Plus500vs
Saxo BankForex Broker Comparison
This comparison pits Plus500's streamlined, zero-commission model against Saxo Bank's deep multi-asset platform and broader regulation. The tension centers on price, tools, and reach across markets.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges Plus500 on overall editorial score (4.7 vs 4.0) thanks to broader regulation and deeper multi-asset coverage.
Saxo Bank
4.7/5
Plus500
4.0/5
Key Differences
- 1Instrument count: Saxo Bank ~71,000 vs Plus500 ~2,000.
- 2Phone support available on Saxo Bank; Plus500 has no phone support.
- 3Advanced charting available on Saxo Bank; Plus500 offers limited charting.
Who should choose Plus500 vs Saxo Bank?
Find out which broker best suits your trader profile.
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
It’s a tie
Both equally suited
Both brokers offer spreads from 0.60 pips.
Best for safety & regulation
Plus500 vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.9 / 5▲ |
Plus500 vs Saxo Bank Forex Broker Pros & Cons
Pros
LSE-listed providing strong institutional credibility
Zero commission on all trades
Intuitive proprietary platform with a clean mobile app
Negative balance protection across all accounts
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Plus500 vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Plus500
criteria win
2
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Plus500 | 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 | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
Plus500 vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 4/5 for Plus500. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both Plus500 and Saxo Bank start from 0.6 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Saxo Bank has no minimum deposit, while Plus500 requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Both Plus500 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.
Plus500 lists maximum leverage of 30:1, 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.
Plus500 supports Proprietary Web/Mobile, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. Saxo Bank has exclusive access to SaxoTraderGO.
