Find out which broker best suits your trader profile.
Choose if…
Choose RoboForex if you want MT4/MT5 support.
Choose if…
Choose Saxo Bank if you value top-tier regulation and investor compensation.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
RoboForex offers tighter spreads from 0.00 pips vs 0.60 pips for Saxo Bank, reducing trading costs.
| Editorial score | 4.0/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.6 / 5 | 4.9 / 5▲ |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| 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 |
Saxo Bank rates 4.7/5 versus 4/5 for RoboForex. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
RoboForex 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 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, JFSA), providing stronger investor protections. RoboForex may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
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.
RoboForex lists maximum leverage of 2000:1, 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.
RoboForex charges $20 per lot on commission-based accounts. Commission details for Saxo Bank are not currently available. Check their website for up-to-date pricing.
RoboForex supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. RoboForex has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
Saxo Bank wins for safety and regulation with top-tier authorities and investor compensation.
Saxo Bank is best for active traders with tiered pricing.
RoboForex is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
RoboForex leads on platform choice with MT4/MT5 and cTrader options.
Saxo Bank is best for beginners with a $0 minimum deposit.
Saxo Bank offers the widest instrument universe with about 71,000.
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▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $20/lot | N/A |
|---|
| 2 pips | N/A |
| Max Leverage | 2,000:1 | 30:1▲ higher |
|---|
| Inactivity Fee | None | $100/quarter (low-balance accounts) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyPerfect MoneyCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyPerfect MoneyCrypto | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSCA CySEC IFSC | FCA ASIC JFSA MAS DFSA FINMA Finanstilsynet |
|---|
| Platforms | cTrader MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 | SaxoTraderGO Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
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
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
Two brokers test trade-offs between cost, regulation, and platform breadth. RoboForex emphasizes low entry and broad access, while Saxo Bank prioritizes regulation and premium multi-asset tooling.
Saxo Bank edges RoboForex overall on editorial score, top-tier regulation, and broader instrument coverage, while RoboForex offers MT4/MT5.
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
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Score 4.7 / 5
Personalised recommendation
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