FTX vs Saxo Bank
| FTX | Saxo Bank |
|---|---|
0.3
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
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4
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FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity. |
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 | |
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4
Based on 1 Saxo Bank customer reviews
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| Comment by Reviewer | |
| "We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested." | "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." |
| Pros | |
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| Cons | |
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| Instruments | |
| Cryptos, Futures, Options | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $1 | |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $1 | Vary by asset |
| Regulator | |
| DFSA, MAS, FCA, SFC | |
| Margin Trading | |
| Yes | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | SaxoTraderGo (iOS, Android, Windows) |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
| Leverage | |
| 1:30 | |
| FTSE Spread | |
| 1.2 pts (Variable) | |
| GBPUSD Spread | |
| 0.7 (var) | |
| Oil Spread | |
| 0.03 | |
| Stocks Spread | |
| 0.10% (subject to min commission) | |
| Forex Trading | |
| Forex trading not offered | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
| GBPUSD Spread | |
| 0.7 (varies by region) | |
| EURUSD Spread | |
| 0.2 (varies by region) | |
| EURGBP Spread | |
| 0.6 (varies by region) | |
| Assets | |
| 40+ | |
| Cryptocurrency | |
| FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| Yes | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| Yes | No |
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| More Comparisons | |
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FTX vs |
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