FXCM vs Saxo Bank
| FXCM | Saxo Bank |
|---|---|
3.5
|
4
|
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FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA and ASIC. |
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
Based on 1 Saxo Bank customer reviews
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| Comment by Reviewer | |
| "FXCM maintains its position as a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets." | "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 | |
| CFDs, Forex, Stocks, Cryptos, Commodities | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| Variable | Vary by asset |
| Regulator | |
| FCA, CySEC, ASIC | DFSA, MAS, FCA, SFC |
| Margin Trading | |
| Yes | 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) |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | 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 | |
| You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for day traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
| 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 Trading | |
| FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
| 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+ |
| Currency Indices | |
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| Cryptocurrency | |
| You can trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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FXCM vs |
Saxo Bank vs |