This comparison guide assists users who have a hard time to select in between CMC Markets and Saxo Bank to locate the best online broker for their trading and investment needs. It examines the main features of both brokers alongside to assist customers contrast their service and make an educated decision.
To aid users choose the ideal broker between CMC Markets and Saxo Bank to discover the best-suited system, below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their main trading functions, including trading platforms & devices, costs, mobile trading, down payment & withdrawal, assets, regulation, and consumer assistance.
CMC Markets vs. Saxo Bank: Summary
CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.
CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.
CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.
CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Low minimum deposit ($0)
- Low average spreads from 0.73 pips EUR/USD
- Fast and reliable trade execution
- Great research tools and educational materials
- Bonus and rebate program
Cons
- High stock trading fees
- Customer service availability is limited (24/5)
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- Competitive forex spreads
- MT4 Compatibility
- Access to 338 forex pairs and 9,000 shares
- Comprehensive market research tools
- Beginners and advanced trading features
- Competitive pricing
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
CMC Markets vs. Saxo Bank Comparison
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CMC Markets
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 500:1 | 1:20 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | 0 | 0 |
Deposit Fee | 0 | 0 |
Inactivity Fee | ||
Cost Per Trade | 0 | 0 |
Cost Per Month | £10 | 0 |
Forex (EUR/USD) | 0.7 pips | 1 |
Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
CFD (Gold) | 3.4 pips | $0.60 |
Crypto | 0 | 0 |
Options | 0 | $0.75 |
Conversion Fees | 0,75% | |
Misc. Fees | 0 | |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | 0 | $5000 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 30.000 |
ETF & Funds | 0 | 5.800 |
Crypto | 0 | 9 |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 3.000 |
Futures | 0 | 300 |
Bonds | 0 | 4.200 |
Forex Instruments | 330 | 200 |
CFD Indices & Funds | 98 | 50 |
CFD Stocks | 9500 | 19.000 |
CFD Commodities | 100 | 50 |
CFD Crypto | 0 | 0 |
CFD Bonds | 50 | 0 |
Binary Options | 0 | 0 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
CMC Markets vs. Saxo Bank Comparison Conclusion
The results of our contrast of CMC Markets vs. Saxo Bank are involved the table listed below.
Broker: | Best For: |
CMC Markets | Forex and CFDs |
Saxo Bank | Premium Trades and CFD Trading |
Choosing the appropriate option between CMC Markets and Saxo Bank can be challenging. Both on the internet brokers have resemblances however vary pertaining to trading instruments, platforms & apps, guideline, down payment & withdrawals, and study and education and learning. Selecting the best broker depends on customers’ trading & financial investment objectives, individual choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.