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Compare Forex Brokers Saxo Bank And ICM Trading


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Subjective Ratings

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Saxo Bank

ICM Trading

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

ICM Trading

 
Registered Business Name: Saxo Bank iTrade Capital Markets Ltd.
Broker Headquarters: Copenhagen, Denmark British Virgin Islands (BVI)
Also has offices in: London, Singapore, Tokyo none
Regulated By: Saxo Bank is a fully regulated bank in Denmark. Unregulated
In business since year: 1992 2009
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No Client funds are segregated and held at Loyal Bank, St. Vincent and the Grenadines
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
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
Visa $0 $0
Wire Transfer $0 $0
Main liquidity providers: Top tier-1 banks Unknown

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Trading Details

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Saxo Bank

ICM Trading

 
Browser platform: Saxo WebTrader None
Downloadable platform: Saxo Trader ICM Trading ActTrader,ICM Trading Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader ActTrader Mobile,Metatrader Mobile
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
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:
ActTrader Account 400:1* $500/unlimited 10,000/5,000,000 units 1 lot = 10,000 units
MT4 Account 400:1* $500/unlimited 10,000/5,000,000 units 0.1 lot = 10,000 units
Swap-free accounts   No swap-free accounts available   All accounts are Shariah compliant, but a charge of $1/mini-lot/day is applicable to all overnight positions
Tradeable Instruments: 8    34   
No Dealing Desk Execution: Not available Not available
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? All orders are executed at best available price. Yes, all stop and limit orders are guaranteed against slippage.
Trailing Stops: Server-side Client-side
OCO orders available: Yes Yes,
If/then orders available: Yes Yes,
Hedging capability: Yes - used margin is cleverly cancelled on hedged positions Yes
Automated Trading: No On MT4 and ActTrader
Trading Hours:   Sunday evening at 5:00 pm (EST) through Friday afternoon at 4 pm (EST)
Timezone   EST
Scalping allowed: Yes Short-term trading OK, but trading on 'off-market' pricing
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD EUR, USD
Platform languages: English Arabic, Bulgarian, Dutch, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English English, French, German, Italian, Spanish
Demo account: 20 days 30 days
Live chat support: Available to real account holders. Yes
Interest on Margin: No, On Net Free Equity No
Promotions & tournaments: None 10% bonus on deposits up to $1999. $500 bonus on deposits of $2,000+

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