FOREX.com vs Saxo
By Akash · Facts re-checked (UTC)
Here is how FOREX.com and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| FOREX.com | Saxo | |
|---|---|---|
| Regulators | FCA, NFA/CFTC | Danish FSA, FCA |
| Minimum deposit | $100 (US); £100 (UK) | No minimum deposit (individual account) |
| Spreads from | 0.8 pips EUR/USD (Standard account) | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | RAW Spread account: EUR/USD from 0.2 points plus commission | USD 3 fixed commission on FX trades under 50,000 units |
| Max leverage | 50:1 (US entity, NFA/CFTC) | – |
| Platforms | FOREX.com web platform, FOREX.com mobile app, TradingView, MetaTrader 4, MetaTrader 5 | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | – | 66% |
Full reviews: FOREX.com review · Saxo review
Frequently asked questions
What is the minimum deposit at FOREX.com and Saxo?
FOREX.com: $100 (US); £100 (UK). Saxo: No minimum deposit (individual account).
Are FOREX.com and Saxo regulated?
FOREX.com: FCA, NFA/CFTC. Saxo: Danish FSA, FCA.
Which has tighter spreads, FOREX.com or Saxo?
Published spreads start from 0.8 pips EUR/USD (Standard account) at FOREX.com and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: FOREX.com RAW Spread account: EUR/USD from 0.2 points plus commission, Saxo USD 3 fixed commission on FX trades under 50,000 units.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more