InstaForex vs. Saxo Bank
Comparison: InstaForex vs. Saxo Bank – Which broker is better? A quick comparison based on the trading platform, fees, deposit or withdrawal options, and regulation in 2026.
Winner of this comparison: InstaForex with an overall rating of 48%
Basic information
| Basic information |  InstaForex |  Saxo Bank |
|---|---|---|
| Deposit | 200 EUR/USD | 2000 EUR/USD |
| Spreads | 1.3 EUR/USD | 2 EUR/USD |
| Established | 2007 | 1992 |
| Currency Pairs (Total Forex pairs) | 82 | 182 |
| Country | Cyprus | Denmark, UK |
| Regulation | Cysec | FCA (UK), ASIC (Australia), Cysec |
| Trading app | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Web Platform |
| Number of CFD asset classes | 6 | 5 |
| Broker type | ECN, MM | ECN, STP |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, Visa/Mastercard, Bank Wire | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
81.62% of retail investor accounts lose money when trading CFDs with this provider.
Comparison Result
In terms of overall rating, both brokers are equal – both have 48%. InstaForex requires a minimum deposit of 200 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, InstaForex is more welcoming to traders with smaller budgets. For InstaForex, the spread is 1.3 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make InstaForex a more advantageous choice. InstaForex offers 82 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. InstaForex was founded in 2007, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. This advantage goes to Saxo Bank, while InstaForex lacks it. InstaForex is overseen by 1 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. InstaForex supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives InstaForex the lead.
48%
InstaForex
45%
Saxo Bank
Key Strengths
InstaForex
- Wide range of instruments : InstaForex offers trading with more than 100 currency pairs, CFDs, commodities, and cryptocurrencies.
- No minimum deposit : InstaForex has no minimum deposit requirement, allowing you to start trading with any amount.
- Professional education and analysis : InstaForex provides comprehensive educational and analytical tools useful for both beginners and experienced traders.
- Quick deposits : Various deposit methods, including Bitcoin and credit cards, allow for quick and easy account funding.
Saxo Bank
- Fully licensed European company with strong backing
- More suitable for professional traders
- Proprietary trading platforms
- Competitive trading spreads
- Really large number of trading instruments
Comparison by Categories
Comprehensive Comparison: InstaForex vs Saxo Bank
InstaForex Saxo Bank Investments
75 % 62 %| Investments | InstaForex | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 82 | 182 |
| CFDs – Total Offered | 2600+ | 201+ |
| Options CFD | No | No |
| Share CFDs | Yes | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | No |
| Cryptocurrency traded as CFD | Yes | No |
Cost
60 % 80 %| Cost | InstaForex | Saxo Bank |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.3 | 2 |
| Deposit from | 200 | 2000 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | Yes | No |
| Deposit fees | No | No |
Trading app
29 % 14 %| Trading app | InstaForex | Saxo Bank |
|---|---|---|
| Desktop Platform (Windows) | No | No |
| Web Platform | No | Yes |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
100 % 100 %| Trading Tools | InstaForex | Saxo Bank |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | Yes |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | Yes | Yes |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | Yes |
| Daily financial news | Yes | Yes |
| Order Type – Trailing Stop | Yes | Yes |
Research
67 % 83 %| Research | InstaForex | Saxo Bank |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | No | Yes |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | Yes | Yes |
| Research | Yes | Yes |
Education
83 % 67 %| Education | InstaForex | Saxo Bank |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
| Education | Yes | No |
Forex
100 % 100 %| Forex | InstaForex | Saxo Bank |
|---|---|---|
| GBP/USD | Yes | Yes |
| USD/JPY | Yes | Yes |
| EUR/USD | Yes | Yes |
| USD/CHF | Yes | Yes |
| USD/CAD | Yes | Yes |
| NZD/USD | Yes | Yes |
| AUD/USD | Yes | Yes |
Commodities
36 % 36 %| Commodities | InstaForex | Saxo Bank |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | No | No |
| Cocoa | No | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | No | No |
| Palladium | No | No |
Indicies
100 % 100 %| Indicies | InstaForex | Saxo Bank |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
40 % 0 %| Cryptocurrencies | InstaForex | Saxo Bank |
|---|---|---|
| Bitcoin | Yes | No |
| Litecoin | No | No |
| Ethereum | Yes | No |
| Ripple | Yes | No |
| Neo | No | No |
| Stellar | No | No |
| Cardano | Yes | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
17 % 50 %| Regulations | InstaForex | Saxo Bank |
|---|---|---|
| Cysec | Yes | Yes |
| ASIC (Australia) | No | Yes |
| FCA (UK) | No | Yes |
| Authorised in the European Union (EU) | No | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | InstaForex | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
48 % 45 %| Overall | InstaForex | Saxo Bank |
|---|
Our Recommendations
Best for InstaForex
Thanks to comprehensive educational materials and a user-friendly platform, InstaForex is an ideal choice for new traders.
Best Platform InstaForex
The trading platform of broker InstaForex offers an intuitive interface and advanced features for efficient trading.
Lowest Costs Saxo Bank
offers competitive spreads and lower fees, making it ideal for active traders.
InstaForex Saxo Bank