Written by ForexBrokers.com
In this head to head comparison of Saxo vs StoneX Trading, 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.
Saxo and StoneX Trading are both highly trusted brokers by ForexBrokers.com, each earning a Trust Score of 99 out of 99. That score puts both firms in the “highly trusted” range. Saxo was founded in 1992, is not publicly traded, and operates as a bank. StoneX Trading was founded earlier, in 1983, is publicly listed, and is not a bank.
On regulation, Saxo and StoneX Trading each hold 7 Tier-1 licenses and 1 Tier-2 license, which points to a strong level of oversight for both companies. For everyday traders comparing online brokers, the key difference is their business structure: Saxo combines brokerage services with banking, while StoneX Trading is a publicly traded broker without bank status.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Year Founded | 1992 | 1983 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 7 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo comes out ahead of StoneX Trading on commissions and fees, especially for active traders and larger balances. Saxo is rated 5 stars and ranked #8 out of 36 brokers by ForexBrokers.com for commissions and fees. Its forex pricing is generally very competitive, with EUR/USD average spreads in November 2023 of 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP. Saxo is also commission-free on forex trading, although accounts trading less than 50,000 units per month are charged a $3 ticket fee per side.
StoneX Trading is still solid on pricing, but it sits a step behind Saxo overall. It earns 4.5 stars and ranks #16 out of 36 brokers in the commissions and fees category. Its average EUR/USD spread was 0.74 pips as of July 2023, which is about in line with the industry average. Traders can also get rebates and discounts, especially active traders in the U.K. and Australia, with lower rates available at higher monthly trading volumes.
In short, Saxo is the better choice for lower fees overall, while StoneX Trading offers fair, market-level pricing with some added rebate options for high-volume clients. Saxo’s Platinum and VIP tiers can offer stronger value for large traders, while StoneX Trading is more of a middle-of-the-road option for costs. If commission savings are a top priority, Saxo has the edge.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Minimum Deposit | $0 | £100.00 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.4 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a wider range of investments than StoneX Trading, making it a stronger choice for traders who want more markets in one place. Saxo lists 71,000 tradeable symbols and 192 forex pairs, compared with StoneX Trading’s 13,500 symbols and 66 forex pairs. Both brokers offer forex trading as either a CFD or spot contract, and both provide cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency.
For stocks and other listed products, Saxo also has the edge because it offers exchange-traded securities on both U.S. and international exchanges, while StoneX Trading does not. StoneX Trading does stand out for copy trading, which Saxo does not offer. Even so, both brokers earn 5 stars for Range of Investments, though Saxo ranks higher overall in this category at #3 out of 36 brokers, versus StoneX Trading at #8 out of 36.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 13500 |
| Forex Pairs (Total) | 192 | 66 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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 StoneX Trading both give traders a wide mix of platform choices, including a free demo account, a proprietary platform, a Windows desktop app, and a web-based trading platform. Both also let users trade directly from a stock chart, which can make order entry faster and easier for active traders. In the Trading Platforms and Tools category, Saxo is rated 5 out of 5 stars and ranks #3 out of 36 brokers on ForexBrokers.com, while StoneX Trading is rated 4.5 out of 5 stars and ranks #11.
The main differences come down to extra trading features. StoneX Trading offers copy trading and supports MetaTrader 4, which may appeal to traders who want familiar tools or want to follow other traders. Saxo does not offer copy trading or MT4, but it still stands out for its strong platform experience overall. For most traders, both brokers provide the core tools needed to place trades, review charts, and test strategies in a demo account.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 64 | 88 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and StoneX Trading both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts, watchlist syncing, trendline drawing, and automatic saving of chart drawings. This means traders can move between the app and their online account without losing changes, which is helpful for staying organized and tracking markets on the go.
Where they differ is in charting depth and overall mobile app ratings. StoneX Trading offers more technical studies in its app, with 88 compared with Saxo’s 64, but Saxo comes out ahead in user ratings and ranking. Saxo earns 5 out of 5 stars for mobile trading apps and ranks #3 out of 36 brokers, while StoneX Trading is rated 4.5 stars and ranks #9.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 88 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and StoneX Trading both give traders useful market research features, including daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. Each broker covers the basics well, so if you want regular updates and a simple way to follow the news that may move prices, both are solid options.
Where they differ is in the added research tools. Saxo includes Autochartist, while StoneX Trading offers Trading Central and a sentiment tool that shows how traders are positioned long or short. Saxo does not offer those two extras, but it does earn a stronger overall research score, with 5 stars and a #1 ranking from ForexBrokers.com, compared with StoneX Trading’s 4.5 stars and #10 ranking.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo and StoneX Trading both give beginners a solid starting point with forex and CFDs education, including at least 10 learning pieces focused on those markets, regular online educational webinars, and plenty of video content for both new and experienced traders. Each broker also offers at least 10 beginner-friendly videos and at least 10 advanced videos, so traders can move from the basics to more detailed topics without needing to look elsewhere right away.
When it comes to overall education quality, Saxo is rated 5 out of 5 stars and ranks #12 out of 36 brokers for Education on ForexBrokers.com, while StoneX Trading is rated 4.5 out of 5 stars and ranks #9 out of 36. In simple terms, both brokers are strong choices for learning, but Saxo edges ahead on the star rating, while StoneX Trading places slightly higher in the category ranking.
| Feature |
Saxo
|
StoneX Trading
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 StoneX Trading. Saxo finished with an overall rank of #3, while StoneX Trading finished with an overall rank of #8.
Saxo is a 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
|
StoneX Trading
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 99 |
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When comparing Saxo vs StoneX Trading for cryptocurrency access, both online brokers do not offer delivered crypto purchases, but each does provide cryptocurrency CFD trading instead.
Saxo and StoneX Trading both support bank wires for deposits and withdrawals, but StoneX Trading offers more funding flexibility with ACH/SEPA transfers and PayPal, while Saxo does not support those options.
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 | StoneX Trading | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | Saxo Review | StoneX Trading Review |
| Broker Screenshots | Saxo | StoneX Trading | |
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| Broker Gallery (click to expand) |
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| Regulation | Saxo | StoneX Trading | |
|---|---|---|---|
| Trust Score | 99 | 99 | |
| Year Founded | 1992 | 1983 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 7 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | StoneX Trading | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| 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 | StoneX Trading | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | StoneX Trading | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 13500 | |
| Forex Pairs (Total) | 192 | 66 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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 | StoneX Trading | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.4 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.9 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | StoneX Trading | |
|---|---|---|---|
| Minimum Deposit | $0 | £100.00 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | Saxo | StoneX Trading | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No |
| Trading Tools | Saxo | StoneX Trading | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 88 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | StoneX Trading | |
|---|---|---|---|
| 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 | 88 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | StoneX Trading | |
|---|---|---|---|
| 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | StoneX Trading | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | StoneX Trading | |
|---|---|---|---|
| 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 | StoneX Trading Review |
| Overall | Saxo | StoneX Trading | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | Saxo Review | StoneX Trading Review |
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