After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare FOREX.com (GAIN Capital) vs Saxo Bank.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both FOREX.com (GAIN Capital) and Saxo Bank share a rating of 4.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FOREX.com (GAIN Capital) alongside Saxo Bank are regulated in a major hub. FOREX.com (GAIN Capital) is a publicly traded company, while Saxo Bank is not. As far as how many currency pairs are available for trading, here's the answer. FOREX.com (GAIN Capital) trails Saxo Bank by 98 total currency pairs (for example, EUR/USD), with Saxo Bank offering 182 and FOREX.com (GAIN Capital) offering 84.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FOREX.com (GAIN Capital) has Meta Trader, Saxo Bank doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Saxo Bank trails FOREX.com (GAIN Capital) by 5 total charting tools, with FOREX.com (GAIN Capital) offering 22 and Saxo Bank offering 17. FOREX.com (GAIN Capital) boasts an offering of 139 different indicators (for example, moving averages) compared to Saxo Bank's 45 available indicators.
Overall, Saxo Bank takes the upper hand with 5.00 stars over FOREX.com (GAIN Capital)'s 4.50 stars. And, when it comes to individual category awards, Saxo Bank was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while FOREX.com (GAIN Capital) was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education.