FXCM
Saxo Bank
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
In the "FXCM vs Saxo Bank" broker comparison, both brokers offer compelling features but cater to different types of traders. FXCM, with a rating of 3.66/5, appeals to cost-conscious traders who prefer low spreads and a minimal initial deposit, making it ideal for beginners and those interested in forex and CFDs. On the other hand, Saxo Bank, rated 4/5, targets experienced traders seeking a comprehensive range of over 40,000 instruments and access to professional-grade platforms, although it requires a significantly higher minimum deposit. The key difference lies in their product range and accessibility, with FXCM focusing on lower barriers to entry and Saxo Bank providing extensive market access and sophisticated trading tools.
FXCM
Saxo Bank
| FXCM | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.0/5 ✓ |
| Min. Deposit | $50 | $2000 ✓ |
| Spread from | 0.2 pips ✓ | 0.4 pips |
| Max Leverage | 1:400 ✓ | 1:200 |
| Regulation | FCA, ASIC | FCA, MAS, ASIC ✓ |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowFXCM
WinnerSaxo Bank
FXCM
Lower feesSaxo Bank
FXCM
3.7/5
Choose FXCM if you want…
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Saxo Bank scores higher overall on our independent rating system. FXCM holds a 3.7/5 rating vs Saxo Bank's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FXCM offers spreads from 0.2 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. Saxo Bank requires $2000.
FXCM is regulated by FCA, ASIC, while Saxo Bank holds licences from FCA, MAS, ASIC.
FXCM supports MT4, Proprietary Web, Proprietary Mobile. Saxo Bank supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.