SimpleFX vs Saxo Bank

SimpleFX is an ECN broker for Forex and CFDs founded in 2014, which also enables trading in four crypto currencies. The broker is based in St. Vincent and the Grenadines and offers its services worldwide. Accounts can be managed in a variety of currencies, including Bitcoin, Etherum and Litecoin. Accounts in crypto currencies can be opened anonymously at SimpleFX. Saxo Bank is a Danish online investment bank founded in 1992. The bank is headquartered in Copenhagen and employs around 900 people. Saxo Bank offers its clients futures and equities as well as forex trading. More than 160 currency pairs can be traded.

Broker SimpleFX Saxo Bank XM
Headquarters Kingstown Copenhagen Cyprus
Spanish
MM/STP Broker
ECN Broker
Founded 2014                       1992                       2009
Regulated By CySEC
Regulated By NFA
Regulated By FCA
Regulated By ASIC
Minimum Deposit $ 1 $10,000 $5
Maximum Leverage 1:500 1:100 1:500
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots
Commission
Deposit Fee
Withdrawal Fee
Fixed Spreads
Variable Spreads
EUR/USD Spread (Variable) 0.90 1.00 0.50
View all spreads View all spreads View all spreads
Demo Account
Micro Account
Zero Spread Account
Islamic Account
Deposit Bonus
No Deposit Bonus
Currency Pairs 60 139 57
CFDs 88 9000 356
Cryptocurrencies
Stocks
Indices
Energies
Metals
View Instruments View Instruments View Instruments
MetaTrader 4
MetaTrader 5
Mobile App
iOS
Android
Web Platform
cTrader
NinjaTrader
Mirror Trader
ZuluTrade
Social Trading
Signals
Scalping
Hedging
VPS
Expert Advisor
PayPal
Neteller
Skrill                                            
Payoneer
Credit Card
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