Saxo Bank vs. FxPro

Page Summary

Saxo Bank and FxPro are leading online brokers with impressive online experiences. Saxo Bank has VIP services and tools. It offers a transparent fee structure and an active trader discount. Saxo Bank has licenses from the ASIC, FCA, SFC, FSA, MAS, and FINMA. It is a top choice for traders of all levels of experience.

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Compare brokers
Saxo

Saxo Bank

Open account Read review

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

FXPro logo

FXPro

Open account Read review

75.18% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
FXPro logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

4.7

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

3.6

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $100 / 6months $5
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1 1.1 pips
Stocks & ETF $1 0
CFD (Gold) $0.60 3.5 pips
Crypto 0 0
Options $1.25 0
Conversion Fees 0,75%
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

3.1

See details
Minimum deposit (in UAE) $2000 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.9

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 70
CFD Indices & Funds 50 42
CFD Stocks 19.000 2030
CFD Commodities 50 8
CFD Crypto 0 31
CFD Bonds 0 0
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

FxPro is a MetaTrader broker offering both MT4 and MT5 platforms. It has many account tiers, execution methods, and benefits. FxPro has an excellent learning center with written content and videos. It is an excellent fit for traders of all levels of experience who want to improve their trading knowledge. 

This article discusses the strengths and weaknesses of Saxo Bank and FxPro. 

Top findings from the Saxo Bank vs. FxPro review:  

  1. Saxo Bank is a safe online broker with social trading tools and professional services. 
  2. FxPro is a low-risk broker with access to the MetaTrader suite and a dedicated learning center. 
  3. Both brokers offer a demo account to test their offering. 

Saxo Bank is a top choice for active traders looking for premium tools and social trading. New traders choose FxPro because of its comprehensive learning materials. 

Level of experience  

Expert traders opt for Saxo Bank as it has premium account tiers, powerful platforms, and advanced tools. It has expert trading videos for professional investors. Saxo Bank has beginner-friendly tools, including forex education. 

FxPro has a reliable learning center with beginner trading videos, forex education, and webinars. It offers insights from education leaders, including IG and FXCM. FxPro is an excellent choice for all traders who want to improve their trading skills and knowledge.   

Fees  

Saxo Bank has a minimum deposit fee of US$10,000, while FxPro charges $100. The average EUR/USD spread at Saxo Bank is 0.6, while at FxPro is 1.27. Both brokers offer an active trader discount. 

Assets  

Saxo Bank has 170 forex currency pairs, while FxPro has 70 available pairs. Saxo Bank provides 9000 CFDs, while FxPro has 187 available CFDs. 

Trading platform  

Saxo Bank has a premium portfolio with a web, desktop, and mobile trading platform. It offers a virtual trading account and professional research tools. Saxo Bank has social trading services and access to the MT4 suite. We recommend it for professional traders. 

FxPro has a proprietary web platform, FxPro Edge, and access to MetaTrader and cTrader. It offers a demo account, reliable social trading tools, and learning materials. FxPro is a good choice for both beginner and experienced traders. 

Banking services  

Banking services are important in online trading. Saxo Bank offers bank transfers and credit/debit cards as funding options. FxPro has bank transfers, credit/debit cards, PayPal, and Skrill. 

Final verdict  

Saxo Bank and FxPro are leading online brokers. Both have advantages and disadvantages depending on your trading style and experience. Saxo Bank is a better fit for professionals and active traders. We recommend FxPro to all traders as it has both professional and beginner-friendly tools. 

Saxo Bank compared to other brokers:

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