Saxo Bank vs Forex.com

Saxo or Forex.com – which is better for UK traders 2026? Compare Saxo and Forex.com in this detailed breakdown of their platforms, features and fees.

Saxo vs Forex.com Comparison Table 2026
Saxo Forex.com
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4
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4.5
Saxo is ranked #24 among CFD brokers. Forex.com is ranked #7 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. Established in 2001, FOREX.com is a division of StoneX, a global financial entity catering to over a million clients. It is regulated across the US, UK, EU, Australia, and other regions. The broker offers diverse markets beyond forex and delivers competitive pricing on advanced platforms.
66% of retail accounts lose money.
Pros
  • Saxo offers traders genuine multi-asset access through a single account. Our tests showed seamless trading in FX, CFDs, stocks, ETFs, futures, options, and bonds across over 70,000 instruments, all without needing to switch platforms.
  • Execution was robust during live tests. Saxo's FX order statistics showed average fills at 9–10ms, with approximately 99.3–99.5% completing in under 50ms. This performance aligned with the rapid, precise fills observed on major FX and index CFDs.
  • Research tools excel with Autochartist integration. It offers filters by pattern type, asset class, and timeframes from 15 minutes to daily, with probability bands reaching over 70%, ensuring genuine utility.
  • With more than two decades of expertise, strong regulatory governance, and numerous accolades, including a second-place finish in our 'Best Forex Broker' awards, FOREX.com is globally renowned as a reliable trading platform.
  • The in-house Web Trader remains a top-tier platform for budding traders, featuring an elegant design and more than 80 technical indicators for market analysis.
  • FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders.
  • An abundance of educational resources is available, such as tutorials, webinars, and an extensive YouTube channel, designed to enhance your understanding of financial markets.
Cons
  • Our analysis shows classic account pricing is costly for traders. The EUR/USD pair typically incurs all-in spreads of 0.8–0.9 pips. Consequently, traders with smaller volumes will often face higher costs compared to leading ECN-style brokers.
  • Withdrawals are dependable but sluggish. Saxo handled requests within 1-2 business days, but transfers typically reached our bank in 4-5 days due to correspondent banking and SHA fees.
  • Saxo offers speed but is not ideal for ultra-tight scalping. Around 55-60% of EUR/USD orders experience zero slippage. However, about 20% encounter negative slippage, especially noticeable during news events and in higher-latency conditions of 300-400ms.
  • FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms.
  • US clients are not protected against negative balances, which means you could end up owing more than your initial deposit.
  • Demo accounts are typically limited to 90 days, hindering effective strategy testing.
  • FOREX.com, part of GAIN Capital Group LLC, was fined $700k by the NFA for mismanaging certain client accounts.
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
Vary by asset 0.01 Lots
Regulator
DFSA, MAS, FCA, FINMA, AMF, CONSOB NFA, CFTC, CIRO, FCA, CySEC, ASIC, SFC, FSA, MAS, CIMA, CMA-UAE
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Trading App
Alongside the MT4 and Web Trader platforms, the FOREX.com app provides comprehensive trading features in a user-friendly, compact package. With integrated news, analysis, and real-time alerts, it excels on mobile. It surpasses MT4 in mobile charting, offering over 80 indicators and 11 chart types, alongside a more streamlined design.
iOS App Rating
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4.6
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3.6
Android App Rating
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rating full
4.6
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3.8
Margin Trading
Yes Yes
Margin Rate
2% - 3%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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 Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • MXN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • PLN
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
  • Gold
  • Oil
  • Silver
  • Cotton
  • Livestock
  • Soybeans
  • Coffee
  • Natural Gas
  • Sugar
  • Wheat
  • Orange Juice
  • Lean Hogs
  • Cattle
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience. With options for both long and short positions on over 5,500 CFDs in forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com stands out. The platform's unique Web Trader delivers an outstanding experience, featuring more than 80 technical indicators and average execution speeds of merely 20 milliseconds, providing an ideal setting for dedicated traders.
Leverage
1:30 1:30
FTSE Spread
1.2 pts (Variable) 1.0
GBPUSD Spread<
0.7 (var) 1.3
Oil Spread
0.03 2.5
Stocks Spread
0.10% (subject to min commission) 0.14
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. FOREX.com remains a leading FX broker, providing 80 currency pairs with highly competitive fees. EUR/USD spreads can reach as low as 0.0, with a $7 commission per $100k, making it a standout choice.
Assets
40+ 84
GBPUSD Spread
0.7 (varies by region) 1.3
EURUSD Spread
0.2 (varies by region) 1.2
EURGBP Spread
0.6 (varies by region) 1.4
Saxo Forex.com
Review
Review
66% of retail accounts lose money.
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