Saxo Bank vs FXTM 2026: Which Broker is Better?
Choosing between Saxo Bank and FXTM depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while FXTM operates from Limassol, Cyprus. Saxo Bank has the longer track record, established in 1992, compared to FXTM which was founded in 2011. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Saxo Bank
FXTM
| Saxo Bank | FXTM | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.6/5 |
| Min. Deposit | $2000 | $10 ✓ |
| Spread from | 0.4 pips | 0.1 pips ✓ |
| Max Leverage | 1:200 | 1:2000 ✓ |
| Regulation | FCA, MAS, ASIC | FCA, CySEC, FSCA |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5 |
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 belowSaxo Bank vs FXTM: Key Differences
Saxo Bank
WinnerFXTM
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Fees Comparison
Saxo Bank
FXTM
Regulation & Trust
Saxo Bank holds licences from FCA, MAS, ASIC. FXTM is regulated by FCA, CySEC, FSCA.
Markets & Assets
Both brokers offer access to Stocks, Forex, Cfd, Indices, Commodities markets.
Fees & Spreads
On spreads, FXTM is more competitive with EUR/USD spreads from 0.1 pips, compared to 0.4 pips at Saxo Bank.
Trading Platforms
Saxo Bank supports Proprietary Web, Proprietary Mobile. FXTM offers MT4, MT5.
Minimum Deposit
Saxo Bank requires a minimum deposit of $2,000, while FXTM sets a minimum deposit of $10. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores Saxo Bank at 4.00/5 and FXTM at 3.59/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
- Higher overall rating (4.0/5)
- More established (est. 1992)
FXTM
3.6/5
Choose FXTM if you want…
- Tighter spreads (from 0.1 pips)
- Lower minimum deposit ($10)
- Higher leverage (up to 1:2000)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Saxo Bank & FXTM are available in
Frequently Asked Questions
1Is Saxo Bank better than FXTM?
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs FXTM's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Saxo Bank or FXTM?
Saxo Bank offers spreads from 0.4 pips, while FXTM starts at 0.1 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Saxo Bank vs FXTM?
Saxo Bank requires a minimum deposit of $2000. FXTM requires $10.
4Which broker is safer, Saxo Bank or FXTM?
Saxo Bank is regulated by FCA, MAS, ASIC, while FXTM holds licences from FCA, CySEC, FSCA.
5What trading platforms do Saxo Bank and FXTM support?
Saxo Bank supports Proprietary Web, Proprietary Mobile. FXTM supports MT4, MT5.
6Can I use both Saxo Bank and FXTM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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