Compare Saxo Bank Vs Admirals: Which is the Better Forex Broker in 2024?
Saxo Bank Vs Admirals, 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 Saxo Bank Vs Admirals, here is the direct comparison:
Compare | Saxo Bank | Admirals |
General Rating |
1.00/5 |
2.89/5 |
Score | ||
Trustpilot |
3.7/5 5435 users |
4.2/5 1676 users |
πΌ Regulation | ||
β Info | ||
β Established | 1992 | 2001 |
π² Min Deposit | $2000 | $1 |
β Max Leverage | 1:200 | 1:500 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $1.8 to $3 per lot for Forex & Metals | |
π‘ Min Position | 0.05 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | AstroPay, Crypto, Credit/debit cards, iDEAL, Neteller, PayPal, Skrill, SOFORT and Wire transfer |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese | Arabic, Bulgarian, Croatian, Czech, English, Estonian, German, Hungarian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Romanian, Russian, Serbian, Slovenian, Spanish, Swedish, Turkish, Vietnam |
πͺ Trade Now | Open Saxo Bank | Open Admirals |
Compare Again
Testimonials
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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Admirals: Really helpful
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Admirals: Doin it right
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Admirals: Solid broker, burt
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Admirals: Good but withdrawal fee is high
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Admirals: Data Breach.
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See More Saxo Bank Testimonials
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See More Admirals Testimonials
News
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Admirals Reinstates Founder Alexander Tsikhilov as CEO
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Admirals Sees Impressive Client Growth, Despite β¬3.9M Loss
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Admirals Forex Broker Plans Restructuring, Two Executives to Resign
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Saxo Bank Sees 23% Drop in FX Volume for January
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Turn Friends into Gold: Earn Up to $750 with Admirals Refer a Friend
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Admirals Forex Broker Reorganizes Supervisory Structure and Management Board
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Saxo Bank Implements Fee Reductions, Slashing Costs for Clients
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Saxo Bank Forex Broker Concludes 2023 with Impressive Trading Volumes
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See More Related Saxo Bank News
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See More Related Admirals News
Article
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Admirals Trade MT4 vs Zero MT4, Which One is Better?
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Grow Your Forex Account with Admirals $100 No Deposit Bonus
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What is Admirals Wallet?
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An Admirals' Guide to Trade GBP/USD Successfully
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The Complete Guide to Islamic Account: Admirals Edition
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Admirals Mobile App: An Honest Review
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Admirals' Best Tips to Manage Your Investment
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Saxo Bank and Interactive Brokers: Which One is the Best?
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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, Saxo Bank provides their pricing with Fixed spread while Admirals offers Variable spread.
Saxo Bank vs Admirals: 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, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Admirals provides trading with MetaTrader 4, MetaTrader 5, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Saxo Bank or Admirals 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, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Crypto, while Admirals presents the ability of trading with Forex, CFD, Agriculture, Metals, ETF, Crypto, Gold, Oil, Indices, Bonds, Stock, Commodities.
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 Saxo Bank and Admirals:
- Compare Saxo Bank vs Fxview
- Compare Saxo Bank vs Tickmill
- Compare Saxo Bank vs Pepperstone
- Compare Admirals vs FP Markets
- Compare Admirals vs HF Markets
- Compare Admirals vs JustMarkets
For more comparisons, visit this page.