Saxo Bank vs XM
An in-depth comparison to help you choose the right broker for your trading journey.
QUICK VERDICT
Who Wins?
VS
HEAD-TO-HEAD 
Side-by-Side Comparison
Feature
Overall Rating
4.5/5
4/5
Minimum Deposit
$2,000
$5
Spreads From
0.4 pips
0.6 pips
Max Leverage
Up to 30:1 (EU)
Up to 1000:1
Instruments
71,000+
1,000+
Fees Score
3.5/5
4.2/5
Platforms Score
4.8/5
4.3/5
Education Score
4.3/5
4.5/5
Safety Score
4.9/5
4.5/5
Platforms
SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile App
Founded
1992
2009
Headquarters
Copenhagen, Denmark
Limassol, Cyprus
ANALYSIS
Open Saxo Bank Account
Open XM Account
Pros & Cons
Pros
- 71,000+ instruments
- Award-winning platforms
- Bank-level security
- Premium research
- Options and futures
Cons
- High minimum deposit ($2,000)
- Premium pricing
- Complex for beginners
- Inactivity fees
Pros
- Ultra-low $5 minimum deposit
- Excellent educational resources
- Multi-regulated (FCA, CySEC, ASIC)
- No deposit or withdrawal fees
- Excellent customer support (24/5)
Cons
- Higher spreads than ECN brokers
- Limited research tools
- Inactivity fee after 90 days
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