Written by ForexBrokers.com
In this head to head comparison of Saxo vs FXPrimus, 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 FXPrimus, it's important to consider their trust ratings and regulatory standings. Saxo, established in 1992, is a highly rated online broker with a ForexBrokers.com Trust Score of 99, indicating a high level of trust. It operates as a bank and boasts an impressive number of regulatory approvals with 7 Tier-1 licenses, reflecting its strong compliance with top financial authorities. Additionally, Saxo holds 1 Tier-2 license. Conversely, FXPrimus, founded in 2009, has a Trust Score of 71, classifying it as an average-risk broker. Unlike Saxo, FXPrimus is not a bank and has only 1 Tier-1 license without any Tier-2 licenses.
Neither Saxo nor FXPrimus is publicly traded on any stock exchange, which may influence transparency factors for some investors. However, Saxo's numerous Tier-1 licenses and its status as a bank may provide additional layers of security and trust for customers, compared to FXPrimus's more limited regulatory framework. Potential clients looking for stable and trusted brokerage services might be more inclined to consider Saxo due to these factors, although both firms have their distinct sets of advantages based on individual investor needs.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to understanding commissions and fees for online brokers, Saxo and FXPrimus provide different experiences for traders. Saxo is praised for its competitive pricing, benefiting active and high-volume traders. With spread rates as low as 0.9 pips for Classic accounts and dropping to 0.9 pips for VIP account holders, Saxo ensures that traders enjoy favorable rates compared to the industry average. Unique features like waiving custody fees for those engaging in securities lending make Saxo an attractive choice. Moreover, Saxo stands out as commission-free, earning a star rating of 5 out of 5 and a commendable 9th place ranking among 62 brokers in the Commissions and Fees category.
FXPrimus, on the other hand, does not provide average spread data, making it more challenging for potential investors to gauge costs upfront. Despite this, FXPrimus holds its ground with a 4-star rating for commissions and fees, signifying satisfaction in trading costs for many users. However, its overall ranking at 42nd out of 62 brokers suggests there may be opportunities for improvement in its fee structure to better appeal to cost-conscious traders.
Although both brokers offer unique advantages, Saxo emerges as the more cost-effective option for those who can maintain higher account balances, offering enticing features and competitive rates. FXPrimus remains a viable alternative but may not offer the same level of savings as Saxo. Traders looking for optimal pricing and the best fee structures will likely find Saxo to be the more attractive choice among the two brokers.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and FXPrimus for their range of investment offerings, Saxo presents a significantly wider array. Saxo clients can access 70,000 tradeable symbols, including 190 forex pairs, making it a powerhouse for those seeking diverse options. In contrast, FXPrimus offers a more limited selection with 140 tradeable symbols and 42 forex pairs. Saxo also provides access to exchange-traded securities on both U.S. and international markets, allowing clients the opportunity to invest directly in companies like Apple and Vodafone. FXPrimus, however, does not offer investment in these exchange-traded securities, restricting clients from direct market involvement.
Both Saxo and FXPrimus allow forex trading as CFDs or spot contracts and offer copy trading services, making them accessible to both new and experienced investors. Additionally, they both provide the option to trade cryptocurrency derivatives, although not the actual cryptocurrencies. When evaluated by ForexBrokers.com, Saxo ranks impressively as the 3rd best out of 62 brokers for the range of investments, earning a perfect 5-star rating. FXPrimus receives a lower rating of 3.5 stars and is positioned at 59th in the same category, highlighting the stark difference in the breadth of investment opportunities between the two brokers.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 140 |
| Forex Pairs (Total) | 190 | 42 |
| 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 FXPrimus, both brokers provide traders with the opportunity to use simulated accounts, making it easy for beginners to practice trading without risking their own money. Each platform has developed its own proprietary trading tools, offering both desktop and web-based platforms for seamless access. While both brokers support copy trading, only FXPrimus offers the popular MetaTrader 4 and 5, making it a suitable option for those specifically looking for MT4 and MT5 functionalities. Saxo may not support these third-party platforms, but it stands out with a wider array of 20 drawing tools and a comprehensive trading experience.
