FxPro
Saxo Bank
VS
Higher Rated
FxPro
Capital at risk · T&Cs apply
When comparing FxPro and Saxo Bank, traders will find distinct differences in their offerings and target audiences. FxPro, with its London headquarters and robust regulation, appeals to those who prioritise high leverage options and a lower minimum deposit, making it a suitable choice for retail traders seeking flexibility across forex and CFDs. In contrast, Saxo Bank, based in Copenhagen, is designed for experienced traders and professionals, offering an extensive range of over 40,000 instruments and a sophisticated trading platform, albeit with higher entry requirements and fees. While FxPro offers competitive spreads and no commission on trades, Saxo Bank provides a more comprehensive suite of real stocks and bonds, catering to those with a significant capital to invest.
FxPro
Saxo Bank
| FxPro | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 4.0/5 |
| Min. Deposit | $100 ✓ | $2000 |
| Spread from | 0.6 pips | 0.4 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:200 |
| Regulation | FCA, CySEC, ASIC | FCA, MAS, ASIC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
FxPro is the better choice overall, scoring 4.1/5 vs 4.0/5 on BrokerRank's independent rating. On fees, Saxo Bank offers lower spreads (0.4 pips).
See full side-by-side comparison belowFxPro
WinnerSaxo Bank
FxPro
Saxo Bank
FxPro is headquartered in London, UK and is regulated by multiple authorities including the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). This multi-jurisdictional oversight ensures a high level of client protection, including negative balance protection and segregation of client funds.
Saxo Bank, based in Copenhagen, Denmark, also carries a strong regulatory framework. It is regulated by the FCA in the UK, the Monetary Authority of Singapore (MAS), and ASIC. Saxo Bank offers clients additional security through its comprehensive fund protection schemes, ensuring client funds are held in segregated accounts, providing an extra layer of safety.
When it comes to fees and spreads, FxPro offers spreads starting from 0.6 pips with no commission on trades. The broker maintains a competitive edge with a low minimum deposit requirement of $100 and offers maximum leverage of 1:500. However, traders should be aware of the higher spreads on standard accounts, which might affect trading costs over time.
Conversely, Saxo Bank provides spreads starting from 0.4 pips but charges a commission of 0.08%. The minimum deposit for Saxo Bank is significantly higher at $2,000, and the maximum leverage offered is 1:200. While Saxo Bank provides a professional-grade trading environment, its fee structure and high minimum deposit may not be ideal for all traders, especially those with smaller accounts.
FxPro supports popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside its own proprietary web and mobile platforms. This variety caters to both traditional forex traders and those looking for a tailored trading experience. Saxo Bank, on the other hand, offers its renowned proprietary trading platforms SaxoTraderGO and SaxoTraderPRO, which are particularly well-suited for professional traders due to their advanced tools and extensive market access.
For beginners, FxPro is the preferable choice due to its lower minimum deposit and user-friendly platforms. Professional traders may find Saxo Bank more appealing for its advanced trading tools and broad market access. In terms of fees, FxPro offers a more cost-effective option for traders with smaller accounts.
FxPro
4.1/5
Choose FxPro if you want…
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
FxPro scores higher overall on our independent rating system. FxPro holds a 4.1/5 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.
FxPro offers spreads from 0.6 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
FxPro requires a minimum deposit of $100. Saxo Bank requires $2000.
FxPro is regulated by FCA, CySEC, ASIC, while Saxo Bank holds licences from FCA, MAS, ASIC.
FxPro supports MT4, MT5, 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.