FXCM vs Saxo Bank

FXCM vs Saxo Bank Comparison Table 2021
FXCM Saxo Bank
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa. A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Bonus
None None
Instruments
CFD, Forex, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
£300 $10000
Payment Methods
Credit Card, Debit Card, POLi Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
Varies by asset Vary by asset
Regulator
FCA, CySEC, ASIC. DFSA, MAS, FCA, SFC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
Yes 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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS and Android SaxoTraderGo (iOS, Android, Windows)
Auto Trading
- -
Trade Signals
- Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
No Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, ZAR, CHF USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
Leverage
1:30 1:30
FTSE Spread
1.18 pts var* 1.2 pts (Variable)
GBPUSD Spread
0.5 pips* 0.7 (var)
Oil Spread
0.05 (var)* 0.03
Stocks Spread
0.2% Var* 0.10% (subject to min commission)
Forex
GBPUSD Spread
0.5 pips var* 0.7 (varies by region)
EURUSD Spread
0.2 pips var* 0.2 (varies by region)
EURGBP Spread
0.5 pips var* 0.6 (varies by region)
Assets
40 40+
Cryptocurrency
Crypto trading not offered
Spread
Coins
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No