FXCM vs Saxo
By Akash · Facts re-checked (UTC)
Here is how FXCM and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| FXCM | Saxo | |
|---|---|---|
| Regulators | FCA | Danish FSA, FCA |
| Minimum deposit | 50 currency units by card (UK); no minimum by wire | No minimum deposit (individual account) |
| Spreads from | – | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | – | USD 3 fixed commission on FX trades under 50,000 units |
| Max leverage | 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited) | – |
| Platforms | Trading Station, MetaTrader 4, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | – | 66% |
Full reviews: FXCM review · Saxo review
Frequently asked questions
What is the minimum deposit at FXCM and Saxo?
FXCM: 50 currency units by card (UK); no minimum by wire. Saxo: No minimum deposit (individual account).
Are FXCM and Saxo regulated?
FXCM: FCA. Saxo: Danish FSA, FCA.
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