Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of Saxo's Denmark entity and XTB's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of Saxo's Denmark entity and XTB's Cyprus entity.
Saxo
65% of retail investor accounts lose money when trading CFDs with this provider.
XTB
77% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Saxo and XTB are best suited to, based on what each one actually offers in .Saxo is better than XTB for high-volume traders, algo traders and futures traders. Both are a good fit for long-term investors, scalpers and swing traders.
| Overall score | Saxo 88 Best 89 Best | XTB 77 -11 77 -12 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Saxo and the ones that supervise XTB.Saxo and XTB are both regulated by top-tier authorities, Saxo by Finanstilsynet Denmark, ASIC (Australia) and the SFC (Hong Kong) and XTB by CySEC, KNF and the FCA (United Kingdom).
| Section score | Saxo 100 100 | XTB 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | Finanstilsynet (Denmark) | CySEC (Cyprus) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Saxo and XTB have in place to protect your money in .Both Saxo and XTB offer segregated client funds and an investor compensation scheme. Saxo also offers additional money insurance, and is a licensed bank.
| Section score | Saxo 93 Best 93 Best | XTB 86 -7 86 -7 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1992 | 2002 |
| Parent company i | Saxo Bank A/S | XTB S.A. |
| CEO i | Kim Fournais | Omar Arnaout |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Saxo Bank A/S | N/A |
| Brand power | ||
| Number of customers worldwide i | 1,200,000 | 1,600,000 |
| Annual revenue i | USD 727,595,340 | USD 260,000,000 |
| Monthly website search traffic i | 1.7M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with Saxo and with XTB in , both on each trade and on holding the account.Saxo is better than XTB for CFD/FX costs, since Saxo is cheaper on EUR/USD, at 10 USD per lot (against XTB's 10.6 USD), has tighter gold CFD spreads, at 0.34 points (against XTB's 0.89 points), and does not charge inactivity fees, unlike XTB. Neither Saxo nor XTB charges account maintenance fees or deposit fees.
XTB is better than Saxo for real stock costs, given that XTB does not charge US stock fees (against Saxo's 2 USD), does not charge ETF fees (against Saxo's 2 USD), and does not charge options fees (against Saxo's 2 USD per contract). Neither Saxo nor XTB charges account maintenance fees or deposit fees.
| Section score | Saxo 70 Best 68 -14 | XTB 53 -17 82 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 10 | USD 10.6 |
| S&P 500 fees (CFD) i | 0.7 points | 0.59 points |
| Gold fees (CFD) i | 0.34 points | 0.89 points |
| Bitcoin fees (CFD) i | USD 308 | USD 205.25 |
| US stocks fees (CFD) i | USD 0.08 | Free |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Free, Percentage |
| US stocks fees (real) i | USD 2 | Free |
| ETF fees (real) i | USD 2 | Free |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 3 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | Free |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Saxo and with XTB in , and of how many instruments each one gives access to.Saxo is better than XTB for CFD/FX markets, as Saxo gives access to 71,000 tradable symbols (against XTB's 5,200), lets you own bonds and funds outright, which XTB does not, and offers futures on commodities, forex and indices, which XTB does not. Both Saxo and XTB offer CFDs on commodities, crypto, forex, indices and stocks, and let you own ETFs and stocks outright.
Saxo is better than XTB for real stock markets, because Saxo lets you own bonds and funds outright, which XTB does not, gives access to 71,000 tradable symbols (against XTB's 5,200), and offers futures on commodities, forex and indices, which XTB does not. Both Saxo and XTB let you own ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | Saxo 100 Best 100 Best | XTB 75 -25 30 -70 |
|---|---|---|
| Total tradable symbols i | 71,000 | 5,200 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | Commodities, Forex, Indices | |
| Options i | Commodities, Forex, Indices | |
| Assets you can own i | Bonds, ETF, Funds, Stocks | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Saxo and XTB make available to their clients in .Saxo is better than XTB for platforms, as Saxo offers social trading and AutoChartist, which XTB does not. Both Saxo and XTB offer a proprietary platform and one-click trading.
