Written by ForexBrokers.com
In this head to head comparison of Saxo vs easyMarkets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When assessing the trustworthiness of online trading platforms, Saxo and easyMarkets offer distinct profiles. Established in 1992, Saxo is not only a bank but also holds an impressive seven Tier-1 licenses, crucial indicators of high trust. With a ForexBrokers.com Trust Score of 99 out of 99, Saxo stands as a highly trusted broker, giving users confidence in its regulatory standing and years of experience. Although not publicly traded, Saxo's banking status and extensive licensing contribute to its strong reputation.
In comparison, easyMarkets, founded in 2001, is not a bank and holds two Tier-1 licenses. Despite this, it achieves a respectable ForexBrokers.com Trust Score of 84 out of 99, categorizing it as a trusted broker. Like Saxo, easyMarkets is not listed on a stock exchange, and both brokers hold a single Tier-2 license, further supporting their credibility. For traders prioritizing trust, these details highlight how Saxo's regulatory credentials and banking status distinguish it from easyMarkets, while still considering easyMarkets a reliable option.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| Year Founded | 1992 | 2001 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Saxo and easyMarkets in terms of commissions and fees, Saxo offers some of the most competitive pricing in the industry, especially for active and high-volume traders. Saxo provides a tiered account structure with its Classic, Platinum, and VIP accounts, each offering specific benefits and pricing. As of November 2023, average spreads for the EUR/USD are 1.1, 1.0, and 0.9 pips for the Classic, Platinum, and VIP accounts respectively, with minimum spreads slightly lower. Saxo is known for waiving custody fees for traders engaged in securities lending and offers commission-free forex trading with a stipulation: a $3 per side fee applies for traders under 50,000 units monthly. Rated 5 stars, Saxo ranks #9 out of 62 brokers in the Commissions and Fees category.
In contrast, easyMarkets maintains a fixed spread model, offering 0.8 pips for EUR/USD on its main platform and TradingView, while MT4 users face higher rates—1.7 pips for the Standard account and a lower 0.7 pips for the VIP account. MT5 provides variable spreads starting from 0.7 pips, adding flexibility. Though easy to understand, easyMarket's pricing does not compete as favorably with Saxo's dynamic structure, earning it a rating of 3.5 stars and placing it at #51 for commissions and fees out of 62 brokers.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| 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 | No |
| 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 comparing Saxo and easyMarkets for investment options, a few key differences stand out. Saxo offers an extensive range of 70,000 tradeable symbols, significantly outnumbering easyMarkets' 230. For those interested in forex trading, Saxo provides 190 forex pairs, while easyMarkets offers 63. Both platforms support forex trading through CFDs or spot contracts and offer cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies. Saxo also enables trading in exchange-traded securities on U.S. and international exchanges, such as Apple and Vodafone, which easyMarkets does not offer.
Additionally, both Saxo and easyMarkets provide copy trading features, appealing to investors who prefer mirroring strategies of others. In terms of ratings, Saxo shines with a 5-star rating for its range of investments, ranking third out of 62 brokers according to ForexBrokers.com. On the other hand, easyMarkets scores 3.5 stars and is ranked 54th in the same category, indicating that Saxo potentially provides a more comprehensive offering for varied investment needs.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 230 |
| Forex Pairs (Total) | 190 | 63 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 the trading platforms and tools of Saxo and easyMarkets, both brokers provide investors with strong options tailored to different needs. Saxo offers a comprehensive trading experience through its proprietary platform, which is available for both Windows-based desktops and browsers. Notably, Saxo facilitates simulated trading through a virtual demo account, which helps traders practice their skills risk-free. While Saxo does not support popular platforms like MetaTrader 4 or 5, it makes up for this with advanced features such as the ability to trade directly from stock charts and extensively customizable watch lists with up to 60 fields. With 20 drawing tools for charting, Saxo is ranked as the top platform among 62 brokers by ForexBrokers.com, earning a perfect five out of five stars in its category.
