PrimeXBT vs Saxo Bank

PrimeXBT vs Saxo Bank Comparison Table 2023
PrimeXBT Saxo Bank
WINNER
PrimeXBT is the better broker
4.2
United States Flag Traders from US not accepted
Not Yet Rated
United States Flag 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
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
Commodities
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
75% of retail accounts lose money.
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