Saxo Bank vs. FP Markets

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

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

FP Markets logo

FP Markets

Open account Read review

75.31% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
FP Markets logo

Overall rating

4,9/5

4,5/5

Overall rating

4,9/5

4,5/5

Trading Platform & Tools

4.9

4.5

See details
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

4.7

4.8

See details
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 0.1
Stocks & ETF 0.08% with $1 min. commission on US stocks 0
CFD (Gold) $0.60 0.2 pips
Crypto 0 0
Options $0.75 0
Conversion Fees 0,75% 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

4.5

See details
Minimum deposit (in UAE) $5000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

3.1

See details
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.8

See details
Email
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:  

  1. Saxo Bank offers VIP services, tools, and trading platforms. 
  2. FP Markets has competitive spreads and valuable educational tools. 
  3. 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. 

Saxo Bank compared to other brokers:

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