We have compared FXOpen and Saxo Bank to see what the key differences are between these brokers.
Our goal was to create a comparison of brokers so you can get an overview of their features, fees, trading platforms, instruments and more.
Below is a comparison of FXOpen VS Saxo Bank
During our testing, we evaluated various points that we liked, disliked or were indifferent to. When evaluating certain features, we tried to be objective and fair based on what features the broker offered versus how competitive its fees were. In addition, we created our own unique rating system that we use to judge all brokers.
Compare broker parameters depending on what you are interested in, cryptocurrencies, stocks, commodities or Forex? What is the difference between brokers FXOpen vs Saxo Bank?
At broker FXOpen you can trade a total of 95 currency pairs, in total you can find over 110+ instruments.
At broker Saxo Bank you can trade a total of 182 of currency pairs, in total you will find over 201+ instruments.
Broker FXOpen provides
Has Education – CFDs,
Has Education – Forex.
Broker Saxo Bank offers trading platforms of type
Web Platform.
Investments
| # |
FXOpen |
Saxo Bank |
| Currency Pairs (Total Forex pairs) |
95 |
182 |
| CFDs – Total Offered |
110+ |
201+ |
|
Options
CFD
|
No
|
No
|
|
Share CFDs
|
Yes
|
Yes
|
|
Forex
CFD
|
Yes
|
Yes
|
|
Commodities
CFD
|
Yes
|
Yes
|
|
ETF
CFD
|
No
|
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 |
62%
|
62%
|
| Winner |
|
|
Cost
| # |
FXOpen |
Saxo Bank |
|
Average Spread EUR/USD
* Spread is dated 02.01.2024 12:00, spread amount is subject to change.
|
1 |
2 |
| Deposit from |
100 |
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 Platforms
| # |
FXOpen |
Saxo Bank |
| Desktop Platform (Windows) |
Yes
|
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
| # |
FXOpen |
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 |
Yes
|
Yes
|
| Trading Tools rating |
100%
|
100%
|
| Winner |
|
|
Mobile Trading
| # |
FXOpen |
Saxo Bank |
| Android App |
Yes
|
Yes
|
| Apple iOS App |
Yes
|
Yes
|
| Alerts – Basic Fields |
No
|
Yes
|
| SMS alerts |
No
|
Yes
|
| Mobile Trading |
No
|
Yes
|
| Mobile Trading rating |
40%
|
100%
|
| Winner |
|
|
Research
| # |
FXOpen |
Saxo Bank |
| Daily Market Commentary |
Yes
|
Yes
|
| Forex News (Top-Tier Sources) |
Yes
|
Yes
|
| Weekly Webinars |
No
|
Yes
|
| Social Sentiment – Currency Pairs |
No
|
No
|
| Economic Calendar |
No
|
Yes
|
| Research |
No
|
Yes
|
| Research rating |
33%
|
83%
|
| Winner |
|
|
Education
| # |
FXOpen |
Saxo Bank |
| Has Education – Forex |
Yes
|
Yes
|
| Has Education – CFDs |
Yes
|
Yes
|
| Client Webinars |
No
|
Yes
|
| Videos – Advanced Trading Videos |
No
|
Yes
|
| Investor Dictionary (Glossary) |
No
|
No
|
| Education |
No
|
No
|
| Education rating |
33%
|
67%
|
| Winner |
|
|
Major Forex Pairs
| # |
FXOpen |
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
| # |
FXOpen |
Saxo Bank |
| Gold |
No
|
Yes
|
| Silver |
No
|
Yes
|
| WIT Oil |
No
|
Yes
|
| Brent Oil |
No
|
Yes
|
| Coffee |
No
|
No
|
| Cocoa |
No
|
No
|
| Soybeans |
No
|
No
|
| Rice |
No
|
No
|
| Corn |
No
|
No
|
| Platinum |
No
|
No
|
| Palladium |
No
|
No
|
| Commodities rating |
0%
|
36%
|
| Winner |
|
|
Indices
| # |
FXOpen |
Saxo Bank |
| DAX 30 |
Yes
|
Yes
|
| S&P 500 |
Yes
|
Yes
|
| Nasdaq |
Yes
|
Yes
|
| Dow Jones |
No
|
Yes
|
| Nikkei |
No
|
Yes
|
| Indices rating |
60%
|
100%
|
| Winner |
|
|
Cryptocurrencies
| # |
FXOpen |
Saxo Bank |
| Bitcoin |
Yes
|
No
|
| Litecoin |
No
|
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 |
20%
|
0%
|
| Winner |
|
|
Regulations
| # |
FXOpen |
Saxo Bank |
| Cysec |
No
|
Yes
|
| ASIC (Australia) |
Yes
|
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
| # |
FXOpen |
Saxo Bank |
| Chat |
Yes
|
Yes
|
| Phone |
Yes
|
Yes
|
| Mail |
Yes
|
Yes
|
| Support rating |
100%
|
100%
|
| Winner |
|
|
Overall
