Compare Saxo Bank Vs FIBOGroup: Which is the Better Forex Broker in 2024?
Saxo Bank Vs FIBOGroup, 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 Saxo Bank Vs FIBOGroup, here is the direct comparison:
Compare | Saxo Bank | FIBOGroup |
General Rating |
1.00/5 |
2.52/5 |
Score | ||
Trustpilot |
3.7/5 5435 users |
4.2/5 15 users |
πΌ Regulation | ||
β Info | ||
β Established | 1992 | 1998 |
π² Min Deposit | $2000 | $1 |
β Max Leverage | 1:200 | 1:1000 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $3 | |
π‘ Min Position | 0.05 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Local bank transfer, FasaPay, Crypto, Ethereum, Crypto Cash, Ripple, Tether (USDT) and Perfect Money |
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 | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese | Arabic, German, English, Spanish, Persian, Indonesian, Russian, Chinese, Italian, Polish, Portuguese, Thai, Turkish, Ukrainian, Vietnamese |
πͺ Trade Now | Open Saxo Bank | Open FIBOGroup |
Compare Again
Testimonials
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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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FIBOGroup: Fibo review
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FIBOGroup: Fast deposit and withdrawal is always good. All the money...
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FIBOGroup: This broker is honest and comprehensive. They accepted my payment...
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FIBOGroup: They have a really slow customer support, and it can...
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FIBOGroup: Stay away from this. I lost money due to MT4...
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See More Saxo Bank Testimonials
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See More FIBOGroup Testimonials
News
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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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Saxo Bank Hires Head of Go-to-Market for MENA, UK, and Switzerland
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Saxo Bank Selling Stakes to Geely Group
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Saxo Bank Japan Relocates to Izumi Garden Tower
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Saxo Bank Client Assets Soar to Over USD100 Billion
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See More Related Saxo Bank News
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See More Related FIBOGroup News
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- Comparison List
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, Saxo Bank provides their pricing with Fixed spread while FIBOGroup offers Variable spread.
Saxo Bank vs FIBOGroup: 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, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FIBOGroup provides trading with MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity), cTrader (Limited with 60 days of inactivity) with the support of One-click trading, Trailing stop, Pending orders.
Is Saxo Bank or FIBOGroup 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, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Crypto, while FIBOGroup presents the ability of trading with Forex, Gold & silver, CFD, Oil, Futures, 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 Saxo Bank and FIBOGroup:
- Compare Saxo Bank vs Axi
- Compare Saxo Bank vs ThinkMarkets
- Compare Saxo Bank vs RoboForex
- Compare FIBOGroup vs eToro
- Compare FIBOGroup vs LiteFinance
- Compare FIBOGroup vs ADSS
For more comparisons, visit this page.