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

Broker Name

Saxo Bank

FXCM

Broker Overview

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

STP broker

Market maker

Years of Existence / Established Year

1992

1999

Customer Base / Number of Accounts

1 million+ clients

No information

Regulation & Security

Regulations (governing bodies)

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

FCA, CySEC, ASIC, FSCA, ISA

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 In Class 2024 - ForexBrokers.com

Security Measures

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

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

over 71,000 financial instruments including Turbos

10,000+ trading instruments shares

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Saxo investor, SaxoTrader GO, SaxoTrader PRO

Trading station, Trading View Pro

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Saxo account, Joint account, Corporate account, Professional account

Standard, Active trading, Spread betting, Professional

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$50

Leverage Available

1:50-1:100

30:1 to 1000:1

Trade Limit (maximum per trade)

Depends on the assets class

50 million per trade

Commission (per account type)

$ 4 / lot

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

Beginners to experienced traders

Active and experienced traders

Deposit & Withdrawal Options

Deposit Methods

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

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Withdrawal Methods

Telegraphic Transfer, MEPS

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Other E-Wallets Supported

Skrill, Neteller, Google pay, Apple pay

Tools & Educational Resources

Economic Calendar

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

Education, Trading Guides, Trading Tools, Research

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

Spread- 1.3 pips

Spread (typical, fixed, variable)

Variable

Typical

Per Lot Fees

Options Contract Fees

$0.75

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:1000

1000:1

Non-Trading Fees

Dormant Fees

$50

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

Advisory Fees

$30

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$25

Deposit Fee

Plus or minus 0.25%

Currency Conversion Fee

Withdrawal Fee

$0 bank fees may apply

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Varies by product

Customer Support

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

24/5

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

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

Support Languages

24+

Additional Information

Headquarters Location

Copenhagen, Denmark

London, United Kingdom

Complaints (for crypto brokers)

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.

Saxo Bank stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, FXCM offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Account approval at Saxo Bank is usually completed within hours, often with automated ID checks. FXCM might take longer due to manual reviews, but provides in-depth onboarding support along the way.

If you're trading on-the-go, Saxo Bank mobile platform is fluid and intuitive. FXCM desktop and web apps are more robust, making them suitable for in-depth trading sessions.

Saxo Bank is geared toward frequent trading and analytics, while FXCM fits those who value simplicity and guided experiences.

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