Mitto Markets vs Saxo Bank

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

Mitto Markets vs Saxo Comparison Table 2024
Mitto Markets Saxo
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Mitto Markets is ranked #97 among CFD brokers. Saxo is ranked #84 among CFD brokers.
Review
Review
Mitto Markets offers multi-asset trading across a range of competitive instruments. 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
  • 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
  • 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
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, futures, options, mutual funds Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 £500
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
FCA DFSA, MAS, FCA, SFC
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
No 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
Yes 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
No No
Social Trading
No No
Trade Signals
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
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
Access financial markets with flexible CFDs. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:30 1:30
FTSE Spread
Floating 1.2 pts (Variable)
GBPUSD Spread<
Floating 0.7 (var)
Oil Spread
Floating 0.03
Stocks Spread
Floating 0.10% (subject to min commission)
Forex
Trade on the forex market with 1:30 leverage. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
75+ 40+
GBPUSD Spread
Floating 0.7 (varies by region)
EURUSD Spread
Floating 0.2 (varies by region)
EURGBP Spread
Floating 0.6 (varies by region)
Mitto Markets Saxo
Review
Review
66% of retail accounts lose money.
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