Written by ForexBrokers.com
In this head to head comparison of Saxo vs FXPrimus, 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 FXPrimus, it's important to consider their trust ratings and regulatory standings. Saxo, established in 1992, is a highly rated online broker with a ForexBrokers.com Trust Score of 99, indicating a high level of trust. It operates as a bank and boasts an impressive number of regulatory approvals with 7 Tier-1 licenses, reflecting its strong compliance with top financial authorities. Additionally, Saxo holds 1 Tier-2 license. Conversely, FXPrimus, founded in 2009, has a Trust Score of 71, classifying it as an average-risk broker. Unlike Saxo, FXPrimus is not a bank and has only 1 Tier-1 license without any Tier-2 licenses.
Neither Saxo nor FXPrimus is publicly traded on any stock exchange, which may influence transparency factors for some investors. However, Saxo's numerous Tier-1 licenses and its status as a bank may provide additional layers of security and trust for customers, compared to FXPrimus's more limited regulatory framework. Potential clients looking for stable and trusted brokerage services might be more inclined to consider Saxo due to these factors, although both firms have their distinct sets of advantages based on individual investor needs.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Saxo scores 5 out of 5 stars and ranks #9 of 63 brokers at ForexBrokers.com, while FXPrimus earns 4 out of 5 stars and ranks #43 of 63. Saxo publishes detailed pricing and spread data, whereas FXPrimus does not provide average spread figures, making direct price comparisons harder.
Saxo delivers excellent all‑around pricing and is commission‑free for forex (spreads only). One exception: traders who trade under 50,000 units per month pay a $3 per side ticket fee. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips lower. Pricing on Platinum and VIP sits closer to the industry average, while Classic is slightly higher; active, high‑volume traders and clients with larger balances tend to see the best value. Saxo also waives custody fees for share trading if you opt into securities lending.
Account minimums at Saxo are $0 for Classic, $200,000 for Platinum (AUD 300,000 for Australian forex traders), and $1,000,000 for VIP. Upgrades are possible via Saxo’s Loyalty Program (for example, roughly $40 million in forex volume can unlock Platinum for a year, and about $167 million can unlock VIP). FXPrimus does not publish comparable average spread data or tier specifics, which is reflected in its lower 4‑star rating and #43 ranking relative to Saxo’s 5‑star, #9 standing.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo vs FXPrimus: for range of investments, Saxo clearly offers more. Saxo lists about 70,000 tradeable symbols and 190 forex pairs, compared with FXPrimus’s 140 symbols and 42 pairs. Both support forex trading as CFDs or spot. Saxo also lets clients buy exchange-traded stocks on U.S. and international exchanges (for example, Apple on NASDAQ and Vodafone in London), while FXPrimus does not offer exchange-traded securities. Both brokers provide copy trading and let you trade cryptocurrency via CFDs, but neither supports buying actual crypto.
Ratings reflect the gap: Saxo earns 5 stars and ranks #3 of 63 for Range of Investments, while FXPrimus earns 3.5 stars and ranks #60. Choose Saxo if you want access to many markets and the ability to buy shares directly; pick FXPrimus if you’re comfortable with a smaller lineup focused on CFDs and forex with copy trading.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 140 |
| Forex Pairs (Total) | 190 | 42 |
| 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 and FXPrimus both let you practice with a free demo account and offer their own in-house platforms. Each provides a web platform and a Windows desktop app, plus copy trading. You can place trades straight from the chart with either broker. Both include watchlists and technical indicators, though the exact counts vary by platform.
The key difference is MetaTrader support: FXPrimus offers both MT4 and MT5, while Saxo does not, focusing instead on its proprietary platform suite. In testing of trading platforms and tools, Saxo earned 5 stars and ranked #1 out of 63 brokers, while FXPrimus received 4 stars and ranked #50. If you want MetaTrader, FXPrimus fits the bill; if you prefer the highest-rated in-house platform experience, Saxo is the pick.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| 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 vs FXPrimus mobile trading apps: both brokers offer iPhone and Android apps, and both support price alerts. According to ForexBrokers.com, Saxo’s mobile app earns 5 stars and ranks #2 out of 63 brokers, while FXPrimus earns 4 stars and ranks #49. If you want a higher-rated app with more depth, Saxo has the edge; FXPrimus still covers the essentials.
For charting, Saxo includes 64 technical studies compared with 30 at FXPrimus. Both apps let you draw trendlines, and they auto-save your drawings. A key difference is watchlist syncing: Saxo syncs watchlists between the mobile app and your online account, while FXPrimus does not. Traders who switch between phone and desktop may value Saxo’s syncing, whereas FXPrimus can suit users who mostly trade on one device.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Saxo vs FXPrimus for market research: both brokers provide daily market commentary and an economic calendar. Saxo goes further with forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, plus Autochartist-powered technical tools and a sentiment indicator showing long/short positioning. Neither broker offers Trading Central. Saxo does not include TipRanks or Acuity Trading; FXPrimus does not list support for TipRanks or Acuity Trading.
For depth and variety of research, Saxo leads: it earns 5 stars and ranks #1 out of 63 brokers at ForexBrokers.com. FXPrimus delivers the basics but fewer advanced tools, earning 3 stars and ranking #59. Traders who want premium news and built-in analysis tools may prefer Saxo, while those needing essential updates and a calendar can consider FXPrimus.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
In a Saxo vs FXPrimus education comparison for beginners, Saxo stands out. Both brokers host online client webinars at least once a month, but Saxo backs this up with a wide library of forex and CFD education, including 10+ beginner videos and 10+ advanced videos you can grow into. FXPrimus also teaches through webinars, yet its on‑demand video catalog for both beginners and advanced traders falls short of the 10‑video mark.
If you want a clear learning path from first steps to more complex strategies, Saxo is the stronger choice. ForexBrokers.com rates Saxo’s education 5 stars and ranks it 13th out of 63 brokers, while FXPrimus earns 3 stars and sits at 51st. For casual learners who mainly want occasional webinars, FXPrimus can still work, but dedicated beginners will likely progress faster with Saxo’s richer material.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Webinars | Yes | Yes |
| 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 FXPrimus. Saxo finished with an overall rank of #3, while FXPrimus finished with an overall rank of #53.
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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FXPrimus
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| Trust Score | 99 | 71 |
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In a Saxo vs FXPrimus comparison, neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
Comparing online brokers Saxo and FXPrimus for deposit and withdrawal methods: neither supports ACH or SEPA; Saxo does not offer PayPal or Skrill but does support bank wire transfers, while the availability of PayPal, Skrill, Visa/Mastercard, and bank wires at FXPrimus—and Visa/Mastercard at Saxo—was not specified.
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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | FXPrimus | |
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| Regulation | Saxo | FXPrimus | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1992 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 140 | |
| Forex Pairs (Total) | 190 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXPrimus | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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