Written by ForexBrokers.com
In this head to head comparison of Saxo vs Admirals, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing Saxo and Admirals, several factors can inform potential users about the trustworthiness and history of these online brokers. Saxo, established in 1992, holds a strong position with a Trust Score rating of 99, making it highly trusted according to ForexBrokers.com. As a bank, Saxo boasts 7 Tier-1 licenses and 1 Tier-2 license, indicators of its secure and reliable standing in the financial industry. While not publicly traded, Saxo's long history and regulatory accolades underscore its credibility.
Admirals, founded in 2001, also scores well with a ForexBrokers.com Trust Score of 93. Though not a bank, Admirals maintains 4 Tier-1 and 3 Tier-2 licenses, reflecting its commitment to trust and transparency. Like Saxo, Admirals is not listed on any stock exchanges, yet its regulatory compliance illustrates its dedication to safeguarding client interests. Overall, both brokers hold substantial trust ratings, offering secure platforms for trading, each with its unique strengths in regulatory compliance.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Year Founded | 1992 | 2001 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 4 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Saxo and Admirals, both offer competitive commissions and fees, but they cater to different trading profiles. Saxo is particularly appealing for active and high-volume traders who can maintain large account balances. With average spreads on EUR/USD ranging from 0.9 to 1.1 pips across its Classic, Platinum, and VIP accounts, Saxo's Platinum and VIP prices align with the industry average, while the Classic account is slightly above. Saxo also provides a commission-free structure for forex trading, except for accounts transacting fewer than 50,000 units monthly. Notably, Saxo waives custody fees for share traders participating in securities lending.
Saxo offers three distinct account tiers catering to various investor requirements. The Classic account requires no minimum deposit, making it accessible for new traders, whereas the Platinum account demands a $200,000 deposit, with an option for upgrading through loyalty points. The VIP account mandates a $1,000,000 deposit or a high trading volume for direct access to exclusive benefits. Saxo's tiered account structure reflects its prestigious ranking, earning it a 5-star rating for commissions and fees and placing it at #9 out of 62 brokers on ForexBrokers.com.
In contrast, Admirals presents a simpler pricing model, with typical spreads starting at 0.8 pips for its Trade and Zero account types. Admirals earns a 4.5-star rating for its competitive pricing and ranks #17 among 62 brokers in the Commissions and Fees category. This makes Admirals a potentially more straightforward choice for traders seeking competitive pricing without the tiered complexity of Saxo’s offerings.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 0.8 |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the array of investment opportunities at Saxo and Admirals, Saxo clearly stands out with a staggering 70,000 tradeable symbols, in contrast to Admirals' offering of 8,702. Both platforms provide the ability to trade forex, either as CFDs or spot contracts. However, Saxo gives investors access to 190 forex pairs, while Admirals offers 82. Both brokers allow clients to invest in exchange-traded securities on U.S. and international exchanges, ensuring that you can easily purchase globally recognized stocks such as Apple and Vodafone.
For those interested in cryptocurrency derivatives, both Saxo and Admirals provide the opportunity, though neither offers the purchase of actual cryptocurrencies. Additionally, both brokers support copy trading, appealing to investors who prefer following seasoned traders. Based on ratings, Saxo receives an impressive 5 stars compared to Admirals' 4.5 stars, and Saxo is ranked at #3 in the Range of Investments category by ForexBrokers.com, while Admirals is positioned at #19, making Saxo the preferred choice for those seeking diverse investment options.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 8702 |
| Forex Pairs (Total) | 190 | 82 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Saxo and Admirals for their trading platforms and tools, both brokers present comprehensive options that cater to a wide array of trading needs. Saxo offers a state-of-the-art proprietary platform, providing traders with a Windows-based desktop download and a browser-based platform, along with simulated trading capabilities through a demo account. Admirals matches Saxo in terms of a proprietary platform, providing similar desktop and web-based options, also supporting demo trading to polish strategies without risk. Notably, while both brokers allow trading directly from stock charts, Admirals additionally supports MetaTrader 4 and 5, a popular choice for many traders, whereas Saxo does not.
