Head-to-Head Comparison

Eightcap Challenges vs Saxo Bank

Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.

Eightcap Challenges

Regulated

Est. 2009

Score

3:1

Saxo Bank

FSA

Est. 1992

Quick Summary

Eightcap Challenges (established 2009) and Saxo Bank (established 1992) are both regulated forex and CFD brokers. Eightcap Challenges offers tighter spreads starting from 0 pips, compared to Saxo Bank's 0.4 pips. Both brokers offer similar maximum leverage of 100:1. Eightcap Challenges has a lower minimum deposit requirement of $5.

Trading Conditions

Feature

Eightcap Challenges

Saxo Bank

Min. Spread

0 pips

0.4 pips

Min. Deposit

$2000

Max Leverage

100:1

30:1

Execution

Simulated (RAW)

Market Maker

Instruments

71000+

Founded

2009

1992

Headquarters

Australia

Denmark

Regulation & Licensing

Eightcap Challenges

Regulator

Seychelles

Saxo Bank

FSA(1149)

Denmark

FCA(440751)

United Kingdom

ASIC(321946)

Australia

Platforms & Features

Feature

Eightcap Challenges

Saxo Bank

Platforms

MetaTrader 4, MetaTrader 5, TradeLocker

SaxoTraderGO, SaxoTraderPRO

Copy Trading

VPS Hosting

Neg. Balance Protection

Islamic Account

Demo Account

Account Types

Eightcap Challenges

One Phase Challenge

Spread: 0 pipsMin: $69Lev: 100:1Comm: $5/lot

Two Phase Challenge

Spread: 0 pipsMin: $59Lev: 100:1Comm: $5/lot

Day Trader Challenge

Spread: 0 pipsMin: $5Lev: 100:1Comm: $5/lot

Saxo Bank

Classic

Spread: 0.6 pipsMin: $2000Lev: 30:1

Platinum

Spread: 0.4 pipsMin: $200000Lev: 30:1

Verdict: Eightcap Challenges vs Saxo Bank

Based on our verified data analysis, Eightcap Challenges has a slight edge in this comparison with a score of 3 vs 1.

Choose Eightcap Challenges if you prioritize the tightest possible spreads. Choose Eightcap Challenges for a lower entry barrier.

Full Eightcap Challenges Review Full Saxo Bank Review

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.