ExnessFrom 0.0 pips (Raw Spread), spread-based (Standard)
- Published fee
- From 0.0 pips (Raw Spread), spread-based (Standard)
- Minimum deposit
- 10 $
- Spread figure
- EUR/USD from 0.0 pip (Raw Spread/Zero) + $3.50 per lot, 0.3 pip (Standard)
Broker comparison
Exness vs.
Pepperstone
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on 22 October 2026
See comparisonExness
PepperstoneVS
Summary
Your goal decides
Pepperstone has a higher rating of 4.5/5 compared to Exness (4.2/5). Pepperstone offers 7 instrument types, while Exness offers 6. The minimum deposit is lower at Pepperstone with 0 €. Oversight: Exness: FCA/CySEC/FSA; Pepperstone: BaFin/FCA/ASIC. Exness: No. Pepperstone: No, but over 1,200 CFD instruments.
ExnessHigh-volume broker with instant withdrawals and low spreads
PepperstoneECN broker with Razor account and ultra-fast execution
At a glance
The key differences
| Criterion | Exness | Pepperstone |
|---|---|---|
| Platforms | MT4, MT5, Exness Terminal, Exness Trade App | MT4, MT5, cTrader, TradingView |
| Product types | Forex, Metals, Crypto CFDs, Indices, Stocks CFDs, Energies | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices |
| Options trading | No | No, but over 1,200 CFD instruments |
| Fee model | From 0.0 pips (Raw Spread), spread-based (Standard) | Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip |
| Minimum deposit | 10 $ | 0 € |
| Regulation | FCA/CySEC/FSA | BaFin/FCA/ASIC |
| More information | Details | Details |
Platforms
Exness
MT4, MT5, Exness Terminal, Exness Trade App
Pepperstone
MT4, MT5, cTrader, TradingView
Product types
Exness
Forex, Metals, Crypto CFDs, Indices, Stocks CFDs, Energies
Pepperstone
Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options trading
Exness
No
Pepperstone
No, but over 1,200 CFD instruments
Fee model
Exness
From 0.0 pips (Raw Spread), spread-based (Standard)
Pepperstone
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
Exness
10 $
Pepperstone
0 €
Regulation
Exness
FCA/CySEC/FSA
Pepperstone
BaFin/FCA/ASIC
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
ExnessPepperstoneRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
- Published fee
- Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
- Minimum deposit
- 0 €
- Spread figure
- EUR/USD from 0.0 pip (Razor) + $3.50 per lot
The relevant costs depend on market, currency, order size and trading style.
Worked out
What does it actually cost?
Typical months at Exness and Pepperstone, priced from their published fee schedules. Spreads, FX and exchange fees come on top depending on the venue.
| Scenario | Exness | Pepperstone |
|---|---|---|
| 10 lots of EUR/USD a month | —Not verifiable: only 'spreads from 0.2 pips' (all instruments), no EUR/USD figure; site blocks fetch | US$113Standard account: average EUR/USD spread 1.13 pip × $10 × 10; no commission |
| Custody and account fee per year | —Inactivity fee not confirmed on an official page | €0No account-keeping or inactivity fee |
Checked on 22 October 2026. Prices can change; the current fee schedule is what counts. Sources: exness.com · pepperstone.com · pepperstone.com
Execution quality
Order type, venue and liquidity affect execution.
ExnessCheck the provider’s execution policy and available order types for your account.
Provider informationPepperstoneCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
ExnessForexMetalsCrypto CFDsIndicesStocks CFDsEnergies
PepperstoneForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
ExnessMT4 · MT5 · Exness Terminal · Exness Trade App
Exness offers MetaTrader 4 and MetaTrader 5 as proven trading platforms with full EA support and algorithmic trading. The proprietary Exness Terminal is a web-based platform with a modern interface and intuitive operation. The Exness Trade App enables mobile trading with complete account management. All platforms support the instant order execution for which Exness is known.
Explore platformPepperstoneMT4 · MT5 · cTrader · TradingView
Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.
Explore platformExness
Exness international entity (e.g. Exness (SC) Ltd, Seychelles) – not verified this run
- Supervisor
- FSA Seychelles (not verified)
- Investor compensation
- No EU investor compensation (offshore entity); not verified for this entity
- Cash
- No deposit guarantee; segregation not verified for this entity
Regulation does not protect against market losses. What counts is the entity you sign the contract with.
Your investor profile
Who might it suit?
ExnessFor experienced traders outside the EU who want very high leverage — without EU supervision.
- Instant withdrawals
- Very low minimum deposit ($10)
- High leverage available (up to 1:Unlimited)
- No real stocks
- High leverage can be risky
PepperstoneFor traders in Germany who want a BaFin-regulated provider with MetaTrader, cTrader and TradingView.
- Razor account with raw spreads from 0.0 pip
- Fast execution speed
- MT4, MT5, cTrader and TradingView
- No options trading
- No real stocks, only CFDs
Find the broker that fits
Exness oder Pepperstone?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
Exness and Pepperstone do not earn the same way
The table shows what they cost. These lessons show how they earn, which is what the difference is made of.
Who is on the other side?
Whether your order leaves the building or stops at the desk
Open the lesson →The fill you actually get
Why the price on screen and the price you get are not the same
Open the lesson →Where the price comes from
How several bank quotes become one spread on your screen
Open the lesson →Your questions
Frequently asked questions
How do fees differ between Exness and Pepperstone?
Exness: From 0.0 pips (Raw Spread), spread-based (Standard). Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Exness or Pepperstone?
Exness offers Forex, Metals, Crypto CFDs, Indices, Stocks CFDs, Energies. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.
How are Exness and Pepperstone regulated?
The broker profiles list FCA/CySEC/FSA for Exness and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Exness or Pepperstone better for beginners?
Exness lists a 10 $ minimum deposit and offers MT4, MT5, Exness Terminal, Exness Trade App. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
Exness vs Pepperstone: Which broker is better overall?
The choice between Exness (4.2/5, 1400 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. Exness: High-volume broker with instant withdrawals and low spreads. Pepperstone: ECN broker with Razor account and ultra-fast execution.
How do spreads compare between Exness and Pepperstone?
Exness offers typical spreads of EUR/USD from 0.0 pip (Raw Spread/Zero) + $3.50 per lot, 0.3 pip (Standard). Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.
Your next step
Your next step
ExnessHigh-volume broker with instant withdrawals and low spreads
Open accountRead reviewPepperstoneECN broker with Razor account and ultra-fast execution
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.