Global Prime vs Saxo Bank

Global Prime or Saxo – which is better for UK traders 2024? Compare Global Prime and Saxo in this detailed breakdown of their platforms, features and fees.

Global Prime vs Saxo Comparison Table 2024
Global Prime Saxo
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3.8
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4
Global Prime is ranked #69 among CFD brokers. Saxo is ranked #84 among CFD brokers.
Review
Review
Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC. Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
66% of retail accounts lose money.
Pros
  • Full range of investments with 150+ assets including crypto
  • Low latency with execution speeds from 10ms
  • Wide range of deposit options with zero fees
  • Segregated client funds
  • 24/7 customer support
  • $0 minimum deposit
  • Trade receipts
  • ECN account
  • VPS
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Clients from US and Canada are not accepted
  • Narrow range of account options
  • No MetaTrader 5 integration
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, indices, commodities, cryptocurrencies, shares, bonds Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
A$200 £500
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
ASIC, VFSC, FSA DFSA, MAS, FCA, SFC
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Gold
  • Copper
  • Oil
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:200 1:30
FTSE Spread
0.84 1.2 pts (Variable)
GBPUSD Spread<
0.64 0.7 (var)
Oil Spread
1.6 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
48 40+
GBPUSD Spread
0.75 0.7 (varies by region)
EURUSD Spread
0.16 0.2 (varies by region)
EURGBP Spread
0.85 0.6 (varies by region)
Cryptocurrency
Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Floating Variable
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Global Prime Saxo
Review
Review
66% of retail accounts lose money.
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