FXTM
Saxo Bank
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
In the FXTM vs Saxo Bank broker comparison, the key difference lies in their target audience and trading platforms. FXTM, with a rating of 3.59/5, appeals to beginner and cost-conscious traders due to its very low minimum deposit of $10 and support for popular platforms MT4 and MT5. In contrast, Saxo Bank, rated 4/5, caters to experienced and professional traders seeking a comprehensive range of over 40,000 instruments and advanced proprietary trading platforms, though it requires a substantial $2,000 minimum deposit. While FXTM offers high leverage up to 1:2000, which may be risky for novices, Saxo Bank provides a more conservative leverage of 1:200, underlining its focus on seasoned investors.
FXTM
Saxo Bank
| FXTM | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.0/5 ✓ |
| Min. Deposit | $10 ✓ | $2000 |
| Spread from | 0.1 pips ✓ | 0.4 pips |
| Max Leverage | 1:2000 ✓ | 1:200 |
| Regulation | FCA, CySEC, FSCA | FCA, MAS, ASIC |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.6/5 on BrokerRank's independent rating. On fees, FXTM offers lower spreads (0.1 pips).
See full side-by-side comparison belowFXTM
Saxo Bank
WinnerFXTM
Saxo Bank
FXTM
3.6/5
Choose FXTM if you want…
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Saxo Bank scores higher overall on our independent rating system. FXTM holds a 3.6/5 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.
FXTM offers spreads from 0.1 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
FXTM requires a minimum deposit of $10. Saxo Bank requires $2000.
FXTM is regulated by FCA, CySEC, FSCA, while Saxo Bank holds licences from FCA, MAS, ASIC.
FXTM supports MT4, MT5. 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.