Saxo Bankvs
ThinkMarketsForex Broker Comparison
Saxo Bank and ThinkMarkets clash on regulation breadth, platform depth, and pricing, challenging readers to weigh trust against tools.
Our Verdict
Saxo Bank winsby 0.5 pts
Saxo Bank edges ThinkMarkets on overall score due to broader regulation and deeper multi-asset platform. This reflects stronger trust and platform depth.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Saxo Bank lacks MT4/MT5 support.
- 2ThinkMarkets provides MT4/MT5 access.
- 3ThinkMarkets offers 24/5 live chat support.
Who should choose Saxo Bank vs ThinkMarkets?
Find out which broker best suits your trader profile.
Choose Saxo Bank if…
Saxo Bank: Choose Saxo Bank if you prioritise broad regulation. You gain access to a deep multi-asset platform. ThinkMarkets: Choose ThinkMarkets if you want MT4/MT5 access. You also get 24/5 live chat support.
Choose ThinkMarkets if…
Saxo Bank: Choose Saxo Bank if you prioritise broad regulation. You gain access to a deep multi-asset platform. ThinkMarkets: Choose ThinkMarkets if you want MT4/MT5 access. You also get 24/5 live chat support.
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
ThinkMarkets offers tighter spreads from 0.40 pips vs 0.60 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
Saxo Bank vs ThinkMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 4.3 / 5 |
Saxo Bank vs ThinkMarkets 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 ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Saxo Bank
criteria wins
4
ThinkMarkets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Saxo Bank | ThinkMarkets |
|---|---|---|
| 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 | Pass |
| Multilingual support | Pass | Pass |
Saxo Bank vs ThinkMarkets: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 4.2/5 for ThinkMarkets. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
ThinkMarkets starts from 0.4 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.
Neither Saxo Bank nor ThinkMarkets requires a minimum deposit, making both accessible regardless of starting capital.
Both Saxo Bank and ThinkMarkets 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
Saxo Bank lists maximum leverage of 30:1, while ThinkMarkets 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.
ThinkMarkets charges $7 per lot on commission-based accounts. Commission details for Saxo Bank are not currently available. Check their website for up-to-date pricing.
Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide Proprietary Web/Mobile. Saxo Bank has exclusive access to SaxoTraderGO. ThinkMarkets has exclusive access to MetaTrader 5 and TradingView and MetaTrader 4.
