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Saxo Group vs XM Group
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Saxo Group currently holds a lower overall rating (2) compared to XM Group (4.3).
Saxo Group has a higher minimum deposit than XM Group, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Saxo Group has a maximum lot size of 100.0, while XM Group offers 50.0.
Saxo Group offers a lower maximum leverage of 1:50, whereas XM Group allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5000.0 | 5.0 |
| Commission | 4.0 | 3.5 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Market Maker, NDD | Market Maker |
| Maximal leverage (1:?) | 50 | 1000 |
| Availability | STP, ECN, Market Maker, NDD | Market Maker |
| Regulation | FCA (UK), FINMA (Switzerland), CySEC (Cyprus), ASIC (Australia), DFSA (UAE) | FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform, SaxoTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, UnionPay, Skrill | Multiple local methods |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, DKK, SEK, BGN, PLN, SGD, HKD, ILS, ZAR, MXN, AUD, NOK, HUF | USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF |
| Languages | English, French, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Malay, Arabic, Hungarian, Dutch, Bulgarian, Swedish, Czech, Slovak, Ukranian | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, Cebuano, Mongolian |
| Country | Denmark | United Arab Emirates, Belize, Cyprus, South Africa |
| Trading platform(s) timezone | Australia, Belgium, Denmark, Czech Republic, France, Hong Kong, India, Italy, Japan, Netherlands, Poland, Saudi Arabia, Singapore, Switzerland, United Kingdom | United Arab Emirates, Belize, Cyprus, South Africa |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Bonds | Stocks, Futures, Indices, Commodities, Energies, CFDs, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
