Saxo Bank vs ThinkMarkets Crypto Exchange Comparison
A head-to-head comparison of Saxo Bank and ThinkMarkets across security, fees, coin selection, staking, and editorial scoring.
Score 3.9 / 5
Saxo Bank offers cryptocurrency CFDs on Bitcoin, Ethereum, and select major tokens via SaxoTraderGO - backed by Danish banking regulation and institutional-grade custody, though the selection is narrow and CFD-only with no real coin ownership.
VS
Score 3.8 / 5
ThinkMarkets offers crypto CFDs on 20+ pairs via MT4, MT5, and ThinkTrader under FCA and ASIC regulation - a well-regulated mobile-first broker with a competitive crypto CFD offering for active traders.
Our Verdict
Saxo Bank winsby 0.1 pts
Saxo Bank edges ahead with a score of 3.9/5 vs ThinkMarkets's 3.8/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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
Both exchanges show an equally strong security profile across cold storage, proof of reserves, and regulatory oversight.
Best for low fees
Recommended
ThinkMarkets has a lower fee profile: no deposit fee, no inactivity fee.
Best for beginners
Recommended
Saxo Bank edges out ThinkMarkets with a higher editorial score (3.9/5 vs 3.8/5), indicating a stronger overall experience for new crypto traders.
Best for coin selection
Insufficient data
Data not yet available
Coin-selection data is not yet available for this pair. Check each exchange's supported assets page to compare the number of tradeable cryptocurrencies.
Best for DeFi & Web3
Insufficient data
Data not yet available
DeFi and NFT feature data is not yet available for this pair. Check each exchange's Web3 product pages directly.
Saxo Bank vs ThinkMarkets: Side-by-Side Crypto Exchange Comparison
| Criteria |  Saxo Bank |  ThinkMarkets |
|---|---|---|
| Editorial Score | 3.9/ 5 | 3.8/ 5 |
| Min. Deposit | No minimum | No minimum |
| Regulators | FCA ASIC JFSA ACPR CNMV DFSA FINMA Finansinspektionen Finanstilsynet CMA MAS SFC CBI FSC Finanstilsynet KNF MFSA | FCA FSCA ASIC JFSA |
| Cold Storage | No | No |
| Proof of Reserves | No | No |
| Staking | No | No |
| DeFi Integration | No | No |
| NFT Trading | No | No |
| 500+ Coins | No | No |
| P2P Trading | No | No |
| Crypto Earn / Savings | No | No |
| Token Launchpad | No | No |
| Visit exchange | Visit Saxo Bank | Visit ThinkMarkets |
Saxo Bank vs ThinkMarkets 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
- Narrower selection (~20 coins) vs dedicated crypto exchanges
- Classic tier spreads (0.5–1.5%) are wider than ECN alternatives
- No inactivity-exempt tier - monthly fees apply to low-balance accounts
Pros
- ThinkTrader is one of the highest-rated mobile platforms in retail CFD trading
- FCA and ASIC regulated with FSCS and ASIC client money protection
- Crypto CFDs across MT4, MT5, and ThinkTrader with ThinkCopy social trading
- No minimum deposit on standard accounts
Cons
- CFDs only - no real crypto ownership, staking, or on-chain access
- Narrower coin selection (20+) than most competitors at this level
- ThinkCopy ecosystem smaller than eToro's or NAGA's social platforms
- ThinkZero account with tighter spreads requires a separate application
Saxo Bank vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
1
Saxo Bank
criteria win
2
ThinkMarkets
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | Saxo Bank | ThinkMarkets |
|---|---|---|
| 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 | Pass |
| Phone support | Pass | Pass |
Saxo Bank vs ThinkMarkets: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 3.9/5 vs 3.8/5 for ThinkMarkets. The best choice still depends on your individual needs — security, coin selection, fees, and staking offerings all matter.
Saxo Bank and ThinkMarkets show a similar security profile in our data. Both should be evaluated on cold storage practices, proof of reserves, regulatory oversight, and whether client funds are held separately from operational funds.
ThinkMarkets has a lower fee profile, with no deposit fee and no inactivity fee. Always check each platform's trading fee schedule directly, as crypto exchange fees vary by asset, trading volume, and account tier.
Neither Saxo Bank nor ThinkMarkets is listed as offering staking in our data. Check each exchange's website directly for the most up-to-date staking offerings, as this feature changes frequently.
Both Saxo Bank and ThinkMarkets require a minimum deposit of no minimum to start trading.
For beginners: Saxo Bank has a higher overall editorial score. Also consider each exchange's educational resources, customer support quality, and the simplicity of their user interface before deciding.
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