Saxo vs FXCC

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

Saxo vs FXCC Comparison Table 2026
Saxo FXCC
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4
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4.6
Saxo is ranked #25 among CFD brokers. FXCC is ranked #28 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. FXCC, established in 2010, provides affordable online trading. It operates under Comoros Union registration and CySEC regulation. The broker excels with its ECN trading, no minimum deposit requirement, and swift, under-five-minute account setup.
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.
  • Over the years, FXCC has expanded its offerings, incorporating MT5 into its platforms, adding hundreds of stocks and more cryptocurrencies, introducing a copy trading feature, and enhancing margin trading options.
  • FXCC's ECN XL account caters to active traders, offering 0.0 spreads with no commission. It also meets our benchmark for execution speed.
  • FXCC offers algo traders a competitive edge with free VPS for eligible users and the capability to create or purchase EAs on MetaTrader.
  • Customer support remains reliant on human agents, delivering live chat responses in under three minutes during our tests. The knowledgeable representatives provide a refreshing alternative to the often frustrating AI chatbots more commonly used by brokers.
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.
  • FXCC's offshore entity is regulated by MISA, not CySEC, and faces minimal oversight. It may lack protections such as investor compensation if the broker goes insolvent.
  • Despite improvements to the economic calendar, FXCC provides limited market research, restricted to basic daily technical analysis and aggregated news. It lacks tools such as Autochartist and social sentiment data.
  • FXCC imposes high withdrawal fees on numerous payment methods, such as $45 for bank transfers and a 2% charge on cryptocurrency transactions. This may reduce the returns for traders who frequently withdraw funds.
  • While FXCC has expanded its market offerings to include US, European, and Asian stocks, its selection of metals and energies is limited, and soft commodities are absent.
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
Demo Account
Yes Yes
Minimum Deposit
£500 $0
Payment Methods
Minimum Trade
Vary by asset 0.01 Lots
Regulator
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB CySEC, MISA
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Trading App
FXCC enhances mobile trading with the MT4 app available on iPhone, iPad, and Android. It offers robust charting with 30 indicators, 9 timeframes, and 3 chart types, ideal for traders. Seamless trading through an FXCC ECN XL account involves only 3 straightforward steps. The app enables flexible trading across over 70 currency pairs and diverse global markets anytime, anywhere.
iOS App Rating
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4.6
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4.8
Android App Rating
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rating full
4.6
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4.4
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
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 No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
FXCC is ideal for copy traders acquainted with MetaTrader. Select traders using performance metrics like drawdowns and returns. Manage strategy providers' mirroring by account balance or equity.
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
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
  • Gold
  • Silver
  • Precious Metals
  • Platinum
  • Palladium
  • Oil
CFD
Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience. FXCC provides a modest selection of CFDs in metals, energies, and indices, but boasts hundreds of equities and over two dozen cryptocurrencies. The ECN XL account imposes no constraints on CFD trading strategies. MetaTrader supports this with strong charting tools and risk management features, such as take profit and stop-loss orders.
Leverage
1:30 1:1000
FTSE Spread
1.2 pts (Variable) 1.10
GBPUSD Spread<
0.7 (var) 0.4
Oil Spread
0.03 0.035
Stocks Spread
0.10% (subject to min commission) 0.17 (Apple)
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. FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.
Assets
40+ 70+
GBPUSD Spread
0.7 (varies by region) 0.4
EURUSD Spread
0.2 (varies by region) 0.1
EURGBP Spread
0.6 (varies by region) 0.4
Cryptocurrency
Engage in trading cryptocurrencies against leading fiat currencies, or adopt a longer-term strategy through ETNs. FXCC has expanded its cryptocurrency offerings from fewer than 10 to over 30. There are no limitations on trading strategies, and Expert Advisors (EAs) are allowed. Trade digital currencies round the clock, commission-free, with leverage as high as 1:20.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • BCH
  • ETH
  • LTC
  • XMR
  • DASH
  • XRP
  • ALG
  • ATO
  • AVE
  • AVX
  • AXS
  • BNB
  • BSV
  • CKE
  • DOT
  • ENJ
  • FTM
  • LNK
  • MEL
  • MNA
  • MTC
  • SHB
  • SND
  • SNX
  • SOL
  • TRP
  • UNI
  • WAV
  • XTZ
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Saxo FXCC
Review
Review
66% of retail accounts lose money.
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