Compare FXCM vs Saxo Bank


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

FXCM vs Saxo Bank
overall rating
4.2
4.8
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High quality educational content
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor website trading platform
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
3.8
  • Low trading fees
  • No withdrawal fee
  • High AUDUSD trading fee
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Account opening time slower than at most forex brokers
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Slow withdrawal - over 3 days
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
1.0
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
1.4
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
4.5
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
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
  • Banking background
  • Negative balance protection
  • 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 traders looking for easy account opening, funding, and withdrawal Investors and traders looking for a great trading platform and solid research
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