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Saxo Bank vs Admiral Markets : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Admiral Markets
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP
Years of Existence / Established Year
1992
2001
Customer Base / Number of Accounts
1 million+ clients
Info not available
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
FCA, CySEC, JSC, FSCA, 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
FSCS, ICF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
6900+
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Admirals proprietary platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Saxo account, Joint account, Corporate account, Professional account
Trade.MT4 Trade.MT5 Invest.MT5 Zero.MT4 Zero.MT5
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$25
Leverage Available
1:50-1:100
1:2 to 1:1000
Trade Limit (maximum per trade)
Depends on the assets class
Varies by instrument
Commission (per account type)
$0
Starts from $0.02/ share
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Visa, MasterCard, bank transfer
Withdrawal Methods
Telegraphic Transfer, MEPS
Visa, MasterCard, bank transfer
Other E-Wallets Supported
No
Skrill, Neteller, Crypto
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
Forex and CFD webinars Article and video tutorials Traders glossary eBooks
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
Forex : $1.8 to $3.0 per 0.1 lot, Stock & ETFs: Starts from $ 0.02 per share, Indices : Starts from $ 0.05 to $3.0 per share, Energies: Starts from $1 per lot CFDs on stocks- 6 free trades each day, USD 0.02CFDs on ETFs- USD 0.02
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
Start $3.00 per 1.0 lots per side
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
Non-Trading Fees
Dormant Fees
$0
10 EUR per month
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Info not available
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
Plus or minus 0.25%
$0
Currency Conversion Fee
$0
0.30%
Withdrawal Fee
$0 bank fees may apply
One free withdrawal every month, thereafter 3%
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
24-5
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
E-mail: [email protected] Phone: +372 6 309 300 Live chat
Support Languages
24+
15+
Additional Information
Headquarters Location
Copenhagen, Denmark
Tallinn, Estonia
Complaints (for crypto brokers)
No
No
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