Forex.com Vs. Saxo Bank - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 67.6% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.	Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.
Best For
Traders of all levels (beginner to advanced) looking for competitive pricing Trades of all levels looking for a great platform variety High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades	Professional investors looking to trade a variety of markets High net worth traders or investors
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FINRA (United States) FCA (UK) FFAJ (Japan) IIROC (Canada) CySec (Cyprus) CIMA (Cayman Islands)	ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)
The Good
Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5) Excellent asset offering (more than 5,000+ instruments) Competitive spreads in some of their assets	Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView
The Bad
Despite presenting a great customisable platform, it still feels messy and not intuitive to use Commissions are expensive when compared to similar competitors	High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	4 days
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2001	1992
💳 Minimum Deposit Range
$100	From $500 up to $2,000
💰 Payment Methods
Visa Mastercard Skrill Neteller Bank Transfer	Visa Mastercard Bank Transfer
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF.	26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
None	US, BR, ES, IN, KE, MX, NG, PK, ZA.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
5,371	49,339
Exchange Access
0	0
📙 Real Stocks
0	30,000
📙 Stock CFDs
4,500	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
93	182
📗 Commodities
0	0
📗 Commodities CFDs
35	19
📕 Indices
0	0
📕 Indices CFDs
24	29
📔 ETFs
0	5,400
📔 ETFs CFDs
700	5,400
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
5	9
📒 Bonds
0	5,000
📒 Bonds CFDs
14	0
📓 Options
0	3,000
📓 Options CFDs
0	0
📗 Futures
0	300
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares)	Unavailable
📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK)	Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC)	Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	66
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
$15 monthly after 1 year of inactivity.	Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Depending on account type. Standard account has no commissions “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn	$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 0.4 to 0.8 Pips
📉 SP500
Dynamic - From 60 Pips	Unavailable
📈 GOLD
Dynamic - From 50 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $120	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
Yes	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
Yes	No
📡 Account Management
No	Yes
📡 Webinars
No	No