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Forex Club vs Saxo Group
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Forex Club currently holds a stronger overall rating (3.9) than Saxo Group (2).
Forex Club has a lower minimum deposit, at 10.0.
Both platforms offer their clients demo accounts, mobile trading.
Traders should note that
Forex Club offers a minimum lot size of 10000.0 and a maximum lot size of 10000.0, while Saxo Group offers 0.01 and 100.0.
Forex Club offers a greater leverage limit of 1:200, whereas Saxo Group allows a maximum of only 1:50.
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 ($) | 10.0 | 5000.0 |
| Commission | 0.0 | 4.0 |
| 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 | 10000.0 | 0.01 |
| Maximum lot size | 10000.0 | 100.0 |
| Spread | - | Variable |
| Broker type | Dealing Desk | STP, ECN, Market Maker, NDD |
| Maximal leverage (1:?) | 200 | 50 |
| Availability | Dealing Desk | STP, ECN, Market Maker, NDD |
| Regulation | CySEC (Cyprus), CRFIN (Russia) | FCA (UK), FINMA (Switzerland), CySEC (Cyprus), ASIC (Australia), DFSA (UAE) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform, MT4 (via bridge) | MetaTrader 4 (MT4), Web Platform, Mobile Platform, SaxoTrader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Check, Money Order, WebMoney, Neteller, Skrill | Wire Transfer, Credit Card, UnionPay, Skrill |
| Account Currency | USD, EUR, RUB | USD, GBP, EUR, CHF, JPY, NZD, CAD, DKK, SEK, BGN, PLN, SGD, HKD, ILS, ZAR, MXN, AUD, NOK, HUF |
| Languages | English, Spanish, French, German, Portuguese, Italian, Russian, Chinese, Indonesian, Malay, Dutch, Malay | English, French, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Malay, Arabic, Hungarian, Dutch, Bulgarian, Swedish, Czech, Slovak, Ukranian |
| Country | Russia | Denmark |
| Trading platform(s) timezone | Russia | Australia, Belgium, Denmark, Czech Republic, France, Hong Kong, India, Italy, Japan, Netherlands, Poland, Saudi Arabia, Singapore, Switzerland, United Kingdom |
| Other trading instruments | Stocks, Futures, Indices, Commodities, CFDs | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Bonds |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
