Saxo Bank vs. FXCM
Saxo Bank
Deposit
2000 EUR/USD
Spreads
2 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established
1992
Currency Pairs (Total Forex pairs)
182
Country:
Denmark,
UK
Regulation:
Trading app:
Number of CFD asset classes:
5
Broker type:
ECN,
STP
Support:
Funding methods:
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
FXCM
Deposit
50 EUR/USD
Spreads
1 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established
1999
Currency Pairs (Total Forex pairs)
20
Country:
Germany
Regulation:
Trading app:
Number of CFD asset classes:
7
Broker type:
MM
Support:
Funding methods:
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
Winner of the comparison
45%
Saxo Bank
52%
FXCM
Winner
Comprehensive Comparison: Saxo Bank vs FXCM
A detailed look at two popular brokers from our portfolio
Comparison Result
Winner of this comparison: FXCM with an overall rating of 52%
Saxo Bank
Min. Deposit
2000
EUR/USD Spread
2
Currency Pairs
182
Year Established
1992
FXCM
Min. Deposit
50
EUR/USD Spread
1
Currency Pairs
20
Year Established
1999
Key Strengths
Saxo Bank
- Fully licensed European company with strong backing
- More suitable for professional traders
- Proprietary trading platforms
- Competitive trading spreads
- Really large number of trading instruments
FXCM
- The broker is regulated in four Tier-1 jurisdictions and two Tier-2 jurisdictions.
- FXCM has received awards for the best tools and platforms, professional trading, algorithmic trading, and copy trading.
- FXCM publishes monthly execution reports, including statistics on slippage and order execution quality.
Our Recommendations
Best for Beginners
FXCM
Thanks to comprehensive educational materials and a user-friendly platform, FXCM is an ideal choice for new traders.
Best Platform
FXCM
The trading platform of broker FXCM offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Saxo Bank
Saxo Bank offers competitive spreads and lower fees, making it ideal for active traders.
Investments
| # | Saxo Bank | FXCM |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 182 | 20 |
| CFDs – Total Offered | 201+ | 200+ |
| Options CFD | ||
| Share CFDs | ||
| Forex CFD | ||
| Commodities CFD | ||
| ETF CFD | ||
| Indicies CFD | ||
| Cryptocurrency traded as actual | ||
| Cryptocurrency traded as CFD | ||
| Investments rating | ||
| Winner |
Cost
| # | Saxo Bank | FXCM |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 2 | 1 |
| Deposit from | 2000 | 50 |
| Account fee | ||
| Inactivity fee | ||
| Active Trader or VIP Discounts | ||
| Withdrawal fees | ||
| Deposit fees | ||
| Cost rating | ||
| Winner |
Trading app
| # | Saxo Bank | FXCM |
|---|---|---|
| Desktop Platform (Windows) | ||
| Web Platform | ||
| Social Trading / Copy-Trading | ||
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Currenex | ||
| cTrader | ||
| Trading Platforms rating | ||
| Winner |
Trading Tools
| # | Saxo Bank | FXCM |
|---|---|---|
| Financial leverage | ||
| Virtual Trading (Demo) | ||
| Alerts – Basic Fields | ||
| Charting – Indicators / Studies (Total) | ||
| Charting – Drawing Tools (Total) | ||
| Charting – Trade From Chart | ||
| Stop-Loss | ||
| Finacial Calendar | ||
| Daily financial news | ||
| Order Type – Trailing Stop | ||
| Trading Tools rating | ||
| Winner |
Research
| # | Saxo Bank | FXCM |
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | ||
| Weekly Webinars | ||
| Social Sentiment – Currency Pairs | ||
| Economic Calendar | ||
| Research | ||
| Research rating | ||
| Winner |
Education
| # | Saxo Bank | FXCM |
|---|---|---|
| Has Education – Forex | ||
| Has Education – CFDs | ||
| Client Webinars | ||
| Videos – Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | ||
| Education | ||
| Education rating | ||
| Winner |
Forex
| # | Saxo Bank | FXCM |
|---|---|---|
| GBP/USD | ||
| USD/JPY | ||
| EUR/USD | ||
| USD/CHF | ||
| USD/CAD | ||
| NZD/USD | ||
| AUD/USD | ||
| Major Forex Pairs rating | ||
| Winner |
Commodities
| # | Saxo Bank | FXCM |
|---|---|---|
| Gold | ||
| Silver | ||
| WIT Oil | ||
| Brent Oil | ||
| Coffee | ||
| Cocoa | ||
| Soybeans | ||
| Rice | ||
| Corn | ||
| Platinum | ||
| Palladium | ||
| Commodities rating | ||
| Winner |
Indicies
| # | Saxo Bank | FXCM |
|---|---|---|
| DAX 40 | ||
| S&P 500 | ||
| Nasdaq | ||
| Dow Jones | ||
| Nikkei | ||
| Indices rating | ||
| Winner |
Cryptocurrencies
| # | Saxo Bank | FXCM |
|---|---|---|
| Bitcoin | ||
| Litecoin | ||
| Ethereum | ||
| Ripple | ||
| Neo | ||
| Stellar | ||
| Cardano | ||
| Tron | ||
| Monero | ||
| EOS | ||
| Cryptocurrencies rating | ||
| Winner |
Regulations
| # | Saxo Bank | FXCM |
|---|---|---|
| Cysec | ||
| ASIC (Australia) | ||
| FCA (UK) | ||
| Authorised in the European Union (EU) | ||
| CFTC Registered (USA) | ||
| FINMA (Switzerland) | ||
| Regulations rating | ||
| Winner |
Support
| # | Saxo Bank | FXCM |
|---|---|---|
| Chat | ||
| Phone | ||
| Support rating | ||
| Winner |
Overall
| # | Saxo Bank | FXCM |
|---|---|---|
| Go to the full broker review | Saxo Bank | FXCM |
| Win / Loss % | 45% | 52% |
| Winner |
