Online brokers compared for fees, trading platforms, safety and more. See how Saxo Bank stacks up against XM!
Last update of data—Dec 2022
Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority).
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for investors and traders looking for a great trading platform and solid research.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Saxo Bank
Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority).
Recommended for investors and traders looking for a great trading platform and solid research.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
Saxo Bank's service is on par with XM's and a comparison of their fees shows that Saxo Bank's fees are higher than XM's.
Account opening takes somewhat more effort at Saxo Bank compared to XM, deposit and withdrawal processes are about the same quality at Saxo Bank, while customer service quality is somewhat lower than XM's.
Our experts rated the trading platform of Saxo Bank as better than the platform of XM, found that clients have access to much more markets and products with Saxo Bank, while XM provides somewhat lower-quality research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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