Saxo Bank vs JP Markets
| Saxo Bank | JP Markets |
|---|---|
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| A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms | JP Markets is an award-winning South African Forex and CFD broker. |
 Traders from US not accepted |
Traders from US not accepted |
| Awards | |
| South Africa’s Best Broker 2019 - Global Business Outlook
South Africa’s Fastest Growing Broker 2019 - International Finance The Most Transparent Broker 2019 - The European Forex CEO of the year South Africa 2020 - International Business Magazine |
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| Bonus | |
| None | 200% deposit bonus up to R280,000 |
| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs | Forex CFDs, indices, stocks, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10000 | $0 |
| Payment Methods | |
| Credit Card, JCB Card, Mastercard, Visa, Wire Transfer | Credit Card, Skrill |
| Minimum Trade | |
| Vary by asset | 0.01 lots |
| Regulator | |
| Danish FSA, FCA and Others | FSB |
| Margin Trading | |
| No | No |
| Margin Rate | |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| Mobile Apps | |
| SaxoTraderGo (iOS, Android, Windows) | Yes |
| Auto Trading | |
| No | No |
| Trade Signals | |
| Yes | No |
| Social Trading | |
| No | No |
| Copy Trading | |
| No | No |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
| USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF | - |
| CFD | |
| Leverage | |
| 1:30 | 1:200 |
| FTSE Spread | |
| 1.2 pts (Variable) | 19 pips |
| GBPUSD Spread | |
| 0.7 (var) | 2.4 pips |
| Oil Spread | |
| 0.03 | 10 pips |
| Stocks Spread | |
| 0.10% (subject to min commission) | From 0.7 pips |
| Forex | |
| 30 currency pairs are available to trade | |
| GBPUSD Spread | |
| 0.7 (varies by region) | 2.4 pips |
| EURUSD Spread | |
| 0.2 (varies by region) | 2 pips |
| EURGBP Spread | |
| 0.6 (varies by region) | 2.4 pips |
| Assets | |
| 40+ | 30 |
| Cryptocurrency | |
| Crypto trading not offered | Trading is available on just four popular crypto pairs |
| Spread | |
| Variable | |
| Coins | |
| BTC, LTC, ETH, XRP | |
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