Saxo Bank vs Monex 2026: Which Broker is Better?
Choosing between Saxo Bank and Monex depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while Monex operates from Tokyo, Japan. Saxo Bank has the longer track record, established in 1992, compared to Monex which was founded in 1999. 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
Monex
| Saxo Bank | Monex | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.5/5 |
| Min. Deposit | $2000 | $0 ✓ |
| Spread from | 0.4 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:3 |
| Regulation | FCA, MAS, ASIC ✓ | FSA, SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile, TradeStation JP |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.5/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowSaxo Bank vs Monex: Key Differences
Saxo Bank
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Fees Comparison
Saxo Bank
Monex
Regulation & Trust
Saxo Bank holds licences from FCA, MAS, ASIC. Monex is regulated by SEC, FSA.
Markets & Assets
Both brokers offer access to Stocks, Forex markets. Saxo Bank additionally covers Cfd, Indices, Commodities. Monex adds Etf, Crypto.
Fees & Spreads
On spreads, Monex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.4 pips at Saxo Bank.
Trading Platforms
Saxo Bank supports Proprietary Web, Proprietary Mobile. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Saxo Bank requires a minimum deposit of $2,000, while Monex sets no minimum deposit. This makes Monex accessible to traders with any budget.
Overall Ratings
BrokerRank scores Saxo Bank at 4.00/5 and Monex at 3.42/5, 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)
- Higher leverage (up to 1:200)
- More regulatory licences (3)
- More market types (5)
Monex
3.5/5
Choose Monex if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
- More platforms (3 supported)
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 & Monex are available in
Frequently Asked Questions
1Is Saxo Bank better than Monex?
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs Monex's 3.5/5. 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 Monex?
Saxo Bank offers spreads from 0.4 pips, while Monex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Saxo Bank vs Monex?
Saxo Bank requires a minimum deposit of $2000. Monex requires $0.
4Which broker is safer, Saxo Bank or Monex?
Saxo Bank is regulated by FCA, MAS, ASIC, while Monex holds licences from FSA, SEC.
5What trading platforms do Saxo Bank and Monex support?
Saxo Bank supports Proprietary Web, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
6Can I use both Saxo Bank and Monex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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