CMC Markets vs. Saxo Bank
Comparison: CMC Markets vs. Saxo Bank – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Saxo Bank with an overall rating of 45%
Basic information
| Basic information |  CMC Markets |  Saxo Bank |
|---|---|---|
| Deposit | 1 EUR/USD | 2000 EUR/USD |
| Spreads | 0.8 EUR/USD | 2 EUR/USD |
| Established | 1989 | 1992 |
| Currency Pairs (Total Forex pairs) | 158 | 182 |
| Country | UK, Australia | Denmark, UK |
| Regulation | FCA (UK), ASIC (Australia) | FCA (UK), ASIC (Australia), Cysec |
| Trading app | MetaTrader 4 (MT4) | Web Platform |
| Number of CFD asset classes | 5 | 5 |
| Broker type | MM | ECN, STP |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparison Result
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 CMC Markets only reaches 36%. CMC Markets requires a minimum deposit of 1 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, CMC Markets is more welcoming to traders with smaller budgets. For CMC Markets, the spread is 0.8 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make CMC Markets a more advantageous choice. CMC Markets offers 158 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. CMC Markets was founded in 1989, while Saxo Bank has been operating since 1992. The longer tradition of CMC Markets means greater experience. This advantage goes to Saxo Bank, while CMC Markets lacks it. CMC Markets is overseen by 2 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. CMC Markets supports 1 platforms, while Saxo Bank offers 1. In terms of platform count, both are on the same level.
36%
CMC Markets
45%
Saxo Bank
Key Strengths
CMC Markets
- Affordable forex trading with low fees
- High-quality mobile and web platform for easy trading
- Extensive analytical tools and educational materials
- Clients under the supervision of top financial regulators
- CMC Markets Plc is a publicly traded company on the London Stock Exchange
- Built-in negative balance protection
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
Comparison by Categories
Comprehensive Comparison: CMC Markets vs Saxo Bank
CMC Markets Saxo Bank Investments
62 % 62 %| Investments | CMC Markets | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 158 | 182 |
| CFDs – Total Offered | 4500+ | 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 |
Cost
80 % 80 %| Cost | CMC Markets | Saxo Bank |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 0.8 | 2 |
| Deposit from | 1 | 2000 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | No | No |
| Deposit fees | No | No |
Trading app
14 % 14 %| Trading app | CMC Markets | Saxo Bank |
|---|---|---|
| Desktop Platform (Windows) | No | No |
| Web Platform | No | Yes |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
80 % 100 %| Trading Tools | CMC Markets | 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 | No | Yes |
| Order Type – Trailing Stop | No | Yes |
Research
50 % 83 %| Research | CMC Markets | Saxo Bank |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | No | Yes |
| Research | No | Yes |
Education
33 % 67 %| Education | CMC Markets | 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 |
Forex
100 % 100 %| Forex | CMC Markets | 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 |
Commodities
27 % 36 %| Commodities | CMC Markets | Saxo Bank |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | 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 |
Indicies
60 % 100 %| Indicies | CMC Markets | Saxo Bank |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | No | Yes |
| Nikkei | No | Yes |
Cryptocurrencies
20 % 0 %| Cryptocurrencies | CMC Markets | 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 |
Regulations
33 % 50 %| Regulations | CMC Markets | 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 |
Support
100 % 100 %| Support | CMC Markets | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
36 % 45 %| Overall | CMC Markets | Saxo Bank |
|---|
Our Recommendations
Best for Saxo Bank
Thanks to comprehensive educational materials and a user-friendly platform, Saxo Bank is an ideal choice for new traders.
Best Platform
Both brokers offer excellent trading platforms with similar features and user-friendliness.
Lowest Costs
Both brokers have comparable fee structures and spreads.
CMC Markets Saxo Bank