Compare SAXO BANK with the best brokers
ICM capital
ICM Capital is a UK-origin broker that operates worldwide. The firm provides access to diverse trading products, including FOREX, commodities, futures, and indices. ICM offers a secure and efficient trading environment by combining advanced technology with deep liquidity. The company prides itself on delivering high liquidity, tight spreads, mobile trading, and advanced technical analysis.
Compare broker| Evaluation | 9.11 |
| Regulations | |
| Minimum Deposit | $200 |
| Islamic Account | yes |
| Payment Methods | Bank transfer, credit card, Electronic Banks, Crypto |
| Main Branch | London |
| Demo Account | No |
| Trading Platforms | MT4, MT5, C TRADER, Web Platform |
Pros
- Segregated client funds.
- Regulated by the UK’s FCA.
- Long trading history from 2009.
- More than 300,000 traders, showing trust.
- Decent funding options.
- No swaps.
- MetaTrader4 (MT4) desktop and mobile download.
- Competitive spreads
- ECN spreads starting from zero pips.
- Fast execution and no-requotes.
Cons
- No proprietary platform.
- No US services.
- Limited cryptocurrency offerings.
- Inactivity fees which deter casual traders.
Tradeview
Tradeview Markets, the parent company of Tradeview Forex, was established in 2004 and is headquartered in the Cayman Islands. It is committed to offering a broad and accessible trading environment through ECN trading with direct access to over 50 banks and prime liquidity providers, ensuring tight spreads. The broker offers access to a wide range of financial instruments, including FOREX, indices, stocks, cryptocurrencies, and commodities.
Register Now| Evaluation | 10.00 |
| Regulations | |
| Minimum Deposit | $100 |
| Islamic Account | Yes |
| Payment Methods | Bank Transfer, Credit Cards, Crypto, Electronic banks, local deposits |
| Main Branch | New York, United States of America |
| Demo Account | No |
| Trading Platforms | Metatrader 4, Metatrader 5, cTrader, API/FIX |
Pros
- Variety of trading platforms, such as MT4, MT5, cTrader, and Currenex, catering to different trading preferences and strategies.
- Provides ECN trading through its innovative Liquidity Connector®, granting direct access to over 50 banks and liquidity providers. Offers tight spreads starting from 0 pips.
- A low minimum deposit of only $100 is required to start trading, making it accessible to a wide range of traders.
- Offers a broad range of financial instruments, including FOREX, indices, stocks, cryptocurrencies, and commodities, thus catering to diverse trading interests.
- Offers educational materials and a demo account, suitable for both beginners and experienced traders looking to refine their strategies.
- Supports automated trading through the use of Expert Advisors (EA) on MT4 and MT5 platforms.
- Regulated by CIMA, MFSA, and will soon be regulated by the UK’s Financial Conduct Authority (FCA).
- Offers global customer service in multiple languages, catering to international traders.
- Offers competitive leverage up to 400:1.
- Charges no fees for deposits, making it cost-effective for traders to fund their accounts.
Cons
- While regulated by CIMA and the MFSA, the broker is still in the final stages of becoming regulated by the tier-one FCA.
- This means, unfortunately, that the broker currently has no way of offering compensation to affected traders if the broker goes bust. Of course, once FCA regulation is obtained, it will be mandatory for the broker to be part of the Financial Services Compensation Scheme (FSCS) where you could be entitled to compensation of up to £85,000.
- Trades on the Innovative Liquidity Connector® account are subject to commission charges, which may add to trading costs.
- Lacks a dedicated mobile app, relying instead on the mobile versions of its available trading platforms.
- While offering high leverage up to 400:1 can be an advantage, it also introduces significant risks, especially for new traders.
SAXO BANK
Saxo Bank is a well-established, low-risk broker based in Denmark, offering a wide range of trading services to sophisticated traders, institutions, and professional investors. It operates under strict regulatory oversight in multiple tier-1 jurisdictions, ensuring a secure environment for trading. The broker provides advanced trading platforms such as SaxoTraderPRO and SaxoTraderGO, catering to high-volume and professional traders with competitive spreads and access to over 71,000 instruments.
| Evaluation | 8.09 |
| Regulations | |
| Minimum Deposit | $0 |
| Islamic Account | No |
| Payment Methods | Bank transfer, Credit Card |
| Main Branch | Copenhagen, Denmark |
| Demo Account | No |
| Trading Platforms | SaxoTrader |
Pros
- Extensive range of offerings.
- Offers portfolio-based margin trading for pros.
- Regulated by top regulators.
- Excellent trading platforms.
- Diverse account types.
- Among the industry’s best research tools.
- Offers protection for client accounts.
- No inactivity fee.
- No platform fees.
- No minimum funding for entry-level accounts.
Cons
- Some bonds, options, and futures fees are high.
- With so many assets, fees can be confusing.
- High minimum deposit for Platinum and VIP accounts.
- Does not accept US clients.
- No MT4 for traders who are used to the platform.
- No GSLO.
