No broker is perfect, and Saxo Capital Markets is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Saxo Capital Markets:
- Saxo Capital Markets has a high min. deposit ($/£/€10000)
- Saxo Capital Markets does not offer MT5
- Saxo Capital Markets does not offer Penny stocks
- Saxo Capital Markets does not offer a DMA account
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best Saxo Capital Markets alternatives.
Top alternative: AvaTrade
The most popular alternative to Saxo Capital Markets is AvaTrade, a brokerage regulated by Central Bank of Ireland, ASiC, FSA and the FSB and used by 200,000+ traders. Another strong alternative is City Index, which is regulated by the Financial Conduct Authority, UK.
Here are some of the key reasons why traders choose AvaTrade and City Index over Saxo Capital Markets:
|Saxo Capital Markets||AvaTrade||City Index|
|Regulator||Financial Conduct Authority||Central Bank of Ireland, ASiC, FSA, FSB and BVI||Financial Conduct Authority, ASiC and MAS|
|Min. Trade||0.01 Lot||0.01 Lot||1 Lot|
|Platforms||Mac, Web Trader, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps||MT4, Web Trader, Tablet & Mobile apps|
If you want to read more about AvaTrade, we've put together an in-depth AvaTrade review that explores their platform, spreads, and trading conditions in more detail.Visit AvaTrade
If AvaTrade isn't quite right, we've also listed ten suitable Saxo Capital Markets alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.