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Saxo Bank vs CMC Markets

Saxo or CMC Markets – which is better for UK traders 2025? Compare Saxo and CMC Markets in this detailed breakdown of their platforms, features and fees.

Saxo vs CMC Markets Comparison Table 2025
Saxo	CMC Markets

4	4.7
Saxo is ranked #64 among CFD brokers.	CMC Markets is ranked #3 among CFD brokers.
Review	Review
Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC.	Founded in 1989, CMC Markets is a reputable broker publicly listed on the London Stock Exchange. It holds authorisation from top-tier regulators such as the FCA, ASIC, and CIRO. The brokerage, which has received multiple awards, boasts a global membership exceeding one million traders.
66% of retail accounts lose money.	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Pros
Advanced proprietary trading platforms featuring extensive charting options and sophisticated analysis tools. Elite research centre offering specialised market analysis and exclusive forecasts, including 'Outrageous Predictions'. Outstanding educational materials are available, such as podcasts, webinars, and expert-led videos. Access to advanced external analysis tools, such as TradingView and Updata, is available. The ISA account offers easy access and flexibility, as it incurs neither entry nor exit fees. A well-regulated and reputable firm located in Switzerland. Reduced fees with advanced account levels.	The CMC web platform offers an exceptional user experience with sophisticated charting tools for trading and customisable options, suitable for both novice and seasoned traders. It supports MT4 but not MT5, and TradingView will be available from 2025. We've upgraded the 'Assets & Markets' rating due to frequent product enhancements in early 2025. These include extended trading hours for US stocks and the introduction of new share CFDs. CMC provides competitive pricing with narrow spreads and low trading fees, except for stock CFDs. The Alpha and Price+ programmes offer additional benefits for active traders, including discounts on spreads of up to 40%. CMC Markets is well-regulated by respected financial authorities, ensuring a secure and reliable trading environment. It upholds a strong reputation, providing traders with confidence. The brokerage excels with an extensive array of valuable resources, such as pattern recognition scanners, webinars, tutorials, news feeds, and research from reputable sources like Morningstar.
Cons
Trading accounts require substantial financial investment. A subscription is necessary to access Level 2 pricing. Clients from certain regions, such as the US and Belgium, are not accepted.	Although there have been improvements, the online platform still needs further refinement to match the user-friendly trading experience offered by competitors such as IG. CMC provides a robust range of assets; however, it does not support trading actual stocks, and UK clients are unable to trade cryptocurrencies. Trading stock CFDs comes with a relatively high commission, particularly when compared to low-cost brokers such as IC Markets. A monthly inactivity charge of $10 is imposed after a year's inactivity, potentially discouraging occasional traders. The CMC Markets app provides a comprehensive trading package; however, its design and user experience lag behind market leaders such as eToro.
Awards
	Best Trading App 2023 - DayTrading.com No.1 Platform Technology 2022 No.1 New Tool 2022 No.1 Most Currency Pairs 2022 Best Trade Execution 2021 Best Forex Broker For Beginners 2021 Most Transparent Forex Broker Europe 2020 Best Trading Platform 2020 Best Trading App 2019 Best Customer Service 2018
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
£500	$0
Payment Methods
Credit Cards Mastercard Visa Wire Transfer	Credit Cards Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
Vary by asset	0.01 Lots
Regulator
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB	FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS & Android
Trading App
	CMC Markets' award-winning app has revolutionised mobile trading. Its modern, customisable interface provides a unique user experience that sets it apart. Enhanced with 25 technical indicators, 15 drawing tools, and a swift, stable trading platform, it is an outstanding option for traders.
iOS App Rating
4.6	4.1
Android App Rating
4.6	3.7
Margin Trading
No	Yes
Margin Rate
	1%
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	USD EUR GBP CAD AUD NZD SEK NOK SGD PLN
Commodities
Gold Silver Natural Gas Oil Copper Corn	Gold Oil Silver Copper Coffee Wheat Precious Metals Natural Gas Soybeans Orange Juice Nickel Palladium Steel Cannabis Platinum Livestock Sugar Gasoline
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.	CMC enables trading of CFDs on over 12,000 assets, including currencies, indices, commodities, shares, ETFs, and treasuries. In 2025, new equities will feature sectors like quantum computing, AI learning, and digital car sales. Enjoy competitive spreads without hidden fees, and leverage the renowned MetaTrader 4 platform. Consistently, CMC stands out as a leading CFD broker.
Leverage
1:30	1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.2 pts (Variable)	1 pt
GBPUSD Spread<
0.7 (var)	0.9
Oil Spread
0.03	3.5
Stocks Spread
0.10% (subject to min commission)	0.02
Forex
Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips.	CMC offers a broad selection of over 300 forex pairs, featuring tight spreads and quick execution. This exceeds many competitors in currency variety. Their forex indices provide a distinctive and comprehensive method to speculate on major currencies such as USD, EUR, and GBP.
Assets
40+	300+
GBPUSD Spread
0.7 (varies by region)	0.9
EURUSD Spread
0.2 (varies by region)	0.7
EURGBP Spread
0.6 (varies by region)	1.1
Currency Indices
	USD EUR GBP JPY CAD AUD NZD CHF

Saxo	CMC Markets
Review	Review
66% of retail accounts lose money.	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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