RoboForex vs Saxo Bank Forex Broker Comparison
A head-to-head comparison of RoboForex and Saxo Bank across regulation, trading costs, platforms, and editorial scoring.
IFSC Belize-regulated broker with a genuine ECN/STP execution model, multiple platform options including cTrader, and a broad 12,000+ instrument range that goes beyond most forex-focused competitors.
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 winsClear Winner
Saxo Bank comes out ahead with an editorial score of 4.7/5 compared to RoboForex's 4/5.
Saxo Bank
4.7/5
RoboForex
4/5
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
RoboForex 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
RoboForex has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
RoboForex offers more exclusive platform options: MetaTrader 4, MetaTrader 5, cTrader, a proprietary platform.
Best for beginners
Recommended
Saxo Bank edges out RoboForex with a higher editorial score (4.7/5 vs 4/5), indicating a stronger overall experience for new traders.
RoboForex 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 | 3.6 / 5 | 4.9 / 5▲ |
Fees & Spreads 30% weight | 3.9 / 5 | 4.4 / 5▲ |
Platforms & Tools 20% weight | 4.2 / 5 | 4.8 / 5▲ |
Customer Support 10% weight | 4.0 / 5 | 4.6 / 5▲ |
| Founded | 2009 | 1992 |
| Headquarters | Belize City, Belize | Copenhagen, Denmark |
| Min deposit | $10 | No minimum |
| Spreads from | 0 pips | 0.6 pips |
| Commission / lot | $20/lot | N/A |
| Max leverage | 2000:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA CySEC IFSC | FCA ASIC DFSA FINMA Finansinspektionen Finanstilsynet CMA CBI FSC Finanstilsynet KNF MFSA |
| Platforms | MetaTrader 4 Proprietary Web/Mobile MetaTrader 5 cTrader | Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit RoboForex | Visit Saxo Bank |
RoboForex vs Saxo Bank Forex Broker Pros & Cons
Pros
12,000+ instruments including real stocks and ETFs
cTrader available with full Level II and cAlgo
Multiple account types from Cent to ECN
R Trader proprietary platform with built-in analytics
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
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
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
Primary entity uses IFSC Belize - offshore, limited protection
ECN commission of $20 round-turn is higher than IC Markets ($7)
Very high leverage (2000:1) amplifies risk significantly
No top-tier regulatory licence
No investor compensation scheme
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
RoboForex vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
RoboForex
criteria wins
2
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | RoboForex | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | 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 | Pass | 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 |
RoboForex vs Saxo Bank: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 4.7/5 vs 4/5 for RoboForex. The best choice still depends on your individual trading needs; RoboForex and Saxo Bank may each suit different trader profiles.
RoboForex 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 RoboForex requires at least $10. This makes Saxo Bank more accessible for traders with limited starting capital.
Saxo Bank holds top-tier regulation (FCA, ASIC, DFSA), providing stronger investor protections. RoboForex may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
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.
RoboForex offers maximum leverage of 2000:1, 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.
RoboForex charges $20 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
RoboForex supports MetaTrader 4, Proprietary Web/Mobile, MetaTrader 5, cTrader and Saxo Bank offers Proprietary Web/Mobile; both support Proprietary Web/Mobile; RoboForex exclusively offers MetaTrader 4, MetaTrader 5, cTrader.
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