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Saxo vs FXGT.com 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Saxo vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Saxo
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 70000
FXGT.com
3.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 69
  • Tradeable Symbols (Total): 117

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.

Regulation

When comparing online brokers, Saxo and FXGT.com show distinct differences, especially in terms of regulatory oversight and trust scores. Established in 1992, Saxo is a well-seasoned participant in the online brokerage market and operates as a bank, which may offer an added layer of reassurance to its users. While it is not publicly traded, Saxo sets itself apart with an impressive seven Tier-1 licenses, aligning it with the highest level of trust as per ForexBrokers.com’s rating system. This results in Saxo achieving a perfect Trust Score of 99 out of 99, reflecting its strong regulatory standing and customer confidence.

Conversely, FXGT.com, a newer entrant founded in 2019, does not operate as a bank and is not publicly traded. Its regulatory footprint includes holding just one Tier-1 license and one Tier-2 license. This places FXGT.com in a higher risk category with a ForexBrokers.com Trust Score of 69 out of 99, indicating a need for cautious consideration by potential users. For those prioritizing trust and regulation in choosing a broker, Saxo clearly leads in providing a more strongly regulated platform.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Year Founded info 1992 2019
Publicly Traded (Listed) info No No
Bank info Yes No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

When comparing Saxo and FXGT.com for their commissions and fees, Saxo stands out with a stellar 5-star rating, placing it as the 9th best out of 63 brokers. Saxo is favored for its competitive pricing, especially for active traders and those maintaining significant account balances. Its pricing is among the industry's lowest for Platinum and VIP account holders, reflecting average spreads on EUR/USD of 1.0 and 0.9 pips respectively, during November 2023. Notably, Saxo offers commission-free forex trading, apart from a small ticket fee for low-volume traders. A significant advantage with Saxo is that its account minimums have been reduced, enabling easier access to its services. The Classic account no longer requires a minimum deposit, although its spreads are slightly above the industry average.

Saxo's Platinum and VIP accounts cater to serious investors with minimum deposits of $200,000 and $1,000,000 respectively. These accounts reward high trading volumes with reduced spreads, waiver of custody fees for those enrolled in securities lending, and exclusive events for VIP traders. Saxo's overarching approach supports an elite trading experience while rewarding loyalty through its points-based upgrade system. This comprehensive package contributes to its high rating and commendation for client satisfaction.

In contrast, FXGT.com has a 3.5-star rating, ranking 56th out of the 63 brokers evaluated for commissions and fees by ForexBrokers.com. Unfortunately, specific average spread data for FXGT.com is not available, making it harder to provide a detailed comparison on pricing. This may lead potential traders to lean towards more transparent options like Saxo for a clearer understanding of costs and potential savings associated with their trades.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Minimum Deposit info $0 $5
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments offered by Saxo and FXGT.com, it's clear that Saxo provides a more extensive selection. Saxo offers a staggering 70,000 tradable symbols and access to 190 forex pairs, allowing investors a broad canvas of opportunities. In contrast, FXGT.com offers 117 tradable symbols with 53 forex pairs, providing a narrower array of choices. Both platforms support forex trading as contracts for difference (CFDs) or spot contracts, and offer copy trading services. However, while Saxo clients can buy exchange-traded securities on U.S. and international exchanges, including stocks like Apple and Vodafone, FXGT.com does not provide this option.

Regarding cryptocurrency investments, both Saxo and FXGT.com provide access to cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. In terms of overall range of investments, Saxo is rated highly with five stars and ranks third among 63 brokers on ForexBrokers.com. FXGT.com, meanwhile, holds a three-star rating and is positioned at rank 61 in the same category. This makes Saxo a more suitable choice for those seeking a wider array of investment options.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 117
Forex Pairs (Total) info 190 53
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Saxo and FXGT.com both provide access to trading through easy-to-use platforms, but they cater to different preferences. Saxo stands out with its proprietary, in-house developed platform, providing users with a tailored trading experience. It also supports trading on Windows desktops and via web browsers, along with unique features like paper trading and copy trading. Interestingly, Saxo does not offer Metatrader platforms. Instead, it focuses on sophisticated charting tools with 20 drawing options, the ability to trade directly from stock charts, and extensive watch list management with 60 customizable columns. With these offerings, Saxo receives a top-tier rating from ForexBrokers.com.

