ThinkMarkets vs Saxo Bank

ThinkMarkets vs Saxo Bank Comparison Table 2021
ThinkMarkets Saxo Bank
ThinkMarkets is a multi-regulated forex and CFD broker A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
71.89% of retail investor accounts lose money when trading CFDs with this provider.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Awards
Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
Best Value Broker in Asia at the 2020 - Global Forex Awards
Best Forex Trading Experience 2017 - UK Forex Awards
Best Forex Trading Innovation 2017 - UK Forex Awards
Best Customer Service 2013 - UK Forex Awards
Bonus
None None
Instruments
Forex, CFDs, indices, stocks, commodities, cryptocurrency, spread betting (UK Only) Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $10000
Payment Methods
BPAY, Credit Card, Mastercard, Neteller, POLi, Skrill, Visa, Wire Transfer Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
0.01 lots Vary by asset
Regulator
FCA, ASIC, FSCA, FSA Seychelles Danish FSA, FCA and Others
Margin Trading
No No
Margin Rate
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
Yes No
ECN Account
No Yes
DMA Account
No No
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes - EAs compatible No
Trade Signals
No Yes
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
Yes Yes
Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
CFDs are available on multiple markets, including FX, indices, shares, commodities & cryptocurrency
Leverage
1:500 1:30
FTSE Spread
0.7 1.2 pts (Variable)
GBPUSD Spread
1.2 0.7 (var)
Oil Spread
3 0.03
Stocks Spread
From 0.4 points 0.10% (subject to min commission)
Forex
Trading available on 40 major, minor, and exotic currency pairs
GBPUSD Spread
0.3 (ThinkZero) Variable. 0.7 (varies by region)
EURUSD Spread
0.0 (ThinkZero) Variable. 0.2 (varies by region)
EURGBP Spread
0.3 (ThinkZero) Variable. 0.6 (varies by region)
Assets
40 40+
Cryptocurrency
Trading on popular 15+ crypto coins, including Bitcoin, Ethereum & Dash. Leverage up to 1:10 Crypto trading not offered
Spread
BTC 25, ETH 6 (Variable)
Coins
BTC, ETH, XRP, BCH, LTC
71.89% of retail investor accounts lose money when trading CFDs with this provider.