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.
|Broker Name||Saxo Bank||Pepperstone|
|Regulation||FCA (UK), FINMA (Switzerland), ASIC and FSC (Australia), and JFSA (Japan)||ASIC, FCA, DFSA|
|Tradable Assets||40,000 instruments, forex, spot FX, FX options, NDFs) CFDs, stocks, stock options, ETFs, ETNs, futures, and 33,000 bonds (available only via phone)||Indices, Shares Forex, Commodities, cryptocurrencies, CFDs|
|Min Deposit||$10,000 (£500) for ‘Classic’ Account, Higher entry ‘Platinum’ ($200K) and ‘VIP’ ($1M) accounts||AUD $200|
|Min Trade||$0||AUD $1|
|Platforms||SaxoTraderGO||iOS, Android, Windows and MacOS|
|Deposit||Free of charge||Free of charge|
|Withdrawals||Free of charge||Free of charge|
Pepperstone is a trustworthy forex and CFD broker with great customer support and account opening processes. It has licenses from the FCA, ASIC, and DFSA. 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.
|Commissions & Fees||5||4|
|Offering of Investments||5||3.5|
|Platforms & Tools||5||4|
|66% of retail CFD accounts lose money||Between 74-89% of retail CFD accounts lose money|
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 127. Saxo Bank has a limited asset offering. Pepperstone has a comprehensive portfolio, including indices, shares, forex, mutual funds, cryptocurrencies, commodities, and CFDs.
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. 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, credit/debit, PayPal, and Skrill.
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.
Other broker comparison:
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- Saxo Bank vs eToro
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- Saxo Bank vs Forex.com
- Saxo Bank vs Plus500
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.