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Saxo Bank vs ThinkMarkets 2022

April 26, 2022
Last modified May 10, 2022

Saxo Bank is better than ThinkMarkets.

Trying to decide between Saxo Bank and ThinkMarkets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

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Overall Rating expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Overall Rating star 9.5 / 10 star 7.3 / 10 star 8.7 / 10
Account Type expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes Yes
Copy Trading expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Cryptocurrency (Physical) No No No
Crypto Trading No No No
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Saxo Bank ThinkMarkets XTB
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No No
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF Yes No No
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Android App No No No
Apple iOS App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No No No
Web Platform No No No
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Tier-1 Licenses 6 2 1
ASIC Authorised (Australia) Yes Yes No
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) Yes No No
FINMA Authorised (Switzerland) Yes No No
CFTC Registered (USA) No No No
Tier-2 Licenses 1 2 3
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Minimum Deposit $2,000 $250.00 $0
Average Spread EUR/USD - Standard 0.8 (August 2020) N/A 0.9 (Q3 2021)
All-in Cost EUR/USD - Active 0.6 (August 2020) N/A 0.9 (Q3 2021)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Watchlists - Total Fields 62 15 8
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 62 30 39
Mobile Charting - Indicators / Studies (INTL) 62 30 39
Trust Factors expand_moreexpand_less Saxo Bank ThinkMarkets XTB
Year Founded 1992 2010 2002
Publicly Traded (Listed) No No Yes
Bank Yes No No
Authorised in European Union Yes Yes Yes
Trust Score 99 84 95
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