Comparison of CMC Markets and Saxo
| Feature | CMC Markets | Saxo |
|---|---|---|
| Broker | ||
| Year Founded | 1989 | 1992 |
| Broker Type | MM | DMA |
| Dealing | B-book | A-book |
| Execution | Market | Market |
| Regulation | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | Danish FSA, FCA, MAS, FINMA |
| Platforms | MetaTrader 4 (MT4), CMC Markets | SaxoTraderGO, SaxoTraderPRO, TradingView |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:30 | 1:30 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
| Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Credit Card, Debit Card |
| Inactivity Fee | $15 per month after 12 months | ✖ |
| Interest on Margin | ✖ | ✔ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) | Danish Guarantee Fund, UK FSCS |
| Protection Size | £85 000 | DKK 100 000 / £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies |
| Review | CMC Markets Review | Saxo Review |
About CMC Markets
CMC Markets is a well-established forex and CFD broker founded in 1989, renowned for its robust trading platforms, competitive spreads, and extensive range of tradable assets. With a global presence and regulation in top-tier jurisdictions, the broker caters to both beginners and experienced traders. CMC Markets offers access to forex, indices, commodities, cryptocurrencies, and shares, supported by advanced tools and educational resources to enhance trading experiences.
Pros
- Regulated by top-tier authorities, including the FCA and ASIC
- Comprehensive range of tradable instruments across multiple asset classes
- Intuitive and feature-rich proprietary trading platform, Next Generation
- Competitive pricing with tight spreads and no commission on most trades
- Exceptional educational resources and market research tools
Cons
- Does not offer services to U.S. clients due to regulatory restrictions
- Trading fees can be higher for less active traders
- Limited deposit and withdrawal methods compared to other brokers
About Saxo
Saxo is a Danish multi-asset broker and fully licensed bank offering Direct Market Access across more than 190 FX pairs, 19 000+ equities and thousands of other instruments. Regulated by the Danish FSA, FCA, MAS and FINMA, Saxo provides the award-winning SaxoTraderGO/PRO platforms plus TradingView connectivity. Its Classic account has no minimum deposit, floating FX spreads from 0.9 pips and leverage up to 1:30, while Platinum and VIP tiers unlock tighter pricing and premium service. Traders benefit from segregated client funds, negative-balance protection in the EU, rich analytics and extensive education.
Pros
- Bank-grade regulation (DK FSA, FCA, MAS, FINMA)
- No-minimum Classic account; tight DMA pricing
- 190+ FX pairs and 40 000+ instruments overall
- SaxoTraderGO/PRO plus TradingView integration
- Tiered positive-balance interest on cash
- Extensive research, webinars and market tools
Cons
- High deposits (USD 200k / 1 M) for better Platinum / VIP pricing
- No MetaTrader support
- Islamic swap-free accounts not available
CMC Markets & Saxo Regulation
| Feature | CMC Markets | Saxo |
|---|---|---|
Companies | CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd | Saxo Bank A/S |
Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France |
Regulators | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | Danish FSA, FCA, MAS, FINMA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS) | Danish Guarantee Fund, UK FSCS |
Investor Protection Size | £85 000 | DKK 100 000 / £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
CMC Markets
CMC Markets UK plc, CMC Markets Germany GmbH, CMC Markets Canada Inc, CMC Markets Asia Pacific Pty Ltd, CMC Markets NZ Limited, CMC Markets Singapore Pte Ltd, CMC Markets Middle East Ltd
Saxo
Saxo Bank A/S
Countries
CMC Markets
United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates
Saxo
Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France
Regulators
CMC Markets
FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA
Saxo
Danish FSA, FCA, MAS, FINMA
Investor Protection
CMC Markets
