Forex.comvs
Saxo BankCrypto Exchange Comparison
This head to head pits Forex.com and Saxo Bank against each other on regulation, platforms, and crypto asset depth. The tension centers on safety versus coin breadth.
Our Verdict
Too close to call
Forex.com and Saxo Bank are closely matched overall, with Saxo Bank listing more crypto CFDs (20 coins) than Forex.com (6 coins), the clearest differentiator.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Crypto coin depth: Saxo Bank lists 20 coins versus Forex.com 6.
- 2Live chat availability: Forex.com offers 24/5 support; Saxo Bank does not.
- 3Deposit fees: Forex.com charges deposits; Saxo Bank has no deposit fee.
Who should choose Forex.com vs Saxo Bank?
Find out which crypto exchange best suits your trading profile.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
It’s a tie
Both equally suited
Saxo Bank benefits from a Danish banking licence and broader regulatory oversight.
Best for low fees
Recommended
Forex.com vs Saxo Bank: Side-by-Side Crypto Exchange Comparison
| Criteria |  Forex.com |  Saxo Bank |
|---|---|---|
| Editorial score | 3.9/ 5 | 3.9/ 5 |
| Min Deposit | $100 | No minimum▼ lower |
| Spreads From | 1 pips | 0.6 pips▼ lower |
| Taker Fee | 7.00% | N/A |
Forex.com vs Saxo Bank Crypto Exchange Pros & Cons
Pros
- NFA/CFTC and FCA regulated, highest regulatory standard available for crypto CFDs
- Advanced charting platforms including TradingView integration
- Strong institutional research and market analysis tools
Cons
- US leverage caps (10:1 on crypto) significantly lower than offshore alternatives
- Commission structure adds up for high-frequency crypto traders
Forex.com vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
1
Forex.com
criteria win
1
Saxo Bank
criteria win
Highlighted rows show where the two exchanges differ
| Criteria | Forex.com | Saxo Bank |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Fail |
| Proof of reserves published | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Pass |
| Fees | ||
| No deposit fee | Fail | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
Forex.com vs Saxo Bank: Frequently Asked Questions
Forex.com and Saxo Bank share the same editorial score of 3.9/5. One concrete differentiator: Saxo Bank requires a lower minimum deposit.
Saxo Bank lists a lower spread from 0.6, compared with Forex.com's 1. Crypto trading costs are typically quoted as a percentage of the trade value; check each exchange's full fee schedule, as maker/taker rates and volume discounts vary.
Saxo Bank has no minimum deposit, while Forex.com requires at least $100. This makes Saxo Bank more accessible for traders looking to start with a smaller crypto investment.
Both Forex.com and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each exchange's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Saxo Bank has no minimum deposit, removing the capital barrier entirely, and both exchanges provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Forex.com offers up to 50:1 on perpetual or margin products, versus Saxo Bank's 2:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
Forex.com charges $7 per trade on commission-based accounts. Commission details for Saxo Bank are not currently available. Check their website for up-to-date pricing. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
Forex.com supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. Forex.com has exclusive access to MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
Saxo Bank scores better on fee criteria (no deposit fee). Always check both exchanges' current fee schedules, as maker/taker rates and withdrawal fees vary and are subject to change.
