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City Index vs Saxo Bank : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
City Index
Saxo Bank
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
STP broker
Years of Existence / Established Year
1983
1992
Customer Base / Number of Accounts
1M + active customers
1 million+ clients
Regulation & Security
Regulations (governing bodies)
CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
Awards Won (count for the last 2 years)
Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall
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
Security Measures
FSCS
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
13,500+ assets types including Shares
over 71,000 financial instruments including Turbos
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
No
Cryptocurrencies
No
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
No
Yes
Options
Yes
Yes
Futures
No
Yes
Bonds
Yes
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
City Index mobile trading app
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Standard, MT4, Corporate account
Saxo account, Joint account, Corporate account, Professional account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
€100
$0
Leverage Available
30:1
1:50-1:100
Trade Limit (maximum per trade)
Depends on the assets class
Depends on the assets class
Commission (per account type)
€0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginner to experienced
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank transfer, credit card, debit card, e-wallets
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Withdrawal Methods
Bank transfer, credit card, debit card, e-wallets
Telegraphic Transfer, MEPS
Other E-Wallets Supported
Paypal
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
Fees & Commissions
Trading-Related Fees
UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
Spread (typical, fixed, variable)
Fixed and variable spreads
Variable
Per Lot Fees
NA
NA
Options Contract Fees
NA
$0.75
Futures Contract Fees
NA
$1
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
$0
NA
Maximum Leverage
30:1
1:1000
Non-Trading Fees
Dormant Fees
$15 monthly fee after 24 months of inactivity
$0
Subscription Fees (for premium features, data feeds)
NA
100 EUR per ISIN
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
NA
Deposit Fee
Credit/ debit card- 2%, others - €0
Plus or minus 0.25%
Currency Conversion Fee
Varies by instrument
$0
Withdrawal Fee
Bank fees may apply
$0 bank fees may apply
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
Varies by instrument
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
24/5
Customer Support Methods (phone, email, live chat)
Email: [email protected], Phone: 0800 060 8609, 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
Support Languages
6
24+
Additional Information
Headquarters Location
1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET
Copenhagen, Denmark
Complaints (for crypto brokers)
No
No
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