UK Financial Services Compensation Scheme (FSCS)
Saxo
Danish Guarantee Fund, UK FSCS
Investor Protection Size
CMC Markets
£85 000
Saxo
DKK 100 000 / £85 000
Publicly Traded
CMC Markets
Saxo
Segregated Accounts
CMC Markets
Saxo
Guaranteed Stop Loss
CMC Markets
Saxo
Negative Balance Protection
CMC Markets
Saxo
Account Types
| Account | CMC Markets | Saxo |
|---|---|---|
Market Maker Account | ||
| Account Name | CFD | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
DMA Account | ||
| Account Name | — | Classic |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.9 |
| Fee | — | No |
| Max Leverage | — | 1:30 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
CMC Markets
CFD
Saxo
—
Min Deposit
CMC Markets
$1
Saxo
—
Lot Size
CMC Markets
0.01
Saxo
—
Spread Type
CMC Markets
Floating
Saxo
—
Execution
CMC Markets
Market
Saxo
—
Min Spread
CMC Markets
0.7
Saxo
—
Fee
CMC Markets
No
Saxo
—
Max Leverage
CMC Markets
1:30
Saxo
—
Stop Out
CMC Markets
50%
Saxo
—
Margin Call
CMC Markets
80%
Saxo
—
DMA Account
Account Name
CMC Markets
—
Saxo
Classic
Min Deposit
CMC Markets
—
Saxo
$1
Lot Size
CMC Markets
—
Saxo
0.01
Spread Type
CMC Markets
—
Saxo
Floating
Execution
CMC Markets
—
Saxo
Market
Min Spread
CMC Markets
—
Saxo
0.9
Fee
CMC Markets
—
Saxo
No
Max Leverage
CMC Markets
—
Saxo
1:30
Stop Out
CMC Markets
—
Saxo
50%
Margin Call
CMC Markets
—
Saxo
100%
Additional Features
Demo Account
CMC Markets
Saxo
VIP Account
CMC Markets
Saxo
Swap-Free Account
CMC Markets
Saxo
Copy Trading
CMC Markets
Saxo
VPS
CMC Markets
Saxo
PAMM/MAM Accounts
CMC Markets
Saxo
Funding and Fees
| Feature | CMC Markets | Saxo |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal | Bank Wire, Credit Card, Debit Card |
Inactivity fee | $15 per month after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
CMC Markets
USD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD
Saxo
USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK
Deposit and withdrawal methods
CMC Markets
Bank Wire, Credit Card, Debit Card, PayPal
Saxo
Bank Wire, Credit Card, Debit Card
Inactivity fee
CMC Markets
$15 per month after 12 months
Saxo
Interest on margin
CMC Markets
Saxo
Withdrawal fee
CMC Markets
Saxo
Trading Platforms and Conditions
| Feature | CMC Markets | Saxo |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), CMC Markets | SaxoTraderGO, SaxoTraderPRO, TradingView |
Execution Speed | 0 ms | 9 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Platforms
CMC Markets
MetaTrader 4 (MT4), CMC Markets
Saxo
SaxoTraderGO, SaxoTraderPRO, TradingView
Execution Speed
CMC Markets
0 ms
Saxo
9 ms
Scalping
CMC Markets
Saxo
Expert Advisors (EAs)
CMC Markets
Saxo
Depth of Market (DOM)
CMC Markets
Saxo
Spread
CMC Markets
low
Saxo
average
Trading Assets
| Asset | CMC Markets | Saxo |
|---|---|---|
Currencies | 336 | 190 |
Indices | 99 | 29 |
Stocks | 10099 | 19000 |
Cryptocurrencies | 336 | 20 |
Bonds | 71 | 5000 |
Metals | 19 | 4 |
Energies | 45 | 5 |
Soft Commodities | 58 | 8 |
ETFs | 1200 | 3000 |
Currencies
CMC Markets
336
Saxo
190
Indices
CMC Markets
99
Saxo
29
Stocks
CMC Markets
10099
Saxo
19000
Cryptocurrencies
CMC Markets
336
Saxo
20
Bonds
CMC Markets
71
Saxo
5000
Metals
CMC Markets
19
Saxo
4
Energies
CMC Markets
45
Saxo
5
Soft Commodities
CMC Markets
58
Saxo
8
ETFs
CMC Markets
1200
Saxo
3000
Education and Analytics
| Feature | CMC Markets | Saxo |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
CMC Markets
Saxo
Indicators
CMC Markets
Saxo
Robots
CMC Markets
Saxo
Signals
CMC Markets
Saxo
Autochartist
CMC Markets
Saxo
Expert Analytics
CMC Markets
Saxo
News Feed
CMC Markets
Saxo
Education Articles
CMC Markets
Saxo
Webinars
CMC Markets
Saxo
Seminars
CMC Markets
Saxo
Customer Support
| Contact | CMC Markets | Saxo |
|---|---|---|
Email | clientmanagement@cmcmarkets.co.uk | salesCEE@saxobank.com |
Phone | — | +4539774113 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Twitter |
Email
CMC Markets
Phone
CMC Markets
—
Saxo
YouTube
CMC Markets
Saxo
—
Which Broker is Better?
After comparing CMC Markets and Saxo, CMC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.