Updated Oct 20 2022
Visit 69% of retail CFD accounts lose money. |
Visit 67.6% 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. |
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 | |
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The Good | |
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The Bad | |
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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 | |
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 Range | |
From $500 up to $2,000 | $100 |
💰 Payment Methods | |
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💵 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 |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
Hybrid | CFDs |
Total Asset Offering | |
49,339 | 5,371 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
30,000 | 0 |
📙 Stock CFDs | |
0 | 4,500 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
182 | 93 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
19 | 35 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
29 | 24 |
📔 ETFs | |
5,400 | 0 |
📔 ETFs CFDs | |
5,400 | 700 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
9 | 5 |
📒 Bonds | |
5,000 | 0 |
📒 Bonds CFDs | |
0 | 14 |
📓 Options | |
3,000 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
300 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
Unavailable | Varies per share (eg: 0.3 AMZN shares) |
📉 Minimum ETFs Trade Size | |
Unavailable | 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 | |
Unavailable | Varies per commodity (eg: 1 contract of Gold) |
📉 Minimum Bonds Trade Size | |
Unavailable | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
30 | 30 |
💪 Professional Leverage | |
66 | 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 |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | 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. |
$15 monthly after 1 year of inactivity. |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
None | None |
💰 Commissions | |
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract. |
Depending on account type.
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.4 to 0.8 Pips | Dynamic - From 0.8 Pips |
📉 SP500 | |
Unavailable | Dynamic - From 60 Pips |
📈 GOLD | |
Unavailable | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
Unavailable | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
Unavailable | Dynamic - Market Spread |
📉 BTC | |
Unavailable | Dynamic - From $120 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |
📡 Educational Content | |
No | Yes |
📡 Live Chat Support | |
Yes | Yes |
📡 Video Tutorials | |
No | Yes |
📡 Account Management | |
Yes | No |
📡 Webinars | |
No | No |