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Axi vs Saxo Bank
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | Axi | Saxo Bank |
|---|---|---|
| BrokaBoy score | 9.1/10 | 9.1/10 |
| Trustpilot rating | Trustpilot 4.1 (7,586 reviews) | Trustpilot 3.6 (8,756 reviews) |
| Listed minimum deposit | $100 | $0 |
| Advertised spread from | 0.0 pips | 0.4 pips |
| Advertised maximum leverage | 1:1000 (entity dependent) | Up to 1:30 (retail, EU/UK) |
| Regulators | ASIC, FCA, DFSA | ASIC, FCA, MAS, DFSA, FINMA |
| Platforms | MetaTrader 4, MetaTrader 5, Axi Copy Trading, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Instruments | Forex, Commodities, Indices, Stocks, Crypto | Forex, Stocks, ETFs, Bonds, Futures, Options, Mutual funds, Indices, Commodities |
| Account types | Standard, Pro, Elite | Classic, Platinum, VIP |
| Founded | 2007 | 1992 |
| Spread type | Variable; raw pricing on Pro and Elite accounts | Variable market spreads, tier dependent |
| Commission | About $3.50 per lot per side on Pro; none on Standard | Share and ETF commissions vary by exchange and tier; FX priced via spread |
| Overnight / swap | Overnight swap applies; Islamic accounts available on approval | Overnight financing on leveraged positions; cash balances may earn or pay interest |
| Withdrawals | No Axi withdrawal fee on most methods; intermediary bank charges may apply | No standard withdrawal fee to a same-name bank account; currency conversion and custody fees can apply |
Key differences
- Saxo Bank has a lower listed minimum deposit ($0 vs $100).
- Both brokers hold licences with ASIC, FCA, DFSA.
- Only Axi lists MetaTrader 4, MetaTrader 5, Axi Copy Trading among its platforms.
- Only Saxo Bank lists SaxoTraderGO, SaxoTraderPRO, SaxoInvestor among its platforms.
- Only Axi lists Crypto among its instruments.
- Only Saxo Bank lists ETFs, Bonds, Futures, Options, Mutual funds among its instruments.
Which should you choose?
- Choose Saxo Bank if a lower listed opening deposit is your priority.
- Choose Axi if access to Crypto is essential, and confirm it is available under your entity.
- Choose Saxo Bank if access to ETFs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, Axi or Saxo Bank?+
Saxo Bank has the lower listed minimum deposit ($0 vs $100). Confirm current terms with each broker.
Are Axi and Saxo Bank regulated by the same authorities?+
They share ASIC, FCA, DFSA. Axi lists ASIC, FCA, DFSA; Saxo Bank lists ASIC, FCA, MAS, DFSA, FINMA in our catalogue.
Which has the higher BrokaBoy score?+
Both score 9.1/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do Axi and Saxo Bank support the same platforms?+
Both list TradingView.
