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.
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.
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 comes out ahead of FxPro on commissions and fees, especially for active and high-volume traders. Saxo is rated 5 stars and ranked #8 out of 36 brokers for Commissions and Fees, while FxPro is rated 4 stars and ranked #31 out of 36 brokers. Saxo’s pricing is generally low, with EUR/USD spreads averaging 1.1 pips on Classic, 1.0 on Platinum, and 0.9 on VIP as of November 2023. It also offers commission-free forex trading in most cases, though accounts trading less than 50,000 units per month pay a $3 per-side ticket fee.
FxPro’s costs are higher than average overall, which puts it behind cheaper competitors. Its best pricing is on cTrader, where commission-based trading results in an effective EUR/USD spread of about 1.27 pips. On MT4 and MT5, variable spreads were higher, with EUR/USD spreads around 1.58 pips on market execution, 1.51 pips on MT5, and 1.71 pips on instant execution based on the broker’s data. FxPro also has a 1-pip minimum distance requirement for stop and limit orders on MetaTrader, which may matter to active traders.
In short, Saxo offers better value for most traders, while FxPro is more expensive but still provides choice across platforms and execution styles. Saxo’s pricing tiers can get even better for larger balances or heavy trading volume, and it also waives some custody fees for share trading when customers opt into securities lending. FxPro’s Active Trader program can reduce costs by up to 30%, but even with that discount, it still tends to lag behind Saxo on overall fees.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.44 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.92 |
| Non-wire bank transfer (Deposit/Withdraw) | 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, making it a stronger choice for traders who want more markets in one account. Saxo lists 71,000 tradeable symbols and 192 forex pairs, compared with FxPro’s 2,278 symbols and 75 forex pairs. Both brokers offer forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs rather than actual crypto.
When it comes to shares, Saxo and FxPro both provide access to exchange traded securities on international exchanges, but only Saxo also offers U.S.-listed shares such as Apple outside of CFDs. FxPro does have copy trading, while Saxo does not. Overall, Saxo earns a 5-star rating and ranks #3 out of 36 brokers for range of investments, while FxPro is rated 4 stars and ranked #24.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 2278 |
| Forex Pairs (Total) | 192 | 75 |
| 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 and FxPro both give traders a strong mix of platform choices, including free demo accounts, Windows desktop software, web-based trading, and the ability to place trades straight from a chart. Saxo also stands out for offering its own in-house platform, while FxPro does not. For traders who want a familiar third-party option, FxPro supports both MetaTrader 4 and MetaTrader 5, but Saxo does not. FxPro also adds copy trading, which Saxo does not provide.
When it comes to ratings, Saxo has the edge overall. ForexBrokers.com gives Saxo 5 out of 5 stars for Trading Platforms and Tools and ranks it #3 out of 36 brokers, while FxPro is rated 4 out of 5 stars and ranked #18. In simple terms, Saxo may appeal more to traders looking for a top-rated platform experience, while FxPro may suit those who want MetaTrader and copy trading alongside standard desktop and web access.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| 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) | 64 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FxPro both make mobile trading easy to access, with iPhone and Android apps, plus stock and forex price alerts. Each app also supports watchlist syncing, so any changes you make on your phone will match your online account. For charting tools, both apps let you draw trendlines and automatically save those drawings, which is helpful if you track markets over time and want to pick up where you left off.
The main difference is in charting depth and overall ratings. FxPro offers 65 technical studies in its mobile app, just one more than Saxo’s 64, but Saxo leads in third-party recognition with a 5-star Mobile Trading Apps rating and a #3 ranking out of 36 brokers from ForexBrokers.com. FxPro still performs well, with a 4.5-star rating and a #15 ranking, but Saxo comes out ahead overall for mobile trading app quality.
| 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.
Saxo and FxPro both give traders daily market commentary and an economic calendar, so each platform offers useful updates on news events and what may move the markets. Both also include Autochartist tools, which can help with technical and fundamental analysis. The main difference is that Saxo stands out for its forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, while FxPro does not offer this type of source coverage. FxPro does, however, include Trading Central tools such as Technical Analytics, which Saxo does not.
When it comes to overall market research, Saxo has the edge. It earns a 5-star Research rating and ranks #1 out of 36 brokers for this category, compared with FxPro’s 4-star rating and #23 ranking. Neither broker offers sentiment tools, TipRanks research, or Acuity Trading tools, so the comparison comes down to the extra news coverage and higher research score that Saxo provides versus FxPro’s added Trading Central support.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, Saxo has the edge over FxPro. Saxo offers forex and CFD education with at least 10 learning pieces, holds online educational webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. FxPro also offers forex and CFD education and has 10 or more beginner videos, but it does not run monthly educational webinars and does not offer at least 10 advanced videos.
That difference shows up in the ratings too. Saxo is rated 5 stars for Education and ranks #12 out of 36 brokers in the ForexBrokers.com Education category, while FxPro is rated 4 stars and ranks #17. For new traders who want more ways to learn as they grow, Saxo offers a wider range of educational content.
| 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 #20.
Saxo is a 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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| Overall Rating |
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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) | No | No | |
| Japan (FSA 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 CMA 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 | 2278 | |
| Forex Pairs (Total) | 192 | 75 | |
| 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) - Spread-only account | 1.0 | 1.44 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.92 | |
| Inactivity Fee | No | 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 (Deposit/Withdraw) | No | Yes |
| Trading Platforms | Saxo | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| 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) | 64 | 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 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 | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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