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CMC Markets vs Saxo Bank: Comparison and Analysis

Trying to figure out whether to use CMC Markets or Saxo Bank? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of CMC Markets and Saxo Bank side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
CMC Markets review
Open Account
72% of retail investor accounts lose money
Saxo Bank review

Overall Ratings


Rated
79
Rated
81

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • CMC Markets
  • Saxo Bank

Security 95
Security 95

Cost 58
Cost 67

Trading 75
Trading 75

Education 81
Education 76

Company Info


Foundation
1989
1992
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, de, es, fr, nor, pol, swe, it, chi
en, ar, chi(t/s), dan, fr, hu, ne, nor, pol, ru, slo, it, swi, sg

Leverage


Non-EU Leverage ?
500:1
400:1
European Leverage ?
30:1
30:1
Australian Leverage ?
500:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
100:1
400:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
42981
1601127
SimilarWeb - Total Visits
Facebook Likes
28984
179040
Twitter Likes
30500
Instagram Likes
2911

Deposit and Withdrawal


Minimum Deposit ?
2000 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Maestro, Carte Bleue, Dankort
Deposit Waiting Time ?
1-2 business days
1-2 business days
Withdraw Waiting Time ?
1-2 business days
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
EUR, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.0
Natural Gas ?
0.3
Silver ?
2.5
13.0
Platinum ?
10.0
Copper ?
2.0
Soybeans ?
0.9
Corn ?
1.5
Gold ?
0.3
12.0

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.7
0.6
USD/JPY Average Spread
0.7
0.6
USD/CHF Average Spread
1.5
0.7
GBP/USD Average Spread
0.9
0.7
USD/CAD Average Spread
1.7
2.3
AUD/USD Average Spread
0.7
1.0
NZD/USD Average Spread
1.8
1.7
EUR/GBP Average Spread
1.1
1.8

Fees on Stocks


Apple
0.02
3.0
Facebook
0.02
3.0
Alphabet
0.02
3.0
Snapchat
0.02
3.0
BP
0.02
5.00
Tesco
0.02
5.00
Barclays
5.00
Lloyds
5.00

Fees on Indices


FTSE100
1.0
S&P500
5.0
Dow Jones
3.0
Nasdaq
1.0
CAC40
1.0
DAX30
3.0
Nikkei 225
7.0
Euro Stoxx 50
2.0

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
1.4
0
Ripple
40.0
0
Litecoin
45.0
0
Bitcoin Cash
1.8
0
Dash
5.0
0
Monero
10.0
0
Neo
10.0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, nor, pol, swe, it
en, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
339
180
Crypto ?
339
180
Commodities ?
111
70
Stocks ?
9451
19000
Indices ?
46
ETF ?
3000
Futures ?
1
10
Options ?
1
Bonds ?
1
5000
Metal ?
2
4
Agricultural ?
10
Energies ?
4
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.001 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
81
47
Number Chart Drawing Tools ?
24
17
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, de, es, fr, nor, pol, swe, it, chi
en, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

CMC Markets vs Saxo Bank: A Comparison Summary

When it comes to online trading, there are many brokers to choose from. In this comparison, we will take a look at CMC Markets and Saxo Bank, two well-known brokers in the industry. Both brokers offer a variety of trading instruments, platforms, and educational resources, but there are some differences that may be important to consider. Let’s take a closer look.

Security

Both CMC Markets and Saxo Bank are highly regulated by multiple authorities around the world, providing a high level of security for traders. CMC Markets has a security rating of 95, as does Saxo Bank.

Demo Accounts

CMC Markets offers unlimited demo accounts with virtual funds of $10,000, which is a great opportunity for traders to practise their strategies without risking any real money. In contrast, Saxo Bank offers a 20-day demo account with virtual funds of $100,000. While Saxo Bank’s demo account provides more virtual funds, the time limit may be a drawback for some traders.

Account Opening

CMC Markets does not require a minimum deposit for account opening, and offers multiple account types including CFD accounts, stockbroking accounts, spread betting accounts, FX active accounts, corporate accounts, and professional accounts for advanced traders. On the other hand, Saxo Bank requires a minimum deposit of $500, which may be a hurdle for some traders. However, Saxo Bank offers a wider range of account types including Classic, Platinum, VIP, and Corporate accounts.

Social-Copy Trading

CMC Markets offers copy-social trading directly on their proprietary CFD platform called Next Generation, which can be a useful tool for traders looking to follow the strategies of successful traders. Saxo Bank, however, does not offer copy-social trading.

Markets

CMC Markets offers a wider range of trading instruments than Saxo Bank, including 338 forex pairs, 110+ commodities, 82 indices, 124 crypto assets, 55 bonds, and over 12,500 CFD shares and ETFs. Additionally, CMC Markets offers both CFD and real stocks, making it a good choice for both short-term and long-term investments. Saxo Bank, on the other hand, offers only CFD assets and provides access to 180 forex pairs, 70 commodities, 37 indices, 5,000+ bonds, 19,000+ stocks, 3,000+ ETFs, and 10 futures.

Trading Fees

Both CMC Markets and Saxo Bank offer variable spreads, but CMC Markets generally offers lower spreads, with a minimum of 0.7 pips on forex and 0.3 pips on indices. CMC Markets also offers $0 brokerage commission on US, UK, Canada, and Japan markets, as well as on Aussie shares up to $1,000 per stock per trading day. Saxo Bank’s spreads start from 0.3 pips on forex.

Platforms

Both CMC Markets and Saxo Bank offer proprietary trading platforms, with CMC Markets’ platform available for both CFD and real stocks trading via web and mobile, and Saxo Bank’s platform available as SaxoTraderGO and SaxoTraderPRO. However, SaxoTraderPRO is an advanced proprietary trading platform that can be connected with APIs and algo trading, making it a better choice for professional traders who require advanced functionality.

Education/Customer Care

Both CMC Markets and Saxo Bank offer a wide range of educational resources including webinars, articles, videos, and trading guides. Additionally, both brokers provide easy access to customer care via email, phone, and live chat. Saxo Bank also provides dedicated account managers for high-net-worth clients.

Conclusion

Overall, both CMC Markets and Saxo Bank have their own unique strengths and weaknesses, making them suitable for different types of traders. CMC Markets offers more trading instruments, lower spreads, and no minimum deposit requirement, making it a great choice for beginner traders or those looking to diversify their portfolio. Additionally, the availability of both CFD and real stocks makes it a good choice for both short-term and long-term investments.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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