- No Islamic accounts.
ICM capital
ICM Capital is a UK-origin broker that operates worldwide. The firm provides access to diverse trading products, including FOREX, commodities, futures, and indices. ICM offers a secure and efficient trading environment by combining advanced technology with deep liquidity. The company prides itself on delivering high liquidity, tight spreads, mobile trading, and advanced technical analysis.
Compare broker| Evaluation | 9.11 |
| Regulations | |
| Minimum Deposit | $200 |
| Islamic Account | yes |
| Payment Methods | Bank transfer, credit card, Electronic Banks, Crypto |
| Main Branch | London |
| Demo Account | No |
| Trading Platforms | MT4, MT5, C TRADER, Web Platform |
Pros
- Segregated client funds.
- Regulated by the UK’s FCA.
- Long trading history from 2009.
- More than 300,000 traders, showing trust.
- Decent funding options.
- No swaps.
- MetaTrader4 (MT4) desktop and mobile download.
- Competitive spreads
- ECN spreads starting from zero pips.
- Fast execution and no-requotes.
Cons
- No proprietary platform.
- No US services.
- Limited cryptocurrency offerings.
- Inactivity fees which deter casual traders.
SAXO BANK
Saxo Bank is a well-established, low-risk broker based in Denmark, offering a wide range of trading services to sophisticated traders, institutions, and professional investors. It operates under strict regulatory oversight in multiple tier-1 jurisdictions, ensuring a secure environment for trading. The broker provides advanced trading platforms such as SaxoTraderPRO and SaxoTraderGO, catering to high-volume and professional traders with competitive spreads and access to over 71,000 instruments.
| Evaluation | 8.09 |
| Regulations | |
| Minimum Deposit | $0 |
| Islamic Account | No |
| Payment Methods | Bank transfer, Credit Card |
| Main Branch | Copenhagen, Denmark |
| Demo Account | No |
| Trading Platforms | SaxoTrader |
Pros
- Extensive range of offerings.
- Offers portfolio-based margin trading for pros.
- Regulated by top regulators.
- Excellent trading platforms.
- Diverse account types.
- Among the industry’s best research tools.
- Offers protection for client accounts.
- No inactivity fee.
- No platform fees.
- No minimum funding for entry-level accounts.
Cons
- Some bonds, options, and futures fees are high.
- With so many assets, fees can be confusing.
- High minimum deposit for Platinum and VIP accounts.
- Does not accept US clients.
- No MT4 for traders who are used to the platform.
- No GSLO.
- No Islamic accounts.
Tradeview
Tradeview Markets, the parent company of Tradeview Forex, was established in 2004 and is headquartered in the Cayman Islands. It is committed to offering a broad and accessible trading environment through ECN trading with direct access to over 50 banks and prime liquidity providers, ensuring tight spreads. The broker offers access to a wide range of financial instruments, including FOREX, indices, stocks, cryptocurrencies, and commodities.
Register Now| Evaluation | 10.00 |
| Regulations | |
| Minimum Deposit | $100 |
| Islamic Account | Yes |
| Payment Methods | Bank Transfer, Credit Cards, Crypto, Electronic banks, local deposits |
| Main Branch | New York, United States of America |
| Demo Account | No |
| Trading Platforms | Metatrader 4, Metatrader 5, cTrader, API/FIX |
Pros
- Variety of trading platforms, such as MT4, MT5, cTrader, and Currenex, catering to different trading preferences and strategies.
- Provides ECN trading through its innovative Liquidity Connector®, granting direct access to over 50 banks and liquidity providers. Offers tight spreads starting from 0 pips.
- A low minimum deposit of only $100 is required to start trading, making it accessible to a wide range of traders.
- Offers a broad range of financial instruments, including FOREX, indices, stocks, cryptocurrencies, and commodities, thus catering to diverse trading interests.
- Offers educational materials and a demo account, suitable for both beginners and experienced traders looking to refine their strategies.
- Supports automated trading through the use of Expert Advisors (EA) on MT4 and MT5 platforms.
- Regulated by CIMA, MFSA, and will soon be regulated by the UK’s Financial Conduct Authority (FCA).
- Offers global customer service in multiple languages, catering to international traders.
- Offers competitive leverage up to 400:1.
- Charges no fees for deposits, making it cost-effective for traders to fund their accounts.
Cons
- While regulated by CIMA and the MFSA, the broker is still in the final stages of becoming regulated by the tier-one FCA.
- This means, unfortunately, that the broker currently has no way of offering compensation to affected traders if the broker goes bust. Of course, once FCA regulation is obtained, it will be mandatory for the broker to be part of the Financial Services Compensation Scheme (FSCS) where you could be entitled to compensation of up to £85,000.
- Trades on the Innovative Liquidity Connector® account are subject to commission charges, which may add to trading costs.
- Lacks a dedicated mobile app, relying instead on the mobile versions of its available trading platforms.
- While offering high leverage up to 400:1 can be an advantage, it also introduces significant risks, especially for new traders.
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