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TP Global FX vs Saxo Bank

TP Global FX or Saxo – which is better for UK traders 2024? Compare TP Global FX and Saxo in this detailed breakdown of their platforms, features and fees.

TP Global FX vs Saxo Comparison Table 2024
TP Global FX	Saxo

3.9	4
TP Global FX is ranked #97 among CFD brokers.	Saxo is ranked #84 among CFD brokers.
Review	Review
TP Global FX has closed or no longer accepts UK clients. TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog.	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.
	66% of retail accounts lose money.
Pros
Good range of frequently updated educational resources Demo profile with unlimited simulated funds Very tight spreads from 0.2 Support for MT4 and MT5 Copy trading service Accepts crypto deposits ~30ms execution speeds High leverage available True STP pricing	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
Limited consumer protections in place including negative balance protection High commissions of $15/$8 for the low-spread accounts Not overseen by any top-tier regulators Narrow choice of deposit options Small range of non-forex assets	High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Awards
Most Transparent Broker 2021 - Forex Broker Awards Best FX Educational Broker 2021 - Forex Broker Awards Best Affiliate Program 2021 - Forex Broker Awards
FCA Regulated
No	Yes
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$200	£500
Payment Methods
Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
SVGFSA, VFSC, CAMA	DFSA, MAS, FCA, SFC
Mobile Apps
Yes (iOS & Android)	SaxoTraderGo (iOS, Android, Windows)
iOS App Rating

Android App Rating

Margin Trading
Yes	No
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
Yes	No
STP Account
Yes	No
ECN Account
No	Yes
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	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX.
Social Trading
Yes	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY SEK DKK CHF
Commodities
Gold Silver Copper Oil Gasoline Cocoa Coffee Corn Cotton Aluminium Natural Gas Sugar	Gold Silver Natural Gas Oil Copper Corn
CFD
TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms.	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:500	1:30
FTSE Spread
Not offered	1.2 pts (Variable)
GBPUSD Spread<
From 0.2 pips	0.7 (var)
Oil Spread
From 0.2 pips	0.03
Stocks Spread
From 0.2 points	0.10% (subject to min commission)
Forex
TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2.	Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
50+	40+
GBPUSD Spread
From 0.2 pips	0.7 (varies by region)
EURUSD Spread
From 0.2 pips	0.2 (varies by region)
EURGBP Spread
From 0.2 pips	0.6 (varies by region)
Cryptocurrency
TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption.	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP EOS	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

TP Global FX	Saxo
Review	Review
	66% of retail accounts lose money.
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