Saxo Bank vs XM Group Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Saxo Bank vs XM Group.
Does Saxo Bank or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Saxo Bank offers better pricing overall for traders.
Is Saxo Bank or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Saxo Bank holds 7 global Tier-1 licenses, while XM Group holds 4. Both Saxo Bank and XM Group hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Saxo Bank (99) earned a higher Trust Score than XM Group (88).
Which trading platform is better: Saxo Bank or XM Group?
To compare the trading platforms of both Saxo Bank and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Saxo Bank offers a better experience. With research, Saxo Bank offers superior market research. Finally, we found Saxo Bank to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Saxo Bank and XM Group both offer copy trading.
How many forex pairs and CFDs are available to trade?
Saxo Bank provides traders 190 currency pairs (e.g., EUR/USD) compared to XM Group's 55 available pairs. Forex pairs aside, Saxo Bank offers traders access to 70000 CFDs while XM Group has 1429 available CFDs, a difference of 68571.
Can I trust Saxo Bank?
Saxo Bank is not publicly traded, does operate a bank, and is authorised by seven tier-1 regulators (Highly Trusted), one tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Saxo Bank is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), and the European Union Authorized (MiFID).
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), European Union Authorized (MiFID), and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).
Is Saxo Bank good?
Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience โ as well as a stunning selection of over 40,000 securities.
Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
Overall winner: Saxo Bank
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We review each brokerโs overall global offering โ a โYesโ 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.