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 |
When it comes to commissions and fees, Saxo stands out for its excellent pricing, particularly benefiting active and high-volume traders. Saxo offers a graduated spread structure where traders with Classic accounts see an average spread of 1.1 pips for EUR/USD, while those with Platinum and VIP accounts enjoy tighter spreads at 1.0 and 0.9 pips, respectively. Saxo's fees are competitive, especially for Platinum and VIP traders, and custody fees are waived for those participating in securities lending. Innovative features like Saxo's Loyalty Program allow traders to upgrade accounts and access premium benefits. Saxo shines in this category with a 5-star rating, ranking 9th among 63 brokers reviewed by ForexBrokers.com.
FxPro's pricing structure, on the other hand, is less competitive, with spreads generally higher than the industry average. On MT4, FxPro provides both variable and fixed spreads, while the cTrader platform features commission-based pricing. With EUR/USD spreads averaging 1.58 pips on MT4's market execution, and 1.71 pips under instant execution, FxPro trails behind. However, the cTrader platform offers the most competitive pricing with an effective spread of 1.27 pips. FxPro also runs an Active Trader program within its Elite accounts, offering discounts up to 30%, but still falls short compared to industry leaders. FxPro receives a 4-star rating and ranks 32nd out of 63 brokers for commissions and fees.
Overall, Saxo provides superior pricing options, particularly for those able to maintain higher account balances or actively trade large volumes. Meanwhile, FxPro has room for improvement in its pricing strategy despite offering platforms like cTrader and MT4 with varied execution methods. Traders considering these brokers should evaluate their trading needs and account balance capabilities to determine which broker may be a better fit for their financial strategies.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 1.51 |
| All-in Cost EUR/USD - Active | 0.9 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 comparing the range of investments offered by Saxo and FxPro, Saxo clearly stands out in sheer variety. With an impressive array of 70,000 tradeable symbols and 190 forex pairs, Saxo caters to investors looking for extensive options. In contrast, FxPro offers a more modest selection with 2,249 tradeable symbols and 70 forex pairs. Additionally, Saxo provides access to exchange-traded securities on both U.S. and international exchanges, enabling investors to purchase stocks like Apple and Vodafone. While FxPro also facilitates trading international exchange securities like Vodafone, it doesn't allow for the purchase of U.S.-listed stocks such as Apple in a non-CFD format.
Both Saxo and FxPro offer forex trading as CFDs or spot contracts, as well as cryptocurrency derivatives, although neither permits direct cryptocurrency purchases. They also support copy trading for those looking to replicate the strategies of successful traders. Ranked by ForexBrokers.com, Saxo holds a commendable third place out of 63 brokers for its range of investments, with a five-star rating in this category. Meanwhile, FxPro is ranked 28th with a respectable four-star rating. This ranking highlights Saxo's superior breadth in investment opportunities, appealing to traders seeking a wider spectrum of trading choices.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 2249 |
| Forex Pairs (Total) | 190 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 trading platforms and tools, Saxo and FxPro are both notable choices for traders. Both brokers provide simulated trading with a virtual demo account, allowing users to practice without financial risk. They each offer proprietary platforms developed in-house, alongside a Windows-based desktop download option and web-based trading. Both platforms also support copy trading, giving traders the chance to follow and replicate others' strategies. However, while FxPro provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Saxo does not support these popular trading platforms.
In terms of analytical tools, Saxo impresses with a wider range of chart-related features, offering 20 drawing tools, compared to FxPro's 25, with Saxo also allowing trades directly from stock charts. For watch lists, Saxo provides a substantial 60 columns for data fields, eclipsing FxPro's 6. In overall ratings, Saxo leads the way with a perfect 5-star score, ranking #1 out of 63 brokers according to ForexBrokers.com, highlighting its superior trading platform and tools. FxPro also performs well, earning a 4-star rating and securing the 17th spot. Saxo’s comprehensive features and top ranking make it a strong contender for traders seeking a versatile and feature-rich trading environment.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| 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 | 53 |
| Charting - Drawing Tools (Total) | 20 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and FxPro have you covered whether you're using an iPhone or Android device. Each app offers essential features like stock and forex price alerts, as well as the ability to sync watchlists between the mobile platform and your online account, ensuring seamless transitions between devices. Saxo and FxPro offer a comprehensive range of charting tools, with Saxo providing 64 technical studies and FxPro slightly edging out with 65. Both apps allow you to draw trendlines and view charts across multiple timeframes such as daily, weekly, and intraday, with the convenience of auto-saving your chart drawings.
In terms of real-time market insights, both mobile apps enable users to create detailed watchlists with up-to-the-minute quotes. When it comes to user ratings, Saxo's mobile app garners a top-notch 5-star rating, with FxPro closely following at 4.5 stars. Among 63 brokers, Saxo achieves an impressive rank of #2 for its mobile trading app on ForexBrokers.com, while FxPro holds a respectable position at #15. Whether you're a beginner or an experienced trader, both platforms offer robust mobile features to meet your trading needs.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 65 |
| 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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| 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 offers a more comprehensive experience compared to FxPro. Both brokers provide a good selection of educational content, including at least ten articles, videos, and archived webinars focused on forex or CFD trading. However, Saxo differentiates itself by hosting monthly online educational webinars and providing a searchable archive of these sessions, which FxPro does not offer. Furthermore, Saxo also caters to both novice and advanced traders with a range of educational videos tailored to their needs, whereas FxPro does not provide as many resources for advanced traders.
Saxo and FxPro both include an investor dictionary with over 50 investing terms, making it easier for beginners to understand complex terminology. Despite some similarities, Saxo's offerings are more extensive and award it a higher educational rating of 5 stars, in contrast to FxPro's 4 stars. As per ForexBrokers.com, Saxo ranks at #13 out of 63 brokers for education, while FxPro is positioned at #18. For beginners ready to dive into the trading world, Saxo holds a slight advantage with its broader educational toolkit.
| Feature |
Saxo
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Both Saxo and FxPro do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
When comparing the deposit and withdrawal options of online brokers Saxo and FxPro, Saxo offers Visa, Mastercard, and bank wires, but lacks ACH, SEPA, PayPal, and Skrill, while FxPro supports ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, providing users with a more versatile range of transaction methods.
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) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 2249 | |
| Forex Pairs (Total) | 190 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.9 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 6 | |
| Charting - Indicators / Studies (Total) | 64 | 53 | |
| Charting - Drawing Tools (Total) | 20 | 25 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | FxPro | |
|---|---|---|---|
| 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 | 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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