Exness vs Pepperstone

Exness ranks among the leading Forex brokers with monthly trading volumes exceeding $3.5 trillion and an excellent Forex selection featuring 100+ currency pairs. It also ranks highly in the client withdrawal category, with $1.3+ billion in quarterly withdrawals. Traders get the MT4/MT5 trading platform, plus the proprietary Exness Terminal and mobile app Exness Trade. Exness also shines with its ultra-low trading fees and flexible leverage.

Pepperstone presents the most competitive MT4/MT5 trading environment due to its 28-plugin upgrade plus Autochartist. Traders may also opt for cTrader. Pepperstone connects to the TradingView community and offers Capitalise AI, which supports algorithmic trading in a code-free environment. VPS hosting and API trading are equally available. Traders also benefit from competitive trading fees and a volume-based rebate program.

We have conducted an in-depth review of Exness and Pepperstone to determine which presents the better overall choice and which traders will benefit the most at either broker.

Headquarters
CyprusAustralia
Regulators
CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20082010
Execution Type(s)
Market MakerNo Dealing Desk, NDD
Minimum Deposit
$10$200
Negative Balance Protection
N/A
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Trading View
Average Trading Cost EUR/USD
0.6 pips1.1 pips
Average Trading Cost GBP/USD
0.7 pips1.6 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.13 $0.20
Retail Loss Rate
Undisclosed78.60%
Minimum Raw Spreads
0.0 pips0.0 pips
Minimum Standard Spreads
0.3 pips1.0 pips
Minimum Commission for Forex
$7.00 per 1.0 standard round lot6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons
N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

Exness offers a proprietary copy trading platform and mobile app, while Pepperstone has numerous third-party providers supporting excellent diversification.

Available Markets

Currency Pairs
Cryptocurrencies
N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
N/A
Bonds
N/A
ETFs
Futures
Synthetics
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Exness has a better Forex selection with 100+ currency pairs, ensuring Forex traders have broad sector exposure with a balanced overall asset selection. Pepperstone has notably more equity CFDs and offers ETF trading, making it a better choice in this category. At the same time, Exness remains a more competitive option for Forex and cryptocurrency traders.

Typical Spreads & Fees

Average Trading Cost EUR/USD
0.6 pips1.1 pips
Average Trading Cost GBP/USD
0.7 pips1.6 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.13 $0.20
Average Trading Cost Bitcoin
$73 $16.50
Minimum Raw Spreads
0.0 pips0.0 pips
Minimum Standard Spreads
0.3 pips1.0 pips
Minimum Commission for Forex
$7.00 per 1.0 standard round lot6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)
Deposit Fee
Withdrawal Fee
Inactivity Fee
No$0
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Both brokers offer a competitive commission-based cost structure with spreads from 0.6 pips or $6.00 per 1.0 round lot. The commission-based alternatives at Exness and Pepperstone feature raw spreads from 0.0 pips for a commission of $0.40 and $6.00, respectively.

Account Types

Account Types
Exness
Pepperstone
Commission-free Accounts
Yes
Yes
Commission-based Accounts
Yes
Yes
Demo Accounts
Yes
Yes
Islamic Accounts
Yes
Yes
Social / Copy Trading
Yes
Yes
Managed Accounts
No
Yes

The Exness Standard MT5 account has no minimum deposit requirement, while the Raw Spread, ECN, and Pro options require a $200 commitment. The Zero account features 0.0 pips for a commission of $0.40 per round lot, making it ideal for scalpers. Pepperstone has no minimum deposit, but its Premium account, which includes a volume-based cashback rebate program, requires Forex traders to exceed $15M in notional monthly trading volume.

Minimum Deposit

Deposit Snapshot
Exness
Pepperstone
Minimum Deposit
$0 (payment processor dependent)
$0
Deposit Fees
Third-party
Third-party
e-wallets
Yes
Yes
Cryptocurrencies
Yes
No
Localized Methods
Yes
Yes
Total Deposit Methods
7+
9
Supported Deposit Currencies
75+
10

The Exness minimum deposit depends on the payment processors, but most account types require an initial deposit of $200. Exness supports 75+ deposit currencies, ranking as the best Forex broker for localized deposits. Pepperstone supports ten deposit currencies, covering most of its core markets. Exness also allows cryptocurrency deposits. Neither Forex broker charges internal deposit fees, but traders should consider third-party processing costs.

Minimum Withdrawal

Withdrawal Snapshot
Exness
Pepperstone
Minimum Withdrawal
$0 (payment processor dependent)
$0 (payment processor dependent)
Internal Withdrawal Fees
$0 (third-party processing fees may apply)
$0 (third-party processing fees may apply)
Internal Processing Times
Instant to 24 hours (without manual approval)
Same day to 24 hours

Neither Exness nor Pepperstone imposes a minimum withdrawal, but payment processors could have minimum and maximum limits. The same applies to withdrawal fees, but Pepperstone levies bank wire charges. Both Forex brokers have fast internal processing times, with Exness delivering an edge. Traders must withdraw funds via the deposit method and should consider follow-on costs.

Security & Trust

Country of the Regulator
Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, CuraçaoUnited Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom
Name of the Regulator
CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Regulatory License Number
SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162414530, F217, 388/20, F004356, 91279, 128, 684312
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Exness and Pepperstone established themselves as trustworthy Forex brokers and have stood the test of time. Both segregate client deposits from corporate funds and offer negative balance protection for retail traders. The availability of an investor compensation fund at Pepperstone depends on the operating subsidiary. At the same time, Exness provides it to every trader.

Exness versus Pepperstone Verdict

Exness

Pros
Cons
Instant withdrawals from a trusted broker with numerous payment processors
No education for beginners
High level of transparency and financial audits by Big Four accountancy Deloitte
Multi-regulated broker with excellent order and volume statistics
Excellent 24/7 multi-lingual customer service

Pepperstone

Pros
Cons
Excellent choice of trading platforms consisting of MT4/MT5 and cTrader
The competitiveness of trading conditions depends on the operating subsidiary
Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
Leverage of up to 1:500 and superb trade execution

While both Forex brokers present an ultra-competitive trading environment, Exness takes the lead among demanding Forex traders. It provides lower average trading fees and processes more trading volume. Pepperstone shines with its services geared toward beginners, particularly its upgraded trading platforms, Capitalise AI and TradingView. Exness features more deposit and withdrawal flexibility and superior protection.

FAQs

Who runs Exness?

Igor Lychagov founded Exness and continues to run the brokerage with a well-rounded and experienced management team.

Is Exness an Islamic broker?

Exness is not an Islamic broker, but it offers swap-free Islamic accounts. It extends swap-free trading to non-Islamic countries.

Which country is Exness broker from?

The Exness Group has its headquarters in Cyprus but does not serve retail clients from Cyprus. It has six regulated operating subsidiaries with client protection that accept account applications.

Can I trust Pepperstone?

Pepperstone established itself as a trustworthy broker with a clean operational track record spanning 10+ years.

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