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Rankings updated November 2026

CMC Markets vs Saxo Bank

Your capital is at risk. Trade only with funds you can afford to lose.

Higher rated

CMC Markets

4.7/5

Guyana flag Doesn't accept traders from Guyana. See available CFD brokers

Not available in your countryRead CMC Markets review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Rating breakdown

  • Regulation & trust4.80.6 higher than Saxo (4.2)
  • Assets & markets4.70.5 higher than Saxo (4.2)
  • Fees & costs4.30.8 higher than Saxo (3.5)
  • Platforms & tools4.30.5 higher than Saxo (3.8)
  • Accounts & banking4.51.5 higher than Saxo (3.0)
  • Education4.30.8 higher than Saxo (3.5)
  • Research4.51.0 higher than Saxo (3.5)
  • Customer support4.51.0 higher than Saxo (3.5)

Saxo’s score. Numbers show the difference.

Saxo

4/5

#68 in our CFD broker rankings

Guyana flag Accepts traders from Guyana

66% of retail accounts lose money.

Rating breakdown

  • Regulation & trust4.20.6 lower than CMC Markets (4.8)
  • Assets & markets4.20.5 lower than CMC Markets (4.7)
  • Fees & costs3.50.8 lower than CMC Markets (4.3)
  • Platforms & tools3.80.5 lower than CMC Markets (4.3)
  • Accounts & banking3.01.5 lower than CMC Markets (4.5)
  • Education3.50.8 lower than CMC Markets (4.3)
  • Research3.51.0 lower than CMC Markets (4.5)
  • Customer support3.51.0 lower than CMC Markets (4.5)

CMC Markets’s score. Numbers show the difference.

CMC Markets vs Saxo comparison table 2026
CMC MarketsSaxo
OverviewEstablished in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
Customer Reviews
4.5
Based on 4 customer reviews
2.8
Based on 4 customer reviews
Trustpilot Score
4.3
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Comment by Reviewer“With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. ”“Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders. However, multiple regulatory fines in recent years pull down its safety profile.”
Pros
  • The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.
  • We've bumped up its 'Assets & Markets' rating after almost monthly product additions in 2025 and 2026, from extended hours trading on 5,000+ US stocks and ETFs to new share CFDs and certificates and warrants, plus fractional shares in some regions.
  • CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
  • CMC Funded available from October 2026, providing up to a $100k prop trading-style simulated account to traders looking to prove their skills on CMC's trading infrastructure with wide market access, including prediction markets.
  • The CMC web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4, MT5 and TradingView (added in 2025) are also supported.
  • Research tools are a standout, with Autochartist fully integrated and filterable by pattern type, asset class, timeframe from 15 minutes to daily, and probability bands up to 70%+, making it genuinely useful rather than bolted on.
  • Saxo gives traders genuine multi-asset depth from one account: in our testing we could trade FX, CFDs, stocks, ETFs, futures, options and bonds across 70,000+ instruments without switching between separate product environments.
  • Execution was consistently strong in our live tests, with Saxo’s own FX market-order stats showing average fills around 9–10ms and roughly 99.3–99.5% completing in under 50ms, which matched the fast, low-drift fills we saw on major FX and index CFDs.
Cons
  • The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
  • Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
  • An inactivity fee of $15 per month is applied after 12 months of inactivity, which may deter casual investors.
  • Classic account pricing is not cheap for day traders from our tests, with EUR/USD typically running around 0.8–0.9 pips all-in, so smaller traders will usually pay more than they would with the tightest ECN-style brokers.
  • Saxo is fast, but not built for ultra-tight scalping; around 55–60% of EUR/USD orders filled with zero slippage, yet roughly 20% saw negative slippage and price drift became more noticeable in our testing during news and under 300–400ms higher-latency conditions.
  • Withdrawals are reliable but slow in practice: Saxo processed requests in 1–2 business days, yet the full trip to our bank often took 4–5 days once correspondent banking and SHA charges were involved.
Awards
  • Best Trading App 2023 - DayTrading.com
  • No.1 Platform Technology 2022
  • No.1 New Tool 2022
  • No.1 Most Currency Pairs 2022
  • Best Trade Execution 2021
  • Best Forex Broker For Beginners 2021
  • Most Transparent Forex Broker Europe 2020
  • Best Trading Platform 2020
  • Best Trading App 2019
  • Best Customer Service 2018
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InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria)Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs
Demo AccountYesYes
Minimum Deposit$0$0
Trading Platforms
  • Web
  • MT4
  • MT5
  • TradingView
  • SaxoTraderGO
  • SaxoTraderPRO
  • SaxoInvestor
  • TradingView
  • ProRealTime
Payment Methods
Minimum Trade0.01 LotsVary by asset
RegulatorFCA, ASIC, MAS, CIRO, BaFin, FMA, DFSADFSA, MAS, FCA, FINMA, AMF, CONSOB
Margin TradingYesYes
Margin Rate3.0%2% - 3%
STP AccountNoNo
ECN AccountNoYes
DMA AccountNoNo
MAM AccountNoNo
PAMM AccountNoNo
LAMM AccountNoNo
Demat AccountNoNo
AI / Machine LearningNoNo
Robo AdvisorNoNo
Negative Balance ProtectionYesNo
Market MakerYesNo
P2P TradingNoNo
Spot TradingYesYes
Mobile AppsiOS & AndroidSaxoTraderGo (iOS, Android, Windows)
App ReviewThe award-winning app from CMC Markets has transformed mobile trading. The app's modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it's an exceptional choice for day traders.–
Android App Rating
3.7
4.6
iOS App Rating
4.1
4.6
Auto TradingExpert Advisors (EAs) on MetaTrader–
Copy TradingNoNo
Social TradingYesNo
Trade SignalsYesYes
VPS HostingYesNo
TournamentsNoNo
Demo CompetitionsYesNo
Ethical InvestingNoNo
Custodial AccountNoNo
Guaranteed Stop LossYesNo
Inactivity Fee$15–
Islamic AccountYesYes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SEK
  • NOK
  • SGD
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • MXN
Stock Exchanges
Commodities
CFD Trading
OverviewCMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries with new equities spanning quantum computing, AI learning, and digital car sales in 2025. Spreads are tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market.Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage1:30 (Retail), 1:500 (Pro)1:30
FTSE Spread1 pt1.2 pts (Variable)
GBPUSD Spread0.90.7 (var)
Oil Spread3.50.03
Stocks Spread0.020.10% (subject to min commission)
Forex Trading
OverviewCMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP.Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread0.90.7 (varies by region)
EURUSD Spread0.70.2 (varies by region)
EURGBP Spread1.10.6 (varies by region)
Assets300+40+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
  • AUD
  • NZD
  • CHF
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Cryptocurrency
OverviewCMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto day traders.Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
SpreadFrom 1.3Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • EOS
  • TRON
  • NEO
  • ADA
  • XLM
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto LendingNoNo
Crypto MiningNoNo
Crypto StakingNoNo
Auto Market MakerNoNo
Not available in your countryRead CMC Markets review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

66% of retail accounts lose money.