In terms of charting tools, Saxo offers 20 drawing tools, compared to Admirals’ more extensive 106. Saxo impresses with the ability to create detailed watch lists using up to 60 columns compared to Admirals' seven. Despite both brokers enabling copy trading, neither supports DupliTrade or ZuluTrade. Rated five stars for its platforms and tools, Saxo stands out in the industry, holding the top spot in ForexBrokers.com's ranking. Admirals, though commendable with a four-star rating, ranks 19th among 62 brokers in this category, reflecting its strengths albeit behind Saxo's leading position.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 106 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Saxo and Admirals provide iPhone and Android apps that meet the needs of traders on the go. Each platform allows users to set stock or forex price alerts and draw trendlines on charts while offering multiple time frame views for greater flexibility. Both apps also support the creation of watchlists with real-time quotes and automatically save chart drawings, simplifying analysis for traders at any level. However, Saxo takes things a step further with watchlist symbol syncing, ensuring seamless transitions between its mobile app and online account, which Admirals does not offer.
In terms of charting features, Saxo provides 64 technical studies compared to Admirals' 30, giving traders a richer toolkit for their analysis. These benefits have not gone unnoticed, as Saxo's mobile trading app garners a 5-star rating, positioning it #2 out of 62 brokers evaluated by ForexBrokers.com. Admirals, on the other hand, earns a respectable 4-star rating but ranks #23 in the same category. These distinctions highlight Saxo's edge in delivering a more comprehensive and integrated mobile trading experience.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Saxo and Admirals for market research, both brokers excel in offering daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Saxo shines with its inclusion of Autochartist tools, known for facilitating technical and fundamental analysis. On the other hand, Admirals differentiates itself by featuring Trading Central's technical analytics, making it a valuable ally for those relying on these specific services. Both platforms offer sentiment-based trading tools to help gauge market trends and have comprehensive economic calendars to keep clients informed about significant global events.
Additional features unique to Admirals include market research from TipRanks and tools from Acuity Trading, further broadening its resource offerings. Despite these additions, Saxo leads in market research accolades, boasting a perfect 5-star rating and securing the top ranking for research among 62 brokers on ForexBrokers.com. Admirals, while commendable with a 4-star rating, ranks 15th in the same category, suggesting Saxo may be the preferred choice for those prioritizing extensive research capabilities.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | Yes |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners diving into the world of trading, both Saxo and Admirals provide comprehensive educational resources designed to ease the learning process. Each broker offers a minimum of ten educational pieces focused on forex and CFDs, available as articles, videos, and archived webinars. Those keen on attending live sessions can access monthly webinars from both Saxo and Admirals, coupled with searchable archives of past webinars for convenient, on-demand learning.
Both brokers excel in catering to various levels of trading expertise, including over ten videos specifically aimed at beginners. As traders advance, they can also benefit from advanced video content. For those looking to expand their trading vocabulary, Saxo and Admirals both offer a dictionary with definitions for at least fifty investing terms. While Saxo enjoys a perfect five-star education rating, Admirals follows closely with four stars. In the ForexBrokers.com rankings, Admirals slightly edges out Saxo, securing the 12th spot compared to Saxo's 13th among 62 brokers in the education category.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Saxo is better than Admirals. Saxo finished with an overall rank of #3, while Admirals finished with an overall rank of #18.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Admirals
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Both Saxo and Admirals provide the option to invest in cryptocurrency derivatives, though neither offers the purchase of actual, delivered cryptocurrency.
When comparing online brokers, Admirals surpasses Saxo with more diverse deposit and withdrawal options, including ACH and SEPA transfers, PayPal, and Skrill, while both offer Visa or Mastercard and bank wire transactions.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | Admirals | |
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| Trust Score | 99 | 93 | |
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| Review | Saxo Review | Admirals Review |
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| Regulation | Saxo | Admirals | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1992 | 2001 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 4 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Admirals | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Admirals | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | Saxo | Admirals | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 8702 | |
| Forex Pairs (Total) | 190 | 82 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | Admirals | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.8 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Admirals | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | Admirals | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Admirals | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Admirals | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Admirals | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | Yes | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Admirals | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Admirals | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review | Admirals Review |
| Overall | Saxo | Admirals | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Saxo Review | Admirals Review |
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