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Compare Forex Brokers FxPro And Saxo Bank


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Subjective Ratings

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FxPro

Saxo Bank

Charting: Four and Half star Charting Rating Five star Charting Rating
Execution: Two 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: Four star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Five 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: 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

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Business Details

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FxPro

Saxo Bank

 
Registered Business Name: FxPro Saxo Bank
Broker Headquarters: Limassol, Cyprus Copenhagen, Denmark
Also has offices in: London, Nice, Vienna, Athens, Moscow London, Singapore, Tokyo
Regulated By: CySEC and ECB through MiFID Saxo Bank is a fully regulated bank in Denmark.
In business since year: 2006 1992
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Hellenic Bank, Eurobank, HSBC No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Moneybookers $0 $0
NETeller $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: FXPro is the counter party to all trades. Top tier-1 banks

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Trading Details

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FxPro

Saxo Bank

 
Browser platform: FxPro WebTrader Saxo WebTrader
Downloadable platform: FxPro Metatrader 4 (MT4) Saxo Trader
Mobile platform: FxPro WebTrader Saxo WebTrader
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
FXPro Account 500:1* $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   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 105    8   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 0.8 pips (0.00008) 2 pips (0.0002)
Fixed spreads: No, spreads vary according to market liquidity No
Guaranteed stop losses? All orders are executed at best available price. 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 - no extra margin is used. Yes - used margin is cleverly cancelled on hedged positions
Automated Trading: Yes, on MT4 No
Trading Hours: Sunday 22.00 GMT closing Friday 22.00 GMT  
Timezone GMT+2  
Scalping allowed: Yes Yes
Account currencies available: CHF, EUR, GBP, JPY, USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish English
Support languages: Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish English
Demo account: Unlimited 20 days
Live chat support: Yes, very knowledgeable. Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments: None None

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