Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Saxo Capital Markets
8.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT SAXO CAPITAL MARKETS
Tradeo
9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT TRADEO
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
About

Saxo Capital Markets is regulated by the Financial Conduct Authority. Saxo Capital Markets have provided Forex, CFD, Binary options, Indices, CFDs, ETF & ETCs, Bonds and Stocks trading services since 2012.

Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 7 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters London, UK Limassol, Cyprus Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No Yes
Social Trading No Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 180 41 59
Commodities Offered 70 70 16
Stocks Offered 19000 0 99
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs Yes No Yes
IPO No No Yes
See all instruments

69% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No No Yes
MT4 Mac Yes No Yes
WebTrader Yes No Yes
Mirror Trader No No Yes
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms SaxoTrader Tradeo AvaTradeAct, AVAOptions

APPS

iOS image Yes Yes Yes
Android image Yes No Yes
Windows image Yes No No
Available Languages

Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish

English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

69% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

80% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Saxo Capital Markets and Tradeo

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes No No
Islamic account No No Yes
Zero spread account No No No
VIP account No No Yes
Fixed spreads No Yes Yes
Variable spreads Yes No Yes
See account options

69% of retail investor accounts lose money when trading CFDs with this provider.

See account options

80% of retail investor accounts lose money when trading CFDs with this provider

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No No
Direct market access No No Yes
STP broker Yes Yes No
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade None None None
Min deposit 6,500 $250 $100

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes Yes
Skrill No No Yes
Payment processing time Varies Varies Varies
Withdrawal processing time Varies Varies Varies
See all funding options

69% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

80% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, MA, DZ, TN, IR US, MA, DZ, TN, IR BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number No 44-203-695-8555 (44) (0) 8005200423
Live Chat No No Yes
Website http://uk.saxomarkets.com/ https://tradeo.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 0.2 pips + $2.00 2.7 pips 0.9 pips
GBP/USD (Average: 1.1 pips) 0.2 pips + $2.00 4.0 pips 1.6 pips
USD/JPY (Average: 1.1 pips) 0.2 pips + $2.00 3.5 pips 1.1 pips
AUD/USD (Average: 0.8 pips) 0.4 pips + $2.00 3.1 pips 1.1 pips
USD/CHF (Average: 2.3 pips) 0.8 pips + $2.00 3.7 pips 1.6 pips
USD/CAD (Average: 2.9 pips) 0.8 pips + $2.00 4.1 pips 2.0 pips
NZD/USD (Average: 3.6 pips) 0.8 pips + $2.00 4.5 pips 1.8 pips
EUR/GBP (Average: 2.4 pips) 0.6 pips + $2.00 3.7 pips 1.5 pips
View all spreads

69% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

80% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No Yes No
Commission Yes No No
Deposit Fee No Varies No
Withdrawal Fee No Yes No
View All Fees

69% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

80% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://uk.saxomarkets.com/. Last updated on 01/12/2019.

All information collected from https://tradeo.com/. Last updated on 01/12/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/12/2019.

Company

Saxo Capital Markets provides both retail and institutional traders access to FX, CFDs, ETFs, Stocks, Futures and Options markets using their award winning SaxoTrader platform providing traders the speed and performance you need. They are a trusted broker regulated by the Financial Conduct Authority in the UK. Saxo Capital Markets has access to over 30, 000 assets including over 19, 000 stocks and 9000 CFDs. With over 20 years in electronic trading, Saxo Capital Markets is a broker you can trust.

For more information about trading with Saxo Capital Markets, we have put together an indepth Saxo Capital Markets review with some of the pros and cons about this broker.

Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few.

As a STP Broker, Tradeo does not make their profits based up client losses, they are paid based upon the volume based commissions so their success is tied with their traders success. With no conflict of interest between Tradeo and their traders you can be rest assured that Tradeo values providing the best trading conditions possible through competitive pricing and fast, transparent execution.

The social side of Tradeo allows you to view other traders activities and share your own and receive feedback from the community. Tradeo also allows traders to automatically copy the trading strategies of the leading traders and benefit from the expertise of the top traders.

If you value bank level security, CySec Regulation, transparent pricing and 24 hour support, Tradeo is the broker for you.

For more information about trading with Tradeo, we have put together an indepth Tradeo review with all the pros and cons about this broker.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

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Popular comparisons feat. Tradeo

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Popular comparisons feat. AvaTrade

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Saxo Capital Markets or Tradeo?

ECN execution or access to MT4?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), Saxo Capital Markets is likely the better choice. However, if you want a broker that offers MetaTrader4 as a trading platform, Tradeo may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Saxo Capital Markets to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Saxo Capital Markets is regulated by Financial Conduct Authority, while Tradeo is regulated by CySEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Saxo Capital Markets will have very strict guidelines to follow to ensure they protect their retail trader clients.

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Saxo Capital Markets has been around for 7 years, while Tradeo have been around for 8 years. Our third alternative broker, AvaTrade, have been around for 13 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Saxo Capital Markets and Tradeo use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Saxo Capital Markets or Tradeo in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Saxo Capital Markets is a publicly listed company, while on the other hand Tradeo is still a privately owned company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Saxo Capital Markets are based in London, UK, while Tradeo are based in Limassol, Cyprus .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Saxo Capital Markets and Tradeo offer forex trading. Saxo Capital Markets have a slightly larger variety of currency pairs with 180 pairs, compared to 41 offered by Tradeo. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Saxo Capital Markets and Tradeo allow you to trade commodities like gold, silver and crude oil.

Tradeo also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Saxo Capital Markets does allow scalping but doesn't allow hedging. While Tradeo also allows scalping and hedging. You can trade with EAs (expert advisors) on both Saxo Capital Markets and Tradeo.

In terms of risk management tools, neither Saxo Capital Markets or Tradeo offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Saxo Capital Markets also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Saxo Capital Markets accept Payoneer while Tradeo accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Saxo Capital Markets charges 0.10 points, while Tradeo charges points. Therefore, Tradeo is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Saxo Capital Markets or Tradeo?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Saxo Capital Markets is more reliable based on our criteria above. Saxo Capital Markets has a wider range of instruments to trade. Saxo Capital Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.