pepperstone stands out for its great integration with MT4, MT5, cTrader, and TradingView apps, making it a top choice for traders familiar with these major platforms. These apps provide a stable, reliable mobile trading experience, boosted by Pepperstone's fast execution speeds and wide asset range. Recent upgrades helped it earn second place in DayTrading.com's annual 'Best Trading App' award for 2025. | Exness Trade provides mobile trading with fast execution, hundreds of CFDs, and easy TradingView-powered charts. With over 10 million downloads, it helps active traders manage accounts and trade on the go. |
| Android App Rating | ||
| iOS App Rating | ||
| Awards |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, DMA, MAM, PAMM | STP, ECN |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | Pepperstone supports copy trading through MetaTrader Signals, DupliTrade, and its app, powered by Pelican Trading in select regions. Users can access thousands of traders and set risk levels. However, it does not support cTrader Copy, which may affect cTrader users. | Exness offers copy trading through its dedicated service and MetaTrader signals, allowing hands-off traders to follow experienced traders’ positions. |
| Social Trading | ✗ | ✓ |
| Trade Signals | ✓ | Signals through Trading Central |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
Pepperstone remains a top-notch CFD broker based on our recent tests. The broker offers swift execution speeds averaging 30ms, a high fill rate of 99.90% and over 1,300 assets to trade. This ensures a smooth trading experience without interruptions or the need for re-quotes. | Exness offers CFDs on forex, stocks, indices, commodities, and cryptocurrencies with leverage for experienced traders, featuring over 100 technical indicators in its proprietary terminal. | |
| Leverage | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | 1:Unlimited (via offshore entities) |
| FTSE Spread | 1.0 | 9.8 |
| GBPUSD Spread | 0.4 | 0.6 |
| Oil Spread | 0.02 | 0.20 |
| Stocks Spread | 0.02 | 0.5 (Apple Inc.) |
Forex Trading | ||
Pepperstone offers exceptionally low forex spreads, averaging 0.12 pips on EUR/USD in the Razor account, with over 100 currency pairs to choose from. This exceeds what most competitors offer. Pepperstone uniquely provides three currency indices (USDX, EURX, JPYX), a rare feature in trading platforms. Pepperstone has claimed our 'Best Forex Broker' award twice. | Exness provides about 100 forex pairs, more than many brokers we reviewed, with competitive spreads on major pairs starting at 0.1 pips. Traders also have access to strong forex analysis tools, including market news from FXStreet. | |
| GBPUSD Spread | 0.4 | From 0.0 |
| EURUSD Spread | 0.1 | From 0.0 |
| EURGBP Spread | 0.4 | From 0.0 |
| Assets | 100+ | 100+ |
| Currency Indices | USD, EUR, JPY | USD |
Cryptocurrency Trading | ||
remains a trusted name in crypto CFD trading. It offers a moderate selection of digital tokens, including popular cryptocurrencies like Bitcoin and altcoins such as Ripple, with up to 1:10 leverage. Its crypto indices offer a comprehensive view of the digital currency markets, which is uncommon on other platforms. has also launched , a dedicated crypto exchange in Australia. | Exness offers popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, available on desktop and mobile apps. Crypto deposits are available in some regions, and reduced Bitcoin spreads increase its appeal for traders. | |
| Crypto Spread | 30 (BTC) | 10.0 (BTC/USD) |
| Crypto Coins | BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB | BTC, ETH, SOL, XRP, ADA, DOT, AVAX, LINK, MATIC, UNI, LTC, BCH, DOGE, XTZ, AAVE, BNB |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
Pepperstone
Exness
