FXOpen vs. Saxo Bank

Winner of the comparison

If you don’t want to read the full comparison, the winner of our review is Saxo Bank, which takes the lead with a rating of 45%, while FXOpen only reaches 36%. FXOpen requires a minimum deposit of 100 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, FXOpen is more welcoming to traders with smaller budgets. For FXOpen, the spread is 1 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make FXOpen a more advantageous choice. FXOpen offers 95 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. FXOpen was founded in 2005, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. This advantage goes to Saxo Bank, while FXOpen lacks it. FXOpen is overseen by 2 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. FXOpen supports 3 platforms, while Saxo Bank offers 1. A greater choice of platforms gives FXOpen the lead.