Admiral Markets vs Saxo Bank 2026: Which Broker is Better?

Regulation & Safety

Admiral Markets, established in 2001 and headquartered in Tallinn, Estonia, is regulated by reputable authorities including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulations ensure that Admiral Markets adheres to stringent financial standards, providing traders with a secure trading environment. The broker offers fund protection schemes, including segregated client accounts, which safeguard client funds against insolvency.

Saxo Bank, founded in 1992 and based in Copenhagen, Denmark, enjoys regulation from several top-tier authorities, such as the FCA in the UK, the Monetary Authority of Singapore (MAS), and ASIC. Saxo Bank's regulatory framework is robust, offering high levels of security and transparency. It also provides fund protection through segregated accounts and additional insurance schemes, ensuring a high degree of investor protection.

Fees & Spreads

Admiral Markets offers competitive spreads starting from 0 pips on its Zero account, catering to traders looking for cost-effective trading conditions. The broker charges a commission of $3 per lot, which is attractive for frequent traders. The minimum deposit requirement stands at $100, making it accessible to a wider audience. Overnight fees apply, depending on the asset class and market conditions.

Saxo Bank, on the other hand, charges spreads starting from 0.4 pips, with a commission rate of 0.08% on trades. This can be more expensive for smaller accounts, although it is competitive for large volume trades. The minimum deposit is notably higher at $2,000, which may deter beginner traders. Overnight fees are also applicable, typically higher than those at Admiral Markets due to the extensive range of instruments and professional-grade services provided.

Trading Platforms

Admiral Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with a proprietary web platform, offering a versatile trading experience. MT4 and MT5 are renowned for their robust analytical tools and automated trading capabilities. Saxo Bank provides the proprietary SaxoTraderGO and SaxoTraderPRO platforms, known for their professional-grade features, extensive research tools, and seamless multi-asset trading capabilities, making it ideal for seasoned traders.

Who Should Choose Admiral Markets?

• Traders looking for low spreads and competitive commissions.
• Beginner traders with a modest starting capital of $100.
• Those interested in a wide range of educational resources.
• Investors seeking real stock and ETF trading opportunities.

Who Should Choose Saxo Bank?

• Experienced traders seeking a professional-grade trading platform.
• Investors interested in a vast array of over 40,000 instruments.
• High-net-worth individuals who can meet the $2,000 minimum deposit.
• Traders looking for comprehensive research and market analysis tools.

Our Verdict

For beginners, Admiral Markets is the winner due to its lower minimum deposit and user-friendly MT4/MT5 platforms. For professional traders, Saxo Bank stands out with its sophisticated SaxoTraderGO platform and extensive instrument offerings. In terms of fees, Admiral Markets offers a more cost-effective structure for smaller accounts.