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Saxo Bank vs Fortrade

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

Saxo vs Fortrade Comparison Table 2026
Saxo	Fortrade

Not Rated	4
Saxo is ranked # among .	Fortrade is ranked #23 among CFD brokers.
	Review
Saxo has closed or no longer accepts UK clients.	Fortrade is a well-regulated broker with oversight from authorities such as the FCA, CySEC, and ASIC. The firm offers trading on diverse instruments like stocks, bonds, commodities, forex, indices, cryptocurrencies, and ETFs. It provides competitive fees and supports both MetaTrader 4 and its own trading platform.
Pros
	In recent years, many brokers have given up their EU licences, depriving European traders of regulated access. Fortrade, however, retains its CySEC licence under MiFID II. This ensures German, French, and other EU traders have a compliant option with separated client funds and a clear complaints procedure. In Fortrade's regulatory framework, no compensation scheme parallels the CIPF's CAD 1 million coverage for eligible Canadian clients. This stands as the top investor protection cap by any FCA/ASIC/CySEC-tier broker in Canada, yet it often goes unnoticed. Few retail CFD brokers provide both bond CFDs on 5Y, 10Y, and 30Y US Treasuries and soft commodity exposure within a single account. This concurrent offering is rare for traders seeking macro hedging tools or soft commodity access without a specialised platform.
Cons
	Fortrade operates as a market maker, offering no Raw or ECN options. All clients, irrespective of deposit or experience, encounter identical internal pricing during NFP, FOMC, and BOE announcements. As liquidity decreases and slippage increases, the EUR/USD spread of 2 to 2.5 pips results in significantly higher entry costs during news releases than suggested by the headline model. Mauritius-based international clients can access 1:200 leverage on major FX pairs—six times the FCA limit for retail traders. There is no compensation scheme, fewer conduct rules, and no Financial Ombudsman equivalent. This mix of high leverage and limited safeguards is Fortrade's main structural risk. Fortrade's platforms, Fortrader and MT4, provide fundamental tools but lag behind the fast-evolving retail CFD market. Fortrader is user-friendly but lacks depth and has stability problems under stress. MT4 offers solid functionality but is outdated. The absence of MT5, TradingView, cTrader, copy trading, and PAMM individually may be manageable, but collectively they limit traders whose needs expand past the beginner level.
FCA Regulated
	Yes
Instruments
	Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
	Yes
Minimum Deposit
	$100
Payment Methods
	Credit Card Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
	0.01 Lots
Regulator
	FCA, ASIC, FSC, CIRO, DFSA, CySEC
Mobile Apps
	iOS & Android
Trading App
	The Fortrader mobile app allows trading of over 60 currency pairs. Users can view daily market insights and handle deposits and withdrawals through the app. Available on the Apple App Store and Google Play.
iOS App Rating
	3.5
Android App Rating
	4.2
Margin Trading
	Yes
MetaTrader 4
	Yes
MetaTrader 5
	No
cTrader
	No
AlgoTrader
	No
OmniTrader
	No
TradingView
	No
Autochartist
	No
eSignal
	No
Trading Central
	Yes
STP Account
	No
ECN Account
	Yes
DMA Account
	No
MAM Account
	Yes
PAMM Account
	Yes
LAMM Account
	No
Demat Account
	No
AI / Machine Learning
	No
Robo Advisor
	No
Negative Balance Protection
	Yes
Market Maker
	No
P2P Trading
	No
Spot Trading
	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
	No
Social Trading
	No
Trade Signals
	Yes
VPS Hosting
	No
Tournaments
	No
Demo Competitions
	No
Ethical Investing
	No
Custodial Account
	No
Guaranteed Stop Loss
	No
Inactivity Fee
	$10
Islamic Account
	Yes
Account Currencies
	USD EUR GBP CAD AUD
Commodities
	Gold Silver Oil Gasoline Copper Corn Cotton Palladium Platinum Sugar Wheat Natural Gas
CFD
	Fortrade offers a diverse selection of leveraged CFDs across various asset classes such as forex, stocks, bonds, indices, commodities, and cryptocurrencies. Traders benefit from leverage up to 1:30, zero commission, fast execution, and low latency, whether using MetaTrader 4 or Fortrade’s bespoke platform.
Leverage
	1:30 (varies by entity)
FTSE Spread
	2
GBPUSD Spread<
	2
Oil Spread
	0.04
Stocks Spread
	Variable
Forex
	Fortrade provides over 60 currency pairs, featuring a solid range of major, minor, and exotic options. Traders can use MT4 or Fortrade's proprietary, low-latency platform. The USD/GBP spread typically averages a competitive 2 pips.
Assets
	60+
GBPUSD Spread
	2
EURUSD Spread
	2
EURGBP Spread
	3

Saxo	Fortrade
	Review
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