Compare Saxo Bank vs XM

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

Saxo Bank vs XM
open account	Visit broker	Visit broker 69.10% of retail CFD accounts lose money
overall rating	4.8	4.4
overall pros	Great trading platform Outstanding research Broad product portfolio	Low CFD and withdrawal fees Easy and fast account opening Great educational tools
overall cons	High bond, options and futures fees High minimum deposit Lacks live chat and 24/7 availability	Only CFDs, forex, cryptos for Europeans Average forex fees Inactivity fee
fees	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	3.8 Low CFD fees No withdrawal fee Inactivity fee Average FX fees
account opening	2.6 Fully digital User-friendly Available in almost every country Minimum deposit is high in certain countries Relatively slow account verification	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.8 Credit/Debit card available Free withdrawal No deposit fee Electronic wallets are not available for deposit or withdrawal	5.0 Credit/Debit card available Free withdrawal No deposit fee Free wire withdrawal above $200
web trading platform	5.0 User-friendly Clear fee report Two-step (safer) login	2.8 Clear fee report Good customizability (for charts, workspace) No price alerts Outdated design
mobile trading platform	5.0 User-friendly Two-step (safer) login Good search function	3.8 User-friendly Good search function Price alerts No Touch/Face ID login No order confirmation
desktop trading platform	5.0 User-friendly Clear fee report Good customizability (for charts, workspace)	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts Outdated design Search function could be improved
markets and products	5.0 Stock ETF Forex Fund Bond Options Futures CFD Crypto SaxoSelect	2.9 Stock Forex CFD Crypto
research	5.0 Good interactive chart Trading ideas Data on asset fundamentals Most fundamental data is not free of charge	3.8 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	4.0 Phone support Relevant answers No live chat No 24/7 support	3.5 Phone support Live chat Fast response time No 24/7 phone support
education	4.5 Demo account Trading platform tutorial Educational videos No educational articles	4.5 Demo account Trading platform tutorial Educational videos
safety	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	Negative balance protection Regulated by the top-tier ASIC Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Investors and traders looking for a great trading platform and solid research	Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees

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