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

Broker Name

Saxo Bank

Saxo Bank

VS
ATFX

ATFX

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Broker Overview

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

STP broker

ECN

Years of Existence / Established Year

1992

2017

Customer Base / Number of Accounts

1 million+ clients

254,000 +


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Regulation & Security

Regulations (governing bodies)

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

FCA FSCA ASIC SCA , FSC, FSA CySEC FSC Seychelles FSA SFC

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

Best Global Forex Broker 2024 Best Global Forex Chairman 2024 Best Forex MT4 Broker - Asia 2024 in Global Brand Magazin Awards 2024 Most trusted forex broker in Asia 2023 in FAME awards

Security Measures

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

ATFX Client funds insurance up to USD1,000,000,

SSL Encryption / 2FA

Yes

No

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes (Not for professional clients)


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

over 71,000 financial instruments including Turbos

300+ instruments 15+ US, European & Asian stock indices, shares

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

Yes

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

Yes (only in ETFs)

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

Yes

cTrader

No

No

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Saxo investor, SaxoTrader GO, SaxoTrader PRO

ATFX Mobile Trading App

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

Micro, Classic, Premium, Raw

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$100

Leverage Available

1:50-1:100

1:400

Trade Limit (maximum per trade)

Depends on the assets class

30 lots maximum trade

Commission (per account type)

$0

Raw- 7 USD per lot

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

Beginners to experienced traders

Beginners & experienced


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Deposit & Withdrawal Options

Deposit Methods

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

Bank transfers Credit card Debit card E-Wallets

Withdrawal Methods

Telegraphic Transfer, MEPS

Bank transfers Credit card Debit card E-Wallets

Other E-Wallets Supported

No

Neteller Skrill Perfect money


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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

Tools MT4 & MT5 ATFX Copytrade Trading Central Autochartist ATFX Support & Resistance Indicator MT4 Indicators Position size calculators


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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

Spread- starts from 0.0 to 2.8 pips

Spread (typical, fixed, variable)

Variable

Variable

Per Lot Fees

NA

NA

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

1:400


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

$0

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

Yes

NA

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

Plus or minus 0.25%

$0

Currency Conversion Fee

$0

0

Withdrawal Fee

$0 bank fees may apply

5 Euro/USD charged for withdrawals below 100 EUR/USD


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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

24x5 forex trading hours Sydney - 10pm to 7am summer session. 11pm to 8am winter session. Tokyo - 11pm to 8am summer session. 12pm to 9am winter session. London - 7am to 4pm summer session. 8am to 5pm winter session. New York - 12pm to 9pm summer session. 1am to 10pm winter session.


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Customer Support

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

24/5

24x5

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: mailto:[email protected] Line:Taiwan 00801127901 Thailand 1800012752

Support Languages

24+

10+


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Additional Information

Headquarters Location

Copenhagen, Denmark

1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom

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.
Both Saxo Bank and ATFX offer affordable fee structures, but Saxo Bank generally edges out with no inactivity fees and lower commissions on standard trades, whereas ATFX shines with bundled research and platform access.
Saxo Bank gets you trading faster thanks to its minimal entry barriers. In comparison, ATFX account setup is slower but includes extra layers of financial screening and suitability assessments.
If you're trading on-the-go, Saxo Bank mobile platform is fluid and intuitive. ATFX desktop and web apps are more robust, making them suitable for in-depth trading sessions.
Advanced users will enjoy Saxo Bank capabilities, but ATFX remains a favorite for its streamlined and beginner-centric approach.