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 account | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Saxo vs FXGT.com on range of investments: Saxo offers about 70,000 tradeable symbols and 190 forex pairs, while FXGT.com lists 117 symbols and 53 forex pairs. Both brokers let you trade forex as CFDs or spot, support copy trading, and offer cryptocurrency CFDs (but not direct, delivered crypto).
Saxo also provides access to exchange-traded securities on both U.S. and international exchanges, so you can buy real shares such as Apple in the U.S. or Vodafone in London; FXGT.com does not offer exchange-traded shares. For range of investments, Saxo is rated 5 stars and ranked 3rd out of 63 brokers, whereas FXGT.com is rated 3 stars and ranked 62nd. In short, Saxo suits investors seeking a very wide selection and real stock ownership alongside CFDs, while FXGT.com may fit traders who want a smaller CFD and forex lineup.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 117 |
| Forex Pairs (Total) | 190 | 53 |
| 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 FXGT.com: Both brokers offer free demo (paper) accounts, Windows desktop and web-based trading, copy trading, and the ability to place orders directly from charts. Saxo delivers an in-house platform suite, while FXGT.com does not have its own platform and instead supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Conversely, Saxo does not support MT4 or MT5. If you want a broker-built platform experience, Saxo is the better fit; if you prefer the widely used MetaTrader environment and its plugins, FXGT.com is the natural choice.
For Trading Platforms and Tools, ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers. FXGT.com earns 4 stars and ranks #57. Indicator counts and watchlist column details were not specified for either broker. In short, pick Saxo for a top-rated, proprietary platform across web and desktop, or go with FXGT.com if MT4/MT5 access is your priority. Both let you practice with a free demo before risking real money.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| 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 | 37 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FXGT.com both check the core boxes for mobile trading: each offers an iPhone app and an Android app, price alerts for stocks or forex, and watchlist syncing so symbols match between your phone and your online account. Charting essentials are covered on both platforms too—you can draw trendlines and your drawings auto-save, making it easy to pick up where you left off.
The big difference is depth of charting and overall app quality. Saxo’s mobile app includes 64 technical studies versus 30 on FXGT.com, giving you more indicators to analyze markets on the go. That advantage shows in ratings and rankings: Saxo earns 5 stars and ranks #2 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while FXGT.com scores 3.5 stars and ranks #59. If you want a top-rated, feature-rich mobile charting experience, Saxo stands out; if you only need the main tools, FXGT.com covers the basics.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for forex and CFD education, Saxo stands out. The broker runs client webinars at least once a month and offers 10+ beginner videos that explain core trading topics in plain language, along with 10+ advanced videos to help you progress. This breadth of learning is reflected in its 5/5 Education rating and a #13 ranking out of 63 brokers by ForexBrokers.com.
FXGT.com’s education is leaner. It does not host monthly educational webinars, and it falls short of offering at least 10 beginner videos or 10 advanced videos. That lighter lineup aligns with its 3/5 Education rating and #61 ranking out of 63. If you want a structured learning path with frequent webinars and a deeper video library, Saxo is the stronger choice; FXGT.com may suit self-directed traders who plan to learn from outside resources.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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
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FXGT.com
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| Overall Rating |
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| Trust Score | 99 | 69 |
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Comparing online brokers Saxo and FXGT.com: neither supports purchasing actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Comparing online brokers’ deposit and withdrawal methods: Saxo supports bank wires but not ACH/SEPA, whereas FXGT.com does offer ACH/SEPA; details for both brokers on PayPal, Skrill, and Visa/Mastercard—and for FXGT.com on bank wires—are not provided.
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, FSRA, or SCA 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. 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 | FXGT.com | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | FXGT.com | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| 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 | No |
| Trading Tools | Saxo | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXGT.com | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | Saxo | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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