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Compare Forex Brokers Easy Forex And Saxo Bank


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Subjective Ratings

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Easy Forex

Saxo Bank

Charting: One star Charting Rating Five star Charting Rating
Execution: Five 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: Three star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Four and Half star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Five 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

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Business Details

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Easy Forex

Saxo Bank

 
Registered Business Name: Easy Forex US Ltd. Saxo Bank
Broker Headquarters: Limassol, Cyprus Copenhagen, Denmark
Also has offices in: Chicago, Melbourne, Sydney, Manila, Tel Aviv London, Singapore, Tokyo
Regulated By: * ASIC AFSL (Australia);
* CySEC (Cyprus);
* CFTC & NFA (USA)
Saxo Bank is a fully regulated bank in Denmark.
In business since year:   1992
Broker Capital as of 01-1970 $10,606,977 Unknown
Client Account Segregation: Basler Kantonalbank No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded
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: UBS, RBS (Royal Bank of Scotland) Top tier-1 banks

Visit Easy Forex Visit Saxo Bank

Trading Details

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Easy Forex

Saxo Bank

 
Browser platform: Easy-Forex® (proprietary) Saxo WebTrader
Downloadable platform: No Saxo Trader
Mobile platform: Easy-Forex® (proprietary) Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
VIP Account 200:1* $10,000/unlimited $1,000,000/unlimited
Mini Account 200:1* $200/$499 $2,500/unlimited
Platinum Account 200:1* $500/$4,999 $50,000/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
Tradeable Instruments: 21    8   
No Dealing Desk Execution: Yes (dealing desk available on request) Not available
Typical spread on EUR/USD: 3-7 pips, depending on account type 2 pips (0.0002)
Fixed spreads: Yes (except after-hours) No
Guaranteed stop losses? Yes All orders are executed at best available price.
Trailing Stops: None Server-side
OCO orders available: No Yes
If/then orders available:   Yes
Hedging capability: Yes Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: No No
Trading Hours: Sun. 20:00GMT - Fri. 21:00GMT (trading outside these times available but incurs higher spread costs)  
Timezone GMT  
Scalping allowed: No Yes
Account currencies available: AUD, CAD, CHF, EUR, GBP, ILS, JPY, NOK, NZD, PLN, SGD, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish English
Support languages: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish English
Demo account: 15 days 20 days
Live chat support: Yes (Monday-Friday 06:00am GMT until 4pm GMT) Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments:   None

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