Saxo Bank vs Plus500 2026: Which Broker is Better?
Choosing between Saxo Bank and Plus500 depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while Plus500 operates from Haifa, Israel. Saxo Bank has the longer track record, established in 1992, compared to Plus500 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
Plus500
80% of retail CFD accounts lose money.
Plus500 offers CFDs only — CFDs on forex, indices, stocks, commodities & crypto. You trade on price movements and do not own the underlying assets. Maximum leverage up to 1:30 for retail clients; additional fees may apply.
| Saxo Bank | Plus500 | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 4.0/5 |
| Min. Deposit | $2000 | $100 ✓ |
| Spread from | 0.4 pips ✓ | 0.6 pips |
| Max Leverage | 1:200 ✓ | 1:30 |
| Regulation | FCA, MAS, ASIC | FCA, CySEC, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Saxo Bank (4.0/5) and Plus500 (4.0/5) are closely matched. Saxo Bank has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowSaxo Bank vs Plus500: Key Differences
Saxo Bank
Plus500
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Fees Comparison
Saxo Bank
Plus500
Regulation & Trust
Saxo Bank holds licences from FCA, MAS, ASIC. Plus500 is regulated by FCA, ASIC, MAS.
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 Plus500.
Trading Platforms
Saxo Bank supports Proprietary Web, Proprietary Mobile. Plus500 offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Saxo Bank requires a minimum deposit of $2,000, while Plus500 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 Plus500 at 3.98/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a marginal advantage.
BrokerRank Verdict
Who Should Choose Which?
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
- Tighter spreads (from 0.4 pips)
- Higher leverage (up to 1:200)
- More established (est. 1992)
Plus500
4.0/5
Choose Plus500 if you want…
- No per-trade commission
- Lower minimum deposit ($100)
- More regulatory licences (4)
- 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 & Plus500 are available in
Frequently Asked Questions
1Is Saxo Bank better than Plus500?
Saxo Bank (4.0/5) and Plus500 (4.0/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, Saxo Bank or Plus500?
Saxo Bank offers spreads from 0.4 pips, while Plus500 starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Saxo Bank vs Plus500?
Saxo Bank requires a minimum deposit of $2000. Plus500 requires $100.
4Which broker is safer, Saxo Bank or Plus500?
Saxo Bank is regulated by FCA, MAS, ASIC, while Plus500 holds licences from FCA, CySEC, ASIC, MAS.
5What trading platforms do Saxo Bank and Plus500 support?
Saxo Bank supports Proprietary Web, Proprietary Mobile. Plus500 supports Proprietary Web, Proprietary Mobile.
6Can I use both Saxo Bank and Plus500?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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