TradingCritique

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Saxo Bank vs Axi : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Saxo Bank

Saxo Bank

VS
Axi

Axi

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

STP

Years of Existence / Established Year

1992

2007

Customer Base / Number of Accounts

1 million+ clients

60,000+ traders


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Regulation & Security

Regulations (governing bodies)

FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID

ASIC DFSA FSA

Awards Won (count for the last 2 years)

Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023

No major awards listed

Security Measures

Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor

None

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

over 71,000 financial instruments including Turbos

220 + CFDs IPOs

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

No

Stocks

Yes

Yes

Options

Yes

No

Futures

Yes

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Saxo investor, SaxoTrader GO, SaxoTrader PRO

Axi Trading Platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Saxo account, Joint account, Corporate account, Professional account

Standard Account Pro Account Elite Account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$0

Leverage Available

1:50-1:100

200:1- 500:1

Trade Limit (maximum per trade)

Depends on the assets class

100 orders per day maximum

Commission (per account type)

$0

Standard account - $0 Pro account - $7 round trip Elite account - $3.5 round trip

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card

International bank transfers Debit & credit cards (Mastercard, visa) Internet / local banking Paypal (in specific regions)

Withdrawal Methods

Telegraphic Transfer, MEPS

Bank transfer Local banking E wallet Crypto payments Credit / Debit cards

Other E-Wallets Supported

No

Skrill Neteller Paypal


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis

Autochartist Trading Central MT4 Forex VPS Hosting Trading news & guides Trading calculators Trade on Economic Calendar guides


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Fees & Commissions

Trading-Related Fees

Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips

Commission- 0% on share CFD trades

Spread (typical, fixed, variable)

Variable

Variable

Per Lot Fees

NA

$3.5 per lot

Options Contract Fees

$0.75

NA

Futures Contract Fees

$1

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

1:1000

1:1000


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Non-Trading Fees

Dormant Fees

$0

Inactivity fees varies for no activity more than 12 months

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

$0

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

NA

$0

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

Plus or minus 0.25%

Bank transfers - No fees Card payments - 3.0% (for more than $50,000) Other methods - 3.0% (for more than $50,000)

Currency Conversion Fee

$0

NA

Withdrawal Fee

$0 bank fees may apply

Free above $50. Or administration fee of $25 apply.


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Trading forex & CFDs follows MT4 server time (GMT+2) Monday 00:01 to Friday 23:59


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24 hours (Tuesday to Friday) On Mondays, service commence at 9am AEST

Customer Support Methods (phone, email, live chat)

Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat

Help Center Live chat Email: mailto:[email protected] Toll-free: UK - 0800 018 3306 Australia - 1300 888 936 Germany - 0800 7244085

Support Languages

24+

13+


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Additional Information

Headquarters Location

Copenhagen, Denmark

Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
If minimizing trading costs is your top priority, Saxo Bank might be more attractive due to its lower commissions. Meanwhile, Axi justifies its moderate fees with more robust tools and professional-grade features.
Creating an account with Saxo Bank is generally faster and more user-friendly, often taking just a few minutes, while Axi requires more detailed steps and identity verification, which may suit more cautious investors.
Saxo Bank integrates well with algorithmic trading tools and third-party plugins. In contrast, Axi emphasizes educational content and built-in research features within its platform.
Those seeking technical depth may prefer Saxo Bank, while Axi shines with intuitive design and streamlined features.