7 minute read
JustMarkets vs Saxo Bank: Which Broker Is Right for You?
from JustMarkets
by Exness_India
When it comes to choosing between JustMarkets and Saxo Bank, the right broker depends entirely on your trading style, experience level, and financial goals. If you're a beginner or intermediate trader looking for simplicity, lower entry costs, and a wider range of promotions, JustMarkets may suit you better. However, if you're a high-net-worth individual or professional trader prioritizing institutional-grade tools, global market access, and deep research capabilities, Saxo Bank could be the superior choice.
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Let’s break down why, starting with what really sets these two brokers apart—and what that means for your trading journey.
1. Regulation and Trustworthiness
Trust is non-negotiable when dealing with financial markets. Saxo Bank is one of the most respected names in global finance, fully regulated in multiple tier-1 jurisdictions including Denmark, the UK, Switzerland, and Singapore. It operates as a bank, which means higher regulatory scrutiny, client fund protection, and transparency.
JustMarkets, on the other hand, is regulated by the Financial Services Authority (FSA) of Seychelles. While this offers some level of oversight, it’s not as strict or protective as EU or UK regulations. For traders in developing markets or those looking for offshore brokers with higher leverage, JustMarkets might seem more attractive—but it also involves a higher level of risk.
So, if regulation and security are top priorities, Saxo Bank clearly has the edge.
2. Minimum Deposit and Accessibility
Here’s where JustMarkets shines: it offers an extremely low barrier to entry. With a minimum deposit of just $1 for Standard accounts and modest requirements for Pro or Raw Spread accounts, it caters especially well to retail traders, beginners, and those experimenting with trading using small capital.
Saxo Bank, in contrast, is known for its exclusivity. The minimum deposit can range from $500 to $10,000 depending on your location and the account type. This immediately filters out casual or under-capitalized traders and positions Saxo Bank as a platform for professionals and serious investors.
If you’re just starting out or trading with limited funds, JustMarkets is more accessible. But if you’re ready to commit significant capital, Saxo Bank provides a more elite environment.
3. Trading Platforms and User Experience
JustMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the world. These platforms are known for being lightweight, highly customizable, and packed with indicators, expert advisors (EAs), and automated strategies. For most retail traders, MT4/MT5 provide all the tools needed to analyze charts and execute trades.
Saxo Bank uses its proprietary SaxoTraderGO and SaxoTraderPRO platforms. These platforms offer unmatched depth in functionality—featuring integrated news, sentiment indicators, complex order types, and access to a wide range of financial instruments. However, the learning curve is steeper, and the platforms are optimized more for desktop use than mobile-first users.
So, if you’re a fan of MetaTrader or want to keep things simple, JustMarkets offers a more familiar interface. If you’re looking for institutional-level tools and don’t mind a bit of complexity, Saxo’s platforms deliver far more firepower.
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4. Available Instruments
When it comes to market coverage, Saxo Bank wins by a long shot. It offers access to over 60,000 instruments, including forex, stocks, ETFs, futures, options, bonds, commodities, and CFDs. It’s one of the few brokers where you can trade equities and real bonds alongside forex—all from the same account.
JustMarkets is more focused. It provides a solid selection of forex pairs, indices, commodities, and cryptocurrencies. This makes it ideal for traders who want to stick to high-volatility markets like forex and crypto. However, it lacks the extensive range of stocks and fixed-income products Saxo offers.
If you want to trade across asset classes and build a diversified portfolio, Saxo Bank is unbeatable. But if your focus is mainly forex and crypto, JustMarkets is more than enough.
5. Spreads, Commissions, and Fees
JustMarkets is highly competitive in terms of spreads and trading costs, especially on its Raw Spread and Pro accounts. The broker offers tight spreads starting from 0.0 pips with low commissions (as low as $3 per lot). It’s optimized for scalpers, day traders, and those using high-frequency strategies.
Saxo Bank is not a low-cost broker. While its spreads can be tight for premium clients, retail traders may find the fees higher than average. There are also custodial and inactivity fees, which may deter smaller account holders or those who don’t trade regularly.
For cost-sensitive traders or those running automated strategies, JustMarkets offers a more budget-friendly option. For investors prioritizing service quality over cost, Saxo is a better fit.
6. Research and Educational Resources
Saxo Bank invests heavily in market research. Its trading platforms are integrated with real-time news, in-house analytics, and expert insights. Saxo also offers client access to economic calendars, sentiment tools, and webinars. It’s designed for serious traders who value data-driven decisions.
JustMarkets has decent educational content, such as tutorials, economic news, and analysis, but it lacks the depth and sophistication of Saxo’s offerings. Its content is more beginner-oriented and doesn’t offer much for experienced or professional traders.
If you want to grow your skills with elite-level market research, Saxo Bank is the clear winner. For basic learning and quick updates, JustMarkets is sufficient.
7. Customer Support and Service
JustMarkets offers 24/7 customer support via live chat, email, and social platforms. Its support team is responsive, multilingual, and used to working with traders from emerging markets. The broker also supports local deposit/withdrawal methods in many regions, which is a huge plus.
Saxo Bank provides professional customer support, but it may not be as instantly accessible. In many cases, support is channeled through local offices or ticket systems, and priority is given to high-tier clients. While quality is high, the response time may not be as fast as JustMarkets in all regions.
If you prioritize fast and flexible support, especially in less developed countries, JustMarkets performs better. Saxo’s support is more formal and structured—ideal for business accounts and VIP clients.
8. Leverage and Risk Management
JustMarkets offers leverage up to 1:3000 (depending on account type and region), which appeals to aggressive traders seeking high potential returns with small capital. However, this also significantly increases risk and the chance of account wipe-out.
Saxo Bank, being heavily regulated, offers more conservative leverage (usually up to 1:30 for retail traders in Europe), in line with ESMA and other regional authorities. This helps protect clients but may frustrate those wanting more flexibility.
If you’re an experienced trader who understands the risks and wants to push leverage to the limit, JustMarkets allows you to do so. If you’re more conservative or trading larger sums, Saxo’s lower leverage promotes better risk management.
Final Verdict: Which Broker Is Right for You?
Choose JustMarkets if:
You’re a beginner or intermediate trader.
You need low minimum deposits.
You use MetaTrader platforms.
You want high leverage and low trading costs.
You trade primarily in forex, indices, and crypto.
You prefer flexible payment options and multilingual support.
Choose Saxo Bank if:
You’re an advanced or professional trader.
You can deposit a larger sum upfront.
You want access to 60,000+ instruments.
You value institutional-grade platforms and research.
You need a broker regulated by top-tier authorities.
You’re building a long-term investment portfolio.
Ultimately, both brokers serve different types of clients. JustMarkets is perfect for traders seeking flexibility, low costs, and simple access to the markets. Saxo Bank is ideal for serious investors looking for depth, stability, and professionalism. Align your broker choice with your trading goals—and your decision becomes crystal clear.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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