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Saxo vs Alpari 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Saxo vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Saxo
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 70000
Alpari
3.5/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 68
  • Tradeable Symbols (Total): 105

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

When it comes to choosing an online broker, Saxo and Alpari offer distinct differences in their trust rankings and regulatory credentials. Saxo, founded in 1992, operates as a bank and is not publicly traded. It holds an impressive seven Tier-1 licenses and one Tier-2 license, reflecting a strong regulatory standing. This is underscored by a stellar Trust Score rating of 99 out of 99 from ForexBrokers.com, indicating it's highly trusted in the industry.

Alpari, established in 1998, also remains privately held but does not function as a bank. Unlike Saxo, Alpari holds no Tier-1 or Tier-2 licenses, which affects its perceived reliability. With a Trust Score rating of 68, Alpari falls into the high-risk category according to ForexBrokers.com, suggesting potential investors exercise caution when considering this broker.

Feature Saxo logoSaxo
Alpari logoAlpari
Year Founded info 1992 1998
Publicly Traded (Listed) info No No
Bank info Yes No
Tier-1 Licenses info 7 0
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

When comparing the commissions and fees of Saxo and Alpari, Saxo stands out with an impressive rating of 5 stars and is ranked #9 in the Commissions and Fees category by ForexBrokers.com. Saxo's pricing model is particularly appealing to active and high-volume traders due to its competitive spreads and the absence of commission charges for forex trading, except for those trading under 50,000 units per month. With spreads on the EUR/USD starting as low as 0.9 pips for their Classic account, prices become even more competitive for their Platinum and VIP accounts. Saxo also incentivizes traders by waiving custody fees for share trading when securities lending is included.

In contrast, Alpari, rated 4 stars and holding the #41 spot, does not offer average spread data, making it challenging to directly compare its pricing structure to that of Saxo. While both brokers aim to cater to different types of traders, Saxo clearly provides more defined benefits and lower costs for those who can maintain higher account balances or trading volumes. This makes Saxo a stronger contender for traders seeking better account tier benefits and pricing.

In summary, Saxo offers a superior pricing structure with lower spreads and potential cost savings for those engaged in significant trading volumes, which is reflected in its higher rating and ranking. The flexibility across its Classic, Platinum, and VIP accounts, combined with loyalty-driven account upgrades, positions Saxo as a more attractive choice for traders focused on minimizing the fees associated with their trades. Meanwhile, Alpari could remain a consideration for those prioritizing other aspects besides fees in their trading journey.

Feature Saxo logoSaxo
Alpari logoAlpari
Minimum Deposit info $0 $20
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investment options offered by Saxo and Alpari, Saxo appears to offer a vastly more extensive selection. Saxo boasts an impressive 70,000 tradeable symbols, whereas Alpari provides access to just 105. In forex trading, Saxo shines with 190 tradeable forex pairs against Alpari's 46. Both platforms offer forex trading as CFDs or spot contracts, along with the capability of engaging in copy trading and trading cryptocurrency derivatives, although neither supports buying actual cryptocurrency.

Saxo also distinguishes itself by allowing clients to buy exchange-traded securities on U.S. and international exchanges, letting investors purchase stocks like Apple and Vodafone directly. In contrast, Alpari provides access only to international exchange-traded securities. These differences contribute to Saxo's superior ratings, earning 5 stars for its investment range and a 3rd place ranking out of 63 brokers, while Alpari receives 3 stars and ranks last. Overall, Saxo offers a more comprehensive suite of investment opportunities for traders and investors.

Feature Saxo logoSaxo
Alpari logoAlpari
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 105
Forex Pairs (Total) info 190 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing the trading platforms and tools offered by Saxo and Alpari, both brokers provide a comprehensive suite of features, including simulated trading with free virtual demo accounts, proprietary platforms developed in-house, and compatibility with Windows-based desktop and web-based platforms. Both Saxo and Alpari also support copy trading, allowing traders to follow and replicate the actions of experienced traders. However, a key distinction lies in their support for MetaTrader platforms—Alpari offers both MT4 and MT5, while Saxo does not, which might be a deciding factor for traders preferring these widely-used platforms.

Saxo stands out for its impressive offering of 60 columns for watch lists compared to Alpari's 7, providing a more customizable and extensive overview. Additionally, Saxo provides 20 drawing tools for charting versus Alpari's 15, offering slightly more flexibility in chart analysis. Both brokers allow trading directly from stock charts, but Saxo takes the lead overall with a 5-star rating for Trading Platforms and Tools from ForexBrokers.com, ranking #1 out of 63 brokers. Alpari garnered a respectable 4-star rating but ranked much lower at #55, underscoring the difference in overall platform sophistication and tool accessibility between the two brokers.

