AvaTrade and Saxo Bank face off on trust, regulation, and platform quality. The debate centers on global market access, tool depth, and deposit requirements.
Saxo Bank edges AvaTrade on the overall editorial score due to stronger regulation and broader platform tools.
Find out which stock broker best suits your investing profile.
Choose AvaTrade if…
Choose AvaTrade if you want a low $100 minimum deposit and access via MT4 or MT5. You also get fixed spreads on 600+ stock CFDs and the AvaTradeGO and DupliTrade copy trading platforms worldwide today.
Choose Saxo Bank if…
Choose Saxo Bank if you want institutional-grade access to 60,000+ instruments across 50+ exchanges and a polished web platform. You also gain extended trading hours, advanced research tools, and access to options and bonds, yet the higher minimum deposit and complexity may challenge beginners.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Saxo Bank wins safety & regulation with a broader, multi-jurisdiction regulatory footprint.
| Editorial score | 3.8/ 5 | 4.5/ 5 |
|---|---|---|
| Min deposit | $100▼ lower | $2,000 |
| Spreads from | 0.9 pips | 0.6 pips▼ lower |
| Commission / lot | N/A | N/A |
| Inactivity fee | $50/month (after 3 months)▼ lower |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | AvaTrade | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Pass |
| Extended hours trading | Fail | Pass |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
Saxo Bank rates 4.5/5 versus 3.8/5 for AvaTrade. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Saxo Bank lists tighter spreads from 0.6, compared with AvaTrade's 0.9. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
AvaTrade has $100, while Saxo Bank requires at least $2000. This makes AvaTrade more accessible for traders with limited starting capital.
Both AvaTrade and Saxo Bank 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: AvaTrade requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
AvaTrade lists maximum leverage of 20:1, while Saxo Bank lists up to 1:5. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
AvaTrade supports ZuluTrade, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. AvaTrade has exclusive access to ZuluTrade and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
Neither AvaTrade nor Saxo Bank is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both AvaTrade and Saxo Bank are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
Saxo Bank wins for long-term investors due to dividend reinvestment availability.
Saxo Bank wins for active traders with extended hours and advanced research tools.
AvaTrade wins for beginners thanks to a low $100 minimum deposit and simpler entry.
Saxo Bank wins for global access, offering 50+ exchanges and extensive instrument coverage.
Saxo Bank wins for low cost trading thanks to the higher Fees & Spreads score.
| Deposit fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal fee | Free | Free |
|---|
| Commission-free | No | No |
|---|
| Fractional shares | No | No |
|---|
| Dividend reinvestment | No | Yes |
|---|
| Extended hours | No | Yes |
|---|
| IPO access | No | No |
|---|
| Short selling | Yes | Yes |
|---|
| Regulators | FSCA ASIC MFSA CBI ADGM | JFSA MAS DFSA FCA ASIC FINMA Finanstilsynet ACPR CNMV Finanstilsynet MFSA SFC Finansinspektionen CBI KNF CMA FSC |
|---|
| Platforms | ZuluTrade MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 | SaxoTraderGO Proprietary Web/Mobile |
|---|
| Active bonuses | None | 2 offers |
|---|
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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