Compare CMC Markets vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how CMC Markets stacks up against Saxo Bank!

CMC Markets vs Saxo Bank
overall rating
4.6
4.8
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
3.5
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
account opening
4.1
  • Fully digital
  • No minimum deposit
  • Complicated account verification
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
4.8
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
2.2
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for an advanced trading platform with many research tools Investors and traders looking for a great trading platform and solid research
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