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Compare Forex Brokers Saxo Bank And AFB FX


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Subjective Ratings

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Saxo Bank

AFB FX

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Five star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Four 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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Saxo Bank

AFB FX

 
Registered Business Name: Saxo Bank AFB FX Limited
Broker Headquarters: Copenhagen, Denmark Cyprus
Also has offices in: London, Singapore, Tokyo none
Regulated By: Saxo Bank is a fully regulated bank in Denmark. CySEC
In business since year: 1992 2010
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: Top tier-1 banks There are 6 liquidity providers, but names are unknown

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Trading Details

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Saxo Bank

AFB FX

 
Browser platform: Saxo WebTrader AFB FX WebTrader
Downloadable platform: Saxo Trader AFB FX Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: Yes Yes
Order processing: Market Maker ECN,STP No Dealing Desk
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 8    46   
No Dealing Desk Execution: Not available There is no dealing desk intervention
Typical spread on EUR/USD: 2 pips (0.0002) 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: No No
Guaranteed stop losses? All orders are executed at best available price. Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: Yes - used margin is cleverly cancelled on hedged positions Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: No Yes
Trading Hours:   22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone   GMT +2 (no Sunday bar)
Scalping allowed: Yes Scalping is not allowed
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD EUR, USD
Platform languages: English Many
Support languages: English Arabic, English
Demo account: 20 days  
Live chat support: Available to real account holders.  
Interest on Margin: No, On Net Free Equity No
Promotions & tournaments: None  

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