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Saxo Bank vs FXCM

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

Saxo vs FXCM Comparison Table 2025
Saxo	FXCM

4	4
Saxo is ranked #65 among CFD brokers.	FXCM is ranked #25 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.	FXCM, a reputable forex and CFD broker founded in 1999, is headquartered in the UK. It has garnered multiple accolades and operates in several regions, including the UK and Australia. Offering more than 400 assets and comprehensive analysis tools without any commission charges, FXCM is a favoured option among traders. The broker is also under the regulation of leading bodies such as the FCA, ASIC, CySEC, FSCA, and BaFin.
66% of retail accounts lose 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.	In addition to its four charting platforms, FXCM provides a superior selection of specialist software for seasoned traders, featuring QuantConnect, AgenaTrader, and Sierra Chart. The proprietary Trading Station platform is an excellent option for traders seeking a comprehensive tool for their short-term and automated strategies. Traders have access to premium tools such as a market scanner, forex signals, and research from the third-party site eFXPlus. FXCM boasts a strong international reputation, holding licences from the FCA, ASIC, CySEC, and FSCA. With two decades of experience, it commands respect in the trading industry. A variety of funding options, such as bank cards, Apple Pay, and PayPal, are available with immediate processing. The broker provides reduced spreads and additional benefits for seasoned traders through the Active Trader account. FXCM has broadened its range of trading opportunities by offering 24/7 stock CFDs via MetaTrader 4.
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.	While FXCM primarily caters to seasoned traders, the absence of managed accounts is unfortunate. There are no retail account options available for traders, and Cent/Micro account alternatives are also absent. The live chat support is often sluggish and inconsistent when compared to leading competitors.
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	Forex, Stock CFDs, Commodities CFDs, Crypto CFDs
Demo Account
Yes	Yes
Minimum Deposit
£500	$50
Payment Methods
Credit Cards Mastercard Visa Wire Transfer	Apple Pay Credit Cards Debit Card Google Pay PayPal Wire Transfer
Minimum Trade
Vary by asset	Variable
Regulator
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB	FCA, CySEC, ASIC, FSCA, BaFin, CIRO
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS and Android
iOS App Rating
4.6	3.1
Android App Rating
4.6	4.5
Margin Trading
No	Yes
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	Yes
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	No
Copy Trading
No	Yes
Copy Trading Platform
	FXCM provides social and copy trading options for forex, CFDs, and cryptocurrencies via the widely-used ZuluTrade platform. Registration is swift, and you can monitor your trading outcomes instantly.
Social Trading
No	Yes
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	USD EUR GBP AUD
Commodities
Gold Silver Natural Gas Oil Copper Corn	Gold Oil Silver Cannabis
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.	You can engage in trading various CFD instruments, such as forex, shares, indices, and commodities. Traders have access to a superb choice of platforms, including TradingView and MT4. Additionally, advanced trading tools like API solutions cater to experienced algorithmic traders.
Leverage
1:30	1:400
FTSE Spread
1.2 pts (Variable)	1.18 pts var*
GBPUSD Spread<
0.7 (var)	0.5 pips*
Oil Spread
0.03	0.05 (var)*
Stocks Spread
0.10% (subject to min commission)	0.2% Var*
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.	FXCM provides a selection of over 40 currency pairs. There are no commission charges, and spreads are competitive, starting at 0.78 pips for EUR/USD. Additionally, the broker features three forex baskets, focusing on USD, Yen, and emerging market benchmarks.
Assets
40+	40
GBPUSD Spread
0.7 (varies by region)	0.5 pips var*
EURUSD Spread
0.2 (varies by region)	0.2 pips var*
EURGBP Spread
0.6 (varies by region)	0.5 pips var*
Currency Indices
	JPY
Cryptocurrency
Engage in trading cryptocurrencies against leading fiat currencies, or adopt a longer-term strategy through ETNs.	Trade popular digital currencies with no commission and leverage. FXCM offers a crypto basket, providing exposure to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in a single trade.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Saxo	FXCM
Review	Review
66% of retail accounts lose money.
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