Saxo Bank vs FxPro Review
Is FxPro better than Saxo Bank? After grading forex brokers on nearly 100 different variables, Saxo Bank is better than FxPro. Traders seeking a large selection of instruments and asset classes across global financial markets will not be disappointed with the range of premium services Saxo Bank offers, including research, active trader pricing, and wealth management services that cater to investors’ needs. Saxo Bank was our #1 broker in multiple categories in 2019.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Saxo Bank is a better option with a 4.50 star rating over FxPro's 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FxPro alongside Saxo Bank are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? FxPro trails Saxo Bank by 112 total currency pairs (for example, EUR/USD), with Saxo Bank offering 182 and FxPro offering 70.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FxPro has Meta Trader, Saxo Bank doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FxPro offers its clients access to 31 charting tools while Saxo Bank has 17 charting tools, a difference of 14. FxPro offers its clients access to 51 different indicators (for example, volume) while Saxo Bank has 47 available indicators, a difference of 4.
Saxo Bank Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.