Saxo Bank vs. XM Comparison

This contrast overview aids customers that battle to pick in between Saxo Bank and XM to locate the best online broker for their trading and financial investment demands. It analyzes the main features of the two brokers alongside to aid customers contrast their solution and make a notified decision.

To aid individuals select the appropriate broker in between Saxo Bank and XM to find the best-suited system, listed below is a list of broker’s pros and cons, adhered to by a comparison of their primary trading features, including trading platforms & devices, charges, mobile trading, down payment & withdrawal, properties, law, and client support.

Saxo Bank vs. XM: Summary

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.

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

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

Pros

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

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

Key features

  • Access to 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

Saxo Bank vs. XM Comparison

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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.

XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
XM logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:888
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

4.1

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1 1.6 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks 0,1% – (min $5)
CFD (Gold) $0.60 3 pips
Crypto 0
Options $0.75 0
Conversion Fees 0,75% 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

3.8

See details
Minimum deposit (in UAE) $5000 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.8

See details
Shares 30.000 100
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 Instruments 200 55
CFD Indices & Funds 50 14
CFD Stocks 19.000 1286
CFD Commodities 50 14
CFD Crypto 0 5
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

5.0

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

Saxo Bank vs. XM Comparison Conclusion

The results of our comparison of Saxo Bank vs. XM are wrapped up in the table below

Broker:Best For:
Saxo BankPremium Trades and CFD Trading
XMResearch & Education

Picking the ideal option between Saxo Bank and XM can be hard. Both on the internet brokers have similarities yet differ regarding trading tools, systems & apps, law, down payment & withdrawals, and research and education. Picking the best broker depends upon customers’ trading & financial investment goals, specific choices, 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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