Are you confused about whether to choose Exness vs Pepperstone as a broker for your investing needs?
In this side-by-side comparison, we analyse Pepperstone vs Exness to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison of the features offered, the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Pepperstone vs Exness
- Pepperstone is our recommendation overall. Offers top-tier regulation, including FCA in the UK, and a wide range of platforms and additional tools. You can check our in-depth Pepperstone review here.
- Exness is not recommended by our team. Below, we list the reasons why we don’t recommend Exness. You can also check our in-depth Exness review here.
Disclaimer: Trading Forex and CFDs involves significant risk and may not be suitable for all investors. Keep in mind that most CFD traders lose money. Ensure you fully understand the risks involved and seek independent advice if necessary.
Why we prefer Pepperstone
All in all, we recommend Pepperstone over Exness because it is properly regulated by top-tier authorities such as the FCA in the UK or BaFin in Germany, offering a higher level of trust and security.
Additionally, Pepperstone is endorsed by the r/Forex subreddit—the largest forex community on the internet—alongside Interactive Brokers, which further attests to its credibility in the forex/CFD community.
Why we don’t recommend Exness
At investingintheweb.com, we do not recommend Exness for the following reasons:
- First, because the Exness subsidiaries accepting retail clients are not supervised by top-tier regulators. Despite being regulated by top-tier entities, the Exness subsidiaries that accept retail clients are the ones regulated by tax haven areas, meaning that when, for example, a Vietnamese or an Indian citizen opens an account, he is doing it under the Exness Seychelles , Exness Curacao or Exness Virgin Islands, with less regulatory burdon and no investor protection schemes.
- There’s no investor protection guarantee. There is no guarantee that investors will be compensated if the broker goes bankrupt.
- Exness also does not work in Europe and other highly regulated markets. It mostly works in less-developed countries. The lack of access of Exness services for retail clients residing in strongly regulated markets (such as the EU, etc.) is a warning flag for us. However, this could be a business decision: the company prefers to focus on other areas, with less regulatory burden. Which is a valid point.
That said, the company earns an average score of 4.7/5 on Trustpilot, based on over +5k reviews.
All in all, Exness seems like a legitimate company. It is a serious broker, with offices in Europe, operating legally.
However, given the points mentioned before, we believe you could be better-served with Pepperstone.
About Pepperstone
Established in 2010, Pepperstone has become one of the world’s largest forex brokers.
Pepperstone is regulated by several top-tier financial authorities, including ASIC (Australia), FCA (UK), BaFin (Germany), Dubai (DFSA) and Cyprus (CySEC).
It offers leverage up to 500:1 in most regions. In the UK and Europe, leverage is capped at 30:1 due to EU regulations.
A minimum deposit of $0 USD is required for all account types.
It also offers Islamic Accounts (Swap-free – interest-free – accounts are available for halal trading) and UK residents can access tax-free spread betting accounts as well.
Pepperstone pros and cons
Pros
- Quick customer support response times
- No fees for deposits, withdrawals, or account inactivity
- Competitive spreads in the Razor account with active trader rebates
- High leverage options up to 1:500 for Pro clients; Max retail leverage 1:400 (depending on location)
Cons
- Limited to CFD trading; no direct asset ownership
- Higher Forex spreads in the standard account
- Crypto offerings are limited compared to competitors
- Limited educational resources
Regulation
- Pepperstone: Pepperstone is highly regulated by several top-tier authorities, including ASIC, the Financial Conduct Authority (FCA) in the UK, BaFin in Germany, CySEC, and the Dubai Financial Services Authority (DFSA). As such, it is the clear winner here, especially if you live in Australia, UAE, or the UK!
- Exness: Exness is regulated by several governing bodies, including the Financial Services Authority (FSA) of Seychelles, the Central Bank of Curacao and Sint Maarten (CBCS), the Financial Services Commission of the British Virgin Islands, the Financial Services Commission of Mauritius, the Financial Sector Conduct Authority in South Africa, the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Capital Markets Authority (CMA) in Kenya. You can review all regulators here.
- Despite being regulated by top-tier entities, the Exness subsidiaries that accept retail clients are the ones regulated by tax haven areas, meaning that when, for example, a Vietnamese or an Indian citizen opens an account, he is doing it under the Exness (SC) Ltd (Seychelles), Exness B.V. (Curacao) or Exness (VG) Ltd (Virgin Islands).
Fees and Spreads
Both offer very low spreads, starting from 0.1 pips on EUR/USD on Pepperstone and 0.2 pips on EUR/USD on Exness.
Trading Platforms
- Pepperstone: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.
- Exness: MT4, MT5, Exness terminal, TradingView, cTrader.
Market Instruments
- Pepperstone: Over 1,200 financial instruments, including forex (90 currency pairs), indices, commodities, cryptocurrencies, shares.
- Exness: CFDs on Currencies, Commodities, Stocks, Indices, and Crypto
Customer Support
- Pepperstone: Availability: 24/7 via phone, live chat, and email.
- Exness: Availability: 24/7 via email, phone, and live chat.
Deposits and Withdrawals
Pepperstone
- Minimum Deposit: $0
- Methods Available: Credit/debit cards, PayPal, bank transfer, and others.
- Fees: No fees for deposits and withdrawals.
Exness
- Minimum Deposit: $10 (depends on account type and payment method)
- Methods Available: Credit/debit cards, PayPal, Neteller, Skrill, bank transfer, crypto and more.
- Fees: No fees for deposits and withdrawals.
User Experience and Feedback
- European Regulation: Many European traders prefer Pepperstone due to its strong regulation within Europe, offering greater security.
- Customer Service: Pepperstone consistently receives recognition for its high-quality customer support.
Exness vs Pepperstone: our veredict
Choosing between these two online brokers isn’t always an obvious decision. The differences between Pepperstone vs Exness come from the trading platforms, products, regulation, and fees.
Ultimately, the best trading platform for you will depend on your profile, personal preferences, and objectives. Explore the websites above and decide for yourself!
Additionally, always verify whether the broker is regulated in your country and offers the levels of protection and security that you deem essential.
Want to know more about Pepperstone vs Exness? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.
Disclaimer: Trading Forex and CFDs involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
