FxPro vs Saxo Bank

FxPro vs Saxo Bank Comparison Table 2023
FxPro Review 2023 Saxo Bank Review 2023
4.4
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FxPro is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

Saxo 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.

66% of retail accounts lose money.
Comment by Reviewer
"FxPro is best for traders looking for wide market access with thousands of instruments and reliable trading platforms, including MT4, MT5 & cTrader." "Saxo is best for active traders and advanced 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
  • No dealing desk (NDD) intervention with fast execution speeds under 13ms
  • Thousands of CFDs across 6 asset classes with a particularly impressive range of indices and precious metals
  • 4 superior trading platforms including MT4, MT5, cTrader and the broker's powerful proprietary solution
  • Comprehensive analysis and trading tools including signals powered by Trading Central and VPS hosting
  • Interactive learning center for beginners with tests, courses, video tutorials and webinars
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market reports, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • Highly accessible and flexible ISA account with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Limited payment methods
  • Relatively high fees on some assets
  • Inactivity fee applied to dormant accounts
  • High deposit requirements for trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Awards
  • BEST BROKER 2021 (UK), Ultimate Fintech Awards
  • BEST FX PROVIDER 2021, Online Personal Wealth Awards
  • BEST TRADING PLATFORM 2020, Investors Chronicle & Financial Times
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • TradingCentral
  • DupliTrade
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
FCA, CySEC, FSCA, SCB, FSC FCA, DFSA, MAS, SFC
Margin Trading
Yes Yes
Margin Rate
0.5%
STP Account
Yes No
ECN Account
No Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
Yes 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
Yes Yes
Mobile Apps
iOS, Android and Windows SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Expert Advisors (EAs) on MetaTrader Excel Automation via OpenAPI
Copy Trading
No No
Social Trading
No 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
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures with 24/5 multilingual support. Traders also benefit from low latency datacentre co-location. Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives.
Leverage
1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) 1:30 (Retail), 1:66 (Pro)
FTSE Spread
1.58 Pts (Ave) 1.2 pts (Variable)
GBPUSD Spread
2.39 Pips (Ave) 0.7 (var)
Oil Spread
0.07 (WTI Ave) 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex Trading
Trade 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals. With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders.
Forex App

FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.

GBPUSD Spread
2.39 pips (Ave) 0.7 (varies by region)
EURUSD Spread
1.58 pips (Ave) 0.2 (varies by region)
EURGBP Spread
1.74 pips (Ave) 0.6 (varies by region)
Assets
70+ 40+
Currency Indices
  • USD
Cryptocurrency
Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum as well as smaller tokens like Tron. Crypto assets are all traded in pairs with USD and, as derivative products, are not directly traded or owned. Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades.
Spread
Variable Variable
Coins
  • BAT
  • BCH
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LNK
  • LTC
  • NEO
  • XLM
  • XMR
  • XRP
  • ZEC
  • 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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