Saxo Bank vs Markets.com 2026: Which Broker is Better?
Choosing between Saxo Bank and Markets.com depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while Markets.com operates from Limassol, Cyprus. Saxo Bank has the longer track record, established in 1992, compared to Markets.com which was founded in 2008. 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
Markets.com
| Saxo Bank | Markets.com | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.8/5 |
| Min. Deposit | $2000 | $100 ✓ |
| Spread from | 0.4 pips ✓ | 0.6 pips |
| Max Leverage | 1:200 | 1:300 ✓ |
| Regulation | FCA, MAS, ASIC | CySEC, ASIC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Web |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.8/5 on BrokerRank's independent rating. On fees, Saxo Bank offers lower spreads (0.4 pips).
See full side-by-side comparison belowSaxo Bank vs Markets.com: Key Differences
Saxo Bank
WinnerMarkets.com
Still deciding between Saxo Bank and Markets.com?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
Saxo Bank
Markets.com
Regulation & Trust
Saxo Bank holds licences from FCA, MAS, ASIC. Markets.com is regulated by ASIC, FCA, CySEC.
Markets & Assets
Both brokers offer access to Stocks, Forex, Cfd, Indices, Commodities markets.
Fees & Spreads
On spreads, Saxo Bank is more competitive with EUR/USD spreads from 0.4 pips, compared to 0.6 pips at Markets.com.
Trading Platforms
Saxo Bank supports Proprietary Web, Proprietary Mobile. Markets.com offers MT4, MT5, Proprietary Web. Both brokers are available on Proprietary Web.
Minimum Deposit
Saxo Bank requires a minimum deposit of $2,000, while Markets.com sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores Saxo Bank at 4.00/5 and Markets.com at 3.76/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
- Higher overall rating (4.0/5)
- Tighter spreads (from 0.4 pips)
- More established (est. 1992)
Markets.com
3.8/5
Choose Markets.com if you want…
- No per-trade commission
- Lower minimum deposit ($100)
- Higher leverage (up to 1:300)
- More market types (6)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Saxo Bank & Markets.com are available in
Frequently Asked Questions
1Is Saxo Bank better than Markets.com?
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs Markets.com's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Saxo Bank or Markets.com?
Saxo Bank offers spreads from 0.4 pips, while Markets.com starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Saxo Bank vs Markets.com?
Saxo Bank requires a minimum deposit of $2000. Markets.com requires $100.
4Which broker is safer, Saxo Bank or Markets.com?
Saxo Bank is regulated by FCA, MAS, ASIC, while Markets.com holds licences from CySEC, ASIC, FCA.
5What trading platforms do Saxo Bank and Markets.com support?
Saxo Bank supports Proprietary Web, Proprietary Mobile. Markets.com supports MT4, MT5, Proprietary Web.
6Can I use both Saxo Bank and Markets.com?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
