Saxo Bank vs OctaFX

Saxo Bank vs OctaFX Comparison Table 2023
Saxo Bank OctaFX
4
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.

66% of retail accounts lose money.
Bonus Offer
Up to 50% deposit bonus
Promotions

Get A 50% Bonus On Each Deposit At OctaFX

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
  • 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
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
Cons
  • 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
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
Awards
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100
Payment Methods
Minimum Trade
Vary by asset 0.01 lots
Regulator
DFSA, MAS, FCA, SFC SVGFSA, CySEC
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No Yes
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
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) Yes (iOS & Android)
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
No Yes
Trade Signals
Yes Yes (EAs)
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
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
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:30 1:500 (Global), 1:30 (EU)
FTSE Spread
1.2 pts (Variable) 1.8
GBPUSD Spread
0.7 (var) 1.1
Oil Spread
0.03 0.7
Stocks Spread
0.10% (subject to min commission) Variable
Forex Trading
Get tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.
Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

GBPUSD Spread
0.7 (varies by region) 1.1
EURUSD Spread
0.2 (varies by region) 0.7
EURGBP Spread
0.6 (varies by region) 2.1
Assets
40+ 35
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. Trade 30+ popular digital currencies paired with the USD.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.
More Comparisons
Saxo Bank
vs
OctaFX
vs