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Compare Forex Brokers AvaTrade And Saxo Bank


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Subjective Ratings

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AvaTrade

Saxo Bank

Charting: Four star Charting Rating Five star Charting Rating
Execution: Five star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Five star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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AvaTrade

Saxo Bank

 
Registered Business Name: AvaTrade Saxo Bank
Broker Headquarters: Tel Aviv, Israel Copenhagen, Denmark
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). London, Singapore, Tokyo
Regulated By: Central Bank of Ireland Saxo Bank is a fully regulated bank in Denmark.
In business since year: 2006 1992
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
Main liquidity providers: Unknown Top tier-1 banks

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Trading Details

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AvaTrade

Saxo Bank

 
Browser platform: AvaJava Saxo WebTrader
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) Saxo Trader
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Swap-free accounts   Yes - no extra charges and available to everyone, not just Islamic traders   No swap-free accounts available
Tradeable Instruments: 43    8   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002)
Fixed spreads: Yes No
Guaranteed stop losses? No - orders executed at best available price All orders are executed at best available price.
Trailing Stops: Server-side Server-side
OCO orders available: Yes Yes
If/then orders available: No Yes
Hedging capability: Yes Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: On MT4 and ActTrader No
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT  
Timezone GMT  
Scalping allowed: Fast trading is OK. Arbitrage is not. Yes
Account currencies available: EUR, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish English
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu English
Demo account: 21 days 20 days
Live chat support: Yes - very helpful staff Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. None

Visit AvaTrade Visit Saxo Bank


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