Compare Saxo Bank vs FXCM

Saxo Bank Saxo Bank
Saxo Bank FXCM
Saxo Bank FXCM -
Established 1992 Established 1999
Web Web
Country Denmark, UK Country Germany
Regulation FCA (UK) ASIC (Australia) Cysec Regulation FCA (UK) Authorised in the European Union (EU) ASIC (Australia) Cysec
Number of CFD asset classes 5 Number of CFD asset classes 7
Broker type ECN, STP Broker type MM
Support Phone Mail Chat Support Phone Mail
Deposit from 2000 EUR/USD Deposit from 50 EUR/USD
Spreads 2 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 1 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 Web Platform Platforms Desktop Platform (Windows) Web Platform Social Trading / Copy-Trading
Instruments CFD Commodities, Share CFDs, Forex, ETF, Indicies Instruments CFD Commodities, Cryptocurrency traded as actual, Options, Forex, ETF, Cryptocurrency traded as CFD, Indicies
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
Skrill GiroPay Qiwi FasaPay UnionPay BitPay Klarna PaySafeCard PayPal Advcash Cryptocurrencies Poli WebMoney
* Some of the payment methods may not be available in your country.

We have compared Saxo Bank and FXCM 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 Saxo Bank VS FXCM

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 Saxo Bank vs FXCM? At broker Saxo Bank you can trade a total of 182 currency pairs, in total you can find over 201+ instruments. At broker FXCM you can trade a total of 20 of currency pairs, in total you will find over 200+ instruments. Broker Saxo Bank provides Client Webinars, Has Education – CFDs, Has Education – Forex, Videos – Advanced Trading Videos. Broker FXCM offers trading platforms of type Desktop Platform (Windows), Web Platform, Social Trading / Copy-Trading.

Investments

# Saxo Bank FXCM
Currency Pairs (Total Forex pairs) 182 20
CFDs – Total Offered 201+ 200+
Options CFD No Yes
Share CFDs Yes No
Forex CFD Yes Yes
Commodities CFD Yes Yes
ETF CFD Yes Yes
Indicies CFD Yes Yes
Cryptocurrency traded as actual No Yes
Cryptocurrency traded as CFD No Yes
Real Stocks and ETFs Yes Yes
Investments rating 62% 88%
Winner

Cost

# Saxo Bank FXCM
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. 2 1
Deposit from 2000 50
Account fee No No
Inactivity fee Yes Yes
Active Trader or VIP Discounts No Yes
Withdrawal fees No Yes
Deposit fees No Yes
Cost rating 80% 20%
Winner

Trading Platforms

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

Trading Tools

# Saxo Bank FXCM
Financial leverage Yes No
Virtual Trading (Demo) Yes Yes
Alerts – Basic Fields Yes Yes
Charting – Indicators / Studies (Total) Yes No
Charting – Drawing Tools (Total) Yes Yes
Charting – Trade From Chart Yes No
Stop-Loss Yes Yes
Finacial Calendar Yes Yes
Daily financial news Yes Yes
Order Type – Trailing Stop Yes No
Trading Tools rating 100% 60%
Winner

Mobile Trading

# Saxo Bank FXCM
Android App Yes Yes
Apple iOS App Yes Yes
Alerts – Basic Fields Yes No
SMS alerts Yes No
Mobile Trading Yes No
Mobile Trading rating 100% 40%
Winner

Research

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

Education

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

Major Forex Pairs

# Saxo Bank FXCM
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

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

Indicies

# Saxo Bank FXCM
DAX 40 Yes No
S&P 500 Yes Yes
Nasdaq Yes Yes
Dow Jones Yes Yes
Nikkei Yes Yes
Indices rating 100% 80%
Winner

Cryptocurrencies

# Saxo Bank FXCM
Bitcoin No No
Litecoin No No
Ethereum No Yes
Ripple No No
Neo No No
Stellar No Yes
Cardano No Yes
Tron No No
Monero No Yes
EOS No No
Cryptocurrencies rating 0% 40%
Winner

Regulations

# Saxo Bank FXCM
Cysec Yes Yes
ASIC (Australia) Yes Yes
FCA (UK) Yes Yes
Authorised in the European Union (EU) No Yes
CFTC Registered (USA) No No
FINMA (Switzerland) No No
Regulations rating 50% 67%
Winner

Support

# Saxo Bank FXCM
Chat Yes No
Phone Yes Yes
Mail Yes Yes
Support rating 100% 67%
Winner

Overall

# Saxo Bank FXCM
Link Saxo Bank FXCM
Win / Loss % 45% 52%
Winner