Written by ForexBrokers.com
In this head to head comparison of Saxo vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Saxo and FP Markets are online brokers with different backgrounds. Saxo was founded in 1992 and operates as a bank; FP Markets began in 2005 and is not a bank. Neither broker is publicly traded.
In terms of regulation, Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, while FP Markets holds 2 Tier-1 and 1 Tier-2 (Tier-1 is considered highly trusted and Tier-2 trusted by ForexBrokers.com). According to ForexBrokers.com, Saxo has a Trust Score of 99/99 and FP Markets scores 90/99—both fall in the highly trusted range (90-99).
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Year Founded | 1992 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo and FP Markets both offer competitive pricing, but they fit different types of traders. Saxo is rated 5 stars and ranked #8 out of 36 brokers for commissions and fees, with its best pricing available to active, high-volume, and high-balance clients. Its Classic account is slightly more expensive than average on EUR/USD spreads, while Platinum and VIP pricing is closer to the market norm. Saxo is also commission-free for forex trading, although traders who do less than 50,000 units per month pay a $3 ticket fee per side.
FP Markets is rated 4.5 stars and ranked #11 out of 36 brokers for commissions and fees, and it stands out for low-cost trading on its Raw ECN account. On EUR/USD, the Raw ECN account averaged 0.1 pips in spread, or about 0.8 pips all-in after commission, while the Standard account was pricier at around 1.1 pips. FP Markets also offers cTrader and Iress account choices, but some of the lower-cost options are better suited to active traders, especially those who can meet higher balance requirements.
In simple terms, Saxo is often the better pick for wealthy or very active traders who can qualify for lower pricing tiers, while FP Markets is a strong choice for traders who want a cheap commission-based ECN setup. Saxo’s top-tier VIP account can deliver some of the lowest costs available, but it requires a very large deposit or heavy trading volume. FP Markets, on the other hand, offers a more accessible low-cost entry point through its Raw ECN pricing, making it appealing for cost-conscious traders who want tight spreads without needing elite account status.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a wider range of investments than FP Markets, with about 71,000 tradeable symbols compared with around 10,000 at FP Markets. This also shows up in forex, where Saxo lists 192 currency pairs versus 71 at FP Markets. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs, but neither offers delivery-based crypto purchases. Saxo also stands out for giving access to exchange traded shares on both U.S. and international markets, while FP Markets does not offer these direct stock investments.
For extra features, FP Markets includes copy trading, which Saxo does not. Still, when it comes to overall choice, Saxo is rated 5 stars for Range of Investments and ranks #3 out of 36 brokers on ForexBrokers.com, while FP Markets is rated 4.5 stars and ranks #17. In simple terms, Saxo is the better pick for investors who want the broadest selection of markets and products, while FP Markets offers a smaller menu with the added option of copy trading.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 10000 |
| Forex Pairs (Total) | 192 | 71 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Saxo and FP Markets both give traders a good set of platform choices, including free demo accounts, their own in-house platforms, desktop downloads for Windows, and browser-based trading. Both also let you trade straight from a chart, which can make order placement faster and easier. In this category, Saxo has the edge for overall platform quality, earning 5 out of 5 stars and a #3 ranking out of 36 brokers from ForexBrokers.com, while FP Markets is rated 4 out of 5 stars and ranked #22.
The main difference is in the extra tools. FP Markets supports copy trading and includes both MetaTrader 4 and MetaTrader 5, which will appeal to traders who want popular third-party platforms and social trading features. Saxo does not offer copy trading, MT4, or MT5, so its setup is more focused on its own platform experience. For traders who want a simpler, all-in-one system, Saxo stands out; for those who want more platform variety and copy trading, FP Markets is the stronger pick.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FP Markets both offer mobile trading apps for iPhone and Android, and each supports price alerts, trendline drawing, and automatic saving of chart drawings. Saxo stands out for its deeper charting tools, with 64 technical studies available in its mobile app, while FP Markets uses the default MetaTrader charting setup. One key difference is watchlist syncing: Saxo lets watchlists sync between the mobile app and online account, but FP Markets does not.
In overall mobile app quality, Saxo comes out ahead. It is rated 5 stars for Mobile Trading Apps and ranks #3 out of 36 brokers at ForexBrokers.com, while FP Markets is rated 4 stars and ranks #20. For traders who want a more polished mobile experience with stronger charting and seamless watchlist syncing, Saxo has the edge, while FP Markets still covers the basics well.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and FP Markets both give traders useful market research features, including daily market commentary, forex news from top sources like Bloomberg and Reuters, Autochartist tools, and an economic calendar for upcoming global events. In this area, each broker covers the basics well, making it easier for beginners and active traders to stay informed about key market moves and news that may affect their trades.
FP Markets goes a step further by also offering Trading Central research and a sentiment tool that shows the balance of long and short positions, while Saxo does not provide these features. This extra layer of analysis helps FP Markets stand out for research, though Saxo still leads overall with a 5-star Research rating and a #1 ranking from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly education, both Saxo and FP Markets give new traders plenty to work with. Each broker offers forex and CFDs learning materials, regular educational webinars at least once a month, and more than 10 beginner videos as well as more than 10 advanced videos. That means either platform can help a new trader get started and keep learning as skills grow.
That said, Saxo has the edge overall for education. It earns a 5-star Education rating and ranks #12 out of 36 brokers at ForexBrokers.com, while FP Markets holds a 4-star Education rating and ranks #22. In simple terms, both brokers offer a solid set of learning tools, but Saxo provides the stronger educational experience for beginners.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than FP Markets. Saxo finished with an overall rank of #3, while FP Markets finished with an overall rank of #19.
Saxo is a multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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FP Markets
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|---|---|---|
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| Trust Score | 99 | 90 |
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Comparing Saxo vs FP Markets: neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs for trading.
Comparing online brokers Saxo and FP Markets for deposit and withdrawal options: neither supports ACH or SEPA, both support bank wires, FP Markets also supports PayPal and Skrill while Saxo does not, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | FP Markets | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | FP Markets Review |
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| Regulation | Saxo | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1992 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 10000 | |
| Forex Pairs (Total) | 192 | 71 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | FP Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.9 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 AUD | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Saxo | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | Saxo | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | FP Markets Review |
| Overall | Saxo | FP Markets | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | FP Markets Review |
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