AvaTradevs
Saxo BankForex Broker Comparison
In this comparison, AvaTrade and Saxo Bank face off on regulation, pricing, and platform depth, exposing tradeoffs between accessibility and multi-asset reach.
Our Verdict
Saxo Bank winsby 0.3 pts
Saxo Bank edges AvaTrade on editorial score, supported by broader regulation and deeper platforms. AvaTrade remains competitive through robust education and MT4/MT5 access.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1MT4/MT5 access available with AvaTrade; Saxo Bank lacks MT4/MT5.
- 2AvaTrade offers 1,250 instruments; Saxo Bank covers 71,000.
- 3Saxo Bank provides investor compensation scheme coverage; AvaTrade does not.
Who should choose AvaTrade vs Saxo Bank?
Find out which broker best suits your trader profile.
Choose AvaTrade if…
Choose AvaTrade if you want access to MT4 and MT5 for widespread broker compatibility for traders. You also gain strong educational resources, a broad regulatory footprint across multiple jurisdictions, transparent pricing, and reliable customer support.
Choose Saxo Bank if…
Choose Saxo Bank if you want a deep multi-asset platform with SaxoTraderGO and a tiered pricing model that rewards active traders today. You also benefit from investor compensation scheme coverage and a licensed Danish bank.
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 0.90 pips for AvaTrade, reducing trading costs.
Best for safety & regulation
Recommended
AvaTrade vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.4/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.9 / 5▲ |
AvaTrade vs Saxo Bank Forex Broker Pros & Cons
Pros
Heavily regulated across 6+ jurisdictions
AvaOptions platform for vanilla options trading
Strong educational content and structured courses
Multiple platforms including MT4, MT5 and proprietary AvaTradeGo
Regulated by top-tier authorities (FCA, ASIC, CySEC)
AvaTrade vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
AvaTrade
criteria wins
1
Saxo Bank
criteria win
Highlighted rows show where the two brokers differ
| Criteria | AvaTrade | 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) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | 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 |
AvaTrade vs Saxo Bank: Frequently Asked Questions
The scores are close: AvaTrade rates 4.4/5 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.
Saxo Bank starts from 0.6 pips, tighter than AvaTrade's 0.9 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Saxo Bank has no minimum deposit, while AvaTrade requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Both AvaTrade 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, two factors stand out: Saxo Bank has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
AvaTrade 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.
AvaTrade supports ZuluTrade, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. AvaTrade has exclusive access to ZuluTrade and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
