SimpleFX vs Saxo Bank

SimpleFX vs Saxo Bank Comparison Table 2022
SimpleFX Saxo Bank
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
United States Flag Traders from US not accepted
United States Flag 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.
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.
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
Coins
BTC, BHC, LTC, ETH, ETC, XRP, LNK
Crypto Lending
- No
Crypto Mining
- No
Auto Market Maker
- No
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