Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers Alpari And Saxo Bank


 Compare more forex brokers

Visit Alpari Visit Saxo Bank


Subjective Ratings

Compare Category

Alpari

Saxo Bank

Charting: Four and Half star Charting Rating Five star Charting Rating
Execution: Four and Half star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Five star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

Visit Alpari Visit Saxo Bank

Business Details

Compare Category

Alpari

Saxo Bank

 
Registered Business Name: Alpari NZ Limited (New Zealand) Saxo Bank
Broker Headquarters: New Zealand Copenhagen, Denmark
Also has offices in: Many branches around Russia London, Singapore, Tokyo
Regulated By: FRA (Russia) Saxo Bank is a fully regulated bank in Denmark.
In business since year: 1998 1992
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Top tier-1 banks

Visit Alpari Visit Saxo Bank

Trading Details

Compare Category

Alpari

Saxo Bank

 
Browser platform: Currenex ECN (for pro.direct accounts) Saxo WebTrader
Downloadable platform: Alpari MetaTrader 4 (MT4) Saxo Trader
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) Saxo WebTrader
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   No swap-free accounts available
Tradeable Instruments: 53    8   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 2 pips (0.0002)
Fixed spreads: No No
Guaranteed stop losses? No All orders are executed at best available price.
Trailing Stops: Server-side Server-side
OCO orders available: Yes o Yes
If/then orders available: Yes o Yes
Hedging capability: Yes Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: Yes, on MT4 No
Trading Hours:    
Timezone GMT  
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Yes
Account currencies available: EUR, Gold, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish English
Support languages: Chinese, English, Russian, Spanish English
Demo account: 30 days 20 days
Live chat support: Yes - a little slow but top quality Available to real account holders.
Interest on Margin: Yes No, On Net Free Equity
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. None

Visit Alpari Visit Saxo Bank


Bookmark and Share