Prospero Markets vs Saxo: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeProspero MarketsSaxo
Licence Score53Moderate84Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record18
1 FCA United Kingdom —Licensed
1 ASIC Australia LicensedLicensed
1 JFSA Japan —Licensed
1 MAS Singapore —Licensed
1 FINMA Switzerland —Licensed
1 SFC Hong Kong —Licensed
2 AFM Netherlands —Licensed
2 Finanstilsynet (DK) Denmark —Licensed
Founded20191992
HeadquartersAustraliaDenmark
TypeForex & CFD brokerTrading bank
Publicly listedNoNo
PlatformsMT4, MT5Proprietary
Minimum deposit—No minimum
VisitVisit siteVisit site

Frequently asked questions

Is Prospero Markets or Saxo better regulated?

Saxo has the higher Licence Score (84 vs 53), based on the number and tier of licences, operating history and public listing.

Which regulators license both Prospero Markets and Saxo?

Both are matched to licences from ASIC.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.