Saxo Bank vs Easy Markets

Saxo Bank vs Easy Markets Comparison Table 2023
Saxo Bank Easy Markets
4
3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

66% of retail accounts lose money.
Comment by Reviewer
"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." "Casual traders who want a secure and straightforward trading environment will find a good broker in easyMarkets. The fixed spreads and upfront fees will also appeal to newer traders and cost-conscious investors."
Pros
  • 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
  • Wide range of asset classes with a good depth of tradeable instruments
  • Regulated by several upper-tier bodies including CySEC and ASIC
  • Up to 50% first deposit bonus for new traders (outside the EU)
  • Supports MetaTrader 4, MetaTrader 5 and TradingView
  • Free research tools and news feeds
  • Responsive customer support
  • Low fixed spreads
  • Free research tools
  • Bitcoin account
Cons
  • 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
  • Doesn't accept US clients
  • No raw spreads or cent account options
  • Spreads on standard account are wide
  • Lacks forex and VPS calculators
  • No copy trading
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
€100
Trading Platforms
  • TradingView
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
Variable Variable
Regulator
FCA, DFSA, MAS, SFC CySec, ASIC, BVI, FSCA
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
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
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS, Android and Windows
Auto Trading
Excel Automation via OpenAPI
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • PLN
  • CZK
Stock Exchanges
Commodities
CFD Trading
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. Trade CFDs on hundreds of instruments including forex, equities, commodities, indices and cryptocurrencies with fixed or variable spreads and no commission charges. The CFD trading environment is intuitive and secure.
Leverage
1:30 (Retail), 1:66 (Pro) 1:30
FTSE Spread
1.2 pts (Variable)
GBPUSD Spread
0.7 (var) 0.9 (MT4)
Oil Spread
0.03 3 pips
Stocks Spread
0.10% (subject to min commission) 0.1% Var
Forex Trading
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. Trade 60+ forex pairs including majors, minors and a selection of exotics and crosspairs with fixed spreads from 1.8 pips or variable spreads from 0.8. FX traders also get advanced trading software in MetaTrader.
GBPUSD Spread
0.7 (varies by region) 1.3 var (MT5)
EURUSD Spread
0.2 (varies by region) 0.9 (MT4)
EURGBP Spread
0.6 (varies by region) 1.5 (MT4)
Assets
40+ 81+
Cryptocurrency
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. Trade 20 cryptocurrency CFDs paired with USD with high leverage available up to 1:400 on easyMarkets' offshore branch. Traders can speculate on major digital assets like Bitcoin.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • XRP
  • ETH
  • LTC
  • BCH
  • XLM
  • ADA
  • ALG
  • SOL
  • UNI
  • DOT
  • LNK
  • ZEC
  • OMG
  • MTC
  • DSH
  • DOG
  • CHZ
  • AVA
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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