AMarketsvs
Saxo BankForex Broker Comparison
Two brokers stand apart on regulation depth and platform reach. The matchup weighs cost and coverage across pricing models and instrument breadth.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank leads on regulation and protections, while AMarkets provides ECN pricing with $6/lot commissions.
Saxo Bank
4.7/5
AMarkets
3.8/5
Key Differences
- 1Top-tier regulation with investor compensation: Saxo Bank offers protections not in AMarkets.
- 2Large instrument universe: Saxo Bank provides 71,000 products vs 250.
- 3Proprietary platform access favors Saxo Bank.
Who should choose AMarkets vs Saxo Bank?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
AMarkets offers tighter spreads from 0.00 pips vs 0.60 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
Recommended
AMarkets vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.8/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 4.9 / 5▲ |
AMarkets vs Saxo Bank Forex Broker Pros & Cons
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
AMarkets vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
AMarkets
criteria wins
5
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | AMarkets | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | 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 | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
AMarkets vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 3.8/5 for AMarkets. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
AMarkets starts from 0 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.
Saxo Bank has no minimum deposit, while AMarkets requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Saxo Bank holds top-tier regulation (FCA, ASIC, JFSA), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Saxo Bank stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
AMarkets lists maximum leverage of 3000:1, 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.
AMarkets charges $6 per lot on commission-based accounts. Commission details for Saxo Bank are not currently available. Check their website for up-to-date pricing.
AMarkets supports cTrader, MetaTrader 5, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. AMarkets has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
