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Pepperstone vs Exness (2026): Which Broker Is Actually Better?
We compare Pepperstone against Exness across spreads, regulations, platforms, and trading costs. Read our algorithmic breakdown and expert verdict to find out which broker suits your trading style in 2026.
Verdict: It's a Tie
Both Pepperstone and Exness offer exceptional trading environments with distinct strengths. Pepperstone is ideal for advanced traders, automated trading & tradingview enthusiasts, while Exness excels for low-cost traders, high-volume day traders & scalpers. Your choice should depend entirely on whether you prioritize top-tier liquidity with frequent 0.0 pip spreads or ultra-tight spreads from 0.0 pips.
Pepperstone vs Exness: Side-by-Side Comparison
| Feature | | |
|---|---|---|
| Founded | 2010 | 2008 |
| Overall Rating | 4.8/5.0 | 4.8/5.0 |
| Minimum Deposit | $0 (Recommended $200) | $1 |
| EUR/USD Spread | 0.0 pips (Razor) | 1.0 pips (Standard) | 0.0 pips (Raw) | 1.0 pips (Standard) |
| Maximum Leverage | 1:500 (Pro) | 1:30 (Retail) | 1:Unlimited |
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Forex Pairs | 60+ | 100+ |
| Deposit Methods | Bank Transfer, Credit/Debit, PayPal, Skrill, Neteller, BPay | Bank, Card, Skrill, Neteller, Crypto, Local |
| Withdrawal Speed | 1-2 business days | Instant |
| Execution Type | NDD & STP | Market Execution |
Pepperstone vs Exness: Fee Breakdown
When comparing the trading costs between Pepperstone and Exness, it's essential to look beyond just the advertised spreads. We must factor in commissions, swap rates, and non-trading fees like deposit or inactivity charges. Pepperstone offers pricing characterized by $3.50/lot (Razor) alongside 0.0 pips (Razor) | 1.0 pips (Standard) spreads. In contrast, Exness utilizes a model with $3.50/lot (Raw Spread) and 0.0 pips (Raw) | 1.0 pips (Standard) spreads. For active, high-volume traders, either broker provides the superior cost-efficiency curve.
| Fee Type | Pepperstone | Exness |
|---|---|---|
| EUR/USD Spread | 0.0 pips (Razor) | 1.0 pips (Standard) | 0.0 pips (Raw) | 1.0 pips (Standard) |
| Commission Defaults | $3.50/lot (Razor) | $3.50/lot (Raw Spread) |
| Execution Model | NDD & STP | Market Execution |
| Deposit Fees | None | None |
| Withdrawal Speed | 1-2 business days | Instant |
Safety & Regulation: Is Pepperstone or Exness Safer?
Trust is paramount in forex trading. Both Pepperstone and Exness are highly regulated entities, but their jurisdictional footprints differ. Pepperstone is armed with 4 Tier-1 licenses and has been securing client funds since 2010. Exness, licensed since 2008, counters with 2 Tier-1 regulatory bodies overseeing its operations. Pepperstone holds a slight edge in absolute tier-1 licenses. Both brokers employ strict client fund segregation.
Pepperstone
Tier 1- Regulators:ASIC (Australia)FCA (UK)CySEC (Cyprus)BaFin (Germany)DFSA (Dubai)
- Investor Protection: Up to €20,000 (CY) / £85,000 (UK)
- Licensed Since: 2010
Exness
Tier 1- Regulators:FCA (UK)CySEC (Cyprus)FSCA (South Africa)FSA (Seychelles)
- Investor Protection: Up to €20,000 (EU ICF)
- Licensed Since: 2008
Platform & Tools Comparison
The software you trade on dictates your execution speed and analytical depth. Both brokers provide industry stalwarts, but divergencies exist. Pepperstone equips its clients with MT4, MT5, cTrader, TradingView. Exness, on the other hand, grants access to MT4, MT5, Exness Terminal, Exness Trade App. If you rely on TradingView charting, this section heavily dictates your broker choice.
| Feature | Pepperstone | Exness |
|---|---|---|
| MetaTrader 4 | ||
| MetaTrader 5 | ||
| cTrader | ||
| TradingView | ||
| Proprietary Environment | ||
| Copy Trading Network |
Pros & Cons: Pepperstone vs Exness
Pepperstone
Pros
- Top-tier liquidity with frequent 0.0 pip spreads
- Exceptional platform choice including TradingView and cTrader
- Award-winning 24/5 customer support
- Deepest liquidity pools for large order execution
- No minimum deposit requirement
Cons
- Educational content is good but not standard-setting
- No proprietary mobile app (relies on MetaQuotes/cTrader apps)
- Lacks robust fixed-spread options
Exness
Pros
- Ultra-tight spreads from 0.0 pips
- Instant automated withdrawals 24/7
- Unlimited leverage options
- Free VPS for active traders
- Excellent proprietary mobile app
Cons
- No cTrader or TradingView integration
- Educational resources are relatively basic
- Not available to US clients
Expert Verdict: Pepperstone vs Exness
When we place Pepperstone and Exness side-by-side, we observe two distinct philosophies in client servicing. Pepperstone, licensed since 2010, has carved out a massive niche focusing on advanced traders, automated trading & tradingview enthusiasts. Their execution model heavily leans into NDD & STP, and their platform environment highlights MT4.
Conversely, Exness, operational out of Cyprus, has architected its infrastructure predominantly for low-cost traders, high-volume day traders & scalpers. Their $3.50/lot (Raw Spread) commission structure combined with 0.0 pips (Raw) | 1.0 pips (Standard) spreads makes them a formidable competitor.
The Bottom Line: If your primary directive is top-tier liquidity with frequent 0.0 pip spreads, and you intend to start with a minimum of $0 (Recommended $200), Pepperstone is the logical path forward. If, however, you value ultra-tight spreads from 0.0 pips and require MT4, Exness edges out the competition and earns our recommendation.
Pepperstone vs Exness: Frequently Asked Questions
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Risk Warning: Forex and CFD trading involves significant risk of loss. 68–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|Affiliate Disclosure: We may receive compensation from the brokers listed on this page. This does not influence our rankings or reviews, which are based on independent analysis.
Comparison data updated February 2026. Broker terms, spreads, and conditions vary by region and account type. See our methodology | Full Disclaimer | Privacy Policy