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Compare Forex Brokers Saxo Bank And InstaForex


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Subjective Ratings

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Saxo Bank

InstaForex

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Three and Half 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 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 Four and Half 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 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

InstaForex

 
Registered Business Name: Saxo Bank InstaForex Group
Broker Headquarters: Copenhagen, Denmark Russia
Also has offices in: London, Singapore, Tokyo none
Regulated By: Saxo Bank is a fully regulated bank in Denmark. RAFMM (Russian Association of Financial Markets Members
In business since year: 1992 2007
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No Yes, for accounts of $100,000+
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
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
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25
Main liquidity providers: Top tier-1 banks Unknown

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Trading Details

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Saxo Bank

InstaForex

 
Browser platform: Saxo WebTrader None
Downloadable platform: Saxo Trader InstaForex Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader None
Phone dealing: Yes No
Order processing: Market Maker ECN
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:
Not loaded
Swap-free accounts   No swap-free accounts available   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 8    0   
No Dealing Desk Execution: Not available Not available
Typical spread on EUR/USD: 2 pips (0.0002) 3 pips (0.0003) FIXED
Fixed spreads: No Yes, fixed under all market conditions.
Guaranteed stop losses? All orders are executed at best available price. No, all orders are executed at best available price
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
Automated Trading: No Yes
Trading Hours:    
Timezone    
Scalping allowed: Yes No
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD EUR, RUB, USD
Platform languages: English English
Support languages: English English
Demo account: 20 days Unlimited
Live chat support: Available to real account holders. During market hours
Interest on Margin: No, On Net Free Equity 13% on unused margin
Promotions & tournaments: None  

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