FP Marketsvs
Saxo BankStock Broker Comparison
This comparison pits FP Markets' multi-platform options against Saxo Bank's proprietary platform and broad exchange access. The tension lies in platform design and global reach.
Our Verdict
Saxo Bank winsby 0.4 pts
Saxo Bank edges FP Markets on editorial score and market reach, with a proprietary platform and extended trading hours.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1IRESS DMA for share CFDs incurs DMA fees; standard CFD trading has no platform fee.
- 2Proprietary web and mobile platform.
- 3Access to 60,000+ instruments across 50 exchanges.
Who should choose FP Markets vs Saxo Bank?
Find out which stock broker best suits your investing profile.
Choose FP Markets if…
Choose FP Markets if you want standard share CFDs with no platform fee. DMA access via IRESS is available but may incur fees.
Choose Saxo Bank if…
Choose Saxo Bank if you want global access to more exchanges and a proprietary trading platform.
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 for safety & regulation with broad multi-jurisdiction oversight (MAS, FCA, ASIC, etc.).
Best for long-term investors
Recommended
FP Markets vs Saxo Bank: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.1/ 5 | 4.5/ 5 |
| Min deposit | $100▼ lower | $2,000 |
| Spreads from | 0 pips▼ lower | 0.6 pips |
| Commission / lot | $6/lot | N/A |
FP Markets vs Saxo Bank Stock Broker Pros & Cons
Pros
- IRESS platform provides genuine DMA access to ASX, NYSE, LSE, and other exchanges
- 10,000+ share CFDs available on MT4, MT5, cTrader, and TradingView
- ASIC and CySEC regulation, among the strongest regulatory profiles for a mid-tier broker
- No platform fee for standard share CFD trading (IRESS fee only for DMA users)
Cons
- IRESS DMA incurs a monthly fee (~AUD 55), uneconomical for low-frequency traders
FP Markets vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FP Markets
criteria win
2
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | 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 | Pass | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
FP Markets vs Saxo Bank: Frequently Asked Questions
The scores are close: FP Markets rates 4.1/5 and Saxo Bank rates 4.5/5. 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.
FP Markets lists tighter spreads from 0, compared with Saxo Bank's 0.6. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
FP Markets has $100, while Saxo Bank requires at least $2000. This makes FP Markets more accessible for traders with limited starting capital.
Both FP Markets 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: FP Markets 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.
FP Markets 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.
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. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither FP Markets 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 FP Markets 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.
