Written by ForexBrokers.com
In this head to head comparison of Saxo vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, Saxo and FXGT.com show distinct differences, especially in terms of regulatory oversight and trust scores. Established in 1992, Saxo is a well-seasoned participant in the online brokerage market and operates as a bank, which may offer an added layer of reassurance to its users. While it is not publicly traded, Saxo sets itself apart with an impressive seven Tier-1 licenses, aligning it with the highest level of trust as per ForexBrokers.com’s rating system. This results in Saxo achieving a perfect Trust Score of 99 out of 99, reflecting its strong regulatory standing and customer confidence.
Conversely, FXGT.com, a newer entrant founded in 2019, does not operate as a bank and is not publicly traded. Its regulatory footprint includes holding just one Tier-1 license and one Tier-2 license. This places FXGT.com in a higher risk category with a ForexBrokers.com Trust Score of 69 out of 99, indicating a need for cautious consideration by potential users. For those prioritizing trust and regulation in choosing a broker, Saxo clearly leads in providing a more strongly regulated platform.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Year Founded | 1992 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Saxo and FXGT.com for commissions and fees, Saxo clearly stands out. With its excellent pricing structure, Saxo is particularly appealing to active and high-volume traders who can maintain substantial account balances. Saxo offers different account tiers: Classic, Platinum, and VIP, with average spreads on EUR/USD of 1.1, 1.0, and 0.9 pips, respectively, as of November 2023. The pricing for the Platinum and VIP accounts is closer to the industry average, while the Classic account is slightly above it. Notably, Saxo eliminates custody fees for share trading through securities lending and requires no minimum deposit for its Classic account.
In contrast, FXGT.com does not provide specific average spread data, making a direct comparison challenging. While Saxo's accounts have defined spread data, FXGT.com's costs are less transparent. Saxo's commission-free trading model further enhances its appeal, particularly for forex trading, with a $3 ticket fee only applied to trades below 50,000 units per month. Meanwhile, FXGT.com maintains a more opaque fee structure, which may not cater as efficiently to the needs of traders looking for clarity and predictability in their costs.
Considering user ratings and rankings, Saxo excels with a 5-star rating from ForexBrokers.com and ranks 9th out of 62 brokers in the Commissions and Fees category. This contrasts with FXGT.com's 3.5-star rating and 55th rank, highlighting Saxo's superior competitive edge in offering lower fees and commissions, especially for traders seeking premium services and an elevated trading experience.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and FXGT.com for their range of investment options, Saxo stands out with a substantial offering. Saxo provides access to 70,000 tradeable symbols, dwarfing FXGT.com's offering of 117. Investors looking to trade in the forex market will find Saxo more diverse, with 190 tradeable forex pairs compared to FXGT.com's 53. Additionally, Saxo offers exchange-traded securities on both U.S. and international exchanges, allowing clients the flexibility to invest directly in global companies like Apple and Vodafone. In contrast, FXGT.com does not provide this option.
Both platforms support forex trading through CFDs or spot contracts and offer cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. If you're interested in copy trading, both Saxo and FXGT.com cater to this need. Saxo earns a five-star rating for its range of investments, ranked #3 by ForexBrokers.com, highlighting its extensive offerings. On the other hand, FXGT.com receives a three-star rating and is ranked much lower at #60, indicating a more limited selection for traders. These differences make Saxo a more appealing choice for those seeking a wide variety of investment opportunities.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 117 |
| Forex Pairs (Total) | 190 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Saxo and FXGT.com for their trading platforms and tools, both brokers offer a range of interesting options for traders. Saxo stands out with its own proprietary platform, offering a seamless trading experience that includes a well-designed Windows-based desktop platform and a flexible web-based trading option. FXGT.com uses popular third-party platforms MetaTrader 4 and 5, which are well-known for their extensive trading tools and community support. Both brokers provide access to simulated trading through free virtual demo accounts, making it easy for beginners to practice. They also support copy trading, allowing users to mimic successful trading strategies from other traders.
