This contrast overview aids users that battle to select in between FP Markets and Saxo Bank to find the very best online broker for their trading and financial investment demands. It analyzes the highlights of both brokers alongside to assist customers contrast their solution and make a notified decision.
To assist users choose the right broker between FP Markets and Saxo Bank to discover the best-suited system, below is a list of broker’s benefits and drawbacks, complied with by a comparison of their main trading attributes, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, law, and consumer assistance.
FP Markets vs. Saxo Bank: Summary
FP Markets is a multi-asset broker regulated by two tier-one regulators (the CySEC and ASIC). It offers access to over 10,000 tradable symbols across a variety of markets including forex, shares, commodities, cryptocurrencies and CFDs. FP Markets charges low spreads from 0.1 pips (EUR/USD) on their cTrade and MetaTrader accounts without any commission. The broker also offers negative balance protection, up to 30:1 leverage and access to a free NY4 VPS server.
The minimum deposit at FT Markets is $100. Their customer service is available 24/7 by phone, email and live chat.
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 spreads from 0,0 pips EUR/USD
- Compatibility with MT4, MT5 and cTrader
- Free VPS server
- Fast account opening
Cons
- Only CFD and forex trading
- Demo account is not unlimited
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
- Access to 10,000 tradable symbols (CFDs on forex, stocks, ETFs..)
- Compatibility with MT4, MT5 and cTrader
- MAM/PAMM accounts availability
- Islamic account availability
- Excellent copy trading features (Myfxbook Autotrade)
- Wide range of advanced trading tools (Autochartist, Traders Toolbox)
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
FP Markets vs. Saxo Bank Comparison
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FP 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 | 1:500 | 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 | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | $3 per lot per trade + 0 pips | 1 |
| Stocks & ETF | 0.13 pips | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 0.13 pips | $0.60 |
| Crypto | 9.13 pips | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 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 | 63 | 200 |
| CFD Indices & Funds | 14 | 50 |
| CFD Stocks | 9000 | 19.000 |
| CFD Commodities | 10 | 50 |
| CFD Crypto | 4 | 0 |
| CFD Bonds | 2 | 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
FP Markets vs. Saxo Bank Comparison Conclusion
The results of our comparison of FP Markets vs. Saxo Bank are involved the table below.
| Broker: | Best For: |
| FP Markets | Forex and CFD trading with low fees |
| Saxo Bank | Premium Trades and CFD Trading |
Choosing the best option between FP Markets and Saxo Bank can be tough. Both online brokers have similarities yet vary concerning trading instruments, systems & apps, regulation, deposit & withdrawals, and research and education and learning. Choosing the best broker depends on customers’ trading & financial investment goals, individual 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.