Saxo Bank
mBank
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
Choosing between Saxo Bank and mBank depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while mBank operates from Warsaw, Poland. Saxo Bank has the longer track record, established in 1992, compared to mBank which was founded in 2000. 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
mBank
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.3/5 on BrokerRank's independent rating. On fees, mBank offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Saxo Bank
4.0 vs 3.3
Lowest Fees
mBank
0.4 vs 0 pips
Regulation
Saxo Bank
3 vs 1 licences
Min. Deposit
mBank
$2000 vs $0
Saxo Bank
WinnermBank
Saxo Bank
mBank
Saxo Bank holds licences from FCA, MAS, ASIC. mBank is regulated by KNF.
Both brokers offer access to Stocks, Forex, Cfd, Indices markets. Saxo Bank additionally covers Commodities. mBank adds Etf.
On spreads, mBank 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. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
Saxo Bank requires a minimum deposit of $2,000, while mBank sets no minimum deposit. This makes mBank accessible to traders with any budget.
BrokerRank scores Saxo Bank at 4.00/5 and mBank at 3.27/5, 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 mBank's 3.3/5. 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 mBank starts at 0 pips. Check the fees section above for a full breakdown.
Saxo Bank requires a minimum deposit of $2000. mBank requires $0.
Saxo Bank is regulated by FCA, MAS, ASIC, while mBank holds licences from KNF.
Saxo Bank supports Proprietary Web, Proprietary Mobile. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
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.