easyMarketsvs
Saxo BankForex Broker Comparison
This comparison pits a regulated low-deposit option against a banker-backed multi-asset platform. The tension centers on pricing, platform depth, and instrument coverage.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges easyMarkets on editorial score across trust, pricing, and platforms, aided by broader instrument coverage.
Saxo Bank
4.7/5
easyMarkets
3.9/5
Key Differences
- 1easyMarkets offers 24/5 live chat; Saxo Bank does not.
- 2easyMarkets supports MT4/MT5; Saxo Bank does not.
- 3easyMarkets has no inactivity fee; Saxo Bank applies one.
Who should choose easyMarkets vs Saxo Bank?
Find out which broker best suits your trader profile.
Choose easyMarkets if…
Choose easyMarkets if you value 24/5 live chat support and a very low $25 minimum deposit that opens Forex trading to smaller accounts. You also get MT4/MT5 access and fixed spreads, which help with cost predictability even in volatile markets.
Choose Saxo Bank if…
Choose Saxo Bank if you want a $0 minimum deposit and a top-tier multi-asset platform. You benefit from advanced charting, tiered pricing for active traders, and a broad instrument universe with mobile access on the go.
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 0.70 pips for easyMarkets, reducing trading costs.
Best for safety & regulation
easyMarkets vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.9 / 5 | 4.9 / 5▲ |
easyMarkets vs Saxo Bank Forex Broker Pros & Cons
Pros
Fixed spreads with no-slippage guarantee on web platform
Unique dealCancellation feature to undo losing trades
Very low $25 minimum deposit
CySEC, ASIC regulated
Client funds held in segregated accounts
Negative balance protection
easyMarkets vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
easyMarkets
criteria wins
1
Saxo Bank
criteria win
Highlighted rows show where the two brokers differ
| Criteria | easyMarkets | 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 | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
easyMarkets vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 3.9/5 for easyMarkets. 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 easyMarkets's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Saxo Bank has no minimum deposit, while easyMarkets requires at least $25. This makes Saxo Bank more accessible for traders with limited starting capital.
Both easyMarkets 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.
easyMarkets 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.
easyMarkets supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. easyMarkets has exclusive access to MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
