Saxo Bank vs Tickmill: which broker is better in 2026?
We compare Saxo Bank and Tickmill — 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 BankTickmill
Overall score 4.1 3.8
Regulation & safety 4.5 3.5
Fees & deposit 3.5 4.5
Platform & assets 4.5 3.5
User support 4.0 3.5
Trust score85/10074/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsSaxoTraderGO (web/mobile), SaxoTraderPRO (desktop), APIMetaTrader 4, MetaTrader 5
Fee modelTiered structure based on volume/account tier (Classic/Platinum/VIP) — tends toward premium, not the cheapest; exact figures not yet verifiedPro/Raw account with a small commission — among the cheapest
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
- Very low costs (Pro/Raw account) — a scalper favorite
- FCA/CySEC license + multi-region entities
- Fast execution
- Narrower product selection (core forex/CFD focus)
- Many retail clients via Seychelles/Labuan entities (not the FCA)
- 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.
Tickmill
Regulated by the FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), DFSA (Dubai), Labuan FSA. Low-cost focus.