| Section score | Saxo 86 Best 86 Best | XTB 75 -11 75 -11 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Saxo and XTB in , and of what each one lets you do from your phone.Saxo is better than XTB for mobile trading, given that Saxo offers mobile trading signals, mobile charting tools and mobile drawing tools, which XTB does not. Saxo and XTB both offer a proprietary mobile app and mobile price alerts.
| Section score | Saxo 87 Best 87 Best | XTB 67 -20 67 -20 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Saxo and XTB allow on their platforms in .Saxo is better than XTB for CFD/FX trading features, because Saxo executes orders faster, within 12 ms (against XTB's 440 ms), has less slippage, at 20.7% (against XTB's 28.05%), and offers tier-1 liquidity providers, which XTB does not. Both Saxo and XTB offer negative balance protection and trailing stops.
Saxo and XTB are equally good for real stock trading features, since Saxo executes orders faster, within 12 ms (against XTB's 440 ms), and has less slippage, at 20.7% (against XTB's 28.05%). On the other hand, XTB offers fractional shares. Both Saxo and XTB offer trailing stops.
| Section score | Saxo 85 Best 77 | XTB 67 -18 76 -1 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 12 ms | 440 ms |
| Slippage occurrence i | 20.7% | 28.05% |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Saxo and at XTB in , and of who each one is meant for.Saxo and XTB are equally good for CFD/FX account types, as Saxo offers a managed account and a raw spread account while XTB offers a professional traders account and a micro account. Saxo and XTB both offer a demo account and a corporate account.
Saxo is better than XTB for real stock account types, because Saxo offers a managed account, a margin investing account and a savings account, which XTB does not. Both Saxo and XTB offer a stock investing account and a demo account.
| Section score | Saxo 46 -1 83 Best | XTB 47 58 -25 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Saxo and with XTB in .XTB is better than Saxo for account opening, since XTB offers 3 account base currencies (against Saxo's 2), supports e-wallets, which Saxo does not, and credits deposits faster, within the same day (against Saxo's 2 days). Neither Saxo nor XTB requires a minimum deposit.
| Section score | Saxo 65 -10 65 -10 | XTB 75 Best 75 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, SkrillAbout this value. This is the ewallets at XTB Limited (Cyprus) (CySEC). It is different at XTB's companies in the EU. | |
| Local payment methods i | ||
| Account base currencies i | EUR, USDAbout this value. This is the account base currencies at Saxo Bank A/S (Finanstilsynet). It is different at Saxo's companies in Australia. | EUR, HUF, USDAbout this value. This is the account base currencies at XTB Limited (Cyprus) (CySEC). It is different at XTB's companies in the UK, the UAE and the EU. |
| Deposit waiting time i | up to 2 business days | Instant |
| Withdrawal waiting time i | up to 2 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Saxo and XTB in , in how it can be reached and how fast it answers.Saxo is better than XTB for customer care, given that Saxo offers customer support in 15 languages (against XTB's 10), and offers a dedicated account manager and priority support, which XTB does not. Both Saxo and XTB offer phone support and email support.
| Section score | Saxo 87 Best 87 Best | XTB 62 -25 62 -25 |
|---|---|---|
| Number of languages supported i | 15 | 14 |
| Website languages i | Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese | Arabic, Czech, German, English, French, Hungarian, Italian, Polish, Portuguese, Romanian, Slovenian, Spanish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Czech, German, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Spanish, Chinese | Arabic, Greek, English, French, Italian, Russian, Spanish, Thai, Turkish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Saxo and XTB provide to their clients in .Saxo is better than XTB for learning, given that Saxo offers professional reports, which XTB does not. Saxo and XTB both offer education for advanced traders and webinars.
| Section score | Saxo 100 Best 100 Best | XTB 88 -12 88 -12 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Saxo vs XTB: which one should you choose?
Saxo
CFD/FX Choose Saxo if you want a CFD and forex broker for automated trading with conditions for high-volume trading.
Stocks Choose Saxo if you want a broker for securities investing with funds, bonds and options.
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.
XTB
CFD/FX Choose XTB if you want an online CFD broker for hedging with ETFs and micro accounts.
Stocks Choose XTB if you want a share dealing service with commission-free US stocks and micro accounts.
Open Account 77% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Saxo or XTB, each scored with the same data and method as this page.
