Page Summary
Saxo Bank and FxPro are leading online brokers with impressive online experiences. Saxo Bank has VIP services and tools. It offers a transparent fee structure and an active trader discount. Saxo Bank has licenses from the ASIC, FCA, SFC, FSA, MAS, and FINMA. It is a top choice for 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.
FXPro
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 | $5 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | 1.1 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 3.5 pips |
| Crypto | 0 | 0 |
| Options | $0.75 | 0 |
| Conversion Fees | 0,75% | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | $100 |
| 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 | 70 |
| CFD Indices & Funds | 50 | 42 |
| CFD Stocks | 19.000 | 2030 |
| CFD Commodities | 50 | 8 |
| CFD Crypto | 0 | 31 |
| CFD Bonds | 0 | 0 |
| 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
FxPro is a MetaTrader broker offering both MT4 and MT5 platforms. It has many account tiers, execution methods, and benefits. FxPro has an excellent learning center with written content and videos. It is an excellent fit for traders of all levels of experience who want to improve their trading knowledge.
This article discusses the strengths and weaknesses of Saxo Bank and FxPro.
Top findings from the Saxo Bank vs. FxPro review:
- Saxo Bank is a safe online broker with social trading tools and professional services.
- FxPro is a low-risk broker with access to the MetaTrader suite and a dedicated learning center.
- Both brokers offer a demo account to test their offering.
Saxo Bank is a top choice for active traders looking for premium tools and social trading. New traders choose FxPro because of its comprehensive learning materials.
Level of experience
Expert traders opt for Saxo Bank as it has premium account tiers, powerful platforms, and advanced tools. It has expert trading videos for professional investors. Saxo Bank has beginner-friendly tools, including forex education.
FxPro has a reliable learning center with beginner trading videos, forex education, and webinars. It offers insights from education leaders, including IG and FXCM. FxPro is an excellent choice for all traders who want to improve their trading skills and knowledge.
Fees
Saxo Bank has a minimum deposit fee of US$10,000, while FxPro charges $100. The average EUR/USD spread at Saxo Bank is 0.6, while at FxPro is 1.27. Both brokers offer an active trader discount.
Assets
Saxo Bank has 170 forex currency pairs, while FxPro has 70 available pairs. Saxo Bank provides 9000 CFDs, while FxPro has 187 available CFDs.
Trading platform
Saxo Bank has a premium portfolio with a web, desktop, and mobile trading platform. It offers a virtual trading account and professional research tools. Saxo Bank has social trading services and access to the MT4 suite. We recommend it for professional traders.
FxPro has a proprietary web platform, FxPro Edge, and access to MetaTrader and cTrader. It offers a demo account, reliable social trading tools, and learning materials. FxPro is a good choice for both beginner and experienced traders.
Banking services
Banking services are important in online trading. Saxo Bank offers bank transfers and credit/debit cards as funding options. FxPro has bank transfers, credit/debit cards, PayPal, and Skrill.
Final verdict
Saxo Bank and FxPro are leading online brokers. Both have advantages and disadvantages depending on your trading style and experience. Saxo Bank is a better fit for professionals and active traders. We recommend FxPro to all traders as it has both professional and beginner-friendly 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?