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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #4 · Editorial rating 10 / 10 · Founded 1992
Saxo Bank is a well-regarded forex broker with a proprietary multi-asset trading platform, broad access to currency pairs, advanced charting, and research-driven tools. It emphasizes robust technology, risk management features, and a…
Read the Saxo Bank reviewTrust rank #22 · Editorial rating 9.1 / 10 · Founded 2017
tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…
Read the tastytrade reviewSaxo Bank (Denmark, founded 1992) holds 6 regulatory licences (ASIC, DFSA, FCA, FINMA, MAS…), 5 of them tier-1, offers Proprietary, TradingView and sits in our low-fee bracket. tastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. The two overlap in 32 countries; Saxo Bank is available in 10 countries where tastytrade is not, and tastytrade in 24 where Saxo Bank is not.
Scored on 9 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | Saxo Bank | tastytrade |
|---|---|---|
| Editorial rating | 10 / 10 | 9.1 / 10 |
| Trust rank | #4 | #22 |
| Founded | 1992 | 2017 |
| Headquarters | Denmark | United States |
| Regulators | ASIC, DFSA, FCA, FINMA, MAS, SFC | CFTC, NFA |
| Broker type | DMA, STP | Market Maker |
| Platforms | Proprietary, TradingView | Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Forex |
| Countries accepted | 42 countries | 56 countries |
| Fee level | Low | Medium |
| Trading types | CFD Trading, Spot Trading | Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (32): Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Lithuania, Luxembourg, Malaysia, Netherlands, Norway, Poland, Portugal, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom.
Only Saxo Bank (10): Australia, Croatia, Faroe Islands, Greenland, Hong Kong, Japan, Latvia, Malta, Monaco, Qatar.
Only tastytrade (24): Andorra, Argentina, Bahrain, Brazil, Chile, Colombia, Dominican Republic, Ecuador, Egypt, French Polynesia, India, Indonesia, Isle of Man, Liechtenstein, Mexico, New Zealand, Oman, Peru, Philippines, San Marino, South Korea, Taiwan, United States of America, Uruguay.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
Saxo Bank holds more regulatory licences: Saxo Bank (ASIC, DFSA, FCA, FINMA, MAS, SFC) versus tastytrade (CFTC, NFA). Tier-1 licences: Saxo Bank 5, tastytrade 2.
Saxo Bank offers Proprietary, TradingView; tastytrade offers Proprietary.
Saxo Bank is in the lower fee bracket (low vs medium) in our catalogue.
Saxo Bank is the older of the two, founded in 1992; tastytrade was founded in 2017.
They overlap in 32 countries. Saxo Bank is additionally available in 10 countries (Australia, Croatia, Faroe Islands, Greenland, Hong Kong, Japan and 4 more) and tastytrade in 24 countries (Andorra, Argentina, Bahrain, Brazil, Chile, Colombia and 18 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.