Updated May 13 2022
Overview | |
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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. |
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. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
4 Days | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1992 | 2001 |
💳 Minimum Deposit | |
From 500 € to 2,000 € depending on residence | $100 |
💰 Payment Methods | |
💵 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 | 6 - GBP, USD, EUR, AUD, JPY, CHF. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
US,BR,ES,IN,KE,MX,NG,PK,ZA | None |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
Yes | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
30,000+ | 4,500+ |
📘 Currency Pairs | |
182 | 93 |
📗 Commodities | |
19 (CFDs) | 35 |
📕 Indices | |
29 (CFDs) | 24 |
📔 ETFs | |
5,400+ | 700+ |
💸 Cryptocurrencies | |
9 | 5 |
📒 Bonds | |
5,000+ | 14 |
📓 Options | |
3,000+ | N/A |
📗 Futures | |
300+ | N/A |
📝 Notes: | |
N/A | All of Forex.com’s assets are CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
N/A | Varies per share (eg: 0.3 AMZN shares) |
📉 Minimum ETFs Trade Size | |
N/A | Varies per ETF (eg: 5 contracts of XLK) |
📈 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 | Varies per commodity (eg: 1 contract of Gold) |
📉 Minimum Bonds Trade Size | |
N/A | Varies per Bond (eg: 1 contract of Euro Bobl) |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 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 | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
No | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes (through API) | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK |
Yes, $15 monthly after 1 year of inactivity. |
💰 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 depending on account type.
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Spreads |
📈 EUR/USD | |
0.8 Pips average - 0.4 for VIPs | Dynamic - From 0.8 Pips |
📉 SP500 | |
N/A | From 60 Pips |
📈 GOLD | |
N/A | From 50 Pips |
📉 TSLA (Stock CFD) | |
N/A | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - Market Spread |
📉 BTC | |
N/A | From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |