In this head-to-head, ActivTrades and Saxo Bank clash over platform choice and asset breadth. The axis of tension centers on regulation breadth and cost structures.
Saxo Bank is the stronger pick overall, backed by deeper multi-asset coverage and broader regulatory oversight, yielding a higher editorial score (4.7) than ActivTrades (4.3).
Find out which broker best suits your trader profile.
Choose ActivTrades if…
Choose ActivTrades if you want MT4/MT5 support, no inactivity fee, and access to about 1,000 instruments.
Choose Saxo Bank if…
Choose Saxo Bank if you value no MT4/MT5 support, no 24/5 live chat, and access to about 71,000 instruments.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
ActivTrades offers tighter spreads from 0.50 pips vs 0.60 pips for Saxo Bank, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.9 / 5▲ |
Pros
FCA regulated with supplemental insurance up to GBP 1,000,000 per client
ActivTrader's volatility protection feature is a genuine risk management differentiator
No minimum deposit
Strong southern European presence, Italian, Spanish, Portuguese support
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ActivTrades | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: ActivTrades rates 4.3/5 and Saxo Bank rates 4.7/5. 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.
ActivTrades starts from 0.5 pips, tighter than Saxo Bank's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither ActivTrades nor Saxo Bank requires a minimum deposit, making both accessible regardless of starting capital.
Both ActivTrades and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
ActivTrades lists maximum leverage of 400:1, while Saxo Bank lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
ActivTrades supports MetaTrader 4, ActivTrader, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. ActivTrades has exclusive access to MetaTrader 4 and ActivTrader. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
Saxo Bank wins for safety & regulation due to broader regulators and segregated client funds.
Saxo Bank wins for active traders with tiered pricing and a deep multi-asset platform.
ActivTrades is better suited for scalpers: tighter spreads from 0.50 pips.
Saxo Bank wins for platform choice with SaxoTraderGO/PRO and advanced tools.
ActivTrades wins for beginners with zero minimum deposit and accessible 24/5 live chat.
Saxo Bank wins for instrument variety with about 71,000 instruments.
Fees & Spreads 30% weight | 4.2 / 5 | 4.4 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.3 / 5 | 4.8 / 5▲ |
|---|
Customer Support 10% weight | 4.3 / 5 | 4.6 / 5▲ |
|---|
| Founded | 2001 | 1992 |
|---|
| Headquarters | London, United Kingdom | Copenhagen, Denmark |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 0.5 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 400:1▲ higher | 30:1 |
|---|
| Inactivity Fee | None | $100/quarter (low-balance accounts) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardPayPal | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA CMVM SCB | FCA ASIC JFSA MAS DFSA FINMA Finanstilsynet ACPR CNMV Finanstilsynet MFSA SFC Finansinspektionen CBI KNF CMA FSC |
|---|
| Platforms | MetaTrader 4 ActivTrader | SaxoTraderGO Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Licensed bank (Denmark)
Best-in-class multi-asset platform
Tiered active-trader pricing
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Cons
Product range narrower than IG or Saxo
No cTrader or raw ECN account option
Less known outside Europe compared to global competitors
Cons
Higher minimums on classic accounts than ECN brokers
No MT4 / MT5
No raw spread account option
Inactivity fee applies
No MetaTrader support
No 24/5 live chat
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 5
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