Saxo Bank vs FXChoice

Saxo Bank vs FXChoice Comparison Table 2023
Saxo Bank	FXChoice
Review 4	Review 4.3
Traders from US not accepted	Traders from US not accepted
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms	FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads and online CFD trading.
66% of retail accounts lose money.
Awards
	Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Bonus
	50% or 65% Welcome Deposit Bonus
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares
Demo Account
Yes	Yes
Minimum Deposit
	$100
Payment Methods
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	ADVcash Airtm AstroPay Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Mastercard Neteller PayRedeem Paysafecard Perfect Money POLi Skrill Sticpay Visa
Minimum Trade
Vary by asset	0.01 lots
Regulator
DFSA, MAS, FCA, SFC	FSC
Margin Trading
No	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS & Android
Auto Trading
	Yes (EAs)
Copy Trading
No	Yes
Copy Trading Platform
	FXChoice has partnered with ZuluTrade to offer copy trading solutions to all account holders.
Social Trading
No	Yes
Trade Signals
Yes	Yes - MQL5
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	USD EUR GBP CAD AUD
Stock Exchanges
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange	Euronext FTSE UK Index Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Copper Corn Gold Natural Gas Oil Silver	Gold Oil Silver
CFD Trading
	FXChoice offers leveraged CFD products on a breadth of financial markets.
Leverage
1:30	1:200
FTSE Spread
1.2 pts (Variable)	From $18.53
GBPUSD Spread<
0.7 (var)	From $8
Oil Spread
0.03	From $40
Stocks Spread
0.10% (subject to min commission)	Variable
Forex Trading
	Trade 36 forex pairs, including the US Dollar and Euro.
Forex App
	MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
GBPUSD Spread
0.7 (varies by region)	From $8
EURUSD Spread
0.2 (varies by region)	From $5
EURGBP Spread
0.6 (varies by region)	From $6.95
Assets
40+	36
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs.	FXChoice offers trading on leading crypto cross pairs with the US Dollar.
Spread
Variable	0.11 - 3.0 pips
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

Review	Review
66% of retail accounts lose money.
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