Saxo Bank vs. FXCM

Comparison: Saxo Bank vs. FXCM – 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: FXCM with an overall rating of 52%

Saxo Bank vs. FXCM
Saxo Bank
FXCM

Basic information

Deposit
2000 EUR/USD
50 EUR/USD
Spreads
2 EUR/USD
1 EUR/USD
Established
1992
1999
Currency Pairs (Total Forex pairs)
182
20
Country
Denmark, UK
Germany
Regulation
FCA (UK), ASIC (Australia), Cysec
FCA (UK), Authorised in the European Union (EU), ASIC (Australia), Cysec
Trading app
Web Platform
Desktop Platform (Windows), Web Platform, Social Trading / Copy-Trading
Number of CFD asset classes
5
7
Broker type
ECN, STP
MM
Support
Phone, Mail, Chat
Phone, Mail
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. Skrill, GiroPay, Qiwi, FasaPay, UnionPay, BitPay, Klarna, PaySafeCard, PayPal, Advcash, Cryptocurrencies, Poli, WebMoney
Real Stocks and ETFs
Yes
Yes

*The value is indicative from the broker's website. The spread amount is variable.

Comparison Result

If you don’t want to read the full comparison, the winner of our review is FXCM, which takes the lead with a rating of 52%, while Saxo Bank only reaches 45%. Saxo Bank requires a minimum deposit of 2000 EUR/USD, while FXCM sets it at 50 EUR/USD. Conversely, FXCM scores with a lower minimum deposit. For Saxo Bank, the spread is 2 EUR/USD, while for FXCM it is 1 EUR/USD. Lower spreads at FXCM give it the edge. Saxo Bank offers 182 forex pairs, while FXCM provides 20. A wider selection gives Saxo Bank the advantage. Saxo Bank was founded in 1992, while FXCM has been operating since 1999. The longer tradition of Saxo Bank means greater experience. Both brokers allow trading with real stocks. Saxo Bank is overseen by 3 regulatory bodies, while FXCM has 4. Stricter oversight at FXCM gives it an advantage. Saxo Bank supports 1 platforms, while FXCM offers 3. More options are provided by FXCM.
45%
Saxo Bank
52%
FXCM

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.

Comparison by Categories

  1. Investments 62 88
  2. Cost 80 20
  3. Trading app 14 43
  4. Trading Tools 100 60
  5. Research 83 50
  6. Education 67 67
  7. Forex 100 100
  8. Commodities 36 36
  9. Indicies 100 80
  10. Cryptocurrencies 0 40
  11. Regulations 50 67
  12. Support 100 67
  13. Overall 45 52

Comprehensive Comparison: Saxo Bank vs FXCM

Saxo Bank
FXCM

Investments

62 % 88 %
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
Winner
No
No

Cost

80 % 20 %
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
No
No
Inactivity fee
Yes
Yes
Active Trader or VIP Discounts
No
Yes
Withdrawal fees
No
Yes
Deposit fees
No
Yes
Winner
No
No

Trading app

14 % 43 %
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
Winner
No
No

Trading Tools

100 % 60 %
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
Winner
No
No

Research

83 % 50 %
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
Winner
No
No

Education

67 % 67 %
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
Winner
No
No

Forex

100 % 100 %
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
Winner
No
No

Commodities

36 % 36 %
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
Winner
No
No

Indicies

100 % 80 %
DAX 40
Yes
No
S&P 500
Yes
Yes
Nasdaq
Yes
Yes
Dow Jones
Yes
Yes
Nikkei
Yes
Yes
Winner
No
No

Cryptocurrencies

0 % 40 %
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
Winner
No
No

Regulations

50 % 67 %
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
Winner
No
No

Support

100 % 67 %
Chat
Yes
No
Phone
Yes
Yes
Mail
Yes
Yes
Winner
No
No

Overall

45 % 52 %
Winner
No
No

Our Recommendations

Best for 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

offers competitive spreads and lower fees, making it ideal for active traders.

Saxo Bank FXCM