Smart Prime FX vs Saxo Bank

Smart Prime FX vs Saxo Bank Comparison Table 2021
Smart Prime FX Saxo Bank
Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts. 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 accepted
United States Flag Traders from US not accepted
Bonus
None None
Instruments
Forex, CFDs, indices, commodities Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$25,000 $10000
Payment Methods
Credit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, Visa, Webmoney, Wire Transfer Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
0.01 lots Vary by asset
Regulator
Unregulated 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 No
AI / Machine Learning
- No
Robo Advisor
- No
Negative Balance Protection
- No
Market Maker
- No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes (EAs) -
Trade Signals
Yes Yes
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes Yes
Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
Start trading on the financial markets with leveraged CFDs.
Leverage
1:100 Retail, 1:200 Professional 1:30
FTSE Spread
Floating 1.2 pts (Variable)
GBPUSD Spread
1 0.7 (var)
Oil Spread
N/A 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
Trade the most active currency pairs at Smart Prime FX.
GBPUSD Spread
1 0.7 (varies by region)
EURUSD Spread
8 0.2 (varies by region)
EURGBP Spread
1 0.6 (varies by region)
Assets
10+ 40+