FXTM vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for FXTM and Saxo Bank.
FXTMTrust 8.0/10
FCA
CySEC
FSCA
FSC-Mauritius
Multi-regulated broker with deep penetration in African and Asian markets, and a tiered Advantage account that scales commissions down with volume. Strong reputation for local payment options and education.
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: FXTM is tighter on EUR/USD.
Side-by-side comparison
| Feature | FXTM | Saxo Bank |
|---|---|---|
| Trust score | 8.0 | 9.4 |
| Regulators | FCA, CySEC, FSCA, FSC-Mauritius, CMA | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | Cyprus | — |
| Founded | 2011 | — |
| Min deposit | $10 | $0.00 |
| Max leverage | 1:1000 | 1:200 |
| EUR/USD spread | 0.00 pips | 0.40 pips |
| Commission per lot | $4 | $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, Skrill, Neteller | — |
| Withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | — |
| Withdrawal speed | 24h | — |
| Base currencies | USD, EUR, GBP, NGN | — |
FXTM is best for
High-volume traders
Day traders
Copy traders
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients