EightCapvs
Saxo BankForex Broker Comparison
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.
Who should choose EightCap vs Saxo Bank?
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.
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
EightCap vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.9 / 5▲ |
EightCap vs Saxo Bank Forex Broker Pros & Cons
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
EightCap vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
EightCap
criteria wins
1
Saxo Bank
criteria win
Highlighted rows show where the two brokers differ
| 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 |
EightCap vs Saxo Bank: Frequently Asked Questions
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.
