Compare AvaTrade Vs Saxo Bank: Which is the Better Forex Broker in 2024?
AvaTrade Vs Saxo Bank, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between AvaTrade Vs Saxo Bank, here is the direct comparison:
Feature | AvaTrade | Saxo Bank |
General Rating |
3.24/5 |
1.00/5 |
|
Score | 78 | 50 | |
Trustpilot |
4.8/5 7243 users |
3.7/5 5565 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 2006 | 1992 | |
💲 Min Deposit | $100 | $2000 | |
⚖ Max Leverage | 1:400 | 1:200 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | |||
💡 Min Position | 0.01 lot | 0.05 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay | Wire transfer and Credit/debit cards | |
🏢 Office(s) |
|
|
🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
🗣 Website Languages | Arabic, German, English, Spanish, French, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Swedish, Chinese | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese |
🚪 Trade Now | Open AvaTrade | Open Saxo Bank |
Testimonials
-
AvaTrade: Good but have flaws
-
AvaTrade: I'm not sure how to tell my story, but I'll...
-
AvaTrade: I've heard nothing but good things about this broker. Recently...
-
AvaTrade: Automated trading with AvaTrade is really smooth and rewarding. I...
-
AvaTrade: I think AvaTrade has one of the best trading conditions...
-
AvaTrade: Good but have flaws
-
AvaTrade: I'm not sure how to tell my story, but I'll...
-
AvaTrade: I've heard nothing but good things about this broker. Recently...
-
AvaTrade: Automated trading with AvaTrade is really smooth and rewarding. I...
-
AvaTrade: I think AvaTrade has one of the best trading conditions...
-
Saxo Bank: Customer service simply does not exist. Forget them. They have...
-
Saxo Bank: started the online application process but midway through i checked...
-
Saxo Bank: They seriously need to learn how to communicate to new...
-
Saxo Bank: After 2 years of being there as a trader and...
-
Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
-
AvaTrade: Good but have flaws
-
See More AvaTrade Testimonials
-
See More Saxo Bank Testimonials
News
-
Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
-
Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
-
Saxo Bank Sees 23% Drop in FX Volume for January
-
Saxo Bank Implements Fee Reductions, Slashing Costs for Clients
-
Saxo Bank Forex Broker Concludes 2023 with Impressive Trading Volumes
-
Saxo Bank Forex Broker Unveils Saxo Options Talk Podcast
-
AvaTrade Focuses on Spain's Expansion by Introducing Barrier Options
-
AvaTrade and the UAE Pro League Establish Strategic Sponsorship
-
AvaTrade Extends Partnership with Aston Martin F1 Team
-
Saxo Bank Hires Head of Go-to-Market for MENA, UK, and Switzerland
Articles
-
How to Deposit and Withdraw in AvaTrade
-
Elevate Your Trading with Free AvaTrade Guardian Angel
-
An Insightful Overview of AvaTrade Copy Trading Platforms
-
AvaTrade Free Course: a Way to Master Trading Skills
-
How to Verify Your Avatrade Trading Account
-
How to Open Account in AvaTrade
-
AvaTrade Trading App: All You Need to Know
-
Saxo Bank and Interactive Brokers: Which One is the Best?
More Comparisons
- RoboForex vs Vantage Markets
- Octa vs ThinkMarkets
- easyMarkets vs FP Markets
- FXOpen vs HF Markets
- LiteFinance vs Pepperstone
- MTrading vs Axi
- Tickmill vs FirewoodFX
- Interactive Brokers vs Exness
- FBS vs Blueberry Markets
- XM vs InstaForex
- AvaTrade vs OANDA
- JustMarkets vs Admirals
- eToro vs IC Markets
- Dukascopy vs FXTM
- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, AvaTrade provides their pricing with Fixed spread while Saxo Bank offers Fixed spread.
AvaTrade vs Saxo Bank: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, AvaTrade enables trading with MetaTrader 4 (Limited with 21 days), MetaTrader 5 (Limited with 21 days of inactivity), AvaOption (Limited with 21 days of inactivity), AvaTradeGO (Limited with 21 days of inactivity), Web, Social trading, ZuluTrade. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Saxo Bank provides trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days) with the support of One-click trading, Trailing stop, Pending orders.
Is AvaTrade or Saxo Bank better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, AvaTrade supports trading with Forex, Gold & silver, Oil, Stocks, Futures, Indexes, Agriculture, Metals, Energies, Bonds, Spread betting, Crypto, etf, Commodities, CFD, while Saxo Bank presents the ability of trading with Forex, Gold & silver, CFD, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to AvaTrade and Saxo Bank:
- Compare AvaTrade vs Array
- Compare AvaTrade vs Array
- Compare AvaTrade vs Array
- Compare Saxo Bank vs Array
- Compare Saxo Bank vs Array
- Compare Saxo Bank vs Array
For more comparisons, visit this page.