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Compare Forex Brokers HY Markets And Saxo Bank


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Subjective Ratings

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HY Markets

Saxo Bank

Charting: Four and Half star Charting Rating Five star Charting Rating
Execution: Four star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Two 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 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: Three and Half 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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HY Markets

Saxo Bank

 
Registered Business Name: Henyep Investment (UK) Limited Saxo Bank
Broker Headquarters: London, UK Copenhagen, Denmark
Also has offices in: Dubai, Hong Kong London, Singapore, Tokyo
Regulated By: FSA (186171) Saxo Bank is a fully regulated bank in Denmark.
In business since year: 1977 1992
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: HSBC London No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
MasterCard $0 $0
PayPal $0 $0
Visa $0 $0
Visa Electron $0 $0
Wire Transfer $0 ($250 Min) $0 ($100 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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HY Markets

Saxo Bank

 
Browser platform: HY WebTrader Saxo WebTrader
Downloadable platform: HY Markets Metatrader 4 (MT4) Saxo Trader
Mobile platform: HY 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:
Premium Account 200:1* $2,500 100,000 units
Standard Account 200:1* $750/unlimited 10,000 units
Mini Account 200:1* $50/unlimited 2,000 units
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: 42    8   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 3 pips (0.0003) for Premium, 5 pips (0.0005) for Standard, 7 pips (0.0007) for Mini Accounts 2 pips (0.0002)
Fixed spreads: No No
Guaranteed stop losses? Yes 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: Yes, on MT4 No
Trading Hours: Sunday 22:00 GMT to Friday 20:00 GMT  
Timezone GMT  
Scalping allowed: No Yes
Account currencies available: USD AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: Bulgarian, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Ukrainian English
Support languages: Arabic, Chinese, English English
Demo account: No 20 days
Live chat support: Yes Available to real account holders.
Interest on Margin: No No, On Net Free Equity
Promotions & tournaments:   None

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