Forex.com vs. Saxo Bank Comparison

This comparison guide assists customers that have a hard time to pick between Forex.com and Saxo Bank to find the most effective online broker for their trading and financial investment needs. It evaluates the main features of the two brokers side by side to aid customers compare their solution and make an informed choice.

To help customers select the best broker between Forex.com and Saxo Bank to locate the best-suited system, listed below is a list of broker’s pros and cons, followed by a contrast of their primary trading functions, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, properties, regulation, and consumer assistance.

Forex.com vs. Saxo Bank: Summary

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

Saxo Bank logo

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 ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

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 trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

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

Forex.com vs. Saxo Bank Comparison

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Forex.com logo

Forex.com

Open account Read review

80% of retail CFD accounts lose money

Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Forex.com logo
Saxo

Overall rating

4,4/5

4,9/5

Overall rating

4,4/5

4,9/5

Trading Platform & Tools

4.6

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 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

3.7

4.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $15 per month (after 12 months)
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 pips 1
Stocks & ETF 0 + spread 0.08% with $1 min. commission on US stocks
CFD (Gold) 0.8 $0.60
Crypto 0 0
Options 0 $0.75
Conversion Fees 0.50% 0,75%
Misc. Fees 0 0
Overnight Fees 2.50%

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.7

See details
Minimum deposit (in UAE) $100 $5000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

4.9

See details
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 91 200
CFD Indices & Funds 17 50
CFD Stocks 9500 19.000
CFD Commodities 22 50
CFD Crypto 8 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

4.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Forex.com vs. Saxo Bank Comparison Conclusion

The results of our contrast of Forex.com vs. Saxo Bank are involved the table listed below.

Broker:Best For:
Forex.comForex and CFD trading and MT4
Saxo BankPremium Trades and CFD Trading

Picking the appropriate option in between Forex.com and Saxo Bank can be difficult. Both online brokers have similarities however differ relating to trading instruments, systems & applications, guideline, deposit & withdrawals, and research and education and learning. Selecting the very best broker depends on customers’ trading & investment objectives, specific preferences, and experience level.

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.

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