Written by ForexBrokers.com
In this head to head comparison of Saxo vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Comparing Saxo and FxPro, two well-known online brokers, reveals key distinctions in their regulatory credentials and levels of trust. Saxo, established in 1992, operates as a bank and isn’t publicly traded. It holds an impressive 7 Tier-1 licenses, which are indicators of high trust, according to ForexBrokers.com. This commitment to compliance is reflected in Saxo's near-perfect Trust Score rating of 99. In contrast, FxPro, founded in 2006, is also a non-publicly traded bank, but it maintains 2 Tier-1 licenses along with 1 Tier-2 license, earning a solid Trust Score of 93.
Both Saxo and FxPro possess Tier-2 licenses, demonstrating reliability in meeting global regulatory standards. Yet, Saxo's greater number of Tier-1 licenses positions it as highly trustworthy in the financial markets, offering peace of mind to clients seeking enhanced security and stability. FxPro, with its commendable level of trust and adherence to regulatory measures, still stands as a reliable broker choice for those navigating the forex landscape.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Year Founded | 1992 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo vs. FxPro on commissions and fees: Saxo earns 5/5 stars and ranks #9 of 63 for Commissions and Fees at ForexBrokers.com, while FxPro scores 4/5 stars and ranks #33 of 63. Saxo tends to be the better value for active or high‑volume traders and those with larger balances, with pricing that can be among the lowest in the industry. FxPro’s overall pricing sits higher than the industry average, though its cTrader account with commission-based pricing is its most competitive option.
Saxo is commission-free for forex, so you pay the spread; the only exception is a $3-per-side ticket fee if you trade under 50,000 units per month. As of November 2023, average EUR/USD spreads were 1.1 pips on the Classic account (minimum about 0.9), 1.0 on Platinum, and 0.9 on VIP. Platinum and VIP are closer to the industry average, while Classic runs slightly higher. Minimum deposits: Classic $0, Platinum $200,000 (AUD 300,000 in Australia for forex), and VIP $1,000,000 or qualification via Saxo’s Loyalty Program. Saxo also waives custody fees for share trading if you opt into securities lending, and its VIP tier adds extra perks.
FxPro’s most competitive pricing is on cTrader, where EUR/USD averaged about 0.37 pips plus a commission equivalent to 0.9 pips, for an effective cost near 1.27 pips. On MT4/MT5 with variable spreads, EUR/USD was about 1.58 pips on market execution (1.51 on MT5) and 1.71 pips with instant execution; fixed spreads are available on MT4 but not MT5. Execution matters: instant execution can requote but avoids slippage, while market execution can slip but avoids requotes. cTrader has no minimum stop/limit distance, whereas MetaTrader requires at least 1 pip, even on the Elite account. FxPro’s Elite/Active Trader program offers up to 30% discounts, but its net pricing still trails top competitors like Saxo.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.51 |
| All-in Cost EUR/USD - Active | 0.9 | 1.27 |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than FxPro. Saxo lists about 71,000 tradeable instruments compared with FxPro’s 2,249, including 190 forex pairs versus 70 at FxPro. Both brokers support forex trading, whether as CFDs or spot contracts, and both provide access to cryptocurrency via CFDs (neither lets you buy actual coins).
Saxo also lets clients buy exchange-traded stocks on U.S. markets like NASDAQ, as well as shares on international exchanges. FxPro does not offer U.S.-listed shares, though it does provide access to some international exchange-traded securities. Only FxPro offers copy trading; Saxo does not. Reflecting these differences, ForexBrokers.com rates Saxo 5/5 for Range of Investments and ranks it 3rd out of 63 brokers, while FxPro earns 4/5 stars and ranks 29th.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 2249 |
| Forex Pairs (Total) | 190 | 70 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | 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 FxPro: Both brokers offer free demo (paper) accounts, proprietary platforms, Windows desktop downloads, and web-based trading platforms. Each also lets you place orders straight from charts, making it easy to analyze and trade in one screen.
The big differences are third‑party software and social features: FxPro supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and copy trading, while Saxo does not. In independent testing by ForexBrokers.com, Saxo earns 5 stars and ranks #1 out of 63 for Trading Platforms and Tools, while FxPro scores 4 stars and ranks #17. If you want MetaTrader and copy trading, choose FxPro; if you prefer a high‑rated in‑house platform experience, Saxo stands out.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FxPro both deliver full-featured mobile trading apps for iPhone and Android. Each app offers price alerts for stocks and forex, watchlist syncing with your online account, and charting tools that include drawing trendlines with drawings saved automatically. For built-in chart studies (indicators), Saxo provides 64 while FxPro includes 65, giving FxPro a slight edge in quantity.
When it comes to quality scores, Saxo stands out with a 5-star Mobile Trading Apps rating and a #2 ranking out of 63 brokers on ForexBrokers.com. FxPro earns a strong 4.5-star rating and ranks #15. In short: choose FxPro if having one extra study matters, but pick Saxo if overall app ratings and industry ranking are your top priorities.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Saxo and FxPro provide a solid foundation for traders seeking insights and analysis. Both platforms deliver daily market commentary, alongside forex news sourced from industry-leading outlets such as Bloomberg and Reuters. They also equip users with sentiment-based tools, displaying ratios of long and short positions across various trading instruments, and comprehensive economic calendars highlighting key global news events. This essential information helps traders stay informed and make educated decisions throughout their trading journey.
While Saxo and FxPro each have their strong points, differences do exist in their offerings. Saxo shines with its inclusion of technical and fundamental research tools from Autochartist, which FxPro lacks. Conversely, FxPro provides access to tools from Trading Central, something not offered by Saxo. Based on these offerings, Saxo has earned a top rating of 5 stars for research from ForexBrokers.com, ranking it first among 63 brokers. In comparison, FxPro holds a respectable 4-star rating, placing it 26th in the same category.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Saxo vs FxPro for beginner education, both brokers provide forex and CFD learning content with at least 10 pieces available, but Saxo offers a more complete path for new traders. Saxo runs monthly client webinars, has 10+ beginner videos plus 10+ advanced videos, and earns 5 stars for Education, ranking 13th out of 63 brokers on ForexBrokers.com. FxPro also supplies 10+ beginner videos and a solid library, but it does not host monthly educational webinars and lacks 10+ advanced videos; it earns 4 stars and ranks 18th out of 63.
If you want live learning and a deeper video catalog that takes you from basics to more advanced strategies, Saxo is the stronger pick. If your priority is quick, beginner-friendly videos and you don’t need regular webinars or a large advanced section, FxPro can still be a good fit.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro. Saxo finished with an overall rank of #3, while FxPro finished with an overall rank of #21.
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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FxPro
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| Trust Score | 99 | 93 |
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Saxo vs FxPro: neither broker supports buying actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Online broker comparison: FxPro vs Saxo — FxPro supports ACH/SEPA, PayPal, Skrill, and bank wire transfers for deposits and withdrawals, while Saxo offers only bank wires and does not support ACH/SEPA, PayPal, or Skrill.
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 | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Saxo Review | FxPro Review |
| Broker Screenshots | Saxo | FxPro | |
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| Regulation | Saxo | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1992 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 2249 | |
| Forex Pairs (Total) | 190 | 70 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.9 | 1.27 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | Saxo | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | Saxo | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Saxo Review | FxPro Review |
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