Saxo Bankvs
SkillingCrypto Exchange Comparison
Two regulation-forward brokers clash on crypto CFDs via proprietary platforms. The tension centers on support accessibility, coin depth, and pricing transparency.
Our Verdict
Saxo Bank winsby 0.2 pts
Saxo Bank and Skilling are closely matched overall. The clearest differentiator is phone support, with Saxo Bank offering it and Skilling not.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Saxo Bank offers phone support; Skilling does not.
- 2Saxo lists 20 coins; Skilling offers 40 coins.
- 3Saxo uses transparent pricing; Skilling pricing is not transparent.
Who should choose Saxo Bank vs Skilling?
Find out which crypto exchange best suits your trading profile.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
It’s a tie
Both equally suited
Saxo Bank wins for stronger regulatory framework and Danish banking licence.
Best for low fees
Recommended
Skilling wins for lower ongoing costs with no inactivity fee and competitive spreads.
Saxo Bank vs Skilling: Side-by-Side Crypto Exchange Comparison
| Criteria |  Saxo Bank |  Skilling |
|---|---|---|
| Editorial score | 3.9/ 5 | 3.7/ 5 |
| Min Deposit | No minimum▼ lower | $50 |
| Spreads From | 0.6 pips▼ lower | 0.7 pips |
| Taker Fee | N/A | N/A |
| Inactivity Fee | $100/quarter (low-balance accounts) | $10/month (after 90 days) |
Saxo Bank vs Skilling Crypto Exchange Pros & Cons
Pros
- Danish banking licence, highest regulatory framework among retail crypto providers
- Integrated crypto CFDs on SaxoTraderGO alongside stocks, FX, bonds, and futures
- Audited public accounts provide financial transparency not available from most crypto platforms
- 20+ major crypto CFDs including BTC, ETH, SOL, XRP, and other leading tokens
Cons
- CFDs only, no real crypto ownership, staking, or on-chain access
Saxo Bank vs Skilling: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
2
Saxo Bank
criteria wins
1
Skilling
criteria win
Highlighted rows show where the two exchanges differ
| Criteria | Saxo Bank | Skilling |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Fail |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Fail | Fail |
| Phone support | Pass | Fail |
Saxo Bank vs Skilling: Frequently Asked Questions
The scores are close: Saxo Bank rates 3.9/5 and Skilling rates 3.7/5. Saxo Bank has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Saxo Bank lists a lower spread from 0.6, compared with Skilling's 0.7. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
Saxo Bank has no minimum deposit, while Skilling requires at least $50. This makes Saxo Bank more accessible for traders looking to start with a smaller crypto investment.
Both Saxo Bank and Skilling hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each exchange's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Saxo Bank has no minimum deposit, removing the capital barrier entirely, and both exchanges provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Saxo Bank offers up to 2:1 on perpetual or margin products, versus Skilling's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile, while Skilling supports cTrader, Skilling Trader, MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile. Skilling has exclusive access to cTrader and Skilling Trader and MetaTrader 4.
Skilling scores better on fee criteria (no deposit fee, no inactivity fee). Always check both exchanges' current fee schedules, as maker/taker rates and withdrawal fees vary and are subject to change.
