Saxo Bank vs NicoFX

Saxo Bank vs NicoFX Comparison Table 2022
Saxo Bank NicoFX
WINNER
Saxo Bank is the better broker
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 NicoFX facilitates trading in forex and precious metals under CySEC regulation.
Awards
  • Fastest Growing European STP Broker 2016 - Global Banking & Finance Awards
  • Best STP Broker 2016 - MENA Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs Forex, Metals
Demo Account
Yes Yes
Minimum Deposit
$10000 $100
Payment Methods
Minimum Trade
Vary by asset 0.01 lots
Regulator
DFSA, MAS, FCA, SFC CySEC
Margin Trading
No
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No
OmniTrader
No
TradingView
Yes
Autochartist
No
eSignal
No
Trading Central
No
STP Account
No
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
No
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) Yes
Auto Trading
Yes (EAs)
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered
Leverage
1:30 1:30
FTSE Spread
1.2 pts (Variable) N/A
GBPUSD Spread<
0.7 (var) From 0.9
Oil Spread
0.03 N/A
Stocks Spread
0.10% (subject to min commission) N/A
Forex Trading
Start trading a long list of leading currencies with up to 1:30 leverage.
GBPUSD Spread
0.7 (varies by region) From 0.9
EURUSD Spread
0.2 (varies by region) From 0.9
EURGBP Spread
0.6 (varies by region) From 0.9
Assets
40+ 38
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