Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers CKfx And Saxo Bank


 Compare more forex brokers

Visit CKfx Visit Saxo Bank


Subjective Ratings

Compare Category

CKfx

Saxo Bank

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

Visit CKfx Visit Saxo Bank

Business Details

Compare Category

CKfx

Saxo Bank

 
Registered Business Name: CKFX Saxo Bank
Broker Headquarters: Cyprus Copenhagen, Denmark
Also has offices in: None London, Singapore, Tokyo
Regulated By: Unregulated - awaiting FSA approval through Forex Yard Saxo Bank is a fully regulated bank in Denmark.
In business since year:   1992
Broker Capital as of 01-1970   Unknown
Client Account Segregation: HSBC (London) No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0 (Standard) or $10
MasterCard/Maestro $0 $0 (Standard) or $10
Visa $0 $0 (Standard) or $10
Wire Transfer $0 $0 (Standard) or $25
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: Unknown Top tier-1 banks

Visit CKfx Visit Saxo Bank

Trading Details

Compare Category

CKfx

Saxo Bank

 
Browser platform: ForexYard Trading Station (Java - MAC compatible) Saxo WebTrader
Downloadable platform: Forex Yard Trading Station Saxo Trader
Mobile platform: ForexYard Trading Station (Java - MAC compatible) Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 200:1* $1,000/unlimited 10,000/5,000,000
SuperMini Account 200:1* $100/$999 ($1,000+ automatic u $1,000/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   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 30    8   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002)
Fixed spreads: Yes No
Guaranteed stop losses? Yes (some restrictions apply) All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: No Yes
Hedging capability: No Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: No No
Trading Hours: Sunday 21:00GMT to Friday 20:00GMT  
Timezone    
Scalping allowed: No Yes
Account currencies available: USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Hebrew English
Support languages: Arabic, English, Finnish, French, German, Spanish, Swedish English
Demo account: 30 days 20 days
Live chat support: Yes Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments: Open a demo account and keep your profits when you change over to a real account (up to EUR300). None

Visit CKfx Visit Saxo Bank


Bookmark and Share