Page Summary
Saxo Bank and FP Markets are leading online brokers with top-tier licenses. Saxo Bank offers an impressive trading platform and market analysis. It has a transparent fee policy and active trading discounts. Saxo Bank is a safe broker with six top-tier licenses from the ASIC, FCA, SFC, FSA, MAS, and FINMA. We recommend it for active traders searching for premium services.
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| 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 | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | $3 per lot per trade + 0 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0.13 pips |
| CFD (Gold) | $0.60 | 0.13 pips |
| Crypto | 0 | 9.13 pips |
| Options | $0.75 | 0 |
| Conversion Fees | 0,75% | 0 |
| Misc. Fees | 0 | 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 | 63 |
| CFD Indices & Funds | 50 | 14 |
| CFD Stocks | 19.000 | 9000 |
| CFD Commodities | 50 | 10 |
| CFD Crypto | 0 | 4 |
| CFD Bonds | 0 | 2 |
| 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
FP Markets is a MetaTrader broker with competitive fees. It has one top-tier license from the ASIC and is not on a stock exchange. FP Markets has many educational tools, including beginner trading videos. We recommend it for beginning traders who want to improve their trading knowledge.
Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and FP Markets.
Top findings from the Saxo Bank vs. FP Markets review:
- Saxo Bank offers VIP services, tools, and trading platforms.
- FP Markets has competitive spreads and valuable educational tools.
- Both online brokers provide a virtual trading account for traders to test their offering.
Saxo Bank is a good choice for professional traders, as it has limited educational tools. We recommend FP Markets to all traders hat want access to useful trading information.
Level of experience
Saxo Bank offers excellent professional tools and some educational data. It has webinars, tutorials, professional consultation, and advanced research data. Saxo Bank is a top choice for experienced traders.
FP Markets offers versatile tools for both beginner and experienced traders. It has access to the MetaTrader suite and a virtual trading account. FP Markets has a dedicated learning center with forex education and beginner trading videos.
Fees
Saxo Bank has a high minimum initial deposit of US$10,000, while FP Markets charges $100 AUD. The average EUR/USD spread at Saxo Bank is 0.8, while at FP Markets is 1.14.
Assets
Saxo Bank has 170 forex currency pairs, while FP Markets has 61 available pairs. Saxo Bank provides access to 9000 CFDs, while FP Markets has 8908 available CFDs.
Trading platform
Saxo Bank has a comprehensive offer with desktop, web, and mobile trading platforms. These come with a demo account, charting tools, and watch lists. Saxo Bank offers social trading and MetaTrader4. We recommend it for active traders of all levels of experience.
FP Markets uses the entire MetaTrader suite. It offers competitive pricing and reliable learning tools. FP Markets is a top choice for both new traders and professional investors. It has many training tools, including charting and advanced trading videos.
Banking services
Banking services are essential for an excellent online trading experience. Saxo Bank offers bank wire and credit/debit card funding options. FP Markets has bank wire, credit/debit cards, PayPal and Skrill.
Final verdict
Saxo Bank and FP Markets are leading online brokers. Both have advantages and disadvantages, depending on your trading skills and needs. We recommend Saxo Bank for professional investors, as it has excellent tools and limited educational materials. FP Markets is a better choice for traders looking to improve their trading knowledge.
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