Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs Saxo Bank.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Saxo Bank received a rating of 4.50 stars over Admiral Markets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets and Saxo Bank both are regulated in a major hub. Admiral Markets nor Saxo Bank are publicly traded companies. How many currency pairs are available to trade? Saxo Bank offers its clients access to 182 different currency pairs while Admiral Markets has 55 available pairs, a difference of 127.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets has Meta Trader, Saxo Bank doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Admiral Markets offers its clients access to 31 charting tools while Saxo Bank has 17 charting tools, a difference of 14. Admiral Markets boasts an offering of 51 different indicators (for example, moving averages) compared to Saxo Bank's 47 available indicators.
Overall, Saxo Bank comes out on top with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Saxo Bank was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while Admiral Markets was rated Best in Class - Investor Education.