This comparison guide helps users who are confused about choosing between AvaTrade and Saxo Bank to find the right online broker for their trading and investment needs. It studies the fundamental features of the two brokers shoulder to shoulder to help users compare their service and make an informed decision.
To help users choose between AvaTrade and Saxo Bank to find the best-suited platform, below is a list of broker’s pros and cons, followed by a comparison of their common trading features, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, regulation, and customer support.
AvaTrade vs. Saxo Bank: Summary
AVATrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Low minimum deposit ($100)
- Fixed forex spreads from 0.9 pips
- Wide range of platforms and third party integrations (MT4, MT5, TradingView)
- Support for various trading styles (algorithmic, automated, copy trading)
- Intuitive mobile app
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
AvaTrade vs. Saxo Bank Comparison
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AVAtrade
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:400 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $50 after every 3 months and $100 after every 12 months | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.9 | 1 |
| Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 3.4 | $0.60 |
| Crypto | 0.35% | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 30.000 |
| ETF & Funds | 0 | 5.800 |
| Crypto | 0 | 9 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 3.000 |
| Futures | 0 | 300 |
| Bonds | 0 | 4.200 |
| Forex Instruments | 55 | 200 |
| CFD Indices & Funds | 91 | 50 |
| CFD Stocks | 612 | 19.000 |
| CFD Commodities | 18 | 50 |
| CFD Crypto | 20 | 0 |
| CFD Bonds | 2 | 0 |
| Binary Options | 44 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
AvaTrade vs. Saxo Bank Comparison Conclusion
The results of our comparison of AvaTrade vs. Forex.com are summarized in the table below.
| Broker: | Best For: |
| AvaTrade | Forex, CFDs and Options |
| Saxo Bank | Premium Trades and CFD Trading |
Choosing between AvaTrade and Saxo Bank can be a tough decision. Both online brokers have similarities but differ regarding trading instruments, platforms & apps, regulation, deposit & withdrawals, and research and education. Finding the best broker depends on users’ trading & investment goals, individual preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.