Pepperstone vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for Pepperstone and Saxo Bank.
PepperstoneTrust 9.2/10
ASIC
FCA
CySEC
DFSA
Award-winning Australian broker, top choice for cTrader and algo traders. Razor account offers raw spreads with $7/lot commission. Multi-regulated across ASIC, FCA, CySEC, DFSA and BaFin.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Established Danish investment bank offering one of the broadest product ranges in retail trading: forex, CFDs, stocks, ETFs, bonds, futures, and options across 50+ markets. Multi-regulated under FINMA, FCA, ASIC, MAS, JFSA. Premium platform (SaxoTraderGO/PRO) suits experienced and institutional traders.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Pepperstone is tighter on EUR/USD.
Side-by-side comparison
| Feature | Pepperstone | Saxo Bank |
|---|---|---|
| Trust score | 9.2 | 9.4 |
| Regulators | ASIC, FCA, CySEC, DFSA, BaFin, CMA, SCB | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | — | — |
| Founded | — | — |
| Min deposit | $200 | $0.00 |
| Max leverage | 1:500 | 1:200 |
| EUR/USD spread | 0.09 pips | 0.40 pips |
| Commission per lot | $7 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | — |
| Withdrawal methods | — | — |
| Withdrawal speed | — | — |
| Base currencies | — | — |
Pepperstone is best for
Algo traders
Scalpers
cTrader users
AU and NZ residents
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients