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AMarkets vs Saxo Bank

AMarkets or Saxo – which is better for UK traders 2024? Compare AMarkets and Saxo in this detailed breakdown of their platforms, features and fees.

AMarkets vs Saxo Comparison Table 2024
AMarkets	Saxo

2.8	4
AMarkets is ranked #97 among CFD brokers.	Saxo is ranked #84 among CFD brokers.
Review	Review
AMarkets is an established forex and CFD broker registered in the Cook Islands. Founded in 2007, the brokerage has over 1 million clients and is regulated in several offshore jurisdictions, including St Vincent and the Grenadines and Mwali. Over 1400 instruments are available on the popular MT4 and MT5 platforms.	Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
	66% of retail accounts lose money.
Pros
Cashback program with up to $17 rewarded for every lot traded, plus a VIP program with better trading conditions A range of trading tools including a calculator, economic calendar, and sentiment indicators Copy trading USD account with a $100 minimum deposit, leverage up to 1:500 and hedging Regular trading news, forex analysis and trading ideas in the broker's Telegram channel Micro Bitcoin (MBT) account available for beginners with a low 0.001 BTC deposit No fees for deposits and a range of fast methods, including crypto transfers Access to Autochartist analysis with signals and automated position entry	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
There are wider standard spreads than many competitors We found that educational materials trail alternatives No top-tier regulation reduces the trust score Withdrawal fees up to 1.8%	High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Awards
Best Value Broker Middle East 2020 - Global Forex Awards Fastest Growing Forex Broker in the Middle East 2019 - Egypt Investment Expo Best Execution Speed Highest Client Success Rate 2014 - IAFT Awards Fastest Growing Broker 2013 - STP Broker Asia Best Educational Program 2011 - Show FX
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$100	£500
Payment Methods
Credit Cards FasaPay Mastercard Perfect Money Skrill Visa Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
FSA SVG	DFSA, MAS, FCA, SFC
Mobile Apps
Yes	SaxoTraderGo (iOS, Android, Windows)
iOS App Rating

Android App Rating

Margin Trading
No	No
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
The copy trading service is a good option for newer traders and you can pick investors to follow based on their profitability, fees, number of followers and more. The $100 starting deposit is also accessible for beginners.
Social Trading
Yes	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY SEK DKK CHF
Commodities
Gold Silver	Gold Silver Natural Gas Oil Copper Corn
CFD
Experienced traders can access leverage up to 1:1000 on a range of CFDs across metals, energies, indices and more. Beginners can also follow and copy successful CFD trades in the copy trading account.	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:1000	1:30
FTSE Spread
64	1.2 pts (Variable)
GBPUSD Spread<
0.6	0.7 (var)
Oil Spread
3	0.03
Stocks Spread
Variable	0.10% (subject to min commission)
Forex
AMarkets offers a decent range of 42 majors, minors and exotics with low spreads from 0.2 pips in the ECN account. With that said, Standard account spreads come in at around 1.5 pips for EUR/USD, which is higher than the best forex brokers.	Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
42	40+
GBPUSD Spread
0.6	0.7 (varies by region)
EURUSD Spread
0.3	0.2 (varies by region)
EURGBP Spread
1.5	0.6 (varies by region)
Cryptocurrency
Access a decent range of crypto pairs against USD and deposit just 10 MBT to access the broker's Micro Bitcoin account. Deposit methods include Bitcoin, Binance Coin and Ethereum.	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
From 30	Variable
Coins
BTC BCH DSH ETC ETH LTC XRP	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

AMarkets	Saxo
Review	Review
	66% of retail accounts lose money.
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AMarkets vs	Saxo vs