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 and FxPro both offer different fee structures, but Saxo comes out ahead overall on commissions and fees. Saxo is rated 5 stars and ranked #8 out of 36 brokers, thanks to pricing that is especially attractive for active, high-volume traders and clients with larger balances. Its forex trading is commission-free in most cases, with costs built into the spread, though very small trades under 50,000 units per month are charged a $3 ticket fee per side. Recent EUR/USD average spreads were 1.1 pips for Classic, 1.0 for Platinum, and 0.9 for VIP, with Platinum and VIP pricing landing closer to the industry average and the Classic account running a bit higher.
FxPro, by comparison, is rated 4 stars and ranked #30 out of 36 brokers for commissions and fees. Its pricing is generally above the industry average, which can make it less appealing than lower-cost rivals. On cTrader, FxPro uses commission-based pricing, with an estimated effective EUR/USD spread of about 1.27 pips after commissions. On MT4 and MT5, variable spreads are also available, with recent EUR/USD figures around 1.58 pips on market execution and 1.71 pips on instant execution, while MT5 offers only market execution. FxPro’s Active Trader program can cut costs by up to 30%, but even so, it still tends to trail the strongest low-fee brokers.
In simple terms, Saxo is the better choice if lower trading costs are a priority, especially for larger or more active accounts. FxPro may still suit traders who want its platform options, but on pricing alone, Saxo offers more competitive commissions and fees overall.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.6 |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.3 |
| 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 the stronger choice for traders who want more variety. Saxo supports forex trading as both CFDs and spot contracts, and it offers 71,000 tradeable symbols, including 192 forex pairs. It also gives clients access to exchange traded securities on both U.S. and international exchanges, plus cryptocurrency CFDs. By contrast, FxPro also offers forex as CFDs or spot contracts, but its menu is smaller, with 2,249 tradeable symbols and 70 forex pairs. FxPro does not offer exchange traded U.S. shares, though it does provide international exchange listed securities and cryptocurrency CFDs.
In the Range of Investments category, Saxo is rated 5 out of 5 stars and ranks #3 out of 36 brokers on ForexBrokers.com, while FxPro earns 4 out of 5 stars and ranks #24. FxPro does have one area Saxo lacks: copy trading. Still, for investors focused on breadth of markets and access to more instruments, Saxo clearly offers the larger selection overall.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 2249 |
| Forex Pairs (Total) | 192 | 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 and FxPro both give traders a wide range of platform choices, including a free demo account, a proprietary platform, a Windows desktop app, and a web-based platform. Both also let you trade directly from charts, which can make it easier to act on price moves without switching screens. In ForexBrokers.com’s Trading Platforms and Tools review, Saxo is rated 5 out of 5 stars and ranks #3 out of 36 brokers, while FxPro is rated 4 out of 5 stars and ranks #18.
The main differences come down to trading style and extra features. FxPro supports copy trading as well as MetaTrader 4 and MetaTrader 5, which may appeal to traders who want familiar third-party platforms and the option to follow other traders. Saxo does not offer copy trading, MT4, or MT5, but it still stands out for its own platform lineup and chart-based trading tools. For traders comparing online brokers on platform quality, Saxo edges ahead overall, while FxPro may be a better fit for those who want MetaTrader access and copy trading.
| 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) | 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, news from major sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. That said, Saxo stands out for market research thanks to its use of Autochartist, while FxPro does not offer this tool. FxPro, on the other hand, includes Trading Central and a sentiment tool that shows the share of long and short positions, which Saxo does not provide.
Overall, Saxo has the edge for research, with a 5-star rating and a #1 ranking out of 36 brokers for the category. FxPro is still a solid option, but it comes in with a 4-star research rating and a #23 ranking, making Saxo the stronger choice for traders who want more in-depth market analysis support.
| 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 | No | Yes |
| 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 |
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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 | 2249 | |
| Forex Pairs (Total) | 192 | 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) - Spread-only account | 1.0 | 1.6 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.3 | |
| 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 | 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) | 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 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 | No | 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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