The scores are close: FP Markets rates 4/5 and Saxo Bank rates 3.9/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.

FP Markets lists a lower spread from 0, compared with Saxo Bank's 0.6. 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 FP Markets requires at least $100. This makes Saxo Bank more accessible for traders looking to start with a smaller crypto investment.

Both FP Markets 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.

FP Markets offers up to 2:1 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.

FP Markets charges $6 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.

FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.

FP Markets scores better on fee criteria (no deposit fee, no inactivity fee). Always check both exchanges' current fee schedules, as maker/taker rates and withdrawal fees vary and are subject to change.