Compare FXCM Vs Saxo Bank: Which is the Better Forex Broker in 2024?
FXCM 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 FXCM Vs Saxo Bank, here is the direct comparison:
Compare | FXCM | Saxo Bank |
General Rating |
2.43/5 |
1.00/5 |
Score | ||
Trustpilot |
2.7/5 44 users |
3.7/5 5545 users |
πΌ Regulation | ||
β Info | ||
β Established | 1999 | 1992 |
π² Min Deposit | $1 | $2000 |
β Max Leverage | 1:400 | 1:200 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | $4 | |
π‘ Min Position | 0.01 lot | 0.05 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards and Neteller | Wire transfer and Credit/debit cards |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, Greek, English, Spanish, French, Italian, Hebrew, Portuguese, Swedish, Chinese | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese |
πͺ Trade Now | Open FXCM | Open Saxo Bank |
Compare Again
Testimonials
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FXCM: Genuine Trading Tips
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FXCM: nice broker
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FXCM: I wonder how I got so many phone call after...
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FXCM: They never accept my account and when I ask for...
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FXCM: First, the price is far, very far from the real...
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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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See More FXCM Testimonials
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See More Saxo Bank Testimonials
News
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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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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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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Saxo Bank Forex Broker Unveils Saxo Options Talk Podcast
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FXCM New Vice President and CFO Take the Helm at Tradu Platform
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FXCM UK Records a 11.2 Percent Drop in Revenue
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FXCM UK and Cyprus Subsidiaries Undergo Name Changes
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See More Related FXCM News
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See More Related Saxo Bank News
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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, FXCM provides their pricing with Fixed spread while Saxo Bank offers Fixed spread.
FXCM 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, FXCM enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader. The offer is supported with One-click trading, Trailing stop, 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 FXCM 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, FXCM supports trading with Forex, CFD, Stocks, Agriculture, Gold & silver, Oil, Indexes, Spread betting, Crypto, 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.
Looking for more references? Here are other comparisons related to FXCM and Saxo Bank:
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- Compare FXCM vs FBS
- Compare Saxo Bank vs easyMarkets
- Compare Saxo Bank vs InstaForex
- Compare Saxo Bank vs Blueberry Markets
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