Saxo Bank vs Eightcap
Saxo or Eightcap – which is better for UK traders 2025? Compare Saxo and Eightcap in this detailed breakdown of their platforms, features and fees.
| Saxo | Eightcap |
|---|---|
 |
 |
|
|
| Saxo is ranked #64 among CFD brokers. | Eightcap is ranked #9 among CFD brokers. |
| 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 | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| 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 | |
| £500 | £100 |
| Payment Methods | |
| Minimum Trade | |
| Vary by asset | 0.01 Lots |
| Regulator | |
| DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | ASIC, FCA, CySEC, SCB |
| 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 | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| No | 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 | 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 | |
|
|
| Commodities | |
|
|
| 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 | |
|
|
| Saxo | Eightcap |
| 66% of retail accounts lose money. | |
| More Comparisons | |
|
Saxo vs |
Eightcap vs |