Forex.comvs
Saxo BankStock Broker Comparison
Forex.com and Saxo Bank face off in a battle over regulation, platforms, and global access. The tension centers on US-ready share CFDs versus broad exchange coverage and advanced trading tools.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges Forex.com on editorial score (4.5 vs 3.9). Its higher ratings for trust & regulation and platforms & tools underpin the gap.
Saxo Bank
4.5/5
Forex.com
3.9/5
Key Differences
- 1Exchanges covered: Forex.com 8, Saxo Bank 50.
- 2Dividend reinvestment available on Saxo Bank but not on Forex.com.
- 3Stock screener exists on Saxo Bank; Forex.com does not.
Who should choose Forex.com vs Saxo Bank?
Find out which stock broker best suits your investing profile.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
It’s a tie
Both equally suited
Saxo Bank wins safety & regulation with a broader regulatory footprint.
Best for long-term investors
Recommended
Forex.com vs Saxo Bank: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 3.9/ 5 | 4.5/ 5 |
| Min deposit | $100▼ lower | $2,000 |
| Spreads from | 1 pips | 0.6 pips▼ lower |
| Commission / lot | $7/lot | N/A |
Forex.com vs Saxo Bank Stock Broker Pros & Cons
Pros
- NFA, CFTC, and FCA regulated, accessible to US residents who cannot use most CFD brokers
- Share CFDs on MT4, MT5, and proprietary Web Trader from a single account
- Reuters news and integrated economic calendar in the Web Trader
- No inactivity fee for actively funded accounts
Cons
- Narrowest stock selection (220+) among regulated multi-platform equity CFD brokers
Forex.com vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Forex.com
criteria win
3
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Forex.com | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Pass |
| Extended hours trading | Fail | Pass |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
Forex.com vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.5/5 versus 3.9/5 for Forex.com. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Saxo Bank lists tighter spreads from 0.6, compared with Forex.com's 1. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
Forex.com has $100, while Saxo Bank requires at least $2000. This makes Forex.com more accessible for traders with limited starting capital.
Both Forex.com and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Forex.com requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Forex.com lists maximum leverage of 20:1, while Saxo Bank lists up to 1:5. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
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. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither Forex.com nor Saxo Bank is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both Forex.com and Saxo Bank are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
