Saxo Bank vs TMS Brokers

Saxo Bank vs TMS Brokers Comparison Table 2024
Saxo Bank	TMS Brokers
Review 4	Review 2.8

Saxo Markets 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.	TMS Brokers is a leading European brokerage that offers affordable leveraged trading on forex, indices, stocks, ETFs, commodities and crypto through the popular MetaTrader 5 as well as a proprietary platform. The award-winning brand has over 20 years in the financial markets with modern trading tools and rich market analysis.
Customer Reviews
4 Based on 1 Saxo Bank customer reviews
Comment by Reviewer
"Saxo is best for active traders and high-volume 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."	"TMS Brokers is a good pick for investors seeking commission-free trading, especially on a wide selection of stocks. The rich education center and zero minimum deposit will appeal to newer traders, in particular."
Pros
Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, 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 The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers	Regulated by Poland's KNF and a member of the Polish Compensation Scheme Choice of MetaTrader 5 or proprietary platform Transparent fees with spreads from 1 pip Pro account with perks Demo account available Award-winning brand
Cons
High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium	Financial education tools are very limited for English speaking customers Connect Professional account fees and rates are not as transparent Weak support for non-Polish speakers Average investment offering Low leverage of 1:20
Awards
	Best FX Broker 2020 - Invest Cuffs Forecast Accuracy Ranking Q1 2019 - Bloomberg
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account
Yes	Yes
Minimum Deposit
	$0
Trading Platforms
TradingView	MT5
Payment Methods
Credit Card Mastercard Visa Wire Transfer	Credit Card Mastercard Trustly Visa Wire Transfer
Minimum Trade
Vary by asset	0.01 Lots
Regulator
DFSA, MAS, FCA, SFC	Polish Financial Supervision Authority (KNF)
Margin Trading
No	No
STP Account
No	No
ECN Account
Yes	No
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	Yes
Auto Trading
	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Silver	Cocoa Gold Silver Wheat
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.	Trade CFDs on a wide range of markets including stocks, indices, commodities and ETFs with variable spreads. The mobile app is reliable and the MT5 platform is an excellent option for active, multi-asset traders.
Leverage
1:30	1:20
FTSE Spread
1.2 pts (Variable)	2.5
GBPUSD Spread
0.7 (var)	1.3
Oil Spread
0.03	0.04
Stocks Spread
0.10% (subject to min commission)	Variable
Forex Trading
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.	42 forex pairs can be traded with a maximum 1:20 leverage. Traders benefit from zero-commission trading and average spreads starting from 1 pip, which are reasonable though not the lowest we have seen.
GBPUSD Spread
0.7 (varies by region)	1.3
EURUSD Spread
0.2 (varies by region)	1.0
EURGBP Spread
0.6 (varies by region)	1.0
Assets
40+	42
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs.	18 cryptocurrency CFDs are available, including Bitcoin, Ethereum and various altcoins, with maximum 1:2 leverage. On the negative side, the selection of digital currencies is limited vs alternatives we have tested.
Spread
Variable	Floating
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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