In this matchup, regulatory strength and pricing structure diverge between EightCap and Saxo Bank. The axis centers on trust, platform depth, and cost across multiple trading venues.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap for MT4/MT5 on one account and 24/5 live chat support.
Choose if…
Choose Saxo Bank for a proprietary SaxoTraderGO/PRO platform and a $0 minimum deposit.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.9 / 5▲ |
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | EightCap | 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 | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: EightCap 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.
EightCap 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 EightCap requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Both EightCap 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.
EightCap lists maximum leverage of 500:1, 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.
EightCap charges $7 per lot on commission-based accounts. Commission details for Saxo Bank are not currently available. Check their website for up-to-date pricing.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while Saxo Bank supports Proprietary Web/Mobile, SaxoTraderGO. EightCap has exclusive access to TradingView and cTrader and MetaTrader 4 and MetaTrader 5. Saxo Bank has exclusive access to Proprietary Web/Mobile and SaxoTraderGO.
EightCap offers tighter spreads from 0.00 pips vs 0.60 pips for Saxo Bank, reducing trading costs.
Saxo Bank wins for safety & regulation, supported by multi‑jurisdiction licensing and client fund segregation.
Saxo Bank wins for active traders with tiered pricing and a premium multi-asset platform.
EightCap is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Saxo Bank wins for platform choice with SaxoTraderGO/PRO and top-tier multi-asset tools.
Saxo Bank wins for instrument variety with about 71,000 tradable instruments.
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.4 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5 | 4.8 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5 | 4.6 / 5▲ |
|---|
| Founded | 2009 | 1992 |
|---|
| Headquarters | Melbourne, Australia | Copenhagen, Denmark |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 30:1 |
|---|
| Inactivity Fee | $10/month (after 12 months)▼ lower | $100/quarter (low-balance accounts) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | ASIC JFSA Finansinspektionen CNMV FCA SFC DFSA MFSA KNF MAS CBI CMA ACPR Finanstilsynet FINMA Finanstilsynet FSC |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile SaxoTraderGO |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
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
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
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
Saxo Bank outperforms EightCap on the editorial score, supported by higher trust/regulation and platform ratings.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 5
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