Written by ForexBrokers.com
In this head to head comparison of Saxo vs Capital.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Saxo and Capital.com are well-known online brokers with different backgrounds. Saxo was founded in 1992 and is a bank; Capital.com launched in 2016 and is not a bank. Neither company is publicly traded.
Regulation and safety differ, too. Saxo holds seven Tier-1 licenses and one Tier-2 license, while Capital.com holds three Tier-1 and three Tier-2 licenses. According to ForexBrokers.com, Trust Scores of 90–99 mean a broker is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. Saxo’s Trust Score is 99 (highly trusted); Capital.com’s is 89 (trusted).
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Year Founded | 1992 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo and Capital.com both earn 5 stars for commissions and fees, but Capital.com ranks higher overall in this category, placing #3 out of 36 brokers compared with Saxo’s #8 out of 36. In simple terms, both brokers offer competitive pricing, but Capital.com has the edge on low everyday trading costs, while Saxo shines more for traders who can take advantage of its higher account tiers and volume-based discounts.
For forex, Saxo is commission-free and earns its money through the spread, though traders who trade under 50,000 units per month may pay a $3 ticket fee per side. Recent EUR/USD spreads averaged 1.1 pips on the Classic account, 1.0 pips on Platinum, and 0.9 pips on VIP, with the lower-tier Classic account being a little more expensive than the market average. Saxo’s Classic account now has a $0 minimum deposit for new customers, while Platinum requires $200,000 and VIP starts at $1,000,000, making the biggest savings mostly available to high-balance or high-volume traders.
Capital.com is generally the simpler low-cost choice for most retail traders, with a dynamic EUR/USD spread averaging 0.6712 pips in April 2024, which is below the industry average. It offers a standard retail account and a professional account for eligible traders, but the main appeal is its low spread pricing. If you want the lowest everyday forex trading cost, Capital.com has the stronger case; if you trade a lot or can qualify for higher Saxo tiers, Saxo can become very competitive too.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.7 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.67 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than Capital.com, making it the stronger pick for traders who want more choice. Saxo lists about 71,000 tradeable symbols, compared with 5,585 at Capital.com, and it also offers more forex pairs, with 192 versus 125. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs rather than buy actual coins. Neither broker offers copy trading.
Where Saxo pulls further ahead is in access to real shares and other exchange traded securities. Saxo gives clients access to U.S. and international exchange traded stocks, such as Apple and Vodafone, while Capital.com does not offer these non-CFD securities. That broader selection helped Saxo earn 5 stars for Range of Investments and a #3 ranking out of 36 brokers from ForexBrokers.com, while Capital.com received 4.5 stars and ranked #18.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 5585 |
| Forex Pairs (Total) | 192 | 125 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Saxo and Capital.com both give traders a strong choice of platform options, including a free demo account, a proprietary platform, a Windows desktop app, and a web-based platform. Each also lets users place trades directly from charts, which can make it easier to act quickly while watching price movements. Neither broker offers copy trading, so this comparison comes down more to platform style, tools, and overall trading experience.
One key difference is that Capital.com supports both MetaTrader 4 and MetaTrader 5, while Saxo does not offer either platform. That may matter for traders who prefer MetaTrader’s familiar layout and add-ons. In ratings from ForexBrokers.com, Saxo scores 5 out of 5 for Trading Platforms and Tools and ranks #3 out of 36 brokers, while Capital.com scores 4.5 out of 5 and ranks #10, suggesting Saxo has the edge overall in this category.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 97 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Capital.com both make it easy to trade from your phone, with iPhone and Android apps available on each platform. Both apps also include stock and forex price alerts, trendline drawing, and auto-saving of chart drawings, so traders can keep track of market moves and review their notes later. Where Saxo stands out is watchlist syncing, which lets changes made in the mobile app update in the online account and vice versa. Capital.com does not offer this feature.
When it comes to charting tools, Saxo offers 64 technical studies in its mobile app, compared with 30 at Capital.com. That wider range, along with its 5-star Mobile Trading Apps rating and #3 ranking out of 36 brokers from ForexBrokers.com, gives Saxo an edge for mobile-focused traders. Capital.com still performs well with a 4.5-star rating and #11 ranking, but Saxo has the stronger app overall.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and Capital.com both give traders daily market commentary, forex news from major sources such as Bloomberg and Reuters, and an economic calendar with upcoming global events. This means both brokers make it easier to follow market-moving headlines and stay aware of key data releases. Saxo also adds Autochartist research tools, which can help spot trading setups, while Capital.com stands out for its sentiment tool that shows how many traders are long or short on a market.
When it comes to overall market research, Saxo has the edge. It is rated 5 stars for Research and ranked #1 out of 36 brokers by ForexBrokers.com, compared with Capital.com’s 4.5 stars and #14 ranking. Neither broker offers Trading Central, TipRanks, or Acuity Trading tools, so the main differences come down to Saxo’s Autochartist coverage and Capital.com’s sentiment feature.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo and Capital.com both give beginners a solid place to start, with each offering at least 10 beginner videos and at least 10 advanced videos on trading topics. Both also provide forex or CFDs education, meaning they each have at least 10 learning items focused on those markets. Where Saxo stands out is in live learning: it offers online educational webinars at least once a month, while Capital.com does not. That can make Saxo a better fit for new traders who want regular guided sessions and the chance to learn from experts in real time.
In overall education quality, Saxo is rated 5 stars and ranks #12 out of 36 brokers by ForexBrokers.com, while Capital.com is rated 4.5 stars and ranks higher at #8. So, Capital.com edges ahead in the ranking, but Saxo offers more ongoing webinar support. For beginners choosing between the two, Capital.com may appeal if you want strong self-study content, while Saxo may be the better pick if you value live educational events alongside video lessons.
| Feature |
Saxo
|
Capital.com
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Capital.com. Saxo finished with an overall rank of #3, while Capital.com finished with an overall rank of #12.
Saxo is a 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
|
Capital.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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Online brokers Saxo and Capital.com do not let you buy actual (delivered) cryptocurrencies, but both provide access to cryptocurrency CFD trading.
Saxo and Capital.com both support bank wire transfers but not ACH or SEPA, while Capital.com additionally accepts PayPal and Skrill for deposits and withdrawals, which Saxo does not.
Please 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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0 of 5| Overall Rating | Saxo | Capital.com | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Saxo Review | Capital.com Review |
| Broker Screenshots | Saxo | Capital.com | |
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| Regulation | Saxo | Capital.com | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| Year Founded | 1992 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Capital.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Capital.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Capital.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 5585 | |
| Forex Pairs (Total) | 192 | 125 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Capital.com | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.7 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.67 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Capital.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Saxo | Capital.com | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Capital.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 97 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Capital.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Capital.com | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Capital.com | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | Capital.com | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Capital.com Review |
| Overall | Saxo | Capital.com | |
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| Trust Score | 99 | 89 | |
| Winner | check_circle | ||
| Review | Saxo Review | Capital.com Review |
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