Review Market logoReviewMarket
Compare brokers
← All comparisons
Plus500
VS
Saxo Bank

Plus500 vs Saxo Bank: which broker is better in 2026?

We compare Plus500 and Saxo Bank — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Saxo Bank edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaPlus500Saxo Bank
Overall score 3.8 4.1
Regulation & safety 4.0 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score76/10085/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform, iOS/Android mobile appSaxoTraderGO (web/mobile), SaxoTraderPRO (desktop), API
Fee modelSpread model (no separate commission) — exact spreads not yet verified in detailTiered structure based on volume/account tier (Classic/Platinum/VIP) — tends toward premium, not the cheapest; exact figures not yet verified

Pros & cons

Plus500
  • Public company (LSE FTSE 250) with layered regulation (FCA UK, MAS Singapore)
  • Simple, beginner-friendly proprietary platform, no separate commission (spread model)
  • Broad instrument coverage: share/forex/commodity/index CFDs + futures & share dealing
  • Historical note: £205,128 FCA fine (2012) for inaccurate transaction reporting + a past dispute with the Belgian regulator (FSMA)
  • Own platform only — no MT4/MT5/cTrader for advanced traders
  • Leveraged CFD model is high-risk (most retail accounts lose money — standard industry warning)
Saxo Bank
  • Fully licensed bank (Danish FSA) — prudential oversight + multi-jurisdiction regulation
  • Very broad instrument coverage (forex, stocks, ETFs, options, futures, bonds) in one account
  • Professional-grade, well-regarded SaxoTraderGO/PRO platform
  • Fee structure tends toward premium (not the cheapest), better suited to medium-to-high volume
  • Minimum deposit & tiers can feel high for small-capital beginners
  • Leveraged products remain high-risk

Regulation at a glance

Plus500

Listed on the London Stock Exchange (FTSE 250). The UK entity (Plus500UK Ltd) is supervised by the FCA; the Singapore entity (Plus500SG) holds a Capital Markets Services license from MAS. Check which entity serves your country — regulation differs per entity.

Saxo Bank

A fully licensed bank supervised by the Danish FSA (Finanstilsynet), with entities regulated by the FCA (UK), FINMA (Switzerland), MAS (Singapore), ASIC (Australia), and others. Its 'bank' status adds a layer of prudential oversight.