Compare XTB Vs Saxo Bank: Which is the Better Forex Broker in 2024?
XTB Vs Saxo Bank, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between XTB Vs Saxo Bank, here is the direct comparison:
Feature | XTB | Saxo Bank |
General Rating |
2.34/5 |
1.00/5 |
|
Score | 64 | 50 | |
Trustpilot |
3.8/5 1041 users |
3.7/5 5592 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2002 | 1992 | |
💲 Min Deposit | $0 | $2000 | |
⚖ Max Leverage | 1:30 | 1:200 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | |||
💡 Min Position | 0.01 lot | 0.05 lot |
💳 Payment | PayPal, Skrill, Wire transfer, Credit/debit cards and Neteller | Wire transfer and Credit/debit cards | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, English, Spanish, French, Hungarian, Italian, Portuguese, Slovenian, Turkish, Chinese | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese |
🚪 Trade Now | Open XTB | Open Saxo Bank |
Testimonials
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XTB: I have problem with withdrawal process. They keep coming up...
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XTB: Very good presentation as always and informative. Good, friendly and...
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XTB: The customer support helped me through the account opening process...
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XTB: Sessions on trading classes should be longer to have more...
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XTB: Poor execution, very high slippage. Platform freezing is very common.
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XTB: I have problem with withdrawal process. They keep coming up...
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XTB: Very good presentation as always and informative. Good, friendly and...
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XTB: The customer support helped me through the account opening process...
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XTB: Sessions on trading classes should be longer to have more...
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XTB: Poor execution, very high slippage. Platform freezing is very common.
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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XTB: I have problem with withdrawal process. They keep coming up...
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See More XTB Testimonials
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See More Saxo Bank Testimonials
News
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Polish Fintech Giant XTB Expands to Indonesia
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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XTB UK Sees Client Boom: Active Users Up 90% in 2023
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XTB Launches Crypto ETNs amid Bitcoin ETF Demand Surge
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XTB Sets Sights on £400 Billion UK Market with Upcoming ISA Application
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Saxo Bank Sees 23% Drop in FX Volume for January
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XTB Forex Broker Boosts UK ETF Investments with New Auto-Invest Feature
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Saxo Bank Implements Fee Reductions, Slashing Costs for Clients
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Saxo Bank Forex Broker Concludes 2023 with Impressive Trading Volumes
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, XTB provides their pricing with Variable spread while Saxo Bank offers Fixed spread.
XTB vs Saxo Bank: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, XTB enables trading with MetaTrader 4, xStation. The offer is supported with Pending orders. In comparison, Saxo Bank provides trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days) with the support of One-click trading, Trailing stop, Pending orders.
Is XTB or Saxo Bank better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, XTB supports trading with Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Soft commodities, Metals, Energies, while Saxo Bank presents the ability of trading with Forex, Gold & silver, CFD, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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