Saxo Bank vs FXChoice

Saxo Bank vs FXChoice Comparison Table 2023
Saxo Bank FXChoice
4
4.3
United States Flag Traders from US not accepted
United States Flag 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
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
Commodities
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
66% of retail accounts lose money.
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