Saxo Bank
M1 Finance
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
Choosing between Saxo Bank and M1 Finance depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while M1 Finance operates from Chicago, USA. Saxo Bank has the longer track record, established in 1992, compared to M1 Finance which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Saxo Bank
M1 Finance
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Saxo Bank
4.0 vs 3.2
Lowest Fees
M1 Finance
0.4 vs 0 pips
Regulation
Saxo Bank
3 vs 1 licences
Min. Deposit
M1 Finance
$2000 vs $100
Saxo Bank
M1 Finance
WinnerSaxo Bank
M1 Finance
Lower feesSaxo Bank holds licences from FCA, MAS, ASIC. M1 Finance is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. Saxo Bank additionally covers Forex, Cfd, Commodities.
On spreads, M1 Finance is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.4 pips at Saxo Bank.
Saxo Bank supports Proprietary Web, Proprietary Mobile. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Saxo Bank requires a minimum deposit of $2,000, while M1 Finance sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
BrokerRank scores Saxo Bank at 4.00/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a clear advantage.
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs M1 Finance's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Saxo Bank offers spreads from 0.4 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
Saxo Bank requires a minimum deposit of $2000. M1 Finance requires $100.
Saxo Bank is regulated by FCA, MAS, ASIC, while M1 Finance holds licences from SEC.
Saxo Bank supports Proprietary Web, Proprietary Mobile. M1 Finance 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.