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Saxo Bank vs FXOpen

Saxo or FXOpen – which is better for UK traders 2025? Compare Saxo and FXOpen in this detailed breakdown of their platforms, features and fees.

Saxo vs FXOpen Comparison Table 2025
Saxo	FXOpen

4	3.7
Saxo is ranked #65 among CFD brokers.	FXOpen is ranked #63 among CFD brokers.
Review	Review
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.	Established in 2005, FXOpen is a multi-regulated broker that has attracted over 1 million traders. Designed for active trading, it provides access to a growing selection of more than 700 markets and supports high-frequency trading, scalping, and all forms of algorithmic trading using expert advisors (EAs).
66% of retail accounts lose money.
Pros
Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata The ISA account is highly accessible and flexible with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers	FXOpen introduced TradingView in 2022 and upgraded its TickTrader platform in 2024, offering Level 2 pricing, 1,200+ trading tools, and advanced order types, catering to both experienced and high-frequency traders. FXOpen reduced FX spreads by 40%+ in 2022 and introduced commission-free index trading in 2023, making it cost-effective for traders. FXOpen streamlined its account offerings in 2024, ensuring a user-friendly setup with ECN accounts providing raw spreads from 0.0 pips, fast execution speeds, and discounted commissions for high-volume traders.
Cons
High funding requirements for the trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium	While still a trusted broker with authorization from the FCA and CySEC, FXOpen lost its ASIC license in 2024 following ‘serious concerns’ and no longer onboards Australian traders. FXOpen has a threadbare educational offering, lacking the courses and webinars you can find at brokers like IG, limiting its appeal to beginners seeking to build their knowledge. Despite bolstering its asset range, FXOpen still offers fewer global stocks, commodities, and cryptocurrencies than category leader BlackBull, reducing access to diverse trading opportunities.
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
Demo Account
Yes	Yes
Minimum Deposit
£500	$100
Payment Methods
Credit Cards Mastercard Visa Wire Transfer	ADVcash Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
Vary by asset	0.01 Lots
Regulator
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB	FCA, CySEC, FC
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS & Android
Trading App
	The FXOpen Trading App is a user-friendly mobile app for trading 700+ global markets. With real-time data, level 2 pricing, live charts, and financial news, it’s been refined over the years to deliver one of the highest Android app store ratings we’ve seen – a testament to its top-notch user experience.
iOS App Rating
4.6	5
Android App Rating
4.6	5
Margin Trading
No	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXOpen’s PAMM Copy Trading service empowers investors to mirror the strategies of experienced traders, offering a transparent, performance-driven model that combines flexibility, automated profit-sharing, and account oversight.
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	USD EUR GBP AUD JPY CHF SGD RUB
Commodities
Gold Silver Natural Gas Oil Copper Corn	Gold Silver Oil Natural Gas
CFD
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.	FXOpen has a compelling CFD offering, complete with 700+ underlying assets, from shares and indices to currencies, commodities, cryptos, and an expanded range of ETFs. With access to top-tier tools, especially since adding TradingView in 2022 and improving its TickTrader platform, FXOpen provides a complete CFD trading experience.
Leverage
1:30	1:30 (EU, UK), 1:1000 (Global)
FTSE Spread
1.2 pts (Variable)	0.7
GBPUSD Spread<
0.7 (var)	0.4
Oil Spread
0.03	0.04
Stocks Spread
0.10% (subject to min commission)	0.40 (Apple)
Forex
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
40+	50+
GBPUSD Spread
0.7 (varies by region)	0.4
EURUSD Spread
0.2 (varies by region)	0.2
EURGBP Spread
0.6 (varies by region)	0.5
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs.	FXOpen offers over 40 crypto CFDs, including crypto-only pairs, as well as tokens paired with fiat currencies such as GBP, USD and JPY. You can trade crypto CFDs with 1:2 leverage and choose between three order types (market, limit, and stop) with scripts also available to auto trade crypto.
Spread
Variable	9.0 (BTC)
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Saxo	FXOpen
Review	Review
66% of retail accounts lose money.
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