FXOpen vs Saxo Bank

FXOpen vs Saxo Bank Comparison Table 2021
FXOpen Saxo Bank
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms. 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
Awards
Best ECN Broker 2012 - Masterforex-V
Best Trading Platform 2010 - Falcon Awards
Bonus
$10 no deposit bonus (non-UK traders) None
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$300 $10000
Payment Methods
Alipay, FasaPay, Neteller, Paysafecard, Perfect Money, QIWI, Rapid Transfer, RBK Money, Skrill, Trustly, UnionPay, Visa, WeChat Pay, Wire Transfer, Yandex Money Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
0.01 lots Vary by asset
Regulator
FCA, ASIC DFSA, MAS, FCA, SFC
Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
Yes 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
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes -
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
Yes No
Copy Trading
No No
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, JPY, CHF USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
Trade CFDs on currency pairs, indices, & commodities with tight spreads.
Leverage
1:30 1:30
FTSE Spread
1.2 1.2 pts (Variable)
GBPUSD Spread
0.2 0.7 (var)
Oil Spread
4 0.03
Stocks Spread
N/A 0.10% (subject to min commission)
Forex
Trade major, minor & emerging forex pairs with 1:30 leverage.
GBPUSD Spread
0.2 0.7 (varies by region)
EURUSD Spread
0.2 0.2 (varies by region)
EURGBP Spread
0.5 0.6 (varies by region)
Assets
50+ 40+
Cryptocurrency
Trade on dozens of cryptocurrency coins with 1:2 leverage. Crypto trading not offered
Spread
Variable
Coins
BTC, BCH, ETH, XRP, LTC, EOS, DASH, USDT, EMC, MIOTA
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No