Admiral Markets vs Saxo Bank - Fees Review included
Which broker is better Admiral Markets or Saxo Bank? Our expert assessment conducted according to TU’s own methodology showed that Admiral Markets is one of the top brokers in the financial market with the TU Overall Score of 8 out of 10. Saxo Bank is one of the top brokers in the financial market with the TU Overall Score of 7.04 out of 10. Find out more about TU Overall Score.
| Feature | Admiral Markets | Saxo Bank |
|---|---|---|
Overall |
4.7 |
4.5 |
5 |
4.8 |
|
4.8 |
4.6 |
|
4.7 |
5 |
|
Investment Instruments |
4.5 |
4.2 |
Platforms and Charting Tools |
4.6 |
4.6 |
Deposit and Withdrawal |
4.4 |
4.0 |
Research |
4.6 |
5 |
Education |
4.4 |
3.6 |
Support |
4.4 |
4.4 |
Bonuses |
3 |
3.6 |
|
|
|
Admiral Markets vs Saxo Bank: Pros and Cons
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority. After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. The broker's divisions also have licenses from FCA (UK), ASIC (Australia), and licenses from other regulators.
| Admiral Markets | Saxo Bank | |
|---|---|---|
| Overall Pros | Well-Regulated broker | favorable trading terms for professional traders with at least 1 year of experience |
| 3400+ trading instruments | over 71 thousand instruments for trading | |
| Low trading and non trading fees | the opportunity to invest in ready-to-use long-term portfolios managed by professionals | |
| Invest account for stock and ETF trading | ||
| 6 free stock trades per day | ||
| Fee discounts for big volume trading | ||
| Any strategy is allowed | ||
| Free VPS | ||
| Direct stock trading, Over 4500 stocks and ETFs | ||
| Overall Cons | No forex bonuses | Cent accounts are not available |
| a ban on algorithmic trading for traders from abroad | ||
| you cannot contact support in the online chat on the company's website (The chat is available only after full registration on the broker’s website and passing KYC). |
Admiral Markets vs Saxo Bank: Safety and Regulation
| Regulated By: | Admiral Markets | Saxo Bank |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Jordan (JSC), South Africa (CIPC) |
DFSA (Denmark) , and other European regulators |
Admiral Markets vs Saxo Bank: Trading Conditions
| Trading Conditions | Admiral Markets | Saxo Bank |
|---|---|---|
Minimum Deposit |
$1 |
$0 |
Trading Platforms |
МТ4, MT5 |
SaxoTraderGo, SaxoTraderPro |
Max Leverage (Futures) |
1-500 |
1-30 |
Supported Markets |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, CFDs, stocks, ETFs, futures, bonds, Forex options, quoted options, Mutual Funds, Options |
Trading assets |
3500+ |
71000+ |
Trading Accounts |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Classic, Platinum, VIP, Professional |
Base Account Currencies |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
USD, EUR |
Admiral Markets vs Saxo Bank: Fees
Forex Trading Fees
| Fee | Admiral Markets | Saxo Bank |
|---|---|---|
Standard Account EURUSD Average Spread |
0.6 pips |
0.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3-1.8 per lot |
Not supported |
ECN Account EUR Average Spread |
0.1 pip |
Not supported |
CFD Trading Fees
| Fee | Admiral Markets | Saxo Bank |
|---|---|---|
CFD Trading Fee |
Forex and metals - 1.8-3 USD per lot Indices - 0.05-3.0 USD per lot Energy commoditites - 1 USD per lot |
Floating spread |
Non-Trading Fees
| Fee | Admiral Markets | Saxo Bank |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
10 EUR per month after 24 monthes of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Admiral Markets vs Saxo Bank: Trading Assets
| Asset Name | Admiral Markets | Saxo Bank |
|---|---|---|
Overall |
3500+ |
71000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes |
Yes |
Bonds |
Yes (CFD) |
Yes |
Mutual funds |
No |
Yes |
Stock options |
No |
Yes |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Admiral Markets or Saxo Bank: Investment Programs
| Asset Name | Admiral Markets | Saxo Bank |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Saxo Bank or Admiral Markets
| Admiral Markets | Saxo Bank | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
Admirals, StereoTrader |
SaxoTraderGo, SaxoTrader Pro |
Others |
No |
No |
|
|
|
Admiral Markets vs Saxo Bank: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Admiral Markets | Saxo Bank |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
Admiral Markets vs Saxo Bank: Research
| Research Type | Admiral Markets | Saxo Bank |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Admiral Markets vs Saxo Bank: Education
| Education Type | Admiral Markets | Saxo Bank |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
Yes |
No |
Saxo Bank vs Admiral Markets: Support
| Support Features | Admiral Markets | Saxo Bank |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Admiral Markets vs Saxo Bank: Forex Bonuses and Promo
| Promo | Admiral Markets | Saxo Bank |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
up to $600 per client |
“Member gets member” represents a remuneration accrual for attracting new clients who have replenished a trading deposit at least once. When replenishing from $10,000, the partner gets $500; from $200,000 - $1,000; from $1,000,000 - $3,000 |
Other Promos |
Accrual of points for account replenishment and qualified transactions. Once you have collected enough points, you will be promoted to a higher account level, allowing you to improve your trading conditions. |
|
|
|
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Top 5 Reviews on Saxo Bank
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank provides a personalized approach to client services and offers a wide range of financial services that include asset management and consulting. Moreover, it provides high-quality educational materials and market research that help me make informed investment decisions. I participated in webinars several times and also listened to podcasts with Saxo Bank experts. I use SaxoTraderGO for trading and SaxoInvestor for long-term investment.
-
Comment
Saxo Bank is a broker with favorable conditions, offering over forty thousand trading instruments, ready-made portfolios, and a professional platform. However, for novice traders, the conditions of this broker may be challenging. Saxo Bank requires a high initial deposit, floating spreads, commissions depending on trading volumes, and maximum leverage up to 1:40. I think this broker is more suitable for experienced traders.
-
Comment
Being a licensed bank and broker, Saxo Bank complies with strict security and regulation standards. These include client data protection, transaction transparency, and compliance with financial rules. Money is transferred without delays or additional expenses, except for bank fees. Support in a live chat of the trading platform is prompt, and chat operators respond within 5 minutes. Personal consultations are available. Saxo Bank provides direct access to markets, therefore orders are always executed promptly.
Top 5 Reviews on Admiral Markets
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
-
Comment
I don’t recommend trading with admirals. If you don't want to lose all your money, don't open an account here. One reason is that stop loss never works during news. I set a stop loss on most of my positions, but the position was closed at least 20 pips away from the set price. That is, admirals deliberately drains money.
-
Comment
Admirals not only cheats, but simply steals money. My account is blocked, the money is lost. Recovery is not possible. So it’s high time to write my negative review.
-
Comment
I read the reviews below and I'm surprised. Personally, I have not received my withdrawal of the ridiculous amount of $100 from admiral markets since 11/09/2023. They also give me silly answers as best they can.
-
Comment
I am very pleased to work with Admirals. This is an excellent choice for experienced traders. The platform works stably, spreads are very good, a large choice of trading and analytical tools is available, and the user account is easy to use. In addition, there are many ways to deposit and withdraw, which is very convenient. I think that Admirals is at a fairly high level.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.