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 out of 5 stars and ranks #8 of 63 brokers (ForexBrokers.com), while FxPro earns 4 out of 5 stars and ranks #29 of 63. In practice, Saxo tends to offer sharper overall trading costs—especially for higher balances and active traders—whereas FxPro’s pricing is generally higher than the industry average.
Saxo is commission-free for forex (it earns from the spread), with one exception: if you trade under 50,000 units per month, there’s a $3 per side ticket fee. As of November 2023, typical EUR/USD spreads were 1.1 pips on the Classic account (minimum about 0.9), 1.0 pips on Platinum, and 0.9 pips on VIP; minimums run about 0.2 pips under those averages. Pricing improves as you move up tiers, and Saxo waives custody fees for share trading if you opt into securities lending. Account minimums: Classic $0; Platinum $200,000 (AUD 300,000 in Australia); VIP $1,000,000 or qualifying volume via Saxo’s loyalty program.
FxPro’s pricing depends on platform and execution. Its most competitive setup is cTrader with commission-based pricing, where the effective EUR/USD cost is about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission equivalent, based on August 2020 data). On MT4/MT5 with floating spreads, typical EUR/USD pricing is around 1.58 pips for market execution (1.51 on MT5) and 1.71 pips for instant execution; fixed spreads are offered only on MT4. FxPro’s Elite/Active Trader program can cut costs by up to 30%, but even with discounts, average pricing often trails leading low-cost peers—and frequently, Saxo.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.6 |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 |
| 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 vs. FxPro on range of investments: Saxo offers far more choice, with about 71,000 tradable symbols compared with FxPro’s 2,249. Forex traders get 190 currency pairs at Saxo versus 70 at FxPro, and both brokers support forex trading as CFDs or spot. Each also offers cryptocurrency CFDs, while neither provides direct (delivered) crypto.
For stock trading, Saxo lets clients buy exchange-traded shares in the U.S. (such as Apple on NASDAQ) and on international exchanges. FxPro does not offer U.S.-listed shares, but it does provide some international exchange-traded stocks. FxPro also supports copy trading, which Saxo doesn’t. Reflecting the wider access, ForexBrokers.com rates Saxo 5 stars for Range of Investments and ranks it 3rd out of 63 brokers; FxPro holds 4 stars and ranks 24th.
| 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 and FxPro both cover the essentials for trading platforms and tools. Each offers a free demo (paper) account, a proprietary in-house platform, Windows desktop software, a web-based platform, and the ability to trade directly from charts. Key differences: FxPro supports copy trading and provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Saxo does not offer copy trading or MT4/MT5.
For overall platform quality, Saxo is rated 5 stars and ranks #3 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while FxPro earns 4 stars and ranks #18. Choose FxPro if you want MT4/MT5 and copy trading; pick Saxo if you prefer a top-rated in-house platform experience with streamlined chart-based order entry.
| 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 platform supports price alerts for forex and stocks, synced watchlists that carry across your mobile app and online account, and handy charting tools like trendline drawing with auto-save. If you’re switching devices or platforms, your lists and chart work stay in place on both apps.
For charting depth, FxPro offers 65 technical studies while Saxo includes 64—virtually a tie. Where they differ more is in third-party evaluations: according to ForexBrokers.com, Saxo earns 5 stars and ranks #3 of 63 brokers for Mobile Trading Apps, while FxPro earns 4.5 stars and ranks #15. In short, both are strong choices; pick Saxo if you want a top-rated overall mobile experience, or choose FxPro if you prefer slightly more built-in indicators.
| 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.
Both Saxo and FxPro publish daily market commentary and deliver forex news from well-known sources like Bloomberg and Reuters. Each broker also includes a sentiment tool that shows the balance of long vs. short positions, plus an economic calendar for upcoming global events. Neither provides research from TipRanks or tools from Acuity Trading.
The main difference is in extra research tools: Saxo integrates Autochartist, while FxPro offers Trading Central (Saxo does not). For overall research quality, Saxo earns 5 stars and ranks #1 out of 63 brokers with ForexBrokers.com; FxPro earns 4 stars and ranks #23. Choose Saxo if you want Autochartist and top-rated research, or go with FxPro if you prefer Trading Central.
| 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 education with at least 10 learning pieces, so new traders can find plenty to get started. Saxo goes further with monthly client webinars, plus at least 10 beginner videos and at least 10 advanced videos that guide you from basics to more complex strategies. FxPro also offers at least 10 beginner videos and a helpful library, but it does not host ongoing webinars and does not reach the same depth for advanced topics.
Independent ratings back this up: Saxo earns 5 stars for Education and ranks #12 out of 63 brokers at ForexBrokers.com, while FxPro earns 4 stars and ranks #17. If you want live webinars and a clear path from beginner to advanced, Saxo is the stronger pick. If you prefer to learn at your own pace with beginner-focused videos and don’t need webinars, FxPro can still fit the bill.
| 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 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 (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 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 | 1.0 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 | |
| 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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