Saxo Bank vs Trade Nation
Side-by-side comparison of regulation, trading costs, platforms, and account types for Saxo Bank and Trade Nation.
Established Danish investment bank offering one of the broadest product ranges in retail trading: forex, CFDs, stocks, ETFs, bonds, futures, and options across 50+ markets. Multi-regulated under FINMA, FCA, ASIC, MAS, JFSA. Premium platform (SaxoTraderGO/PRO) suits experienced and institutional traders. Important note: 2025 was a difficult regulatory year for Saxo - Danish FSA imposed an approximately USD 46M AML fine in January 2025 (white-label oversight 2021-2023), AMF France issued EUR 300,000 fine in July 2025, and Hong Kong SFC issued a USD 4M fine. In February 2025, Saxo agreed to sell 80.1% of Saxo Australia to DMA (Johannesburg fintech) - existing AU clients should verify their current entity. Saxo Bank itself remains operating across its other regulated entities.
UK FCA broker (formerly Core Spreads) offering fixed 0.6 pip spreads on EUR/USD across both retail and pro accounts. Zero minimum deposit and TN Trader plus TradingView support make it a clean low-friction pick for transparent-cost trading.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Saxo Bank is tighter on EUR/USD.
Side-by-side comparison
| Feature | Saxo Bank | Trade Nation |
|---|---|---|
| Trust score | 9.4 | 8.4 |
| Regulators | DFSA, FCA, ASIC, MAS, JFSA, FINMA | FCA, ASIC, FSCA, SCB |
| Headquarters | — | London, United Kingdom |
| Founded | — | 2014 |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:200 | 1:200 |
| EUR/USD spread | 0.40 pips | 0.60 pips |
| Commission per lot | $0.00 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | Bank Wire, Credit/Debit Card, PayPal, Skrill |
| Withdrawal methods | — | Bank Wire, Credit/Debit Card, PayPal, Skrill |
| Withdrawal speed | — | 24h |
| Base currencies | — | USD, EUR, GBP, AUD |