Saxo Bank vs Windsor Brokers Forex Broker Comparison
A head-to-head comparison of Saxo Bank and Windsor Brokers across regulation, trading costs, platforms, and editorial scoring.
Danish-licensed bank with the deepest multi-asset coverage we cover, premium SaxoTraderGO/PRO platforms, and tiered pricing for active traders.
VS
Score 4 / 5
2 bonusesOne of the longest-operating CySEC-regulated brokers, offering standard and ECN accounts on MT4 and MT5 - a solid EU retail offering backed by a track record few Cyprus-based competitors can match.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank comes out ahead with an editorial score of 4.7/5 compared to Windsor Brokers's 4/5.
Saxo Bank
4.7/5
Windsor Brokers
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
Windsor Brokers 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
Windsor Brokers has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
Saxo Bank offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Saxo Bank edges out Windsor Brokers with a higher editorial score (4.7/5 vs 4/5), indicating a stronger overall experience for new traders.
Saxo Bank vs Windsor Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 4.2 / 5 |
Fees & Spreads 30% weight | 4.4 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 4.8 / 5▲ | 3.8 / 5 |
Customer Support 10% weight | 4.6 / 5▲ | 4.0 / 5 |
| Founded | 1992 | 1988 |
| Headquarters | Copenhagen, Denmark | Nicosia, Cyprus |
| Min deposit | No minimum | $100 |
| Spreads from | 0.6 pips | 0 pips |
| Commission / lot | N/A | $8/lot |
| Max leverage | 30:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC DFSA FINMA Finansinspektionen Finanstilsynet CMA CBI FSC Finanstilsynet KNF MFSA | FSCA CySEC |
| Platforms | Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Saxo Bank | Visit Windsor Brokers |
Saxo Bank vs Windsor Brokers 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
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
Pros
35+ years of continuous operation - one of the longest track records in retail forex
CySEC regulated with EU investor protections
ECN Zero account from 0.0 pips + $8 commission
Islamic swap-free accounts available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
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
Cons
Platform limited to MT4 and MT5 - no cTrader or proprietary option
$100 minimum deposit on standard accounts
ECN commission slightly above IC Markets and Pepperstone
No top-tier regulatory licence
Limited charting capabilities
Saxo Bank vs Windsor Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
Saxo Bank
criteria wins
4
Windsor Brokers
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Saxo Bank | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| 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 | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Saxo Bank vs Windsor Brokers: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 4.7/5 vs 4/5 for Windsor Brokers. The best choice still depends on your individual trading needs; Saxo Bank and Windsor Brokers may each suit different trader profiles.
Windsor Brokers 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 Windsor Brokers requires at least $100. 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. Windsor Brokers 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.
Saxo Bank offers maximum leverage of 30:1, while Windsor Brokers offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Windsor Brokers charges $8 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Saxo Bank supports Proprietary Web/Mobile and Windsor Brokers offers MetaTrader 4, MetaTrader 5; Saxo Bank exclusively offers Proprietary Web/Mobile; Windsor Brokers exclusively offers MetaTrader 4, MetaTrader 5.
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