Saxo Bank and Pepperstone are leading online brokers with top-tier licenses. Saxo Bank has an impressive trading platform and market research data. It offers a transparent fee structure and active trading discounts. Saxo Bank has licenses from ASIC, SFC, FSA, MAS, FINMA, and FCA. We recommend it for traders of all levels of experience.
Select up to 3 Brokers
69% of retail investor accounts lose money when trading CFDs with this provider.
74-89% of retail CFD accounts lose money
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Inactivity Fee||$100 / 6months||0|
|Cost Per Trade||0||0|
|Cost Per Month||0||0|
|Stocks & ETF||$1||0|
Deposit & Withdrawal
|Minimum deposit (in UAE)||$2000||$200|
|Islamic Account Transfer|
|ETF & Funds||5.800||0|
|CFD Indices & Funds||50||123|
|Tier 1 License|
|Tier 2 License|
|Tier 3 License|
Research & Education
|Daily News Updates|
|Market Indepth Analysis|
|Pers. Training & Room|
|Personal Account Manager|
Pepperstone is a trustworthy forex and CFD broker with great customer support and account opening processes. It has licenses from the ASIC, FCA, DFSA, CySEC, CMA, SCB, and BaFIN. We recommend it for traders at all levels, from casual to professional.
Both online brokers have advantages and disadvantages. This article discusses the differences between Pepperstone and Robinhood.
Top findings from the Saxo Bank vs. Pepperstone review:
- Saxo Bank has competitive pricing and trading platforms with access to social trading features.
- Pepperstone is a safe broker with many tradable assets and easy-to-understand platforms.
- Both brokers offer a demo account and social trading features.
We recommend Saxo Bank to all traders that want to access reliable trading information. However, Pepperstone is a better choice for beginner traders because of its several research and educational tools.
Level of experience
Both brokers offer useful tools for beginner traders. Saxo Bank has diverse educational and market data, which is why advanced traders prefer it. This broker offers webinars, tutorials, and advanced research data.
Pepperstone is a leading provider of educational features and materials, including trading guides and videos. Its platforms are simple to understand, which is why it’s a good choice for inexperienced traders.
Saxo Bank has a minimum deposit fee of US$10,000, while Pepperstone charges only US$200. The average EUR/USD spread with Saxo Bank is 0.8 pips, while with Pepperstone is 0.75 pips. Both brokers offer active trading discounts.
Saxo Bank offers 170 currency pairs, while Pepperstone has 61 available pairs. Saxo Bank has 9000 CFDs, while Pepperstone has 1200+. Saxo Bank has a limited asset offering. Pepperstone has a comprehensive portfolio, including CDFs in indices, shares, forex, mutual funds, cryptocurrencies, and commodities.
Saxo Bank offers access to desktop, web, and mobile trading platforms. These come with a virtual trading account, watch lists, and charting tools. Saxo Bank has MetaTrader4 and social trading. It is a good choice for both experienced and beginner traders.
Pepperstone offers a broad range of desktop and web trading platforms, including the MetaTrader suite and TradingView. These come with excellent learning tools, including copy trading and cTrader. It is an excellent choice for beginner traders.
Banking services are useful to traders of all levels of experience. Saxo Bank offers bank transfers and credit/debit cards. Pepperstone has a comprehensive offer with bank transfers and credit/debit.
Saxo Bank and Pepperstone are the leading online brokers. Both have strengths and weaknesses depending on your trading experience and needs. We recommend Saxo Bank to active traders who want to use professional tools and receive VIP service. Pepperstone is a good fit for beginner traders because of its research and learning tools.
Saxo Bank compared to other brokers:
- Saxo Bank review
- Saxo Bank vs AVAtrade
- Saxo Bank vs Pepperstone
- Saxo Bank vs XTB
- Saxo Bank vs eToro
- Saxo Bank vs Interactive Brokers
- Saxo Bank vs Forex.com
- Saxo Bank vs Plus500
- Saxo Bank vs VT Markets
- Saxo Bank vs HYCM
- Saxo Bank vs Vantage FX
- Saxo Bank vs OandA
- Saxo Bank vs IC Markets
- Saxo Bank vs TD Ameritrade
- Saxo Bank vs CMC Markets
- Saxo Bank vs Tickmill
- Saxo Bank vs IG
- Saxo Bank vs City Index
- Saxo Bank vs Swissquote
- Saxo Bank vs Fp Markets
- Saxo Bank vs Fx Pro
- Saxo Bank vs FXCM
- Saxo Bank App
- Saxo Bank Minimum Deposit
- Saxo Bank Fees Explained
- Is Saxo Bank Legit?
- Saxo Bank Account Opening
- Saxo Bank Customer Service
- Is Saxo Bank Free?
- Is Saxo Bank Good For Beginners?
- How to Buy/Sell Silver On Saxo Bank
- Can You Trade Options At Saxo Bank?