Saxo Bank
Visit

65% of retail CFD accounts lose money.

Vs.

CMC Markets
Visit

71% of retail CFD accounts lose money.

Saxo Bank Vs. CMC Markets - Compare and Choose the Right One

Updated May 13 2022

Visit

65% of retail CFD accounts lose money.

Visit

71% of retail CFD accounts lose money.

Overview

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.

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

Best For
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
  • Professional high volume traders looking to offset the cost of commissions through larger trades
  • Intermediate and professional traders looking for a professional custom platform with customisable layouts
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

5

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
  • ASIC (Australia)
  • FCA (UK)
  • IIROC (Canada)
  • MAS (Singapore)
  • BaFin (Germany)
The Good
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
  • Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
  • Powerful professional platform with customisable layouts and integrated reuters feed
The Bad
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
  • High commissions on stocks and ETFs
  • Platform is not beginner friendly
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
4 Days 1 Day
📋 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
1992 1989
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
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 10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA US, JP, SY, ZA, IR.
📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks, ETFs, bonds and options.
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.

CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and bonds

📙 Stocks
30,000+ 10,169
📘 Currency Pairs
182 330+
📗 Commodities
19 (CFDs) 124
📕 Indices
29 (CFDs) 95
📔 ETFs
5,400+ 1084
💸 Cryptocurrencies
9 18 (Not available in the U.K)
📒 Bonds
5,000+ 55
📓 Options
3,000+ N/A
📗 Futures
300+

CFDs on commodities futures contracts with various expiration dates.

📝 Notes:
N/A N/A
Trading Experience
📈 Minimum Stock Trade Size
N/A 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC) Varies per cryptocurrency (eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A 1 Contract
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:66 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes (through API) No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Up to $150 after 6 months of inactivity, £25 after one quarter in the UK

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. 

Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs Dynamic - From 0.7 Pips
📉 SP500
N/A From 60 Pips
📈 GOLD
N/A From 30 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
N/A N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes

By using TheTradingBible.com's website you agree to the use of cookies.