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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, Saxo, established in 1992, stands out with its exceptional credibility, holding a perfect ForexBrokers.com Trust Score of 99 out of 99. As a bank, Saxo offers a reassuring figure of seven Tier-1 licenses, underscoring its high level of trustworthiness. Additionally, it maintains one Tier-2 license. Despite being a privately held company, Saxo's longstanding presence in the market and extensive regulatory approvals highlight its stability and reliability.
FP Markets, founded in 2005, is a newer participant in the trading scene, earning a respectable Trust Score of 89 from ForexBrokers.com. While it is not a bank, FP Markets holds two Tier-1 licenses and one Tier-2 license, indicating a trusted standing in the market. Although it lacks the banking status and extensive Tier-1 licensing that Saxo possesses, FP Markets remains a credible choice for traders seeking a trusted broker.
| 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 |
When it comes to comparing two popular online brokers, Saxo and FP Markets, both excel in their offerings for commissions and fees, each earning a glowing 5-star rating for their pricing structures. Saxo stands out with one of the most competitive pricing models in the industry, especially for active and high-volume traders. For its EUR/USD trades, Saxo offers average spreads of 1.1, 1.0, and 0.9 pips for its Classic, Platinum, and VIP accounts, respectively. The broker's entry-level Classic account no longer requires a minimum deposit, while more advanced accounts like Platinum and VIP demand higher balances due to additional perks like Loyalty point upgrades and exclusive benefits for VIP members. Saxo also offers commission-free trading, with a $3 ticket fee applicable only if trading less than 50,000 units per month. This impressive cost-effectiveness ranks Saxo #9 among 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.
FP Markets, another top contender, clinches the #6 rank for its highly competitive pricing, particularly through its commission-based Raw ECN account. With spreads averaging 0.1 pips on its Raw ECN account (0.8 pips after commission), FP Markets provides a cost-effective choice for traders seeking tight spreads. Additionally, FP Markets offers a more premium Iress ViewPoint account, particularly geared towards high-balance and active traders who can afford its associated fees and deposits, which range from AUD 1,000 for the Standard to AUD 50,000 for the Premier account. Traders aiming to minimize fees might find deterrence in the higher spreads of FP's Standard account at 1.1 pips, although its low-cost Iress Investor account does offer budget-friendly trading with the trade-off of limited platform capabilities.
Overall, both Saxo and FP Markets offer excellent pricing structures that cater to different types of traders. Whether you prefer Saxo's commission-free structure with slightly higher initial deposit requirements for premium accounts, or FP Markets' Raw ECN low-spread model, both brokers provide commendable value. While FP Markets is more cost-efficient for those on commission-based accounts, Saxo delivers significant benefits to traders with large capital through its customizable account tiers and lack of commissions on forex trades.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 |
| Non-wire bank transfer | 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.
Comparing Saxo vs FP Markets on range of investments: Saxo lists 70,000 tradeable symbols and 190 forex pairs, while FP Markets offers 10,000 symbols and 71 forex pairs. Both brokers let you trade forex as CFDs or spot. Reflecting the breadth on offer, ForexBrokers.com rates Saxo 5 stars and ranks it #3 out of 63 for Range of Investments, whereas FP Markets is rated 4.5 stars and ranked #19.
Saxo also provides access to exchange-traded shares on U.S. and international exchanges (so you can buy stocks like Apple in the U.S. or Vodafone in London), while FP Markets does not offer exchange-traded shares and focuses on CFDs. Both brokers support copy trading, do not offer delivered cryptocurrency, and do offer crypto CFDs. Choose Saxo if you want the widest selection and access to listed shares; pick FP Markets if you prefer a leaner lineup that still covers popular markets and copy trading.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 10000 |
| Forex Pairs (Total) | 190 | 71 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | 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 vs FP Markets: both brokers check the key boxes for trading platforms and tools. Each offers a free demo account, a proprietary (in‑house) platform, a Windows desktop download, and a web-based platform. On independent ratings, Saxo leads with 5 stars and ranks #1 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while FP Markets earns 4 stars and ranks #23.
Both brokers support copy trading and let you place trades directly from charts. The biggest platform difference is MetaTrader: Saxo does not support MT4 or MT5, whereas FP Markets offers both MT4 and MT5. If you want MetaTrader’s ecosystem, FP Markets is the clear pick. If you prefer a highly rated, all-in-one proprietary platform experience, Saxo stands out.
| 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 | Yes | 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 deliver iPhone and Android apps with price alerts, trendline drawing, and auto-saving for chart annotations. The big difference is watchlists: Saxo syncs your symbols across mobile and web, while FP Markets does not. For charting depth, Saxo packs in 64 technical studies in its app, whereas FP Markets relies on MetaTrader’s default set of indicators.
Independent testing backs up these differences: Saxo earns 5 stars and ranks #2 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while FP Markets holds 4 stars and ranks #18. If you want richer built-in charting and seamless watchlist syncing, Saxo is the better fit; if you’re comfortable with MetaTrader’s standard tools, FP Markets remains a capable choice.
| 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.
Both Saxo and FP Markets provide comprehensive market research features, ensuring traders are equipped with essential daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. These brokers also offer valuable tools from Autochartist, which help in technical and fundamental analysis. While both include sentiment-based trading tools and maintain an economic calendar for global news events, FP Markets also distinguishes itself by offering tools from Trading Central, enhancing its research capabilities further in certain areas.
Despite this, Saxo stands out with a superior research reputation, earning a perfect 5-star rating for its extensive services. In contrast, FP Markets holds a sturdy 4-star rating. Ranked #1 out of 63 brokers by ForexBrokers.com in the Research category, Saxo clearly sets a high benchmark, while FP Markets, ranked at #25, still offers valuable resources but with a slightly lesser emphasis than its competitor.
| 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 | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo vs FP Markets for beginner education: both brokers support new traders with forex and CFD learning. Each hosts online client webinars at least once a month and offers a sizeable video library, including 10+ beginner videos to cover the basics. When you’re ready to go further, both also provide 10+ advanced videos to help you keep building skills.
In the ratings, Saxo earns 5 stars for Education and is ranked #13 out of 63 brokers by ForexBrokers.com, while FP Markets earns 4 stars and ranks #23. If you want the higher-rated education option, Saxo edges ahead; FP Markets remains a strong choice with frequent webinars and plenty of beginner-friendly videos.
| 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 an exclusive 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 89 |
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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 | 89 | |
| Winner | check_circle | ||
| Review | Saxo Review | FP Markets Review |
| Broker Screenshots | Saxo | FP Markets | |
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| Regulation | Saxo | FP Markets | |
|---|---|---|---|
| Trust Score | 99 | 89 | |
| 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) | Yes | No | |
| Japan (SFC 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 SCA 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) | 70000 | 10000 | |
| Forex Pairs (Total) | 190 | 71 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | 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) - Standard account | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.7 | |
| Inactivity Fee | Yes | 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 | No | No |
| Trading Platforms | Saxo | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | 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 | Yes | 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 | 89 | |
| Winner | check_circle | ||
| Review | Saxo Review | FP Markets Review |
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