Written by ForexBrokers.com
In this head to head comparison of Saxo vs RoboForex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Saxo and RoboForex are both respected names in the online brokerage world, but they differ significantly in terms of trust and regulatory status. Founded in 1992, Saxo is not only a well-established broker but also operates as a bank. It holds an impressive seven Tier-1 licenses, which are highly trusted by industry standards, and one Tier-2 license. Saxo's adherence to stringent regulatory standards is reflected in its near-perfect Trust Score rating of 99 out of 99 on ForexBrokers.com, making it one of the most trusted choices for online traders.
On the other hand, RoboForex was established in 2009 and, while it does not function as a bank, it has gained a foothold in the market with one Tier-1 license. RoboForex is rated as having average risk with a Trust Score of 73, according to ForexBrokers.com. The broker is not publicly traded, and unlike Saxo, it lacks Tier-2 licensing. These distinctions are crucial for traders considering the level of trust and regulation they require in a broker.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing commissions and fees, Saxo earns 5 out of 5 stars and ranks #9 of 63 brokers (ForexBrokers.com), while RoboForex scores 3.5 out of 5 stars and ranks #56 of 63. In simple terms, Saxo tends to be cheaper for active traders and those with larger balances, whereas RoboForex’s popular account types show higher typical costs on key pairs.
For forex, Saxo is spread-only (no commission), with a $3-per-side ticket fee if your monthly trading volume is under 50,000 units. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips tighter. The best pricing is tied to higher tiers: Classic has a $0 minimum deposit, Platinum requires $200,000, and VIP generally starts at $1,000,000 (or qualifies via loyalty). Saxo also waives custody fees for share trading if you opt into securities lending.
RoboForex’s Procent and Pro accounts average 1.3 pips on EUR/USD, which is high compared with Saxo’s tiers—even the Classic account’s 1.1-pip average undercuts it. Bottom line: if your priority is low spreads and you can meet higher-tier requirements, Saxo is typically the better-value option; if not, expect higher ongoing trading costs with RoboForex based on the figures above.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 1.3 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at Saxo and RoboForex, Saxo stands out with a wider selection of tradeable symbols, offering an impressive 70,000 compared to RoboForex's 8,400. Saxo provides access to 190 forex pairs, while RoboForex offers 28, giving traders a more extensive array of options to choose from with Saxo. Both platforms support forex trading through CFDs or spot contracts. However, when it comes to exchange-traded securities, Saxo takes the lead, allowing clients to invest in U.S. and international companies like Apple and Vodafone directly through its platform, a feature not available with RoboForex.
Both Saxo and RoboForex offer copy trading and enable investments in cryptocurrency derivatives, though neither provides the option to purchase actual cryptocurrencies. With a top-tier rating of 5 stars for its range of investments, Saxo is ranked #3 out of 63 brokers, underscoring its comprehensive offering. Meanwhile, RoboForex, with a slightly lower rating of 4.5 stars, ranks #21, reflecting a respectable range of investment options, but still not matching the breadth that Saxo provides.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 8400 |
| Forex Pairs (Total) | 190 | 28 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| 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 RoboForex both provide a free demo account for paper trading, along with Windows desktop and web-based platforms. Each supports trading directly from charts and offers copy trading. The key difference is platform choice: Saxo delivers its own in-house platform, while RoboForex does not have a proprietary option and instead focuses on third-party platforms. If you want MetaTrader, RoboForex supports both MT4 and MT5; Saxo does not offer MT4 or MT5.
Independent ratings underline the contrast in platform and tool quality: ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers for Trading Platforms and Tools, while RoboForex earns 4 stars and ranks #44. In short, choose Saxo if you prefer a broker-built platform with streamlined chart trading, or pick RoboForex if you want the MetaTrader platforms alongside copy trading on desktop and web.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and RoboForex both deliver mobile trading apps for iPhone and Android, complete with price alerts, trendline drawing, and auto‑saved chart annotations. Where they differ is depth and convenience: Saxo offers 64 technical studies in its mobile charts compared with RoboForex’s 30, giving active traders more tools to analyze price action. Saxo also syncs watchlists with your online account so symbols stay aligned across devices, while RoboForex does not provide watchlist syncing.
Independent ratings underscore the gap. ForexBrokers.com gives Saxo 5 out of 5 stars for Mobile Trading Apps and ranks it #2 out of 63 brokers. RoboForex earns 4 out of 5 stars and ranks #44. In short, both apps cover key trading needs on the go, but Saxo stands out for richer charting and a more seamless, synced experience.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| 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 |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
Saxo and RoboForex both cover the essentials for trading research: daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar. The key differences are in the tools. Saxo includes Autochartist and a sentiment gauge that shows long/short positioning across instruments. RoboForex does not offer Autochartist or a sentiment tool, but it does integrate Trading Central and Acuity Trading (Signal Centre). Neither broker provides TipRanks.
On overall quality, ForexBrokers.com rates Saxo at 5 stars and ranks it #1 out of 63 brokers for Research, while RoboForex earns 3.5 stars and ranks #38. If you want top-tier news and calendars, both work well; choose Saxo for Autochartist and sentiment data, or pick RoboForex if you prefer Trading Central or Acuity tools.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners at Saxo versus RoboForex: Saxo offers monthly client webinars, while RoboForex does not run monthly webinars. Saxo also provides at least 10 beginner trading videos, whereas RoboForex does not meet that mark. As you progress, Saxo includes 10+ advanced videos; RoboForex does not. According to ForexBrokers.com, Saxo earns 5 stars for Education and ranks #13 out of 63 brokers, compared with RoboForex at 3.5 stars and rank #57. This summary does not specify whether either broker meets the minimum 10-piece threshold for forex or CFD education overall, nor whether they provide a searchable archive of past webinars or an investor dictionary with 50+ terms.
Bottom line for new traders: Saxo is the stronger pick if you want steady live learning via webinars and a larger beginner video library. RoboForex may suit those who are fine with fewer beginner videos and no monthly webinars. If long-term learning matters—moving from beginner to advanced—Saxo’s video coverage gives you a clearer path. For exact details on forex/CFD article counts, webinar archives, or glossaries, check each broker’s education page.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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 RoboForex. Saxo finished with an overall rank of #3, while RoboForex finished with an overall rank of #46.
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
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RoboForex
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| Overall Rating |
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| Trust Score | 99 | 73 |
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Both Saxo and RoboForex do not provide the option to purchase actual cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
RoboForex offers broader deposit and withdrawal options—including ACH/SEPA, PayPal, Skrill, and bank wire transfers—while Saxo supports bank wire transfers only and lacks ACH/SEPA, PayPal, and Skrill; Visa/Mastercard availability is not specified for either broker.
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 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Saxo Review | RoboForex Review |
| Broker Screenshots | Saxo | RoboForex | |
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| Broker Gallery (click to expand) |
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| Regulation | Saxo | RoboForex | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1992 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 8400 | |
| Forex Pairs (Total) | 190 | 28 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | RoboForex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | RoboForex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Saxo | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Saxo Review | RoboForex Review |
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