easyMarkets, on the other hand, also presents its proprietary platform and supports a Windows-based desktop download as well as a convenient web-based option, allowing for seamless accessibility. Like Saxo, easyMarkets also provides a free virtual demo account and facilitates copy trading. However, easyMarkets stands out with its support for both MetaTrader 4 and MT5, which are well-regarded in the trading community. Traders can benefit from 30 drawing tools for charting and the capability to trade directly from stock charts. Despite its range of features, easyMarkets offers fewer customizable watch list fields at eight and is rated four stars, securing the 35th position for trading platforms and tools according to ForexBrokers.com.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| 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 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and easyMarkets, both platforms support iPhone and Android devices. However, Saxo shines with features like stock and forex price alerts, which easyMarkets doesn’t offer. Both brokers provide watchlist symbol syncing, allowing smooth synchronization of changes between mobile and online accounts. For technical studies, easyMarkets is slightly ahead, offering 81 studies compared to Saxo's 64, but both apps allow drawing trendlines and viewing multiple time frames on charts. Notably, Saxo's app auto-saves chart drawings, a feature absent in easyMarkets' mobile offering.
Additionally, both apps allow users to create watchlists with real-time quotes. In terms of user ratings, Saxo’s app is a top performer, earning a full 5-star rating and securing the number 2 rank among 62 brokers according to ForexBrokers.com, while easyMarkets holds a respectable 4-star rating, ranked 29th. Saxo's app stands out in terms of usability and comprehensive features, making it a preferred choice for many traders seeking robust tools right at their fingertips.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 81 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings between Saxo and easyMarkets, both brokers provide daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. This ensures traders remain informed about the latest developments in the forex market. Saxo enhances its offering with tools from Autochartist, providing robust technical analysis, while easyMarkets complements its arsenal with Trading Central tools, keeping traders equipped with alternative analysis perspectives. Both Saxo and easyMarkets provide sentiment-based trading tools, giving insights into trading positions across various instruments. However, neither broker offers market research from TipRanks or tools from Acuity Trading, limiting some advanced research possibilities.
Saxo excels with a comprehensive economic calendar and holds a top-tier research rating of five stars, securing the number one spot in ForexBrokers.com's research category ranking out of 62 brokers. In contrast, easyMarkets also offers an economic calendar but holds a slightly lower research rating of 3.5 stars, placing it at 43rd in the same ranking. This indicates that while easyMarkets provides respectable research tools, Saxo stands out for those seeking industry-leading market insights.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Saxo and easyMarkets, both online brokers provide comprehensive materials to help newcomers understand forex and CFDs trading. Each offers more than ten educational pieces, such as articles, videos, and webinars, that focus on forex or CFDs. Saxo and easyMarkets also host monthly online educational webinars, catering to beginner and experienced traders alike, with accessible archives of past sessions for convenient learning at any time.
In addition to webinars, both brokers ensure a strong foundation for beginners by offering at least ten videos specifically designed to introduce trading concepts. For those looking to advance their skills, each platform provides over ten advanced educational videos. They also include an investor dictionary with over 50 terms to aid understanding. However, in terms of educational quality and user satisfaction, Saxo stands out, boasting a 5-star rating and a rank of 13th out of 62 brokers on ForexBrokers.com, while easyMarkets earns a 3.5-star rating and ranks at 39th.
| Feature |
Saxo
|
easyMarkets
|
|---|---|---|
| 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 easyMarkets. Saxo finished with an overall rank of #3, while easyMarkets finished with an overall rank of #42.
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
|
easyMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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Both Saxo and easyMarkets do not offer the ability to purchase actual (delivered) cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.
When comparing funding options between online brokers, Saxo and easyMarkets, it's notable that easyMarkets supports ACH/SEPA transfers and Skrill in addition to offering Visa, Mastercard, and bank wires, while Saxo provides Visa, Mastercard, and bank wire options but lacks ACH/SEPA and Skrill support, with neither broker offering PayPal as a funding option.
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 | easyMarkets | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Saxo Review | easyMarkets Review |
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| Regulation | Saxo | easyMarkets | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| 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 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | easyMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| 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 | No | |
| 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 | easyMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | Saxo | easyMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 230 | |
| Forex Pairs (Total) | 190 | 63 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | easyMarkets | |
|---|---|---|---|
| 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 | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | easyMarkets | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | easyMarkets | |
|---|---|---|---|
| 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 | easyMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 8 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | easyMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 81 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | easyMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | easyMarkets | |
|---|---|---|---|
| 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 | easyMarkets | |
|---|---|---|---|
| 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 | easyMarkets Review |
| Overall | Saxo | easyMarkets | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Saxo Review | easyMarkets Review |
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