PrimeXBT vs Saxo Bank

PrimeXBT vs Saxo Bank Comparison Table 2023
PrimeXBT	Saxo Bank
WINNER PrimeXBT is the better broker
Review 4.2 Traders from US not accepted	Review Not Yet Rated Traders from US not accepted
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies. Copy trading and crypto staking also available.	A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
	75% of retail accounts lose money.
Pros
Low minimum deposit Copy trading
Cons
No demo account No MT4 integration No regulatory oversight
Awards
Best Crypto Trading App Best Platform For Margin Trading
Promotions
Enter PrimeXBT Virtual Contests To Win Real Prizes
Instruments
CFDs, Cryptos, Forex, Indices, Commodities	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
No	Yes
Minimum Deposit
0.001 BTC
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments	Credit Card JCB Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 contract	Vary by asset
Regulator
	DFSA, MAS, FCA, SFC
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	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
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Copy Trading
Yes	No
Copy Trading Platform
PrimeXBT offers an excellent Covesting module where traders can follow the strategies of other users with free and paid-for signals.
Social Trading
Yes	No
Trade Signals
No	Yes
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange
Commodities
Gold Natural Gas Oil Silver	Gold Natural Gas Silver
CFD Trading
Trade leveraged CFDs with low fees and fast execution speeds.
Leverage
1:200	1:30
FTSE Spread
Variable	1.2 pts (Variable)
GBPUSD Spread<
Variable	0.7 (var)
Oil Spread
Variable	0.03
Stocks Spread
Variable	0.10% (subject to min commission)
Forex Trading
Trade on close to 20 currency pairs, including crypto pairs. 'Covest' and follow experienced traders.
GBPUSD Spread
Variable	0.7 (varies by region)
EURUSD Spread
Variable	0.2 (varies by region)
EURGBP Spread
Variable	0.6 (varies by region)
Assets
18	40+
Cryptocurrency
Trade on popular cryptocurrency coins with an award winning trading platform. Leverage up to 1:200 subject to regulation.	Crypto trading not offered
Spread
0.05% BTC, 0.05% ETH
Coins
BTC LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
	75% of retail accounts lose money.
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