FXOpen vs Saxo Bank

FXOpen vs Saxo Bank Comparison Table 2023
FXOpen Saxo Bank
3.7
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

66% of retail accounts lose money.
Pros
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • Inactivity fee
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$1 Global, £300 UK
Payment Methods
Minimum Trade
0.01 Lot Vary by asset
Regulator
FCA, CySEC, ASIC DFSA, MAS, FCA, SFC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes (EAs)
Copy Trading
Yes No
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:30 - 1:500 (varies by trading entity) 1:30
FTSE Spread
0.8 1.2 pts (Variable)
GBPUSD Spread<
0.2 0.7 (var)
Oil Spread
4.0 0.03
Stocks Spread
N/A 0.10% (subject to min commission)
Forex Trading
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
0.2 0.6 (varies by region)
Assets
50+ 40+
Cryptocurrency
Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK). Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.
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