Feature Saxo logoSaxo
Alpari logoAlpari
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 64 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 60 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of Saxo and Alpari, both platforms are available on iPhone and Android. They provide important features such as stock and forex price alerts, as well as the ability to create watchlists with real-time quotes. However, Saxo offers enhanced functionality with watchlist symbol syncing, ensuring your watchlists are up-to-date across your devices—something Alpari lacks.

Saxo's mobile app stands out with 64 technical studies for charting compared to Alpari’s 30. Both platforms support drawing trendlines and viewing multiple time frames, but Saxo goes a step further by automatically saving these chart drawings. Saxo’s user-friendly features contribute to its top-notch rating of five out of five stars for mobile trading apps, ranking it second among 63 brokers by ForexBrokers.com. In contrast, Alpari earns a respectable four-star rating, placing it at 56th in the same category.

Feature Saxo logoSaxo
Alpari logoAlpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing market research offerings, Saxo stands out particularly due to its comprehensive daily market commentary, a valuable resource that is missing from Alpari's services. Both brokers provide forex news from well-renowned sources such as Bloomberg, Reuters, and Dow Jones, ensuring traders stay informed with high-quality content. Additionally, each platform offers fundamental analysis tools from Autochartist, although neither features tools from Trading Central. Saxo users can gain further insights with a sentiment-based trading tool, which is not available with Alpari.

An economic calendar is available with both Saxo and Alpari, helping traders keep track of vital global economic events. Despite some similarities, Saxo's research offering has achieved a commendable 5-star rating, making it the top choice out of 63 brokers assessed by ForexBrokers.com. On the other hand, Alpari earns a 3-star rating, placing it at 57th in the same assessment. This distinction highlights Saxo's commitment to providing a leading market research experience for its clients.

Feature Saxo logoSaxo
Alpari logoAlpari
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, Saxo provides a competitive edge over Alpari. Both brokers offer a solid selection of educational content, each boasting a minimum of 10 articles, videos, or similar resources focused on forex or CFDs. However, Saxo excels by hosting monthly online educational webinars and maintaining a searchable archive of these sessions, a feature Alpari lacks. Furthermore, for those just starting out, Saxo and Alpari each offer a series of beginner-friendly videos, but Saxo extends its offerings with additional advanced content for more experienced traders.

An investment glossary with over 50 terms is available from both brokers, aiding traders in understanding complex terminology. In terms of ratings, Saxo receives a strong five stars for education, placing them at 13th out of 63 brokers according to ForexBrokers.com. Alpari, on the other hand, ranks lower, with a three-star rating and a 48th place ranking. Overall, Saxo stands out as a more comprehensive resource for educational content, catering not just beginners, but also offering depth for advanced traders.

Feature Saxo logoSaxo
Alpari logoAlpari
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Alpari. Saxo finished with an overall rank of #3, while Alpari finished with an overall rank of #57.

Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.

Feature Saxo logoSaxo
Alpari logoAlpari
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 68
Range of Investments 5/5 Stars 3/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Saxo or Alpari?

Both Saxo and Alpari do not provide the option to purchase actual delivered cryptocurrency, but they do offer opportunities to trade cryptocurrency derivatives.

What funding options does each broker offer?

Both Saxo and Alpari offer Visa, Mastercard, and bank wires for transactions, but neither supports ACH, SEPA, or PayPal, with Alpari uniquely providing Skrill as an additional option.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating Saxo Alpari
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 68
Winner check_circle
Review Saxo Review
Broker Screenshots Saxo Alpari
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Saxo Alpari
Trust Score info 99 68
Year Founded info 1992 1998
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 0
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Saxo Alpari
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) Saxo Alpari
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes info No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Saxo Alpari
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 105
Forex Pairs (Total) info 190 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost Saxo Alpari
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding Saxo Alpari
Minimum Deposit info $0 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms Saxo Alpari
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Saxo Alpari
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 60 7
Charting - Indicators / Studies (Total) info 64 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Saxo Alpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research Saxo Alpari
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Saxo Alpari
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Saxo Alpari
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Saxo Review
Overall Saxo Alpari
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 68
Winner check_circle
Review Saxo Review
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