In terms of platform and tools, Saxo and FXPrimus share some similarities but Saxo excels with exceptional features. Saxo provides extensive customization with up to 60 fields in watch lists, compared to FXPrimus's 7, offering more detailed market insights. This meticulous attention to detail is reflected in Saxo's top ranking by ForexBrokers.com, claiming the first position among 62 brokers for trading platforms and tools, and earning a five-star rating. Meanwhile, FXPrimus is ranked 49th, with a four-star rating, which underscores the differences in the overall sophistication and user experience of their trading platforms. Saxo allows traders to engage directly from stock charts, further enriching the trading experience.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Saxo and FXPrimus for mobile trading, both provide iPhone and Android apps with key features that appeal to various traders. Both platforms support price alerts for stocks and forex, the ability to draw trendlines, view multiple time frames, and auto-save chart drawings. However, Saxo stands out with 64 technical studies compared to FXPrimus's 30. Additionally, Saxo offers syncing for watchlist symbols across its mobile app and online account, a feature not available with FXPrimus.
In terms of rankings and user feedback, Saxo earns a top-tier rating of 5 stars for its mobile trading apps and holds a strong #2 position among 62 brokers according to ForexBrokers.com. FXPrimus, while still competent, garners a respectable 4-star rating and ranks #47 on the same list. Both platforms allow users to create watchlists with real-time quotes, but Saxo's superior charting capabilities and syncing features may make it the preferred choice for those seeking more advanced mobile trading tools.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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 online brokers Saxo and FXPrimus in terms of market research features, Saxo clearly emerges as the more comprehensive option. Both brokers provide daily market commentary and economic calendars to keep traders informed about global events. However, Saxo outshines FXPrimus by offering forex news from high-profile sources like Bloomberg and Reuters, ensuring that traders have access to the latest information. Additionally, Saxo enhances trading decisions with technical analysis tools such as those from Autochartist and provides a sentiment-based trading tool to indicate market trends across various instruments. These extensive resources earn Saxo a stellar five-star rating for research, ranking it first among 62 brokers on ForexBrokers.com.
In contrast, FXPrimus may suit traders who prefer simpler research tools, yet it lacks many advanced features available with Saxo. While traders at FXPrimus can access daily market commentary and an economic calendar, they miss the advantage of influential forex news sources and specialized technical analysis tools that Saxo provides. Furthermore, without a sentiment-based tool, FXPrimus limits the breadth of market insights available to its users, resulting in a three-star research rating and placing it at 58th in comparison to other brokers. For traders seeking comprehensive market research and insights, Saxo sets a high standard that is hard to match.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Saxo and FXPrimus offer a comprehensive range of materials related to forex and CFDs trading. Each broker provides a minimum of 10 educational pieces such as articles and videos, alongside recurring webinars each month. Additionally, both host searchable archives of their previous client webinars, enhancing accessibility to past learning sessions. However, Saxo sets itself apart by offering a broader selection for beginners, with over 10 educational videos tailored specifically for novice traders. FXPrimus does not provide such an extensive video library for beginners.
Further distinguishing Saxo is its provision of educational content for seasoned traders, including over 10 advanced trading videos. In contrast, FXPrimus does not offer the same level of advanced educational videos. Saxo also boasts an investor dictionary with definitions for over 50 investing terms, a resource FXPrimus lacks. These factors contribute to Saxo's superior educational rating of 5 stars, compared to FXPrimus's 3 stars. Consequently, Saxo ranks notably higher in the Education category with ForexBrokers.com, securing the 13th spot out of 62 brokers, while FXPrimus comes in at 51st place.
| Feature |
Saxo
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. Saxo finished with an overall rank of #3, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Saxo and FXPrimus do not provide options to buy actual delivered cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
Both Saxo and FXPrimus allow deposits and withdrawals via Visa, Mastercard, and bank wires; however, FXPrimus also supports transactions through Skrill, whereas neither broker provides options for ACH, SEPA transfers, or PayPal.
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.
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0 of 5| Overall Rating | Saxo | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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| Regulation | Saxo | FXPrimus | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1992 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 140 | |
| Forex Pairs (Total) | 190 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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