FXCMvs
Saxo BankCrypto Exchange Comparison
Two established brokers square off over crypto CFDs, pitting FXCM's platform vigor and FCA/ASIC oversight against Saxo Bank's Danish licence and broader platform ecosystem.
Our Verdict
Saxo Bank winsby 0.1 pts
FXCM and Saxo Bank are closely matched overall; Saxo Bank offers a broader coin selection.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Coin selection: FXCM lists 4 coins; Saxo Bank lists 20.
- 2Regulatory strength: Saxo Bank holds a Danish banking licence; FXCM is regulated by FCA/ASIC.
- 3Pricing approach: FXCM higher entry-level spreads; Saxo uses classic tier spreads.
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 wins for security with a Danish banking licence and audited public accounts.
Best for low fees
Recommended
Saxo Bank is better for low fees, with classic tier spreads, while FXCM charges higher entry-level spreads.
FXCM vs Saxo Bank: Side-by-Side Crypto Exchange Comparison
| Criteria |  FXCM |  Saxo Bank |
|---|---|---|
| Editorial score | 3.8/ 5 | 3.9/ 5 |
| Min Deposit | $50 | No minimum▼ lower |
| Spreads From | 0.4 pips▼ lower | 0.6 pips |
| Taker Fee | N/A | N/A |
| Inactivity Fee | $50/month (after 12 months)▼ lower |
FXCM vs Saxo Bank Crypto Exchange Pros & Cons
Pros
- FCA and ASIC regulated, high regulatory standard with FSCS protection
- Trading Station with professional quantitative analysis tools (FXCM Apps)
- Long track record since 1999 in institutional-grade retail trading
Cons
- Banned from US market (CFTC action 2017), not available to US clients
- Crypto selection is limited to major pairs
FXCM vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
1
FXCM
criteria win
0
Saxo Bank
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | FXCM | 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 | Pass | 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 |
FXCM vs Saxo Bank: Frequently Asked Questions
The scores are close: FXCM rates 3.8/5 and Saxo Bank rates 3.9/5. Saxo Bank 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.
FXCM lists a lower spread from 0.4, 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 FXCM requires at least $50. This makes Saxo Bank more accessible for traders looking to start with a smaller crypto investment.
Both FXCM 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.
FXCM 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.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while Saxo Bank supports Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. FXCM has exclusive access to ZuluTrade and MetaTrader 4 and NinjaTrader.
