ATFXvs
Saxo BankForex Broker Comparison
Two regulated brokers square off with contrasting strengths. The tension centers on platform sophistication and instrument breadth versus a familiar MT4 setup.
Our Verdict
Saxo Bank winsby 0.5 pts
Saxo Bank edges ATFX on editorial score (4.7 vs 4.2) due to its proprietary platform and 71,000-instrument universe.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Saxo offers 71,000 instruments versus ATFX's 300.
- 2Saxo provides a proprietary platform; ATFX relies on MT4.
- 3Saxo is a licensed Danish bank.
Who should choose ATFX 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
Saxo Bank offers tighter spreads from 0.60 pips vs 1.80 pips for ATFX, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
ATFX vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.9 / 5▲ |
ATFX vs Saxo Bank Forex Broker Pros & Cons
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
ATFX vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
ATFX
criteria wins
2
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | ATFX | 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 | 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 |
ATFX vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 4.2/5 for ATFX. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Saxo Bank starts from 0.6 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither ATFX nor Saxo Bank requires a minimum deposit, making both accessible regardless of starting capital.
Both ATFX 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.
ATFX 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.
ATFX supports MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. ATFX has exclusive access to MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
