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Saxo Bank vs Eightcap

Saxo or Eightcap – which is better for UK traders 2026? Compare Saxo and Eightcap in this detailed breakdown of their platforms, features and fees.

Saxo vs Eightcap Comparison Table 2026
Saxo	Eightcap

4	4.6
Saxo is ranked #25 among CFD brokers.	Eightcap is ranked #5 among CFD brokers.
Review	Review
Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC.	Eightcap, an acclaimed broker regulated by the FCA, offers exceptionally low trading costs. Recognised as the top-rated brand by TradingView's vast user base of 100 million, traders can directly access the platform. UK traders can open a live account with a minimum deposit of just £100.
66% of retail accounts lose money.
Pros
Saxo offers traders genuine multi-asset access through a single account. Our tests showed seamless trading in FX, CFDs, stocks, ETFs, futures, options, and bonds across over 70,000 instruments, all without needing to switch platforms. Execution was robust during live tests. Saxo's FX order statistics showed average fills at 9–10ms, with approximately 99.3–99.5% completing in under 50ms. This performance aligned with the rapid, precise fills observed on major FX and index CFDs. Research tools excel with Autochartist integration. It offers filters by pattern type, asset class, and timeframes from 15 minutes to daily, with probability bands reaching over 70%, ensuring genuine utility.	Eightcap has excelled in all essential trading areas, surpassing all rivals to clinch our 'Best Overall Broker' award for 2024. It also earned the titles of 'Best Crypto Broker' and 'Best TradingView Broker' for 2025. In 2026, Eightcap integrated TradeLocker in select areas, establishing itself as the premier regulated broker for this platform. It continues to offer ultra-fast execution and competitive fees for active traders using the charting software. Eightcap offers competitive trading with tight spreads starting from 0 pips and low commission fees. These affordable and adaptable conditions suit various strategies, including trading and scalping. In 2021, Eightcap enhanced its lineup, now providing an extensive range of cryptocurrency CFDs. It offers crypto/fiat and crypto/crypto pairs, along with crypto indices for comprehensive market exposure. Eightcap excels with a suite of advanced trading tools, such as MT4 and MT5, and has recently joined the 100-million-user social trading network, TradingView.
Cons
Our analysis shows classic account pricing is costly for traders. The EUR/USD pair typically incurs all-in spreads of 0.8–0.9 pips. Consequently, traders with smaller volumes will often face higher costs compared to leading ECN-style brokers. Withdrawals are dependable but sluggish. Saxo handled requests within 1-2 business days, but transfers typically reached our bank in 4-5 days due to correspondent banking and SHA fees. Saxo offers speed but is not ideal for ultra-tight scalping. Around 55-60% of EUR/USD orders experience zero slippage. However, about 20% encounter negative slippage, especially noticeable during news events and in higher-latency conditions of 300-400ms.	Despite the growing range of tools available, Eightcap lacks popular industry resources such as Autochartist and Trading Central. These provide advanced charting analytics, live news, and essential market insights for traders focused on short-term strategies. Eightcap must enhance its range of over 800 instruments to rival top competitors like Blackbull Markets, which offers 26,000+ assets, especially improving its limited commodities selection. The demo account is available for 30 days, after which it requires a request for extension. This is less convenient than XM's offering, which provides an unlimited demo mode. Despite a helpful array of educational guides and e-books in Labs, Eightcap lags behind IG's extensive resources for aspiring traders. IG boasts a dedicated Academy app and features 18 diverse course categories.
Awards
	Best TradingView Broker 2025 - DayTrading.com Best Cryptocurrency Broker 2025 - DayTrading.com Best Overall Broker 2024 - DayTrading.com Best Cryptocurrency Broker 2024 - DayTrading.com Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	CFDs, Forex, Stocks, Indices, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	£100
Payment Methods
Debit Card Mastercard PayNow Visa Wire Transfer	Credit Card Debit Card FasaPay Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
Vary by asset	0.01 Lots
Regulator
DFSA, MAS, FCA, FINMA, AMF, CONSOB	FCA, ASIC, CySEC, FSC, SCB, FSA
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS & Android
Trading App
	Eightcap offers MT4, MT5, and TradingView apps, being the sole FCA-regulated broker with TradingView, ideal for mobile traders seeking advanced charting. Although MetaTrader's design feels dated, its numerous technical indicators, drawing tools, diverse chart styles, and simple horizontal overlays are impressive. Push notifications and an active social network on TradingView are beneficial for traders, with Eightcap providing guidance videos on linking TradingView to iOS and Android.
iOS App Rating
4.6	4.8
Android App Rating
4.6	4.4
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	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	Yes
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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
	TradingView Bots
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD JPY ZAR TRY SEK NOK DKK CHF HKD SGD PLN CZK AED HUF MXN	USD EUR GBP CAD AUD NZD SGD
Commodities
Gold Silver Natural Gas Oil Copper Corn	Gold Silver Oil Palladium Zinc Nickel Platinum
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.	Eightcap provides an extensive selection of trading options with over 800 CFDs covering equities, indices, bonds, commodities, and digital currencies, subject to regional availability. Traders can access leverage ranging from 1:30 to 1:500. The platform is distinguished by its sophisticated tools, including an AI-powered economic calendar that tracks over 25 countries with filters for varying impact levels. Despite these strengths, Eightcap's selection of commodities, especially softs such as cotton and wheat, along with its range of precious metals and energy assets, remains limited and could benefit from further development.
Leverage
1:30	1:30
FTSE Spread
1.2 pts (Variable)	1.2
GBPUSD Spread<
0.7 (var)	0.1
Oil Spread
0.03	0.03
Stocks Spread
0.10% (subject to min commission)	0.03 (Apple Inc)
Forex
Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips.	Eightcap provides over 50 currency pairs, matching the industry norm but falling short of leaders like CMC Markets, which offers more than 300. Nonetheless, Eightcap distinguishes itself with institutional-quality spreads starting from 0.0 pips on major pairs such as EUR/USD. The broker's competitively low commissions at $3.50 per side further enhance its appeal. Eightcap also equips traders with comprehensive forex data, including essential fundamentals, bullish and bearish signals, and a calendar monitoring significant foreign exchange market events.
Assets
40+	50+
GBPUSD Spread
0.7 (varies by region)	0.1
EURUSD Spread
0.2 (varies by region)	0.0
EURGBP Spread
0.6 (varies by region)	0.1
Currency Indices
	USD

Saxo	Eightcap
Review	Review
66% of retail accounts lose money.
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