City Index vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for City Index and Saxo Bank.
City IndexTrust 8.6/10
FCA
ASIC
Long-established UK broker (operating since 1983) now part of NYSE-listed StoneX Group. Mature proprietary AT Pro platform alongside MT4 and TradingView, with FCA and ASIC oversight.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Danish investment bank, premium broker for serious traders. SaxoTraderGO and SaxoTraderPRO platforms. Access to 70,000+ instruments across forex, stocks, bonds, options.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Saxo Bank is tighter on EUR/USD.
Side-by-side comparison
| Feature | City Index | Saxo Bank |
|---|---|---|
| Trust score | 8.6 | 9.4 |
| Regulators | FCA, ASIC | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | United Kingdom | — |
| Founded | 1983 | — |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:30 | 1:200 |
| EUR/USD spread | 0.50 pips | 0.40 pips |
| Commission per lot | $0.00 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, PayPal | — |
| Withdrawal methods | Bank Wire, Credit/Debit Card, PayPal | — |
| Withdrawal speed | 24h | — |
| Base currencies | USD, EUR, GBP, AUD | — |
City Index is best for
Day traders
Swing traders
Stock CFD traders
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients