4.5
4.5
0 pts
Head to head
Winners by category
Full comparison table
Rating
Plus500
4.5
Saxo Bank
4.5
Model score
Plus500
80
Saxo Bank
80
Regulation
Plus500
Heavily licensed worldwide by Tier-1 authorities including the Financial Conduct Authority (FCA, UK), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS), Cyprus Securities and Exchange Commission (CySEC), and the Commodity Futures Trading Commission (CFTC, US via Plus500 US).
Saxo Bank
Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan).
Spreads
Plus500
Operates on dynamic spread pricing with direct market execution via its proprietary engine. Average EUR/USD spreads start at approximately 0.8 pips.
Saxo Bank
Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity.
Fees
Plus500
100% commission-free trading model. The broker monetizes via spread markups, overnight financing (swap) adjustments, currency conversion fees (up to 0.7%), and a fee for optional Guaranteed Stop Loss Orders.
Saxo Bank
Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts.
Platforms
Plus500
Proprietary Plus500 WebTrader, Plus500 Mobile App (iOS/Android), and Plus500 Futures terminal for dedicated US futures contracts.
Saxo Bank
Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals).
Account types
Plus500
Offers a single unified Retail Trading Account, a Professional Account for qualifying traders requiring higher leverage limits under ESMA rules, and a dedicated US Futures Account.
Saxo Bank
Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads.
Min deposit
Plus500
$100 for credit/debit cards and electronic wallets; $500 for bank wire transfers.
Saxo Bank
$0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points).
| Topic | Plus500 | Saxo Bank |
|---|---|---|
| Rating | 4.5 | 4.5 |
| Model score | 80 | 80 |
| Regulation | Heavily licensed worldwide by Tier-1 authorities including the Financial Conduct Authority (FCA, UK), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS), Cyprus Securities and Exchange Commission (CySEC), and the Commodity Futures Trading Commission (CFTC, US via Plus500 US). | Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan). |
| Spreads | Operates on dynamic spread pricing with direct market execution via its proprietary engine. Average EUR/USD spreads start at approximately 0.8 pips. | Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity. |
| Fees | 100% commission-free trading model. The broker monetizes via spread markups, overnight financing (swap) adjustments, currency conversion fees (up to 0.7%), and a fee for optional Guaranteed Stop Loss Orders. | Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts. |
| Platforms | Proprietary Plus500 WebTrader, Plus500 Mobile App (iOS/Android), and Plus500 Futures terminal for dedicated US futures contracts. | Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals). |
| Account types | Offers a single unified Retail Trading Account, a Professional Account for qualifying traders requiring higher leverage limits under ESMA rules, and a dedicated US Futures Account. | Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads. |
| Min deposit | $100 for credit/debit cards and electronic wallets; $500 for bank wire transfers. | $0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points). |