Written by ForexBrokers.com
In this head to head comparison of Saxo vs Forex4you, 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.
Founded in 1992, Saxo is a well-established online broker holding the status of a bank and securing a sterling Trust Score of 99 out of 99 from ForexBrokers.com. This rating places Saxo in the highly trusted category. Saxo is duly recognized and reinforced by an impressive seven Tier-1 licenses and an additional Tier-2 license, confirming its credibility and commitment to client safety and regulatory compliance. However, despite its strong credentials, Saxo is not listed on a stock exchange.
In contrast, Forex4you, established in 2007, operates as a non-bank online broker. It currently holds a relatively modest Trust Score of 61 from ForexBrokers.com, categorizing it as high risk. While Forex4you is not publicly traded, it also lacks any Tier-1 or Tier-2 licenses, which evaluation platforms often consider crucial for ensuring trust and reliability. Thus, while both Saxo and Forex4you are not publicly listed, there are clear distinctions in their regulatory standings and perceived trustworthiness.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| Year Founded | 1992 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo is highly regarded for its competitive pricing structure, particularly beneficial for active traders, high-volume traders, and those with significant account balances. As of November 2023, Saxo offers average spreads on the EUR/USD pair of 1.1, 1.0, and 0.9 pips for its Classic, Platinum, and VIP accounts, respectively. Notably, the minimum spread for these accounts is about 0.2 pips lower on average during this time. Saxo waived custody fees for share trading for those who opt into securities lending. Saxo conducts its forex trading commission-free, earning from the spread, though a fee of $3 per side applies for less active traders dealing below 50,000 units monthly. Saxo has achieved a perfect rating of 5 stars for commissions and fees, ranking 9th out of 62 brokers.
Forex4you, in contrast, does not disclose average spread data, and consequently, a detailed comparison of spreads and fees with Saxo is challenging. However, it is rated 3.5 stars for its overall commissions and fees, placing it 53rd out of 62 brokers, indicating that it generally offers less competitive pricing in comparison to Saxo. This might affect traders who are sensitive to costs linked with spreads and commissions.
In summary, while Saxo stands out with lower trading costs and high customer satisfaction in terms of fees, Forex4you lags behind in detailed fee transparency and competitive pricing. Investors who prioritize cost-effectiveness and comprehensive pricing information might find Saxo to be a more appealing choice, especially given its higher ranking and star rating in the commissions and fees category.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| 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 evaluating the range of investment opportunities between Saxo and Forex4you, Saxo emerges as a more comprehensive choice. With a staggering 70,000 tradeable symbols, Saxo offers a broad array of options compared to Forex4you's limited selection of 150 symbols. In forex trading, Saxo provides access to 190 tradeable forex pairs, significantly surpassing Forex4you's 43 pairs. Furthermore, Saxo's platform enables clients to invest in exchange-traded securities on both U.S. and international exchanges, something that Forex4you does not offer.
Both Saxo and Forex4you offer forex trading as CFDs or spot contracts and provide copy trading capabilities, enhancing the user experience for diverse trading styles. In the realm of cryptocurrency, neither platform allows for the purchase of actual delivered cryptocurrencies, but both offer cryptocurrency derivatives. Saxo's broad investment offerings have earned it a 5-star rating for range of investments and a #3 ranking by ForexBrokers.com, whereas Forex4you holds a 3.5-star rating and ranks #58, reflecting its more limited investment options.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 150 |
| Forex Pairs (Total) | 190 | 43 |
| 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 Saxo and Forex4you, both brokers offer a range of trading platforms and tools designed to cater to various trading styles. Saxo shines with its highly-rated proprietary platform, which supports Windows desktop and web-based trading. While it does not offer MetaTrader 4 (MT4) or MetaTrader 5 (MT5), Saxo excels in charting options with 20 drawing tools and 60 watch list columns. Forex4you, on the other hand, provides a more universally recognized choice by supporting both MT4 and MT5, alongside its proprietary platform. Though the number of drawing tools is slightly less at 15 and watch list columns at 7, Forex4you still offers practical options for a diverse trading experience.
