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.
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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 |
When comparing Saxo and FXPrimus based on commissions and fees, Saxo stands out for its excellent pricing structure, especially beneficial for active and high-volume traders. Saxo offers three types of accounts - Classic, Platinum, and VIP - with EUR/USD average spreads of 1.1, 1.0, and 0.9 pips, respectively, as of November 2023. Notably, Saxo's Platinum and VIP accounts offer competitive pricing, aligning closely with industry standards, while the Classic account is slightly above average. Alongside its pricing benefits, Saxo provides commission-free forex trading, with exceptions for minimal trading volumes, where a $3 fee per side applies for trading fewer than 50,000 units in a month.
FXPrimus, on the other hand, lacks specific average spread data, making direct comparisons less transparent. However, based on overall ratings, Saxo achieves a higher score of 5 out of 5 stars for commissions and fees, outperforming FXPrimus, which is rated 4 out of 5 stars. Saxo's edge in cost-effectiveness and its #9 ranking out of 63 brokers by ForexBrokers.com in the Commissions and Fees category underscores its superior value for money. Meanwhile, FXPrimus holds a lower ranking at #42, indicating potential room for improvement in this aspect of its service.
Saxo offers flexible account tier upgrades through its Loyalty Program, benefiting those able to meet volume requirements. This, coupled with no minimum deposit requirement for its Classic account and waived custody fees for certain conditions, adds to its appeal for serious investors. In contrast, FXPrimus lacks these premium features and incentives. Ultimately, for traders seeking cost-effective and scalable brokerage services, Saxo provides an advantageous framework, especially for those who can leverage its high-volume discounting and specialty services in its VIP and Platinum accounts.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Saxo stands out significantly compared to FXPrimus. Saxo offers a comprehensive selection with 70,000 tradeable symbols including 190 forex pairs, as well as the ability to trade exchange-listed securities on both U.S. and international exchanges. This broad accessibility enables Saxo clients to explore investments such as Apple shares and Vodafone stocks. On the other hand, FXPrimus provides access to 140 tradeable symbols, with 42 forex pairs available for traders. Unlike Saxo, FXPrimus does not allow users to purchase equities on U.S. or international markets, limiting their scope in securities trading.
Both Saxo and FXPrimus offer forex trading through CFDs and spot contracts, as well as the ability to engage in cryptocurrency derivatives, yet neither facilitates the purchase of actual cryptocurrencies. Copy trading is another feature accessible on both platforms. However, the sheer diversity and magnitude of choices give Saxo an edge, leading to its five-star rating and a #3 rank for range of investments as per ForexBrokers.com. Conversely, FXPrimus, with a narrower selection, earns a 3.5-star rating and is ranked #59 out of 63 brokers in the same category, highlighting the significant difference in the breadth of options available from the two brokers.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 140 |
| Forex Pairs (Total) | 190 | 42 |
| 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.
When it comes to comparing online brokers Saxo and FXPrimus, both offer a solid range of trading platforms and tools. Both brokers provide free virtual demo accounts, as well as proprietary platforms developed in-house. They also feature Windows-based desktop platforms and web-based trading options. For traders interested in social trading, both Saxo and FXPrimus support copy trading services. However, one of the major differences lies in their support for MetaTrader platforms; FXPrimus supports both MT4 and MT5, while Saxo does not offer either. Neither broker offers DupliTrade or ZuluTrade options.
In terms of charting features, Saxo allows for more customization with 20 drawing tools compared to FXPrimus's 15. Additionally, Saxo supports more fields for watch lists, offering 60 columns versus FXPrimus's 7. Both brokers provide the ability to trade directly from a stock chart. With these features, Saxo is highly rated with 5 stars for its trading platforms and tools and is ranked #1 out of 63 brokers by ForexBrokers.com. In contrast, FXPrimus receives 4 stars and ranks at #49, reflecting a less comprehensive, but still capable, offering for traders.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and FXPrimus offer mobile trading apps for iPhone and Android, enabling users to trade on the go. While both brokers provide features such as price alerts and the ability to draw trendlines on charts, they differ in some key areas. Saxo allows for watchlist symbol syncing, meaning your watchlist changes are consistent between the app and the online account, a feature not yet available with FXPrimus. Saxo also offers a more comprehensive charting experience with 64 technical studies compared to FXPrimus's 30.
When it comes to user ratings, Saxo's mobile app impresses with a full 5-star rating, positioning it as the number two choice out of 63 brokers according to ForexBrokers.com. FXPrimus, while still competitive with a 4-star rating, stands at the 48th position. Both apps allow for multiple time frame views and auto-save chart drawings, as well as creating watchlists with real-time quotes. Ultimately, for users seeking a seamless mobile trading experience with advanced features and higher user satisfaction, Saxo appears to have the upper hand.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
Both Saxo and FXPrimus provide daily market commentary to keep traders informed, but their offerings differ significantly when it comes to the quality and range of market research tools. Saxo stands out by providing forex news from renowned sources like Bloomberg and Reuters, whereas FXPrimus does not offer news from these top-tier providers. Additionally, Saxo offers technical analysis tools from Autochartist and a sentiment-based trading tool that displays the ratio of long or short positions across different currency pairs. In comparison, FXPrimus lacks these tools entirely, potentially leaving traders in need of comprehensive market insight and advanced analytical instruments.
Both platforms offer an economic calendar that highlights key global news events, ensuring traders can stay updated on significant economic updates. However, for those seeking a wealth of research tools in the trading space, Saxo takes the lead. It boasts a research rating of 5 stars and is positioned as the top broker by ForexBrokers.com out of 63 brokers in the Research category. On the other hand, FXPrimus holds a lower research rating of 3 stars and ranks #58, which may suggest limited offerings in market research that could impact informed decision-making. Overall, Saxo presents a more comprehensive array of market research tools, making it a top choice for those prioritizing extensive research capabilities.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Saxo and FXPrimus each provide valuable options for those looking to learn about forex and CFDs. Both brokers excel in offering a variety of educational materials, including more than ten articles, videos, and archived webinars focusing on these topics. This breadth of resources ensures that beginners have a strong foundation to start their trading journey. Additionally, each broker conducts monthly online educational webinars, with Saxo and FXPrimus both maintaining an archive of recorded sessions to give users the flexibility to learn at their own pace.
However, there are notable differences in their offerings. Saxo goes a step further with more beginner-friendly educational videos, while FXPrimus doesn't quite meet the same quantity. For advanced traders, Saxo shines with an extensive collection of specialized content that FXPrimus lacks. Saxo also offers an investor dictionary containing over 50 definitions for investing terms, an area where FXPrimus falls short. Saxo's dedication to comprehensive educational resources is reflected in its perfect 5-star rating and 13th place ranking for education among 63 brokers, compared to FXPrimus’s 3-star rating and ranking of 51st. Overall, Saxo stands out as the superior choice for beginners seeking in-depth educational support in their trading endeavors.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Saxo and FXPrimus do not provide options to buy actual delivered cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
Both Saxo and FXPrimus allow deposits and withdrawals via Visa, Mastercard, and bank wires; however, FXPrimus also supports transactions through Skrill, whereas neither broker provides options for ACH, SEPA transfers, or PayPal.
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 |
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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 | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 140 | |
| Forex Pairs (Total) | 190 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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