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BlackBull Markets vs Saxo Bank

BlackBull Markets vs Saxo Bank Comparison Table 2023
BlackBull Markets Saxo Bank
Review
3.7
Review
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

BlackBull Markets is an award-winning forex and CFD broker with beginner-friendly trading tools and 24/7 customer support.

Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

66% of retail accounts lose money.
Comment by Reviewer
"Saxo is best for active traders and advanced investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."
Pros
  • Copy trading
  • Spreads from 0.01 pips
  • $0 minimum deposits
  • 24/7 customer support
  • MetaTrader 4 & MetaTrader 5
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market reports, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • Highly accessible and flexible ISA account with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Withdrawal fees
  • No welcome bonuses
  • US traders not accepted
  • High deposit requirements for trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Awards
  • Best ECN Broker 2022
  • Deloitte Fast 50 Index 2021
  • Best NZ Forex Broker 2021
Instruments
Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
FMA, FSA DFSA, MAS, FCA, SFC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
Blackbull Markets offer social and copy trading products on HokoCloud, DupliTrade and Myfxbook.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Buy and sell CFDs with up to 1:500 leverage and spreads from 0.0 pips. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:500 1:30
FTSE Spread
10.4 pips (variable by account) 1.2 pts (Variable)
GBPUSD Spread
0.8 pips (variable by account) 0.7 (var)
Oil Spread
5.2 pips 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex Trading
BlackBull Markets offers leveraged FX trading. Get tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread
Average 0.8 pips (variable by account) 0.7 (varies by region)
EURUSD Spread
Average 0.2 pips (variable by account) 0.2 (varies by region)
EURGBP Spread
Average 0.8 pips (variable by account) 0.6 (varies by region)
Assets
64 40+
Cryptocurrency
Trade popular crypto tokens using leveraged CFDs. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
  • DOGE
  • ADA
  • DOT
  • LINK
  • EOS
  • XLM
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
66% of retail accounts lose money.
More Comparisons
BlackBull Markets
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