Choose Exness if you want…
Active traders and scalpers prioritizing tight raw spreads and fast withdrawals; MENA traders in particular.
Exness
⭐ 4.6 / 5
VS
Pepperstone
⭐ 4.7 / 5
Exness vs Pepperstone — which broker is better in 2026?
We compared Exness and Pepperstone across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. Pepperstone wins on more criteria (4 categories vs 0), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| Exness | Pepperstone | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.6 / 5 | ⭐ 4.7 / 5 | Pepperstone |
| Regulators | CySEC, FCA, FSCA, FSA Seychelles | FCA, ASIC, CySEC, DFSA, BaFin, SCB, CMA Kenya | Pepperstone |
| Min. deposit | $10 | $0 (no minimum) | Pepperstone |
| Spreads from | 0.0 pips (Raw Spread / Zero account) | 0.0 pips (Razor) | Tie |
| Max. leverage | Up to 1:Unlimited (jurisdiction dependent) | Up to 1:30 (EU/UK retail) / 1:500 (offshore) | — |
| Platforms | MT4, MT5, Exness Terminal (web), Exness Mobile | MT4, MT5, cTrader, TradingView, DupliTrade | Pepperstone |
| Founded | 2008 | 2010 | — |
| HQ | Limassol, Cyprus | Melbourne, Australia | — |
Pros & cons compared
Exness pros
- ✓ Industry-leading raw spreads from 0.0 pips on majors
- ✓ Instant withdrawals 24/7 via crypto and e-wallets
- ✓ Multi-jurisdictional regulation including CySEC and FCA
- ✓ Strong MENA presence with Arabic-language support
- ✓ Negative balance protection on all account types
Cons
- ✗ Variable leverage caps depending on entity (EU = 1:30 retail)
- ✗ Limited educational content vs. competitors like XM
- ✗ No proprietary trading platform beyond MT4/MT5
Pepperstone pros
- ✓ Seven tier-1 regulators including FCA, ASIC, CySEC, BaFin, DFSA
- ✓ No minimum deposit — start with any amount
- ✓ Razor account spreads from 0.0 pips with $3.50/lot commission
- ✓ Native TradingView platform integration for chart-first traders
- ✓ 1,200+ instruments incl. shares CFDs from 16 global exchanges
Cons
- ✗ Limited crypto offering vs. Exness or Bybit
- ✗ EU leverage 1:30 (ESMA)
- ✗ No proprietary platform — relies on third-party
Which one should you choose?
Choose Pepperstone if you want…
Serious retail traders who want tier-1 regulation, tight spreads, and platform choice (MT4/5/cTrader/TradingView).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with Pepperstone. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Frequently asked questions
Which is better — Exness or Pepperstone?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), Pepperstone wins 4 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is Exness more regulated than Pepperstone?
Exness holds licenses from: CySEC, FCA, FSCA, FSA Seychelles. Pepperstone holds licenses from: FCA, ASIC, CySEC, DFSA, BaFin, SCB, CMA Kenya. Pepperstone has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at Exness vs Pepperstone?
Exness spreads start from 0.0 pips (Raw Spread / Zero account). Pepperstone spreads start from 0.0 pips (Razor). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, Exness or Pepperstone?
Exness: $10. Pepperstone: $0 (no minimum). Pepperstone has the lower entry barrier.
