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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 review
Trust rank #20 · Founded 2010
ThinkMarkets is a well-regarded forex and CFD broker offering broad market access via MetaTrader and its proprietary ThinkTrader platform. It provides research, education, and risk management tools to support analysis and platform…
Read the ThinkMarkets 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. ThinkMarkets (Australia, founded 2010) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 16 countries; Saxo Bank is available in 26 countries where ThinkMarkets is not, and ThinkMarkets in 183 where Saxo Bank is not.
Scored on 8 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 | ThinkMarkets |
|---|---|---|
| Editorial rating | 10 / 10 | Not verified |
| Trust rank | #4 | #20 |
| Founded | 1992 | 2010 |
| Headquarters | Denmark | Australia |
| Regulators | ASIC, DFSA, FCA, FINMA, MAS, SFC | ASIC, CySEC, FCA, FSCA |
| Broker type | DMA, STP | ECN, STP |
| Platforms | Proprietary, TradingView | MT4, MT5, Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 42 countries | 199 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Copy Trading, Professional 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 (16): Australia, Faroe Islands, Greenland, Hong Kong, Iceland, Israel, Malaysia, Monaco, Norway, Qatar, Saudi Arabia, Singapore, Switzerland, Thailand, United Arab Emirates, United Kingdom.
Only Saxo Bank (26): Austria, Belgium, Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and 1 more.
Only ThinkMarkets (183): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 158 more.
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 ThinkMarkets (ASIC, CySEC, FCA, FSCA). Tier-1 licences: Saxo Bank 5, ThinkMarkets 2.
Saxo Bank offers Proprietary, TradingView; ThinkMarkets offers MT4, MT5, Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Saxo Bank is the older of the two, founded in 1992; ThinkMarkets was founded in 2010.
They overlap in 16 countries. Saxo Bank is additionally available in 26 countries (Austria, Belgium, Croatia, Czechia, Denmark, Estonia and 20 more) and ThinkMarkets in 183 countries (Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola and 177 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.