Written by ForexBrokers.com
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.
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 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
|
FXGT.com
|
|---|---|---|
| Year Founded | 1992 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo stands out for commissions and fees with a 5 out of 5 star rating and a #9 ranking out of 63 brokers, while FXGT.com earns 3.5 out of 5 stars and ranks #57. Saxo is generally commission-free for forex (it earns from the spread), with a $3-per-side ticket fee only if you trade under 50,000 units per month. FXGT.com does not provide average spread data, making direct price comparisons harder.
As of November 2023, Saxo’s typical EUR/USD spreads averaged 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips lower. The Classic account has a $0 minimum deposit, Platinum requires $200,000 (AUD 300,000 in Australia), and VIP is for clients who deposit $1,000,000 or qualify via Saxo’s Loyalty Program (e.g., ~$40M forex volume for Platinum or ~$167M for VIP, each valid for 12 months). Saxo also waives custody fees on share trading if you opt into securities lending and offers VIP perks such as exclusive events and analyst access.
For FXGT.com, average spreads are not available, so traders should verify current spreads and any extra charges before opening an account. Based on ratings and rankings, Saxo offers more competitive and transparent pricing, while FXGT.com is mid-pack for cost. Star ratings: Saxo 5/5 (ranked #9/63); FXGT.com 3.5/5 (ranked #57/63).
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments at Saxo and FXGT.com, Saxo clearly offers a wider selection. Both brokers support forex trading as CFDs or spot contracts, but Saxo lists about 70,000 tradeable symbols and 190 forex pairs, while FXGT.com offers 117 symbols and 53 pairs. Saxo also lets clients buy exchange-traded stocks on both U.S. and international exchanges, whereas FXGT.com does not support direct share dealing. Both provide copy trading. Neither broker sells delivered cryptocurrency, but each offers cryptocurrency derivatives for trading.
These differences show up in third-party ratings: for Range of Investments, Saxo earns 5 out of 5 stars and ranks #3 of 63 brokers on ForexBrokers.com, while FXGT.com scores 3 out of 5 stars and ranks #62. In short, Saxo suits investors seeking a large lineup of markets and real share ownership, while FXGT.com focuses on a smaller menu centered on CFDs, forex, and crypto derivatives.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 117 |
| Forex Pairs (Total) | 190 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 FXGT.com both let you practice with a free demo (paper) account. Saxo offers its own proprietary platform along with Windows desktop and web platforms; FXGT.com also provides Windows and web platforms but uses third‑party software instead of its own. If you want MetaTrader, FXGT.com supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Saxo does not. Copy trading is available at both brokers, and neither supports DupliTrade or ZuluTrade. Both let you place trades directly from charts.
For charting, indicator counts aren’t specified, but drawing tools total 20 at Saxo and 23 at FXGT.com. Watchlist customization is much deeper at Saxo (60 columns) than at FXGT.com (5). According to ForexBrokers.com’s Trading Platforms and Tools ratings, Saxo earns 5 stars and ranks #1 out of 63 brokers, while FXGT.com earns 4 stars and ranks #57. In short, choose FXGT.com if you need MT4/MT5, and pick Saxo if you want a proprietary platform and extensive watchlist control.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FXGT.com both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and watchlist syncing with your online account, so changes carry over between devices. Charting is well covered on both: you can draw trendlines, switch among multiple time frames (intraday to weekly), and your drawings auto-save. The key difference is depth of built-in studies—Saxo offers 64 technical indicators, while FXGT.com provides 30—giving Saxo an edge for traders who lean on technical analysis.
Independent reviews reflect this gap. For Mobile Trading Apps, Saxo holds a 5-star rating and ranks #2 out of 63 brokers on ForexBrokers.com, whereas FXGT.com is rated 3.5 stars and ranks #59 out of 63. If you want richer chart tools and a higher-rated mobile experience, Saxo stands out; if you mainly need the essentials—alerts, syncing, and core charting—FXGT.com covers the basics on both iPhone and Android.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo offers a richer set of market research tools than FXGT.com. Saxo provides daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Autochartist-powered technical analysis, a sentiment tool, and a full economic calendar. It does not integrate Trading Central, TipRanks, or Acuity Trading. By comparison, FXGT.com includes a sentiment tool and an economic calendar, but it lacks daily commentary, top-tier news feeds, and Autochartist; it also does not use Trading Central or Acuity. TipRanks availability at FXGT.com is not specified.
Independent ratings reflect this gap. Saxo earns 5 out of 5 stars for Research and ranks #1 out of 63 brokers on ForexBrokers.com, while FXGT.com receives 3 out of 5 stars and ranks #57. Choose Saxo if you want in-platform news, analysis, and trading insights; pick FXGT.com if basic tools like market sentiment and an economic calendar are enough and you plan to source research elsewhere.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing Saxo and FXGT.com, the education on offer differs a lot. Saxo provides a large library of forex and CFDs education with 10+ articles and videos, plus at least 10 beginner videos that explain trading basics. It runs client webinars at least once a month and keeps a searchable archive of past sessions, so you can learn on your own time. Saxo also adds depth with 10+ advanced videos for when you’re ready to level up, and an investor dictionary covering 50+ terms. FXGT.com offers an investor dictionary with 50+ definitions, but it does not meet the 10-piece threshold for forex/CFD education, does not host monthly client webinars, and does not maintain a searchable webinar archive; it also lacks the 10+ beginner and 10+ advanced video sets.
These differences show up in third-party ratings: ForexBrokers.com rates Saxo 5 stars for Education and ranks it #13 out of 63 brokers, while FXGT.com earns 3 stars and ranks #61. If you want structured learning with frequent webinars, on-demand recordings, and many beginner videos, Saxo is the stronger choice. If you only need a basic glossary of terms, FXGT.com can cover that need.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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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.
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.
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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | FXGT.com | |
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| Regulation | Saxo | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1992 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | Saxo | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 117 | |
| Forex Pairs (Total) | 190 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 5 | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review |
| Overall | Saxo | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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