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Saxo Bank vs Fusion Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Saxo Bank

Saxo Bank

VS
Fusion Markets

Fusion Markets

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

ECN broker

Years of Existence / Established Year

1992

2017

Customer Base / Number of Accounts

1 million+ clients

No information


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Regulation & Security

Regulations (governing bodies)

FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID

ASIC, VFSC, and FSA

Awards Won (count for the last 2 years)

Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023

Best MetaTrader Broker, Lowest Spread Forex Broker, Lowest Commission Forex Broker in 2023, 2024

Security Measures

Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor

No

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes* Restriction for some regions


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

over 71,000 financial instruments including Turbos

12+ metals including energies, US shares CFDs

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

No

Stocks

Yes

No

Options

Yes

No

Futures

Yes

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

Yes

cTrader

No

Yes

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Saxo investor, SaxoTrader GO, SaxoTrader PRO

No

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Saxo account, Joint account, Corporate account, Professional account

Zero, Classic, Swap free accounts

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$0

Leverage Available

1:50-1:100

10:1- 500:1

Trade Limit (maximum per trade)

Depends on the assets class

50,000,000 USD

Commission (per account type)

$0

Zero account- $4.5, Classic account -$0

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Beginners and active traders


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Deposit & Withdrawal Options

Deposit Methods

VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card

Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets

Withdrawal Methods

Telegraphic Transfer, MEPS

Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets

Other E-Wallets Supported

No

Skrill, Neteller, PayPal, Sticpay, FasaPay, Perfect Money, JetonCash, AstroPay, PayID, Doku Wallet


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis

Trading Education, Market Analysis, Webinars, Video Tutorials, Trading Guides and eBooks, Market Insights and News


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Fees & Commissions

Trading-Related Fees

Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips

Commission- $2.25 per side, Spread starts from 0.0 pips

Spread (typical, fixed, variable)

Variable

Fixed and variable spreads

Per Lot Fees

NA

$4.50

Options Contract Fees

$0.75

NA

Futures Contract Fees

$1

NA

Markup Fees on Spread

NA

0.0 pip

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

1:1000

500:1


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

NA

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

Yes

$0

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

NA

Deposit Fee

Plus or minus 0.25%

$0

Currency Conversion Fee

$0

$0

Withdrawal Fee

$0 bank fees may apply

International wire transfers $20 to $30.


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Varies by product


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24/7

Customer Support Methods (phone, email, live chat)

Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat

E-mail: [email protected], Phone: +61 3 8376 2706, Live chat

Support Languages

24+

12+


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Additional Information

Headquarters Location

Copenhagen, Denmark

Govant Building,BP 1276 Port Vila,Vanuatu.

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
While Saxo Bank maintains low trading fees with no minimum deposit, Fusion Markets includes some charges for premium features and certain asset trades, making Saxo Bank the better option for budget-focused traders.
Saxo Bank offers a quick and paperless account setup that appeals to traders on the go, whereas Fusion Markets more involved onboarding process adds an extra layer of safety and regulatory checks.
Saxo Bank integrates well with algorithmic trading tools and third-party plugins. In contrast, Fusion Markets emphasizes educational content and built-in research features within its platform.
Saxo Bank stands out for active traders with robust tools, while Fusion Markets suits investors seeking simplicity and ease of use.