ForexTime vs. Saxo Bank
Comparison: ForexTime vs. Saxo Bank – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: ForexTime with an overall rating of 46%
Basic information
| Basic information |  ForexTime |  Saxo Bank |
|---|---|---|
| Deposit | 200 EUR/USD | 2000 EUR/USD |
| Spreads | 1.5 EUR/USD | 2 EUR/USD |
| Established | 2011 | 1992 |
| Currency Pairs (Total Forex pairs) | 35 | 182 |
| Country | Cyprus | Denmark, UK |
| Regulation | FCA (UK), Cysec | FCA (UK), ASIC (Australia), Cysec |
| Trading app | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Web Platform |
| Number of CFD asset classes | 6 | 5 |
| Broker type | ECN, STP | ECN, STP |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, Visa/Mastercard, Bank Wire, WebMoney | * 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
In terms of overall rating, both brokers are equal – both have 46%. ForexTime requires a minimum deposit of 200 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, ForexTime is more welcoming to traders with smaller budgets. For ForexTime, the spread is 1.5 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make ForexTime a more advantageous choice. ForexTime offers 35 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. ForexTime was founded in 2011, 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 ForexTime lacks it. ForexTime is overseen by 2 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. ForexTime supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives ForexTime the lead.
46%
ForexTime
45%
Saxo Bank
Key Strengths
ForexTime
- Strong educational materials: FXTM provides a wide range of educational materials that can help traders improve their skills and understanding of the markets.
- Flexible account types: The platform offers various account types, allowing traders to choose the right option according to their needs and preferences.
- Dedicated account representative: FXTM provides each client with a dedicated account representative who can assist with any questions or issues.
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: ForexTime vs Saxo Bank
ForexTime Saxo Bank Investments
75 % 62 %| Investments | ForexTime | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 35 | 182 |
| CFDs – Total Offered | 250+ | 201+ |
| Options CFD | No | No |
| Share CFDs | Yes | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | No |
| Cryptocurrency traded as CFD | Yes | No |
Cost
80 % 80 %| Cost | ForexTime | Saxo Bank |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.5 | 2 |
| Deposit from | 200 | 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
29 % 14 %| Trading app | ForexTime | 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) | Yes | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
90 % 100 %| Trading Tools | ForexTime | 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 | No | Yes |
Research
50 % 83 %| Research | ForexTime | 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
67 % 67 %| Education | ForexTime | Saxo Bank |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
| Education | Yes | No |
Forex
100 % 100 %| Forex | ForexTime | 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
55 % 36 %| Commodities | ForexTime | Saxo Bank |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | No | No |
| Cocoa | No | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | Yes | No |
| Palladium | Yes | No |
Indicies
100 % 100 %| Indicies | ForexTime | Saxo Bank |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
30 % 0 %| Cryptocurrencies | ForexTime | Saxo Bank |
|---|---|---|
| Bitcoin | Yes | No |
| Litecoin | Yes | 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 | ForexTime | Saxo Bank |
|---|---|---|
| Cysec | Yes | Yes |
| ASIC (Australia) | No | 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 | ForexTime | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
46 % 45 %| Overall | ForexTime | 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 ForexTime
The trading platform of broker ForexTime offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
ForexTime Saxo Bank