Simulated trading with demo accounts is available at both Saxo and Forex4you, allowing users to practice their strategies without risk. They both offer copy trading features, yet neither supports DupliTrade or ZuluTrade. In terms of performance, Saxo holds an impressive 5-star rating and is ranked first among brokers for trading platforms and tools by ForexBrokers.com. Forex4you, with a respectable 4-star rating, is ranked 52nd, suggesting a solid but less standout offering. Overall, Saxo seems to provide a more sophisticated platform experience with greater charting and customization options, while Forex4you appeals to users who prefer the familiarity of MetaTrader platforms.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| 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 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and Forex4you, both platforms are available for iPhone and Android, offering essential features like stock or forex price alerts, the ability to draw trendlines, and viewing multiple time frames on charts. However, Saxo takes the lead with advanced functionality, allowing users to sync watchlists between the mobile app and their online account. This feature ensures that any changes made are automatically reflected across devices, which Forex4you currently lacks.
Moreover, Saxo stands out with the availability of 64 technical studies for chart analysis, in contrast to Forex4you's 30. Both apps support real-time watchlists and save chart drawings, but Saxo's app receives a higher rating of 5 stars compared to Forex4you's 4 stars. These differences are reflected in their rankings, with Saxo placed at an impressive #2 among 62 brokers for mobile trading apps on ForexBrokers.com, whereas Forex4you holds the #50 spot. Saxo's app provides a more comprehensive and user-friendly experience for traders on the go.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| 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 the online brokers Saxo and Forex4you in terms of market research offerings, both provide daily market commentary and forex news from prestigious sources like Bloomberg and Reuters. Additionally, both platforms integrate tools from Autochartist, enhancing the trader’s ability to execute technical and fundamental analysis. However, Saxo stands out with its sentiment-based trading tool, which shows the ratio of long and short positions across various currency pairs, providing traders with valuable insights into market dynamics. Meanwhile, Forex4you distinguishes itself by offering Trading Central tools, which Saxo does not provide.
Both Saxo and Forex4you feature an economic calendar to track global news events, yet the distinction in their overall research capabilities is reflected in their ratings. Saxo receives an impressive 5-star research rating and is ranked #1 out of 62 brokers by ForexBrokers.com. In contrast, Forex4you earns a 3.5-star rating and is positioned at #47, indicating a more basic set of research tools compared to Saxo's comprehensive offerings. Overall, Saxo offers a more extensive research environment, making it a top choice for data-driven traders.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 online brokers Saxo and Forex4you, there are several key differences. Saxo provides a comprehensive offering for those new to forex and CFD trading. With at least 10 educational resources including articles, videos, and archived webinars, Saxo ensures that new traders have a wealth of information to start learning. Additionally, Saxo hosts regular monthly webinars and maintains a searchable archive of past sessions, allowing for ongoing education and review. Beginners also benefit from an array of at least 10 beginner-focused videos and an investor dictionary with definitions for over 50 investing terms, making complex topics clearer and more accessible. Rated at 5 stars for education, Saxo ranks impressively at #13 out of 62 brokers on ForexBrokers.com.
In contrast, Forex4you offers a more modest educational package. While it also provides at least 10 pieces of educational content and maintains a searchable archive of previously recorded webinars, the variety is more limited. Forex4you does not offer regular webinars or beginner-focused video content in the same capacity as Saxo. Furthermore, it lacks an extensive investor dictionary, which could be a useful tool for novices. Forex4you's educational resources earn it a rating of 3.5 stars, placing it at #25 in the Education category according to ForexBrokers.com. For new traders, Saxo’s resources may offer a more thorough educational foundation compared to Forex4you.
| Feature |
Saxo
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 Forex4you. Saxo finished with an overall rank of #3, while Forex4you finished with an overall rank of #55.
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
|
Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 61 |
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Both Saxo and Forex4you do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
Both Saxo and Forex4you offer Visa, Mastercard, and bank wire options for depositing or withdrawing funds, while only Forex4you supports Skrill, and neither supports ACH, SEPA transfers, or PayPal.
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 | Forex4you | |
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| Trust Score | 99 | 61 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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| Regulation | Saxo | Forex4you | |
|---|---|---|---|
| Trust Score | 99 | 61 | |
| Year Founded | 1992 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No |
| Tier-2 Licenses (Trusted) | Saxo | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 150 | |
| Forex Pairs (Total) | 190 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | No |
| Trading Platforms | Saxo | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | Saxo Review |
| Overall | Saxo | Forex4you | |
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| Trust Score | 99 | 61 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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