Saxo Bank vs Markets.com
Saxo Bank | Markets.com |
---|---|
4
|
4.4
|
Traders from US not accepted
|
Traders from US not accepted
|
Saxo Markets 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. |
Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money. |
66% of retail accounts lose money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Customer Reviews | |
4
Based on 1 Saxo Bank customer reviews
|
|
Comment by Reviewer | |
"Saxo is best for active traders and high-volume 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." | "Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts." |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
Vary by asset | 0.01 Lots |
Regulator | |
DFSA, MAS, FCA, SFC | FCA, CySEC, ASIC, FSCA, FSC |
Margin Trading | |
No | Yes |
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 | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | iOS, Android |
App Review | |
Markets.com operate MarketsX – the bespoke platform, both on WebTrader and mobile applications. The app, available on android and iOS has been downloaded over a million times. |
|
Android App Rating | |
4.5 |
|
iOS App Rating | |
3.2 |
|
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | Trading Insights |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
|
|
Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | Markets.com offers a strong variety of CFD products, not only covering popular asset classes but also more interesting markets such as IPOs and Bonds. The low fees and educational resources will appeal to beginners, whilst seasoned CFD traders will appreciate the feature-rich charting platforms. |
Leverage | |
1:30 | 1:30 |
FTSE Spread | |
1.2 pts (Variable) | 2 pips |
GBPUSD Spread | |
0.7 (var) | 1.3 pips (var) |
Oil Spread | |
0.03 | 0.05 |
Stocks Spread | |
0.10% (subject to min commission) | 4 pips |
Forex Trading | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | Markets.com offers 43 major, minor and exotic currency pairs. The range is around the industry average, though spreads are fairly competitive, starting from 0.6 pips for EUR/USD. There’s also an excellent range of tools and education, including forex calculators and trading videos. |
Forex App | |
Markets.com operate MarketsX – the bespoke platform, both on WebTrader and mobile applications. The app, available on android and iOS has been downloaded over a million times. |
|
GBPUSD Spread | |
0.7 (varies by region) | 1.3 pips (var) |
EURUSD Spread | |
0.2 (varies by region) | 0.70 pips (var) |
EURGBP Spread | |
0.6 (varies by region) | 1.0 pip (var) |
Assets | |
40+ | 67 |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | You can open long or short positions 24/7 on 25+ popular digital currencies including Ripple, Bitcoin, Neo and Monera. Spreads on Bitcoin are around 51.13 which is uncompetitive compared to other brands, although the 1:20 leverage will offer greater exposure to the market. |
Spread | |
Variable | BTC 88.94 (USD), ETH 5 (USD) |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
66% of retail accounts lose money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
More Comparisons | |
Saxo Bank vs |
Markets.com vs |