Compare ForexTime vs Saxo Bank

Investments Cost Trading app Trading Tools Research Education Forex Commodities Indicies Cryptocurrencies Regulations Support Overall
ForexTime ForexTime
Saxo Bank Saxo Bank
200 EUR/USD
Deposit
2000 EUR/USD
Deposit
1.5 EUR/USD
Spreads
*The value is indicative from the broker's website. The spread amount is variable.
2 EUR/USD
Spreads
*The value is indicative from the broker's website. The spread amount is variable.
Web
Established
2011
1992
Country
Cyprus
Denmark, UK
Regulation
FCA (UK)
Cysec
FCA (UK)
ASIC (Australia)
Cysec
Number of CFD asset classes
6
5
Broker type
ECN, STP
ECN, STP
Support
Phone
Mail
Chat
Phone
Mail
Chat
Platforms
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Web Platform
Funding methods
Skrill
Visa/Mastercard
Bank Wire
WebMoney
* Some of the payment methods may not be available in your country.
Visa/Mastercard
Bank Wire
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs
Overall Broker Rating
If you don't want to read the full comparison, we can say that the winning broker between ForexTime and Saxo Bank is ForexTime 🏆 . Based on the parameters we evaluated.
46%
ForexTime
45%
Saxo Bank
Broker Comparison: ForexTime vs Saxo Bank

We compared ForexTime and Saxo Bank to identify the key differences between these brokers. Our goal was to create a broker comparison so you have an overview of their features, fees, trading platforms, instruments, and more.

Below is a comparison of ForexTime VS Saxo Bank

Key Broker Parameters
ForexTime
  • Currency Pairs: Broker ForexTime offers a total of 35 currency pairs.
  • Instruments: At broker ForexTime, you will find over 250+ instruments.
Saxo Bank
  • Currency Pairs: Broker Saxo Bank offers a total of 182 currency pairs.
  • Instruments: At broker Saxo Bank, you will find over 201+ instruments.
Educational Resources and Trading Platforms
ForexTime
Educational Resources:
Client Webinars Has Education – CFDs Education Has Education – Forex
Trading Platforms:
MetaTrader 4 (MT4) MetaTrader 5 (MT5)
Saxo Bank
Educational Resources:
Client Webinars Has Education – CFDs Has Education – Forex Videos – Advanced Trading Videos
Trading Platforms:
Web Platform
Pros and Cons: ForexTime
Pros
  • Strong educational materials: FXTM provides a wide range of educational materials that can help traders improve their skills and understanding of the markets.
  • Flexible account types: The platform offers various account types, allowing traders to choose the right option according to their needs and preferences.
  • Dedicated account representative: FXTM provides each client with a dedicated account representative who can assist with any questions or issues.
Cons
  • Withdrawal fees: FXTM charges withdrawal fees, which can be disadvantageous for clients who frequently withdraw funds from their account.
  • No copy trading features: The platform does not offer copy trading features, which may be a drawback for those who prefer this investment strategy.
  • No cryptocurrencies and limited choice of commodities: FXTM does not offer cryptocurrency trading and has a limited selection of commodities, which may be a disadvantage for those looking to diversify their trading portfolio.
  • Lack of regulation: One of the disadvantages is the absence of regulation, which can undermine clients' trust and increase the risk of unethical behavior by the broker.
    • Pros and Cons: Saxo Bank
    Pros
    • Fully licensed European company with strong backing
    • More suitable for professional traders
    • Proprietary trading platforms
    • Competitive trading spreads
    • Really large number of trading instruments
    Cons
    • Fewer deposit and withdrawal options
    • High minimum deposit starting from 2,000 EUR
    • Fees + $100 inactivity fee after 180 days
    Licenses and Regulations of ForexTime
    Licences and regulation

    Broker ForexTime is seen as dependable due to its multiple top-tier regulatory certifications, which include

    • Exinity UK Limited - FCA (UK) registration no. 777911
    • ForexTime Ltd - CySEC (Cyprus) registration no. 185/12
    • ForexTime Ltd - FSCA (South Africa) registration no. 46614
    • Exinity Capital East Africa Ltd - CMA (Kenya) registration no. 135
    • Exinity Limited - FSC (Mauritius) registration no. C113012295
    Licenses and Regulations of Saxo Bank
    Licences and regulation
    • Saxo Bank A/S -  Danish FSA licence no. 1149
    • Saxo Capital Markets UK Limited - FCA (UK) registration number 551422
    • Saxo Capital Markets Pte. Ltd. Singapore - MAS (Singapore) Registration No. 200601141M
    • Saxo Bank - Representative Office (Dubai) - the Central Bank of the UAE registration number 2017/995/13
    • Saxo Bank FX Securities K.K. - athe FSA (Japan) registration number 239
    • Saxo Capital Markets Hong Kong Ltd. - SFC (Hong Kong) registration number 1395901
    • Saxo Capital Markets (Australia) Pty. Ltd. - ASIC (Australia) Registration No. 126 373 859

    Our broker comparison is based on available information and parameters and is therefore subjective. We recommend exploring additional resources before making a final decision.

