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 |
Saxo and FP Markets both earn 5 out of 5 stars for commissions and fees. In ForexBrokers.com’s 2024 rankings, Saxo places #8 of 63, while FP Markets ranks #11 of 63. The key difference is pricing model: Saxo is spread‑only for forex (with one low‑activity exception), favoring high‑volume or high‑balance traders who can access tighter tiers, whereas FP Markets shines with its commission‑based Raw ECN setup that delivers ultra‑low spreads plus a flat commission.
Saxo’s average EUR/USD spreads as of November 2023 were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips lower. Forex trading is commission‑free; however, traders doing less than 50,000 units per month pay a $3 ticket fee per side. The Classic account now has a $0 minimum deposit, while Platinum typically requires $200,000 (AUD 300,000 in Australia) and VIP targets larger deposits or qualifying volume via loyalty upgrades. Saxo also waives share‑trading custody fees if you opt into securities lending.
FP Markets is highly competitive on MetaTrader and cTrader, especially with its Raw ECN account: as of October 2023, EUR/USD averaged 0.1 pips (about 0.8 pips all‑in after a $6 per round‑turn per standard lot commission). The Standard account averaged 1.1 pips with no commission. In Australia, the Iress ViewPoint suite has tiered account minimums (AUD 1,000/25,000/50,000) and platform/data fees that are waived if you hold Premier status or generate at least AUD 150 in monthly commissions; the lower‑cost Iress Investor option has no monthly fees but fewer features. Bottom line: Saxo’s spread‑only model can be attractive for larger or more active accounts, while FP Markets’ Raw ECN offers very sharp all‑in costs for traders who prefer a commission‑plus‑spread structure.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | 0.9 |
| 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.
Saxo and FP Markets both let you trade forex as CFDs or spot, and both offer crypto CFDs (neither supports buying actual crypto). Where they differ is market coverage: Saxo lists about 71,000 tradable instruments and 190 forex pairs, while FP Markets offers roughly 10,000 instruments and 71 forex pairs. Saxo also lets clients buy exchange‑traded securities (not CFDs) on U.S. and international exchanges—think Apple on NASDAQ or Vodafone in London—whereas FP Markets does not provide access to real shares on those markets.
Feature-wise, FP Markets supports copy trading, while Saxo does not. For Range of Investments, ForexBrokers.com rates Saxo at 5 stars (ranked #3 of 63) and FP Markets at 4.5 stars (ranked #16 of 63). In short, choose Saxo if you want the widest selection and the ability to buy real stocks alongside CFDs; choose FP Markets if copy trading is a priority within a solid CFD and forex lineup.
| Feature |
Saxo
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 10000 |
| Forex Pairs (Total) | 190 | 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 deliver modern trading platforms and tools. Each broker offers a free demo account, a proprietary platform, a Windows desktop download, a web-based platform, and the ability to place trades directly from charts. In independent testing, Saxo’s platforms earned 5 stars and rank #3 out of 63 brokers for Trading Platforms and Tools, while FP Markets earned 4 stars and ranks #22 out of 63.
The biggest differences are platform choices and social features. FP Markets supports copy trading and gives you access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Saxo does not offer copy trading and does not support MT4 or MT5. If you want MetaTrader or copy trading, FP Markets is the better fit. If you value an in-house platform suite with higher third-party ratings, 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 | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 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. Each app supports price alerts, drawing trendlines on charts, and auto-saving your chart annotations. Saxo’s app includes 64 technical studies, while FP Markets relies on MetaTrader’s default indicator set, which may suit traders who like the MetaTrader layout but offers fewer built-in studies than Saxo.
Saxo also syncs watchlists between its mobile app and the web platform so changes carry over automatically, while FP Markets does not sync watchlists across devices. Independent ratings from ForexBrokers.com show Saxo at 5 stars and ranked #3 out of 63 brokers for mobile apps, versus FP Markets at 4 stars and ranked #20. Choose Saxo if you want deeper chart tools and seamless watchlist syncing; pick FP Markets if you prefer the familiar MetaTrader experience and can manage watchlists separately.
| 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 deliver strong market research basics: daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, Autochartist tools, sentiment indicators showing long/short positioning, and a handy economic calendar. Neither broker integrates TipRanks or Acuity Trading. One key difference is Trading Central—FP Markets offers it, while Saxo does not—giving FP Markets an extra layer of chart-driven insights for those who like ready-made trade ideas.
Despite that edge, Saxo leads on overall research quality. ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers for research, while FP Markets earns 4 stars and ranks #22. If you want the highest-rated research experience, Saxo is the standout; if Trading Central matters to your workflow, FP Markets is worth a look.
| 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 and FP Markets both make it easy for beginners to get started with forex and CFD education. Each broker runs client webinars at least once a month and offers a sizable video library with 10+ beginner videos and 10+ advanced videos covering trading topics. That mix gives newcomers a clear path: learn the basics through beginner lessons, then move up to more advanced strategies with ongoing live sessions to reinforce concepts.
For overall quality, Saxo takes the lead: it earns 5 stars for Education and ranks 12th out of 63 brokers on ForexBrokers.com. FP Markets holds its own with a 4-star Education rating and a 22nd-place ranking. If top-rated education is your priority, Saxo edges ahead; if you want regular webinars and plenty of video lessons at both beginner and advanced levels, FP Markets remains a solid alternative.
| 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
|
|---|---|---|
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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 (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 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) | 71000 | 10000 | |
| Forex Pairs (Total) | 190 | 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) - Standard account | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.9 | |
| 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 | 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) | 61 | 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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