Saxo Bank vs FTX
Saxo or FTX – which is better for UK traders 2024? Compare Saxo and FTX in this detailed breakdown of their platforms, features and fees.
Saxo | FTX |
---|---|
Saxo is ranked #84 among CFD brokers. | FTX is ranked #83 among crypto brokers. |
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. |
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity. |
66% of retail accounts lose money. | |
Pros | |
|
|
Cons | |
|
|
FCA Regulated | |
Yes | No |
Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | Cryptos, Futures, Options |
Demo Account | |
Yes | No |
Minimum Deposit | |
£500 | $1 |
Payment Methods | |
Minimum Trade | |
Vary by asset | $1 |
Regulator | |
DFSA, MAS, FCA, SFC | |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | Yes |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
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 | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Yes | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | No |
Account Currencies | |
|
|
Commodities | |
|
|
CFD | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | |
Leverage | |
1:30 | |
FTSE Spread | |
1.2 pts (Variable) | |
GBPUSD Spread< | |
0.7 (var) | |
Oil Spread | |
0.03 | |
Stocks Spread | |
0.10% (subject to min commission) | |
Forex | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | |
Assets | |
40+ | |
GBPUSD Spread | |
0.7 (varies by region) | |
EURUSD Spread | |
0.2 (varies by region) | |
EURGBP Spread | |
0.6 (varies by region) | |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. |
Spread | |
Variable | Variable |
Coins | |
|
|
Crypto Lending | |
No | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | Yes |
Saxo | FTX |
66% of retail accounts lose money. | |
More Comparisons | |
Saxo vs |
FTX vs |