    Investments

    # ForexTime Saxo Bank
    Currency Pairs (Total Forex pairs) 35 182
    CFDs – Total Offered 250+ 201+
    Options CFD No No
    Share CFDs Yes Yes
    Forex CFD Yes Yes
    Commodities CFD Yes Yes
    ETF CFD Yes Yes
    Indicies CFD Yes Yes
    Cryptocurrency traded as actual No No
    Cryptocurrency traded as CFD Yes No
    Real Stocks and ETFs No Yes
    Investments rating 75% 62%
    Winner

    Cost

    # ForexTime Saxo Bank
    Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 1.5 2
    Deposit from 200 2000
    Account fee No No
    Inactivity fee Yes Yes
    Active Trader or VIP Discounts No No
    Withdrawal fees No No
    Deposit fees No No
    Cost rating 80% 80%
    Winner

    Trading app

    # ForexTime Saxo Bank
    Desktop Platform (Windows) No No
    Web Platform No Yes
    Social Trading / Copy-Trading No No
    MetaTrader 4 (MT4) Yes No
    MetaTrader 5 (MT5) Yes No
    Currenex No No
    cTrader No No
    Trading Platforms rating 100% 100%
    Winner

    Trading Tools

    # ForexTime Saxo Bank
    Financial leverage Yes Yes
    Virtual Trading (Demo) Yes Yes
    Alerts – Basic Fields Yes Yes
    Charting – Indicators / Studies (Total) Yes Yes
    Charting – Drawing Tools (Total) Yes Yes
    Charting – Trade From Chart Yes Yes
    Stop-Loss Yes Yes
    Finacial Calendar Yes Yes
    Daily financial news Yes Yes
    Order Type – Trailing Stop No Yes
    Trading Tools rating 90% 100%
    Winner

    Mobile Trading

    # ForexTime Saxo Bank
    Android App Yes Yes
    Apple iOS App Yes Yes
    Alerts – Basic Fields Yes Yes
    SMS alerts No Yes
    Mobile Trading No Yes
    Mobile Trading rating 60% 100%
    Winner

    Research

    # ForexTime Saxo Bank
    Daily Market Commentary Yes Yes
    Forex News (Top-Tier Sources) Yes Yes
    Weekly Webinars Yes Yes
    Social Sentiment – Currency Pairs No No
    Economic Calendar No Yes
    Research No Yes
    Research rating 50% 83%
    Winner

    Education

    # ForexTime Saxo Bank
    Has Education – Forex Yes Yes
    Has Education – CFDs Yes Yes
    Client Webinars Yes Yes
    Videos – Advanced Trading Videos No Yes
    Investor Dictionary (Glossary) No No
    Education Yes No
    Education rating 67% 67%
    Winner

    Forex

    # ForexTime Saxo Bank
    GBP/USD Yes Yes
    USD/JPY Yes Yes
    EUR/USD Yes Yes
    USD/CHF Yes Yes
    USD/CAD Yes Yes
    NZD/USD Yes Yes
    AUD/USD Yes Yes
    Major Forex Pairs rating 100% 100%
    Winner

    Commodities

    # ForexTime Saxo Bank
    Gold Yes Yes
    Silver Yes Yes
    WIT Oil Yes Yes
    Brent Oil Yes Yes
    Coffee No No
    Cocoa No No
    Soybeans No No
    Rice No No
    Corn No No
    Platinum Yes No
    Palladium Yes No
    Commodities rating 55% 36%
    Winner

    Indicies

    # ForexTime Saxo Bank
    DAX 40 Yes Yes
    S&P 500 Yes Yes
    Nasdaq Yes Yes
    Dow Jones Yes Yes
    Nikkei Yes Yes
    Indices rating 100% 100%
    Winner

    Cryptocurrencies

    # ForexTime Saxo Bank
    Bitcoin Yes No
    Litecoin Yes No
    Ethereum Yes No
    Ripple No No
    Neo No No
    Stellar No No
    Cardano No No
    Tron No No
    Monero No No
    EOS No No
    Cryptocurrencies rating 30% 0%
    Winner

    Regulations

    # ForexTime Saxo Bank
    Cysec Yes Yes
    ASIC (Australia) No Yes
    FCA (UK) Yes Yes
    Authorised in the European Union (EU) No No
    CFTC Registered (USA) No No
    FINMA (Switzerland) No No
    Regulations rating 33% 50%
    Winner

    Support

    # ForexTime Saxo Bank
    Chat Yes Yes
    Phone Yes Yes
    Mail Yes Yes
    Support rating 100% 100%
    Winner

    Overall

    # ForexTime Saxo Bank
    Go to the full broker review ForexTime Saxo Bank
    Win / Loss % 46% 45%
    Winner