FXOpen vs. Saxo Bank
Comparison: FXOpen vs. Saxo Bank – Which broker is better? A quick comparison based on the trading platform, fees, deposit or withdrawal options, and regulation in 2026.
Winner of this comparison: Saxo Bank with an overall rating of 45%
Basic information
| Basic information |  FXOpen |  Saxo Bank |
|---|---|---|
| Deposit | 100 EUR/USD | 2000 EUR/USD |
| Spreads | 1 EUR/USD | 2 EUR/USD |
| Established | 2005 | 1992 |
| Currency Pairs (Total Forex pairs) | 95 | 182 |
| Country | UK, Australia | Denmark, UK |
| Regulation | FCA (UK), ASIC (Australia) | FCA (UK), ASIC (Australia), Cysec |
| Trading app | MetaTrader 4 (MT4), Desktop Platform (Windows), MetaTrader 5 (MT5) | 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.
75% of retail investor accounts lose money when trading CFDs with this provider.
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 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.
36%
FXOpen
45%
Saxo Bank
Key Strengths
FXOpen
- Micro accounts from just 1 USD allow starting with minimal capital
- Support for MetaTrader 4 and 5 - the standard among traders
- Free demo accounts for practicing strategies
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: FXOpen vs Saxo Bank
FXOpen Saxo Bank Investments
62 % 62 %| Investments | FXOpen | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 95 | 182 |
| CFDs – Total Offered | 110+ | 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 | FXOpen | Saxo Bank |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1 | 2 |
| Deposit from | 100 | 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
43 % 14 %| Trading app | FXOpen | Saxo Bank |
|---|---|---|
| Desktop Platform (Windows) | Yes | 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
100 % 100 %| Trading Tools | FXOpen | 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 | Yes | Yes |
Research
33 % 83 %| Research | FXOpen | Saxo Bank |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | No | Yes |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | No | Yes |
| Research | No | Yes |
Education
33 % 67 %| Education | FXOpen | 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 | FXOpen | 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
0 % 36 %| Commodities | FXOpen | Saxo Bank |
|---|---|---|
| Gold | No | Yes |
| Silver | No | Yes |
| WIT Oil | No | 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 | FXOpen | 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 | FXOpen | 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 | FXOpen | 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 | FXOpen | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
36 % 45 %| Overall | FXOpen | 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 FXOpen
The trading platform of broker FXOpen offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
FXOpen Saxo Bank