XM
Saxo Bank
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
Compare XM and Saxo Bank side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
XM
Saxo Bank
| XM | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 4.0/5 ✓ |
| Min. Deposit | $5 | $2000 ✓ |
| Spread from | 0.6 pips | 0.4 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:200 |
| Regulation | CySEC, ASIC, FCA | FCA, MAS, ASIC |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.9/5 on BrokerRank's independent rating. On fees, Saxo Bank offers lower spreads (0.4 pips).
See full side-by-side comparison belowXM
Saxo Bank
WinnerXM
Saxo Bank
XM scores 3.92/5 while Saxo Bank scores 4.00/5 in our independent rating.
Saxo Bank edges ahead overall, but XM may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
XM
3.9/5
Choose XM if you want…
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Saxo Bank scores higher overall on our independent rating system. XM holds a 3.9/5 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.
XM offers spreads from 0.6 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Saxo Bank requires $2000.
XM is regulated by CySEC, ASIC, FCA, while Saxo Bank holds licences from FCA, MAS, ASIC.
XM supports MT4, MT5, 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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BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.