SuperForex vs Saxo Bank

SuperForex or Saxo – which is better for UK traders 2024? Compare SuperForex and Saxo in this detailed breakdown of their platforms, features and fees.

SuperForex vs Saxo Comparison Table 2024
SuperForex Saxo
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2.6
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4
SuperForex is ranked #77 among CFD brokers. Saxo is ranked #76 among CFD brokers.
Review
Review
Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests. Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
66% of retail accounts lose money.
Pros
  • SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading
  • You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time
  • Various accessible payment methods are supported, including crypto, with zero fees and fast processing times
  • SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero
  • There’s a good range of STP and ECN account types to choose from, as well as crypto and cent accounts
  • The broker offers an impressive range of 12+ account base currencies covering multiple global regions
  • Traders can receive 5% annual interest on their account equity - a great way to earn passive income
  • There’s a decent range of educational resources including video tutorials, guides and seminars
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards
  • The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Awards
  • Best Cryptocurrency broker LATAM 2022 – Global Business Magazine
  • The Best Withdrawal Options Africa 2022 – World Financial Award
  • Best ECN Broker in Africa 2021 – Global Business Magazine
  • Best ECN Broker in Africa 2021 – International Business Magazine
  • Best New ECN Broker in Africa 2020 - Global Brands Magazine
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Bonus
50% Welcome Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$1 £500
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
IFSC DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
iOS App Rating
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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
The Forex Copy system provides access to a huge network of experienced traders with strategies that can be mirrored in a few clicks. You only need $10 to get started with the copy trading solution.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • AED
  • BRL
  • THB
  • VND
  • KRW
  • KES
  • CNY
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Gold
  • Oil
  • Silver
  • Platinum
  • Aluminium
  • Palladium
  • Zinc
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:2000 1:30
FTSE Spread
6.0 (standard account) 1.2 pts (Variable)
GBPUSD Spread<
2.5 (standard account) 0.7 (var)
Oil Spread
5.0 (standard account) 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
100+ 40+
GBPUSD Spread
2.5 (standard account) 0.7 (varies by region)
EURUSD Spread
2.0 (standard account) 0.2 (varies by region)
EURGBP Spread
2.5 (standard account) 0.6 (varies by region)
Cryptocurrency
SuperForex offers cryptocurrency CFDs on 11 popular tokens including Bitcoin, Dash, Solana and Polkadot. 1:10 leverage is available for crypto assets and although this is a fairly limited selection of digital assets, it covers the most important tokens. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Floating or fixed Variable
Coins
  • BTC
  • ETH
  • LTC
  • ZEC
  • DASH
  • BCH
  • XMR
  • NEO
  • EOS
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
SuperForex Saxo
Review
Review
66% of retail accounts lose money.
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