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Compare Forex Brokers Fast Brokers And Saxo Bank


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Subjective Ratings

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Fast Brokers

Saxo Bank

Charting: Four and Half star Charting Rating Five star Charting Rating
Execution: Five star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Four 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: 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: Five star 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: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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Fast Brokers

Saxo Bank

 
Registered Business Name: Fast Trading Services LLC Saxo Bank
Broker Headquarters: Glendale, California, USA Copenhagen, Denmark
Also has offices in: None London, Singapore, Tokyo
Regulated By: NFA (ID#: 0342002)
CFTC Registered
Saxo Bank is a fully regulated bank in Denmark.
In business since year: 2004 1992
Broker Capital as of 07-2009 Unknown Unknown
Client Account Segregation: Yes (some restrictions apply) No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
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: Currenex®, Integral®, Fortex®, Stonex Top tier-1 banks

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Trading Details

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Fast Brokers

Saxo Bank

 
Browser platform: Fast Brokers Currenex Java Classic Saxo WebTrader
Downloadable platform: PathFinder Trader™ Saxo Trader
Mobile platform: Coming Soon Saxo WebTrader
Phone dealing: Yes Yes
Order processing: DMA to multiple ECNs Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/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   Yes - no extra fees are incurred on Islamic style accounts   No swap-free accounts available
Tradeable Instruments: 21    8   
No Dealing Desk Execution: There is no dealing desk intervention Not available
Typical spread on EUR/USD: 0.4 pips (0.00004) on ECN2 feed 2 pips (0.0002)
Fixed spreads: Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts. No
Guaranteed stop losses? No, orders are executed at best available price. All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: Yes Yes
Hedging capability: Yes, a workaround to the NFA FIFO rule is in place, using separate feeds.. Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: Yes No
Trading Hours: Sunday 5.00 PM to Friday 04.00 PM EST  
Timezone User defined  
Scalping allowed: Yes, without restrictions Yes
Account currencies available: CHF, EUR, GBP, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Many English
Support languages: Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish English
Demo account: 30 days 20 days
Live chat support: 24/5 Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments: None None

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