FXTMvs
Saxo BankStock Broker Comparison
In a head to head on regulation, platforms, and global reach, FXTM and Saxo Bank pull in different directions on market access and pricing.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges FXTM on editorial score due to stronger regulation, richer platforms, and wider market access.
Saxo Bank
4.5/5
FXTM
3.7/5
Key Differences
- 1Exchanges: Saxo Bank offers 50+ exchanges; FXTM covers 6.
- 2Proprietary platform: Saxo Bank has SaxoTraderGO; FXTM relies on MT4/MT5.
- 3Dividend reinvestment: Saxo Bank supports DRIP, FXTM does not.
Who should choose FXTM 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 for safety & regulation with broader multi-jurisdiction oversight.
Best for long-term investors
Recommended
FXTM vs Saxo Bank: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 3.7/ 5 | 4.5/ 5 |
| Min deposit | No minimum▼ lower | $2,000 |
| Spreads from | 1.5 pips | 0.6 pips▼ lower |
| Commission / lot | N/A | N/A |
| Inactivity fee | None | $100/quarter (low-balance accounts) |
FXTM vs Saxo Bank Stock Broker Pros & Cons
Pros
- CySEC and FCA regulated, strong dual-jurisdiction for EU and UK client protection
- FXTM Invest copy trading enables following of equity-focused Strategy Managers
- 180+ share CFDs via MT4 and MT5 with strong emerging market accessibility
- No inactivity fee; multilingual support in 35+ languages
Cons
- Narrowest stock range (180+) among regulated multi-platform equity CFD brokers
FXTM vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXTM
criteria wins
3
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXTM | 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 | Fail | Fail |
| Phone support | Pass | Pass |
FXTM vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.5/5 versus 3.7/5 for FXTM. 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 FXTM's 1.5. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
FXTM has no minimum deposit, while Saxo Bank requires at least $2000. This makes FXTM more accessible for traders with limited starting capital.
Both FXTM 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: FXTM has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXTM 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.
FXTM supports MetaTrader 5, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. FXTM has exclusive access to MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
Neither FXTM 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 FXTM 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.
