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.
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 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 |
When comparing the commissions and fees of Saxo and RoboForex, Saxo stands out with excellent pricing for active and high-volume traders. Saxo offers three account types—Classic, Platinum, and VIP—each with different spreads to cater to various trading needs. For the EUR/USD pair, spreads are as low as 0.9 pips for the VIP account, slightly higher at 1.0 pips for the Platinum account, and 1.1 pips for the Classic account. Saxo's pricing strategy, along with the option for traders to upgrade their account tier through loyalty points, provides significant value, particularly for large investors. As a bonus, Saxo is commission-free for most traders, although a small fee applies for those trading less than 50,000 units per month.
In contrast, RoboForex's fee structure features average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts. This pricing is generally higher compared to Saxo, making RoboForex a less cost-effective choice for traders focused on minimizing spread costs. RoboForex's ranking for commissions and fees reflects these less competitive terms, standing at #55 out of 63 brokers evaluated by ForexBrokers.com, with a rating of 3.5 stars. This positions RoboForex significantly lower than Saxo, which is ranked #9 and boasts a 5-star rating for its commissions and fees.
Overall, Saxo offers a strong pricing model with competitive spreads across its account tiers and opportunities for fee reductions via account upgrades, making it a preferable choice for those looking for both flexibility and cost efficiency. In contrast, RoboForex, while accessible, presents higher average spreads, which could impact cost-effectiveness for frequent traders.
| 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 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the sheer breadth of investment options, Saxo and RoboForex offer traders a variety of possibilities, though Saxo far surpasses in range. Saxo provides access to an impressive 70,000 tradeable symbols, including 190 forex pairs, and offers both CFD and spot contracts for forex trading. Saxo also allows investors to purchase exchange-traded securities on both U.S. and international exchanges, such as shares of Apple and Vodafone, highlighting its extensive market reach. Conversely, RoboForex offers a smaller but notable array of 8,400 tradeable symbols with 28 forex pairs available, also supporting CFD and spot contracts for forex. However, RoboForex does not provide direct access to U.S. or international exchange-traded securities.
Both Saxo and RoboForex enable copy trading and offer cryptocurrency derivatives, though neither allows for the purchase of actual cryptocurrencies. Evaluating the overall range of investments, Saxo is rated 5 stars and ranked #3 out of 63 brokers by ForexBrokers.com, thanks to its vast array of offerings. RoboForex receives a commendable 4.5-star rating, holding the #20 spot in the same category. While Saxo's expansive investment opportunities cater to traders seeking comprehensive access to various markets, RoboForex provides a solid selection suited for traders looking for a more focused approach.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 8400 |
| Forex Pairs (Total) | 190 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing Saxo and RoboForex in terms of their trading platforms and tools, both brokers offer simulated trading through free virtual demo accounts, making them accessible for beginners. Saxo provides a proprietary platform developed in-house, delivering customized and tailored trading experiences. While both brokers have Windows-based desktop and web-based trading platforms, only RoboForex supports the popular MetaTrader 4 and MetaTrader 5 platforms, offering traders flexibility with familiar tools. Additionally, both Saxo and RoboForex facilitate copy trading, catering to users interested in mirroring experienced traders' strategies.
Saxo surpasses RoboForex concerning the variety of trading tools offered. Saxo allows trades directly from stock charts and supplies 20 drawing tools for technical analysis, compared to 15 from RoboForex. Furthermore, Saxo excels in watch list customization with 60 fields, overshadowing RoboForex's 7. These offerings contribute to Saxo's top-tier 5-star rating for their trading platforms and tools, as well as their #1 ranking out of 63 brokers by ForexBrokers.com. In comparison, RoboForex holds a respectable 4-star rating and is ranked #43. This highlights Saxo's superior integration of tools that cater to both professional and entry-level traders.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and RoboForex offer compatible apps for iPhone and Android users, making it easy for traders to stay connected on the go. Both platforms provide stock and forex price alerts alongside the capability to draw trendlines and view various time frames on charts. While both apps offer these essential functions, there are some distinctions in their offerings. Saxo provides a more potent experience with 64 technical studies available for charting, compared to RoboForex's 30. Additionally, Saxo's app features watchlist symbol syncing, a feature not offered by RoboForex, ensuring seamless integration between the mobile app and the online account.
Saxo's mobile app also stands out with its five-star rating for mobile trading apps, ranking it significantly higher than RoboForex, which received a four-star rating. In the Mobile Trading Apps category on ForexBrokers.com, Saxo is placed second out of 63 brokers, whereas RoboForex ranks 43rd. Both platforms allow users to create watchlists with real-time quotes, but Saxo's comprehensive range of features and high ratings make it a preferred choice for traders prioritizing mobile experience efficiency and sophistication.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, both Saxo and RoboForex provide daily market commentary and forex news from major sources like Bloomberg and Reuters. However, their approaches differ when it comes to technical and analytic tools. Saxo leverages Autochartist for technical analysis, giving users a tool for more in-depth trading insights, while RoboForex instead partners with Trading Central, offering tools like Technical Analytics to support trade decisions. While RoboForex features tools from Acuity Trading such as Signal Centre, Saxo differentiates itself with a sentiment-based trading tool, providing a clearer picture of market positions.
Both brokers offer an economic calendar that reports upcoming global financial events, ensuring traders are informed of significant developments. However, when evaluating the overall research quality, Saxo receives a stellar five-star rating, positioned as the top choice among 63 brokers according to ForexBrokers.com. This contrasts with RoboForex's more modest 3.5-star rating, placing it at 37th in the same category. These ratings suggest that while both brokers carry credible research features, Saxo delivers a more comprehensive and top-ranked research experience for its users.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Saxo outshines RoboForex significantly. Saxo offers a comprehensive suite of educational materials, including more than 10 articles, videos, and archived webinars focusing on forex and CFDs. Beginners can benefit from at least 10 instructional videos tailored specifically for them, as well as advanced content for more experienced traders. In addition, Saxo hosts monthly webinars and maintains their recordings in a searchable archive, providing clients with consistent learning opportunities. Their investor dictionary, covering over 50 key investing terms, is another valuable tool for newcomers navigating the trading world.
On the other hand, RoboForex falls short in providing the same level of educational support. They do not meet the benchmark of offering at least 10 educational pieces focused on forex and CFDs, nor do they provide regular webinars or maintain an archive of such events. Moreover, RoboForex lacks a sufficient number of beginner and advanced educational videos, as well as an investor dictionary. This disparity is reflected in their education ratings: Saxo earns a stellar 5-star rating, ranking 13th out of 63 brokers, while RoboForex scores 3.5 stars, placing them at 56th. For beginners seeking a broker with extensive educational resources, Saxo clearly stands out as the superior choice.
| Feature |
Saxo
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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
|
RoboForex
|
|---|---|---|
| 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.
While both Saxo and RoboForex provide Visa/Mastercard and bank wire options for depositing or withdrawing account funds, RoboForex additionally supports ACH/SEPA transfers, PayPal, and Skrill, enhancing its flexibility compared to Saxo's offerings.
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 |
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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 | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 8400 | |
| Forex Pairs (Total) | 190 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | RoboForex | |
|---|---|---|---|
| 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 | |
| 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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