Smart Prime FX vs Saxo Bank

Smart Prime FX vs Saxo Bank Comparison Table 2024
Smart Prime FX	Saxo Bank
Smart Prime FX has closed.	Review 4

Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.	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.
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."
Pros
	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
	High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Instruments
Forex, CFDs, indices, commodities	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$25,000
Trading Platforms
MT4	TradingView
Payment Methods
Credit Card FasaPay Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer	Credit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
	DFSA, MAS, FCA, SFC
Margin Trading
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	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Gold Silver	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
Start trading on the financial markets with leveraged CFDs.	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:100 (Retail), 1:200 (Pro)	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 Trading
Trade the most active currency pairs at Smart Prime FX.	Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
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+
Cryptocurrency
Crypto trading not offered	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
	Variable
Coins
	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Smart Prime FX has closed.	Review
More Comparisons
Smart Prime FX vs	Saxo Bank vs