Avatrade vs Saxo Bank
AvaTrade or Saxo – which is better for UK traders 2024? Compare AvaTrade and Saxo in this detailed breakdown of their platforms, features and fees.
AvaTrade | Saxo |
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AvaTrade is ranked #1 among CFD brokers. | Saxo is ranked #84 among CFD brokers. |
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support. | 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 | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | £500 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | Vary by asset |
Regulator | |
ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM | DFSA, MAS, FCA, SFC |
Mobile Apps | |
iOS & Android | SaxoTraderGo (iOS, Android, Windows) |
Trading App | |
AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | No |
Margin Rate | |
2% | |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
Yes | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
Yes | No |
ECN Account | |
No | Yes |
DMA Account | |
Yes | No |
MAM Account | |
Yes | No |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite. | |
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 |
Inactivity Fee | |
$50 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
Leverage | |
1:30 (Retail) 1:400 (Pro) | 1:30 |
FTSE Spread | |
0.5 | 1.2 pts (Variable) |
GBPUSD Spread< | |
1.5 | 0.7 (var) |
Oil Spread | |
0.02 | 0.03 |
Stocks Spread | |
0.13 | 0.10% (subject to min commission) |
Forex | |
AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
Assets | |
50+ | 40+ |
GBPUSD Spread | |
1.5 | 0.7 (varies by region) |
EURUSD Spread | |
0.9 | 0.2 (varies by region) |
EURGBP Spread | |
1.5 | 0.6 (varies by region) |
Currency Indices | |
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AvaTrade | Saxo |
66% of retail accounts lose money. | |
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