On the other hand, FXGT.com leverages popular third-party platforms like MetaTrader 4 and MetaTrader 5, making it an attractive option for traders familiar with these systems. FXGT.com also offers Windows desktop and web browser platforms, along with paper trading and copy trading options. The platform excels with 23 chart drawing tools and a direct trading feature from charts, although it has fewer options for customizing watch lists with only five columns. Despite being ranked lower by ForexBrokers.com, FXGT.com maintains a commendable four-star rating for its trading tools, especially for those who appreciate the reliability of established trading software.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 64 37
Charting - Drawing Tools (Total) info 20 23
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 60 5

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Saxo and FXGT.com both offer mobile trading solutions compatible with iPhone and Android devices, ensuring ease of access for traders on the go. Both apps provide essential features such as price alerts for stocks and forex, along with the ability to sync watchlists across devices. This syncing capability ensures that users always have access to the same information, whether they are using the mobile app or the online platform. While both brokers allow for trendline drawing and viewing multiple time frames on charts, Saxo stands out with 64 technical studies, compared to FXGT.com’s 30, giving savvy traders a richer set of tools for technical analysis.

Both Saxo and FXGT.com enable traders to create watchlists with real-time quotes, and their apps support auto-saving of chart drawings. However, when it comes to user satisfaction and recognition, Saxo is rated highly, with a perfect 5-star rating for its mobile trading app, ranking it #2 out of 63 brokers according to ForexBrokers.com. On the other hand, FXGT.com holds a 3.5-star rating, placing it at #58. This significant difference in rankings and ratings highlights Saxo’s edge in delivering a more acclaimed and user-friendly mobile trading experience.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, Saxo stands out with its comprehensive offering. The broker provides daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Saxo also includes technical analysis tools from Autochartist and a sentiment-based trading tool that displays the ratio of long or short positions across different instruments. Additionally, Saxo features an economic calendar that tracks important global events. This strong suite of research tools earns Saxo a five-star rating for research and the top spot in the research category among 63 brokers, according to ForexBrokers.com.

In comparison, FXGT.com offers a more modest selection of market research tools and resources. The platform lacks daily market commentary and news from high-profile sources, and it does not provide tools from Autochartist. However, like Saxo, FXGT.com offers a sentiment-based trading tool and an economic calendar to keep traders informed about global market events. FXGT.com's offerings result in a three-star rating for research and rank it 56th out of 63 brokers in the research category by ForexBrokers.com. While both brokers offer basic tools for market tracking, Saxo delivers a more extensive and high-quality research experience.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginner traders, Saxo stands out with a comprehensive suite of offerings. Beginners can access more than ten educational pieces, including insightful articles and engaging videos, specifically focused on forex and CFDs. Saxo also excels in delivering ongoing learning opportunities through educational webinars held monthly, with a searchable archive available for past recordings. The broker caters to both new and experienced traders with a library of videos tailored to different skill levels. Furthermore, Saxo offers an investor dictionary, simplifying complex trading terms for novice traders. This rich combination of resources has earned Saxo a 5-star rating for education and a commendable 13th place ranking out of 63 on ForexBrokers.com.

In comparison, FXGT.com falls behind Saxo in its educational offerings for beginner traders. While it does provide an investor dictionary with a comprehensive list of terms, it lacks in other areas. FXGT.com does not offer a substantial collection of educational materials tailored for beginners, nor does it host monthly webinars or maintain an archive of recordings for later viewing. This limited educational support is reflected in its 3-star rating for education and a 60th place ranking on ForexBrokers.com. Overall, beginners might find Saxo's extensive resources more beneficial in their learning journey.

Feature Saxo logoSaxo
FXGT.com logoFXGT.com
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than FXGT.com. Saxo finished with an overall rank of #3, while FXGT.com finished with an overall rank of #59.

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 logoSaxo
FXGT.com logoFXGT.com
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 69
Range of Investments 5/5 Stars 3/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Saxo or FXGT.com?

Both Saxo and FXGT.com do not offer the ability to buy actual delivered cryptocurrencies, but they both provide the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers Saxo and FXGT.com, both offer Visa or Mastercard and bank wire options for depositing or withdrawing account funds, but only FXGT.com supports ACH or SEPA transfers, while neither broker offers PayPal or Skrill as payment options.




announcementPlease 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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Compare

0 of 5
Overall Rating Saxo FXGT.com
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 99 69
Winner check_circle
Review Saxo Review
Broker Screenshots Saxo FXGT.com
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Saxo FXGT.com
Trust Score info 99 69
Year Founded info 1992 2019
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) Saxo FXGT.com
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Saxo FXGT.com
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes info No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Saxo FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 117
Forex Pairs (Total) info 190 53
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 FXGT.com
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Saxo FXGT.com
Minimum Deposit info $0 $5
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms Saxo FXGT.com
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Saxo FXGT.com
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 60 5
Charting - Indicators / Studies (Total) info 64 37
Charting - Drawing Tools (Total) info 20 23
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Saxo FXGT.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Saxo FXGT.com
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Saxo FXGT.com
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Saxo FXGT.com
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Saxo Review
Overall Saxo FXGT.com
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 99 69
Winner check_circle
Review Saxo Review
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