Global Prime vs Saxo Bank Forex Broker Comparison
A head-to-head comparison of Global Prime and Saxo Bank across regulation, trading costs, platforms, and editorial scoring.
Score 4.2 / 5
2 bonusesASIC-regulated NDD/ECN broker with raw spreads from 0.0 pips and one of the most transparent execution reports in retail forex - a strong choice for active traders who prioritise verified execution quality over marketing.
VS
Danish-licensed bank with the deepest multi-asset coverage we cover, premium SaxoTraderGO/PRO platforms, and tiered pricing for active traders.
Our Verdict
Saxo Bank winsby 0.5 pts
Saxo Bank edges ahead with a score of 4.7/5 vs Global Prime's 4.2/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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
Global Prime offers tighter spreads from 0 pips vs 0.6 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
Recommended
Saxo Bank has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Global Prime has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
Saxo Bank offers more exclusive platform options: Proprietary Web/Mobile, SaxoTraderGO, a proprietary platform.
Best for beginners
Recommended
Saxo Bank edges out Global Prime with a higher editorial score (4.7/5 vs 4.2/5), indicating a stronger overall experience for new traders.
Global Prime 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 | 4.5 / 5 | 4.9 / 5▲ |
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.4 / 5 |
Platforms & Tools 20% weight | 4.2 / 5 | 4.8 / 5▲ |
Customer Support 10% weight | 4.1 / 5 | 4.6 / 5▲ |
| Founded | 2010 | 1992 |
| Headquarters | Sydney, Australia | Copenhagen, Denmark |
| Min deposit | $200 | No minimum |
| Spreads from | 0 pips | 0.6 pips |
| Commission / lot | $7/lot | N/A |
| Max leverage | 500:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC VFSC | FCA ASIC JFSA SFC MAS ACPR CNMV DFSA FINMA Finansinspektionen Finanstilsynet FSC CBI KNF Finanstilsynet MFSA CMA |
| Platforms | MetaTrader 4 cTrader | Proprietary Web/Mobile SaxoTraderGO |
| Active bonuses | ||
| Visit broker | Visit Global Prime | Visit Saxo Bank |
Global Prime vs Saxo Bank Forex Broker Pros & Cons
Pros
ASIC regulated with published quarterly execution quality reports
Raw spreads from 0.0 pips with $7 round-turn commission
True NDD execution - no internal position matching
MT4 and cTrader available
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
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
$200 minimum deposit
Limited product range - forex and major CFD classes only
No proprietary platform or copy trading
No investor compensation scheme
No 24/5 live chat
No phone support
Support available in limited languages
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
Global Prime vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
Global Prime
criteria wins
4
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Global Prime | 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 | 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 | Fail | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
Global Prime vs Saxo Bank: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 4.7/5 vs 4.2/5 for Global Prime. The best choice still depends on your individual trading needs; Global Prime and Saxo Bank may each suit different trader profiles.
Global Prime offers tighter spreads starting from 0 pips, compared to Saxo Bank's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Saxo Bank has a lower minimum deposit of no minimum required, while Global Prime requires at least $200. This makes Saxo Bank more accessible for traders with limited starting capital.
Both Global Prime and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Saxo Bank has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Global Prime offers maximum leverage of 500:1, while Saxo Bank offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Global Prime charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Global Prime supports MetaTrader 4, cTrader and Saxo Bank offers Proprietary Web/Mobile, SaxoTraderGO; Global Prime exclusively offers MetaTrader 4, cTrader; Saxo Bank exclusively offers Proprietary Web/Mobile, SaxoTraderGO.
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Score 4.2 / 5
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