Saxo Bank vs Skilling: which broker is better in 2026?
We compare Saxo Bank and Skilling — 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
CriteriaSaxo BankSkilling
Overall score 4.1 3.6
Regulation & safety 4.5 3.5
Fees & deposit 3.5 3.5
Platform & assets 4.5 4.0
User support 4.0 3.5
Trust score85/10072/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsSaxoTraderGO (web/mobile), SaxoTraderPRO (desktop), APISkilling Trader, cTrader, MetaTrader 4
Fee modelTiered structure based on volume/account tier (Classic/Platinum/VIP) — tends toward premium, not the cheapest; exact figures not yet verifiedStandard/Premium; competitive
Pros & cons
- 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
- A clean in-house platform + cTrader/MT4; CySEC regulation
- Beginner-friendly with a modern UX
- Competitive spreads (Premium account)
- A relatively new & small broker
- Seychelles entity for non-EU clients
- Leverage is high-risk
Regulation at a glance
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.
Skilling
Scandinavian (2016) — regulated by CySEC (Cyprus), FSA (Seychelles). Own platform + cTrader + MT4.