After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare KVB Kunlun vs Saxo Bank.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Saxo Bank received a rating of 4.50 stars over KVB Kunlun 's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. KVB Kunlun alongside Saxo Bank are regulated in a major hub. KVB Kunlun is a publicly traded company, Saxo Bank isn't. As far as how many currency pairs are available for trading, here's the answer. KVB Kunlun trails Saxo Bank by 109 total currency pairs (for example, EUR/USD), with Saxo Bank offering 139 and KVB Kunlun offering 30.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. KVB Kunlun offers Meta Trader while Saxo Bank does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. KVB Kunlun boasts an offering of 31 charting tools compared to Saxo Bank's 17 available charting tools. Saxo Bank trails KVB Kunlun by 6 total different indicators (for example, moving averages), with KVB Kunlun offering 51 and Saxo Bank offering 45.
Overall, Saxo Bank comes out on top with 5.00 stars over KVB Kunlun 's 2.50 stars. And, when it comes to individual category awards, Saxo Bank finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while KVB Kunlun came up with none of these.