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Saxo Bank vs Alpari Review

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, April 16th, 2019

Is Alpari better than Saxo Bank? After scoring forex brokers on nearly 100 different variables, Saxo Bank is better than Alpari. Traders seeking a large selection of instruments and asset classes across global financial markets will not be disappointed with the range of premium services Saxo Bank offers, including research, active trader pricing, and wealth management services that cater to investors’ needs. Saxo Bank was our #1 broker in multiple categories in 2019.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall
Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
4.5
74% of retail CFD accounts lose money
 
94
1992
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
 
Yes
182
32999
No
No
4.5
check_circle
 
0.9
0.6
Yes
4.5
check_circle
 
$2,000.00
Yes
Yes
No
No
No
 
Yes
Yes
Yes
Yes
No
No
No
 
Yes
Yes
12
47
17
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
41
Yes
Yes
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
4.5
check_circle
3.5
74-89% of retail CFD accounts lose money
 
74
1998
No
No
Yes
No
No
No
No
No
No
No
No
No
No
No
 
Yes
48
16
No
Yes
3
 
0.92
0.82
Yes
4
 
$100.00
Yes
Yes
No
Yes
Yes
 
No
Yes
Yes
Yes
Yes
Yes
No
 
Yes
Yes
7
51
31
Yes
Yes
Yes
3
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
No
Yes
No
No
3.5
 
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
3.5
 
Yes
No
Yes
No
Yes
No
Yes
Yes
3
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
 
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Alpari vs Saxo Bank.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Saxo Bank is a better option with a 4.50 star rating over Alpari's 4.00 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Saxo Bank is regulated in a major hub, Alpari isn't. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Alpari trails Saxo Bank by 134 total currency pairs (for example, EUR/USD), with Saxo Bank offering 182 and Alpari offering 48.

To round out our comparison of Alpari vs Saxo Bank, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari makes Meta Trader available to clients, while Saxo Bank does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Saxo Bank trails Alpari by 14 total charting tools, with Alpari offering 31 and Saxo Bank offering 17. Saxo Bank trails Alpari by 4 total different indicators (for example, moving averages), with Alpari offering 51 and Saxo Bank offering 47.

Alpari Review
Saxo Bank Review

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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