Monex
Saxo Bank
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Monex and Saxo Bank stand out with distinct offerings tailored to different types of traders. Monex, with a rating of 3.42/5, appeals to international traders interested in a diverse range of markets, including stocks, ETFs, and cryptocurrencies, benefiting from its FSA and SEC regulation and zero minimum deposit requirement. In contrast, Saxo Bank, rated 4/5, caters to experienced traders seeking access to over 40,000 instruments and professional-grade tools, though it requires a higher minimum deposit and imposes higher fees for smaller accounts. While Monex prioritises global expansion and diverse market access, Saxo Bank excels with its advanced platforms and comprehensive research resources.
Monex
Saxo Bank
| Monex | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 3.4/5 | 4.0/5 ✓ |
| Min. Deposit | $0 ✓ | $2000 |
| Spread from | 0 pips ✓ | 0.4 pips |
| Max Leverage | 1:3 | 1:200 ✓ |
| Regulation | FSA, SEC | FCA, MAS, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowMonex
Saxo Bank
WinnerMonex
Saxo Bank
Monex
3.4/5
Choose Monex if you want…
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Saxo Bank scores higher overall on our independent rating system. Monex holds a 3.4/5 rating vs Saxo Bank's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Monex offers spreads from 0 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. Saxo Bank requires $2000.
Monex is regulated by FSA, SEC, while Saxo Bank holds licences from FCA, MAS, ASIC.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Saxo Bank supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.