CMC Markets vs Saxo Bank
Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.
4.7
4.5
10 pts
Head to head
Winners by category
Full comparison table
Rating
CMC Markets
4.7
Saxo Bank
4.5
Model score
CMC Markets
90
Saxo Bank
80
Regulation
CMC Markets
FCA (UK), ASIC (Australia), BaFin (Germany), MAS (Singapore), IIROC (Canada), FMA (New Zealand), DFSA (Dubai)
Saxo Bank
Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan).
Spreads
CMC Markets
Spreads start from 0.0 pips on major pairs via FX Active, and from 0.7 pips on Standard accounts. Automated 100% electronic execution hosted on London servers.
Saxo Bank
Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity.
Fees
CMC Markets
Standard CFD Account: Spread-only pricing (average EUR/USD ~0.65 pips). FX Active Account: Raw spreads from 0.0 pips + 0.0025% commission per side ($2.50 per $100k). No minimum deposit required.
Saxo Bank
Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts.
Platforms
CMC Markets
Next Generation Platform, CMC Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView
Saxo Bank
Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals).
Account types
CMC Markets
Individual CFD Account, FX Active Account, Spread Betting (UK), Professional Account, Demo Account
Saxo Bank
Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads.
Min deposit
CMC Markets
$0 (Varies)
Saxo Bank
$0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points).
| Topic | CMC Markets | Saxo Bank |
|---|---|---|
| Rating | 4.7 | 4.5 |
| Model score | 90 | 80 |
| Regulation | FCA (UK), ASIC (Australia), BaFin (Germany), MAS (Singapore), IIROC (Canada), FMA (New Zealand), DFSA (Dubai) | Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan). |
| Spreads | Spreads start from 0.0 pips on major pairs via FX Active, and from 0.7 pips on Standard accounts. Automated 100% electronic execution hosted on London servers. | Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity. |
| Fees | Standard CFD Account: Spread-only pricing (average EUR/USD ~0.65 pips). FX Active Account: Raw spreads from 0.0 pips + 0.0025% commission per side ($2.50 per $100k). No minimum deposit required. | Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts. |
| Platforms | Next Generation Platform, CMC Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView | Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals). |
| Account types | Individual CFD Account, FX Active Account, Spread Betting (UK), Professional Account, Demo Account | Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads. |
| Min deposit | $0 (Varies) | $0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points). |