Saxo Bankvs
SkillingForex Broker Comparison
Two brokers present distinct approaches to regulation, platform depth, and pricing. Saxo Bank emphasizes deep regulation and multi-asset reach, while Skilling focuses on a modern platform and competitive access.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges Skilling on overall score, driven by stronger regulation and broader instrument coverage.
Saxo Bank
4.7/5
Skilling
4.1/5
Key Differences
- 1Skilling provides 24/5 live chat; Saxo Bank does not.
- 2Skilling supports MT4/MT5; Saxo Bank does not.
- 3No inactivity fee at Skilling; Saxo applies inactivity fees.
Who should choose Saxo Bank vs Skilling?
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
Recommended
Saxo Bank offers tighter spreads from 0.60 pips vs 0.70 pips for Skilling, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
Saxo Bank vs Skilling: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 4.3 / 5 |
Saxo Bank vs Skilling Forex Broker Pros & Cons
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
Saxo Bank vs Skilling: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Saxo Bank
criteria win
4
Skilling
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Saxo Bank | Skilling |
|---|---|---|
| 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 | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
Saxo Bank vs Skilling: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 4.1/5 for Skilling. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Saxo Bank starts from 0.6 pips, tighter than Skilling's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Saxo Bank has no minimum deposit, while Skilling requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Both Saxo Bank and Skilling 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.
Saxo Bank lists maximum leverage of 30:1, while Skilling lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile, while Skilling supports cTrader, Skilling Trader, MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile. Skilling has exclusive access to cTrader and Skilling Trader and MetaTrader 4.
