Pepperstone vs. Saxo Bank Comparison

This contrast guide helps individuals that have a hard time to select in between Pepperstone and Saxo Bank to find the best online broker for their trading and financial investment demands. It examines the main features of the two brokers side by side to assist customers contrast their service and make a notified choice.

To help users choose the best broker between Pepperstone and Saxo Bank to discover the best-suited platform, listed below is a listing of broker’s advantages and disadvantages, complied with by a contrast of their main trading features, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, possessions, guideline, and customer assistance.

Pepperstone vs. Saxo Bank: Summary

Pepperstone logo

Pepperstone is an Australian based forex and CFD broker founded in 2010. The broker is regulated by top-tier financial authorities including the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investments Commission (ASIC). Their platform offers access to 180 + financial instruments including forex and CFDs on stocks, indices, commodities and cryptocurrencies. The combined offering of cTrader, MetaTrader and various social trading features makes this broker a great fit for copy and algorithmic traders.

Pepperstone charges lower trading fees compared to other forex and CFD brokers like AvaTrade and IG. They charge zero spreads on most forex pairs and a fixed commission of $3,50.

Pepperstone’s customer service is available through phone, email, online chat and an extensive FAQ section.

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

Pros

  • Low minimum deposit ($0)
  • Low Forex spreads from 0.0 pips
  • Multiple third party integrations (MT4, MT5, cTrader, Tradingview)
  • Extensive Social trading features
  • Excellent education and research materials

Cons

  • Lack of video educational materials
  • Limited advanced order types

Pros

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

Key features

  • 60+ Forex pairs and 700+ different CFDs
  • MetaTrader 4, MetaTrader 5, cTrader trading platforms
  • TradingView integration
  • Zero spreads on a few forex pairs including EUR/USD
  • Special set of tools for professional traders
  • Islamic swap-free account available

Key features

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

Pepperstone vs. Saxo Bank Comparison

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Pepperstone logo

Pepperstone

Open account Read review

74-89% of retail CFD accounts lose money

Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Pepperstone logo
Saxo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.8

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

4.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.6 1
Stocks & ETF 0 0.08% with $1 min. commission on US stocks
CFD (Gold) 1.3 $0.60
Crypto 0 0
Options 0 $0.75
Conversion Fees 0 0,75%
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

4.7

See details
Minimum deposit (in UAE) $0 $5000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.9

See details
Shares 0 30.000
ETF & Funds 0 5.800
Crypto 0 9
Commodities 0 0
Indices 0 0
Options 0 3.000
Futures 0 300
Bonds 0 4.200
Forex Instruments 63 200
CFD Indices & Funds 123 50
CFD Stocks 600 19.000
CFD Commodities 31 50
CFD Crypto 23 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.9

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.8

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Pepperstone vs. Saxo Bank Comparison Conclusion

The results of our contrast of Pepperstone vs. Saxo Bank are wrapped up in the table listed below.

Broker:Best For:
PepperstoneForex and CFDs and algorithmic trading
Saxo BankPremium Trades and CFD Trading

Choosing the appropriate selection between Pepperstone and Saxo Bank can be difficult. Both on the internet brokers have resemblances yet vary pertaining to trading instruments, systems & applications, regulation, down payment & withdrawals, and research and education and learning. Picking the best broker depends upon customers’ trading & financial investment goals, individual choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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