Compare FXOpen vs Saxo Bank

FXOpen FXOpen
FXOpen Saxo Bank
FXOpen Saxo Bank -
Established 2005 Established 1992
Web Web
Country UK, Australia Country Denmark, UK
Regulation FCA (UK) ASIC (Australia) Regulation FCA (UK) ASIC (Australia) Cysec
Number of CFD asset classes 5 Number of CFD asset classes 5
Broker type MM Broker type ECN, STP
Support Phone Mail Chat Support Phone Mail Chat
Deposit from 100 EUR/USD Deposit from 2000 EUR/USD
Spreads 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 2 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs Real Stocks and ETFs
Platforms MetaTrader 4 (MT4) Desktop Platform (Windows) MetaTrader 5 (MT5) Platforms Web Platform
Instruments CFD Commodities, Share CFDs, Forex, Cryptocurrency traded as CFD, Indicies Instruments CFD Commodities, Share CFDs, Forex, ETF, Indicies
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

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

Indicies

# FXOpen Saxo Bank
DAX 40 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

# FXOpen Saxo Bank
Link FXOpen Saxo Bank
Win / Loss % 36% 45%
Winner