Which trading platform is best, Pepperstone or Saxo Markets?

Saxo Capital Markets is a better trading platform compared to Pepperstone based on our broker matrix. Winning in areas such as offering the highest number of markets and the most trading platforms. Compare the main features of these two top brokers Pepperstone and Saxo Capital Markets.

pepperstone review
Visit Pepperstone
79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pepperstone Reviews
Pepperstone Total Markets
178
Forex Pairs62
Commodities32
Indices28
UK Stocks192
US Stocks880
ETFs107
Pepperstone Key Info
Number Active Clients110000
Minimum Deposit0
Inactivity Fee0
Founded2010
Public Company
Pepperstone Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Pepperstone Average Fees
FTSE 1001
DAX 300.9
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.09
GBPUSD0.28
USDJPY0.14
Gold0.05
Crude Oil2
UK Stocks0.001
US Stocks$0.02 per share
Compare AlternativesPepperstone Versus IG
Pepperstone Versus CMC Markets
Pepperstone Versus Saxo Markets
Pepperstone Versus Spreadex
Pepperstone Versus City Index

saxo capital makets review
Visit Saxo
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Saxo Markets Reviews
Saxo Markets Total Markets
9000
Forex Pairs182
Commodities19
Indices29
UK Stocks5000
US Stocks2000
ETFs675
Saxo Markets Key Info
Number Active Clients525000
Minimum Deposit500
Inactivity Fee£25 per quarter
Founded1992
Public Company
Saxo Markets Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting
DMA (Direct Market Access)✔️
Futures Trading✔️
Options Trading✔️
Investing Account✔️
Saxo Markets Average Fees
FTSE 1001
DAX 301
DJIA3
NASDAQ1
S&P 5000.5
EURUSD0.6
GBPUSD0.7
USDJPY0.6
Gold0.6
Crude Oil0.5
UK Stocks0.0005
US Stocks$0.01 per share
Compare AlternativesSaxo Markets Versus IG
Saxo Markets Versus CMC Markets
Saxo Markets Versus Pepperstone
Saxo Markets Versus City Index
Saxo Markets Versus Spreadex
Table last updated: 24th November 2021 2:36 pm

Which trading platform has the best customer reviews?

Pepperstone has better customer reviews than CMC MarketsPepperstone has the highest scores within the Good Money Guide multi-factor rating system outscoring Saxo Capital Markets by 4.625 to 3.625 points. The firms each scored 4.4 out of 5.0 in the Apple app store ratings, however, Pepperstone scored highest in Google Play reviews with 4.50 out of 5.0 compared to Saxo Capital Markets’ score of 4.10. Pepperstone had a far higher Trustpilot rating with a score of 4.60 against Saxo Capital’s rating of just 2.0 out of 5.0 Find out why customer reviews are important

Which trading platform offers the most markets?

Saxo Markets offers its clients 19,000 markets to trade in many more than the 178 offered by rival broker Pepperstone. Saxo Capital Markets offers more FX pairs, commodities, stocks and equity indices than Pepperstone. Find out why market access is important

Which trading platform offers the most platforms?

Saxo Markets offers more trading platforms than Pepperstone. It has two in-house dealing systems, SaxoGo and SaxoPro, as well as the Metaquotes MT4 platform. However, it also offers connectivity to third-party platforms, such as TradingView and Multicharts, which you can trade from. Pepperstone offers Metaquotes MT4 and MT5 platforms alongside cTrader, all three of which are available in desktop and mobile versions. Find out why trading platforms are important

Which trading platform offers the most different types of account?

Saxo Markets offers the most different types of accounts with a margin trading account, a direct market access, or DMA account, and an investing account. Pepperstone offers three trading accounts, its standard and razor accounts, for trading CFDs and FX as well as a dedicated Spread Betting account. Both Pepperstone and Saxo Capital Markets offer accounts for retail and professional clients. Find out why account types are important

Which trading platform is a more established business?

Saxo Markets was founded in 1992, 18 years before Pepperstone was established, in 2010. Saxo Markets set up a permanent presence in London in 2006, whilst Pepperstone opened its London operations in 2016 before going live in 2017. Find out why a trading platforms history is important

Which trading platform has the lowest trading costs?

Saxo Markets has lower overall trading costs compared to Pepperstone. However, Pepperstone is the cheapest across the active FX pairs we sampled, with an average spread of just 0.323 pips compared to Saxo Capital Markets’ score of 0.641 pips. Saxo Capital Markets offers the lowest trading costs in equity indices with an average spread of 3.83 index points compared to Pepperstone’s 5.43 points. Saxo Capital Markets also has the lowest trading costs in US equity trading at 1 cent per share versus Pepperstone’s charge of 2 cents. Find out why trading costs are important

Which trading platform offers the most margin?

Pepperstone offers the most margin with leverage of up to 500:1 for professional clients versus Saxo Capital Markets’ maximum leverage of 66:1. Margins for retail traders are set at the FCA/ESMA thresholds at both Pepperstone and Saxo Capital Markets. These are the maximum leverage ratios permitted under the current UK and European legislation. Find out why leverage and margin are important

Which trading platform offers the lowest overnight financing rates?

Saxo Markets is the only one of the two brokers to publish any information on overnight funding charges so no direct comparison was possible. Find out why overnight financing rates are important

Which trading platform offers the most added value?

Saxo Markets offers the most added value, both they and Pepperstone score 5 out of a maximum of 6 in this metric, but Saxo Markets has a wider range of research and analysis compared to Pepperstone. Both Saxo Markets and Pepperstone offer educational webinars and tutorials for both the novice and more advanced traders and each publishes regular analysis, research and market updates to keep clients informed and to highlight trading opportunities. Each firm also offers a personal service to its customers, particularly to their more active traders. Find out why added value is important
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