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SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees. |
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms |
 Traders from US not accepted |
Traders from US not accepted |
| Bonus |
| 50% spread cashback |
None |
| Instruments |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs |
| Demo Account |
| Yes |
Yes |
| Minimum Deposit |
| $0 |
$10000 |
| Payment Methods |
| Bitcoin Payments, FasaPay, Neteller, Skrill |
Credit Card, JCB Card, Mastercard, Visa, Wire Transfer |
| Minimum Trade |
| 0.01 lots |
Vary by asset |
| Regulator |
| None |
DFSA, MAS, FCA, SFC |
| Margin Trading |
| No |
No |
| MetaTrader 4 |
| Yes |
No |
| MetaTrader 5 |
| No |
No |
| cTrader |
| No |
No |
| STP Account |
| No |
No |
| ECN Account |
| No |
Yes |
| DMA Account |
| No |
No |
| MAM Account |
| No |
No |
| PAMM Account |
| No |
No |
| LAMM Account |
| No |
No |
| Demat Account |
| - |
No |
| AI / Machine Learning |
| - |
No |
| Robo Advisor |
| - |
No |
| Negative Balance Protection |
| - |
No |
| Market Maker |
| - |
No |
| P2P Trading |
| - |
No |
| Spot Trading |
| No |
Yes |
| Mobile Apps |
| Yes |
SaxoTraderGo (iOS, Android, Windows) |
| Auto Trading |
| Yes |
- |
| Trade Signals |
| Yes |
Yes |
| VPS Hosting |
| - |
No |
| Tournaments |
| - |
No |
| Demo Competitions |
| - |
No |
| Ethical Investing |
| - |
No |
| Social Trading |
| Yes |
No |
| Copy Trading |
| No |
No |
| Islamic Account |
| No |
Yes |
| Account Currencies |
| - |
USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF |
| CFD |
| Leveraged CFD products are available in multiple financial markets. |
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| Leverage |
| 1:500 |
1:30 |
| FTSE Spread |
| 1.3 |
1.2 pts (Variable) |
| GBPUSD Spread |
| 1.2 |
0.7 (var) |
| Oil Spread |
| 0.03 |
0.03 |
| Stocks Spread |
| Variable |
0.10% (subject to min commission) |
| Forex |
| Trade currency pairs with tight spreads and 1:500 leverage. |
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| GBPUSD Spread |
| 1.2 |
0.7 (varies by region) |
| EURUSD Spread |
| 0.9 |
0.2 (varies by region) |
| EURGBP Spread |
| 0.9 |
0.6 (varies by region) |
| Assets |
| 60 |
40+ |
| Cryptocurrency |
| Trade crypto and US Dollar CFDs. |
Crypto trading not offered |
| Spread |
| From 0.0001 |
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| Coins |
| BTC, BHC, LTC, ETH, ETC, XRP, LNK |
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| Crypto Lending |
| - |
No |
| Crypto Mining |
| - |
No |
| Auto Market Maker |
| - |
No |
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| More Comparisons |
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SimpleFX vs |
Saxo Bank vs |
Traders from US not accepted