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Saxo Bank vs AvaTrade 2021

Is AvaTrade better than Saxo Bank? In our analysis of 23 international regulators across 50 brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. Saxo Bank is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.


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.

Overall Rating

Feature Saxo Bank AvaTrade
Overall 5 4
Commissions & Fees 5 4.5
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3.5
Education 4 4.5
Trust Score 99 93
Saxo Bank Review AvaTrade Review
64% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature Saxo Bank AvaTrade
Trust Score 99 93
Year Founded
1992 2006
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
6 3
Tier-2 Licenses
1 4
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Saxo Bank AvaTrade
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
Yes Yes
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Saxo Bank AvaTrade
Forex Trading
Yes Yes
CFDs (Total)
9000 722
Forex Pairs (Total)
170 55
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature Saxo Bank AvaTrade
Average Spread EUR/USD - Standard
0.8 (August 2020) 0.91 (August 2020)
All-in Cost EUR/USD - Active
0.6 (August 2020) 0.61 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature Saxo Bank AvaTrade
Minimum Deposit
$10,000.00 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Saxo Bank AvaTrade
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No Yes
ZuluTrade
No Yes

Trading Tools

Feature Saxo Bank AvaTrade
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
58 6
Charting - Indicators / Studies (Total)
58 90
Charting - Drawing Tools (Total)
19 0
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Saxo Bank AvaTrade
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
58 93
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature Saxo Bank AvaTrade
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature Saxo Bank AvaTrade
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature Saxo Bank AvaTrade
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Saxo Bank AvaTrade
Overall 5 4
Commissions & Fees 5 4.5
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3.5
Education 4 4.5
Trust Score 99 93
Saxo Bank Review AvaTrade Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs Saxo Bank.

Does AvaTrade or Saxo Bank offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Saxo Bank offers better pricing overall for traders.

Is AvaTrade or Saxo Bank safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Saxo Bank holds 6 global Tier-1 licenses, while AvaTrade holds 3. AvaTrade holds 4 global Tier-2 licenses, while Saxo Bank holds 1. In our analysis of 23 international regulators across 50 brokers, Saxo Bank earned a higher Trust Score than AvaTrade.

Which trading platform is better: AvaTrade or Saxo Bank?
To compare the trading platforms of both AvaTrade and Saxo Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Saxo Bank offers a better experience. With research, Saxo Bank offers superior market research. Finally, we found Saxo Bank to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. AvaTrade and Saxo Bank both offer copy trading. Both AvaTrade and Saxo Bank offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Saxo Bank provides traders 170 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, Saxo Bank offers traders access to 9000 CFDs while AvaTrade has 722 available CFDs, a difference of 8,278.

Can I trust AvaTrade?
AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by three tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust Saxo Bank?
Saxo Bank is not publicly traded, does operate a bank, and is authorised by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Saxo Bank is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA).

Is AvaTrade good?
AvaTrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found AvaTrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education.

Is Saxo Bank good?
For traders that can afford the USD 10,000 minimum deposit (GBP 500 for the UK), Saxo Bank offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40,000 instruments to trade.

Overall winner: Saxo Bank

Read Next: Best Forex Brokers 2021


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Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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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