In terms of specific tools, Saxo offers an impressive 60 customizable columns for watch lists and allows direct trading from stock charts, as does FXGT.com. However, FXGT.com offers 23 drawing tools for charting against Saxo's 20. Despite these offerings, Saxo holds a perfect five-star rating for its platforms and tools, compared to FXGT.com's four stars. This higher rating is reflected in Saxo's number one ranking out of 62 brokers by ForexBrokers.com for trading platforms and tools, while FXGT.com sits at number 56. Saxo is more geared towards traders looking for tailored solutions, whereas FXGT.com caters to those who prefer widely-used trading software.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 37 |
| Charting - Drawing Tools (Total) | 20 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and FXGT.com both offer comprehensive mobile trading apps available for iPhone and Android users. Both platforms provide features like stock and forex price alerts, watchlist symbol syncing, trendline drawing on charts, multiple time frame views, and auto-saving of chart drawings. Users can also create watchlists with real-time quotes, enhancing their trading experience. However, when it comes to charting tools, Saxo stands out by offering 64 technical studies compared to FXGT.com's 30, giving traders access to a wider range of analysis tools.
In terms of user satisfaction, Saxo's mobile app receives an impressive 5-star rating, ranking it as the second-best app out of 62 brokers reviewed by ForexBrokers.com. On the other hand, FXGT.com's mobile app has a 3.5-star rating and is positioned much lower at the 58th place. This indicates a significant difference in user feedback and recognition, with Saxo being the preferred choice for those seeking a more highly-rated mobile trading experience.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Saxo and FXGT.com for market research, Saxo clearly stands out in several key areas. Saxo offers daily market commentary, providing traders with timely insights to make informed decisions. It also provides forex news from top-tier sources, such as Bloomberg and Reuters, enabling traders to stay updated with the latest financial news. Saxo further enhances its offering with technical analysis and fundamental research tools from Autochartist and a sentiment-based trading tool, giving traders a comprehensive set of resources. Additionally, Saxo includes an economic calendar to help traders track important global news events. With a 5-star research rating and being ranked first among 62 brokers by ForexBrokers.com, Saxo sets a high benchmark in research services.
On the other hand, FXGT.com falls short in several research features when compared to Saxo. Although it provides a sentiment-based trading tool and an economic calendar, it lacks daily market commentary and forex news from top-tier sources. FXGT.com does not offer research tools from companies like Autochartist or Acuity Trading. With a 3-star research rating and a ranking of 56th among 62 brokers by ForexBrokers.com, FXGT.com offers a more basic research package that might not meet the needs of traders looking for in-depth market insights and analysis tools. Saxo remains the preferred choice for those seeking comprehensive market research capabilities.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Saxo and FXGT.com for educational resources aimed at beginners, Saxo stands out as a comprehensive choice. Saxo provides over 10 educational pieces on forex and CFDs, including a range of articles, videos, and archived webinars. It runs monthly online educational webinars and keeps an easily searchable archive of past sessions. Saxo also offers a wealth of material for beginners, with more than ten beginner-focused trading videos and an extensive library of advanced content for seasoned traders. Furthermore, Saxo provides an investor dictionary with definitions for over 50 investing terms. Its educational offerings have earned it a top rating of 5 stars and a respectable #13 ranking out of 62 brokers for education by ForexBrokers.com.
In contrast, FXGT.com falls short in providing a broad selection of educational resources for new traders. While it does offer an investor dictionary, it lacks the same diverse educational content seen with Saxo. FXGT.com does not reach the minimum threshold of ten educational pieces on forex or CFDs. Additionally, it does not conduct monthly client webinars, nor does it provide a searchable archive of such educational content. FXGT.com also misses out on offering a dedicated selection of beginner and advanced educational videos. With these limitations, FXGT.com is rated at 3 stars for education and is ranked #59 by ForexBrokers.com, reflecting a less resource-rich experience for beginners.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Saxo is better than FXGT.com. Saxo finished with an overall rank of #3, while FXGT.com finished with an overall rank of #58.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Saxo and FXGT.com do not offer the ability to buy actual delivered cryptocurrencies, but they both provide the option to trade cryptocurrency derivatives.
When comparing online brokers Saxo and FXGT.com, both offer Visa or Mastercard and bank wire options for depositing or withdrawing account funds, but only FXGT.com supports ACH or SEPA transfers, while neither broker offers PayPal or Skrill as payment options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Saxo | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Saxo | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1992 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 117 | |
| Forex Pairs (Total) | 190 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 5 | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review |
| Overall | Saxo | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Saxo Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill