Saxo Bank vs. CMC Markets

Page Summary

Saxo Bank and CMC Markets are top online brokers with excellent trading experiences. Saxo Bank offers premium services and trading platforms. It has transparent fees and top-tier trading tools. Saxo Bank has licenses from the ASIC, FSA, SFC, MAS, FCA, and FINMA. It is a top choice for active traders of all levels of experience. 

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Saxo

Saxo Bank

Open account Read review

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

CMC Markets logo

CMC Markets

Open account Read review

65% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
CMC Markets logo

Overall rating

4,9/5

4,0/5

Overall rating

4,9/5

4,0/5

Trading Platform & Tools

4.9

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $100 / 6months
Cost Per Trade 0 0
Cost Per Month 0 £10
Forex (EUR/USD) 1 0.7 pips
Stocks & ETF $1 0
CFD (Gold) $0.60 3.4 pips
Crypto 0 0
Options $1.25 0
Conversion Fees 0,75%
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

1.9

See details
Minimum deposit (in UAE) $2000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

3.2

See details
Shares 30.000 0
ETF & Funds 5.800 0
Crypto 9 0
Commodities 0 0
Indices 0 0
Options 3.000 0
Futures 300 0
Bonds 4.200 0
Forex 200 330
CFD Indices & Funds 50 98
CFD Stocks 19.000 9500
CFD Commodities 50 100
CFD Crypto 0 0
CFD Bonds 0 50
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.3

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

Customer Support

4.9

4.5

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

Winner

CMC Markets is an online forex broker with licenses from the IIROC, MAS, FCA, and ASIC. It offers an active trader discount to professional traders. CMC Markets is a good fit for new traders as it has powerful learning tools. 

Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and CMC Markets. 

Top findings from the Saxo Bank vs. CMC Markets review:  

  1. Saxo Bank provides premium trading services with professional platforms and social trading tools. 
  2. CMC Markets has a versatile assets portfolio and a reliable learning center for beginners. 
  3. Both brokers offer a virtual trading account and 9,000+ CFDs. 

We recommend Saxo Bank for experienced investors because of its premium services. CMC Markets is the better choice for new traders, as it has comprehensive learning and research tools. 

Level of experience  

Professional traders choose Saxo Bank as it has premium trading platforms and tools. It offers professional trading videos and advanced research tools. Saxo Bank has some beginner-friendly tools, including forex education and training videos. 

CMC Markets has market data from third-party sources, including Morningstar. It has in-house analysts who provide insights through its web interface. CMC Markets is a top choice for new traders. It has many learning tools, including real-time news, webinars, and forex education. 

Fees  

Saxo Bank has a minimum initial deposit of US$10,000, while CMC Markets doesn’t charge an initial deposit fee. The average EUR/USD spread at Saxo Bank is 0.8, while at CMC Markets is 0.74. 

Assets  

Saxo Bank has 170 forex currency pairs, while CMC Markets has 158 available pairs. CMC Markets offers 9852 CFDs, while Saxo Bank has 9000 available CFDs. 

Trading platform  

Saxo Bank has an impressive portfolio with premium desktop, web, and mobile trading platforms. It has a demo account and excellent research tools. Saxo Bank is a popular broker because of its impressive social trading services. We recommend it for active traders of all levels of experience. 

CMC Markets offers a proprietary trading platform, Next Generation, and MetaTrader4. Its proprietary platforms are user-friendly and secure. Beginners receive news and research integration. CMC Markets provides many learning tools, including beginner tutorials and forex education. 

Banking services  

Banking services are essential for an excellent online trading experience. Saxo Bank offers bank wire and credit/debit card funding options. CMC Markets offers bank wire, credit/debit cards, and PayPal. 

Final verdict  

Saxo Bank and CMC Markets are the top online brokers. Both have advantages and disadvantages depending on your trading experience and style. We recommend Saxo Bank to active traders looking for premium services and discounts. CMC Markets is a better choice for new traders, as it has many learning and research tools. 

Saxo Bank compared to other brokers:

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