Page Summary
Saxo Bank and CMC Markets are top online brokers with excellent trading experiences. Saxo Bank offers premium services and trading platforms. It has transparent fees and top-tier trading tools. Saxo Bank has licenses from the ASIC, FSA, SFC, MAS, FCA, and FINMA. It is a top choice for active traders of all levels of experience.
Select up to 3 Brokers
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
CMC Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | £10 |
| Forex (EUR/USD) | 1 | 0.7 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 3.4 pips |
| Crypto | 0 | 0 |
| Options | $0.75 | 0 |
| Conversion Fees | 0,75% | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 0 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 0 |
| Futures | 300 | 0 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 330 |
| CFD Indices & Funds | 50 | 98 |
| CFD Stocks | 19.000 | 9500 |
| CFD Commodities | 50 | 100 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 50 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
CMC Markets is an online forex broker with licenses from the IIROC, MAS, FCA, and ASIC. It offers an active trader discount to professional traders. CMC Markets is a good fit for new traders as it has powerful learning tools.
Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and CMC Markets.
Top findings from the Saxo Bank vs. CMC Markets review:
- Saxo Bank provides premium trading services with professional platforms and social trading tools.
- CMC Markets has a versatile assets portfolio and a reliable learning center for beginners.
- Both brokers offer a virtual trading account and 9,000+ CFDs.
We recommend Saxo Bank for experienced investors because of its premium services. CMC Markets is the better choice for new traders, as it has comprehensive learning and research tools.
Level of experience
Professional traders choose Saxo Bank as it has premium trading platforms and tools. It offers professional trading videos and advanced research tools. Saxo Bank has some beginner-friendly tools, including forex education and training videos.
CMC Markets has market data from third-party sources, including Morningstar. It has in-house analysts who provide insights through its web interface. CMC Markets is a top choice for new traders. It has many learning tools, including real-time news, webinars, and forex education.
Fees
Saxo Bank has a minimum initial deposit of US$10,000, while CMC Markets doesn’t charge an initial deposit fee. The average EUR/USD spread at Saxo Bank is 0.8, while at CMC Markets is 0.74.
Assets
Saxo Bank has 170 forex currency pairs, while CMC Markets has 158 available pairs. CMC Markets offers 9852 CFDs, while Saxo Bank has 9000 available CFDs.
Trading platform
Saxo Bank has an impressive portfolio with premium desktop, web, and mobile trading platforms. It has a demo account and excellent research tools. Saxo Bank is a popular broker because of its impressive social trading services. We recommend it for active traders of all levels of experience.
CMC Markets offers a proprietary trading platform, Next Generation, and MetaTrader4. Its proprietary platforms are user-friendly and secure. Beginners receive news and research integration. CMC Markets provides many learning tools, including beginner tutorials and forex education.
Banking services
Banking services are essential for an excellent online trading experience. Saxo Bank offers bank wire and credit/debit card funding options. CMC Markets offers bank wire, credit/debit cards, and PayPal.
Final verdict
Saxo Bank and CMC Markets are the top online brokers. Both have advantages and disadvantages depending on your trading experience and style. We recommend Saxo Bank to active traders looking for premium services and discounts. CMC Markets is a better choice for new traders, as it has many learning and research tools.
Saxo Bank compared to other brokers:
- Saxo Bank review
- Saxo Bank vs AVAtrade
- Saxo Bank vs Pepperstone
- Saxo Bank vs XTB
- Saxo Bank vs eToro
- Saxo Bank vs Interactive Brokers
- Saxo Bank vs Forex.com
- Saxo Bank vs Plus500
- Saxo Bank vs VT Markets
- Saxo Bank vs HYCM
- Saxo Bank vs Vantage FX
- Saxo Bank vs OandA
- Saxo Bank vs IC Markets
- Saxo Bank vs TD Ameritrade
- Saxo Bank vs CMC Markets
- Saxo Bank vs Tickmill
- Saxo Bank vs IG
- Saxo Bank vs City Index
- Saxo Bank vs Swissquote
- Saxo Bank vs Fp Markets
- Saxo Bank vs Fx Pro
- Saxo Bank vs FXCM
- Saxo Bank App
- Saxo Bank Minimum Deposit
- Saxo Bank Fees Explained
- Is Saxo Bank Legit?
- Saxo Bank Account Opening
- Saxo Bank Customer Service
- Is Saxo Bank Free?
- Is Saxo Bank Good For Beginners?
- How to Buy/Sell Silver On Saxo Bank
- Can You Trade Options At Saxo Bank?