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Compare Forex Brokers Finexo And Saxo Bank


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Subjective Ratings

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Finexo

Saxo Bank

Charting: Four star Charting Rating Five star Charting Rating
Execution: Two 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 and Half star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four and Half 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 and Half star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: One 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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Finexo

Saxo Bank

 
Registered Business Name: SafeCap Investments Limited Saxo Bank
Broker Headquarters: Israel Copenhagen, Denmark
Also has offices in: Cyprus London, Singapore, Tokyo
Regulated By: CySEC Saxo Bank is a fully regulated bank in Denmark.
In business since year: 2003 1992
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
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

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Trading Details

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Finexo

Saxo Bank

 
Browser platform: None Saxo WebTrader
Downloadable platform: Finexo MT4 Saxo Trader
Mobile platform: Finexo Metatrader (MT4) Mobile Saxo WebTrader
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 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
Tradeable Instruments: 47    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, for orders less than 3 million and outside a pre-determined range All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: No No
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT)  
Timezone GMT  
Scalping allowed: No Yes
Account currencies available: EUR, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: English English
Support languages: English English
Demo account:   20 days
Live chat support: Yes 24/7 (even outside trading hours!) Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments:   None

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