After gradingthe best forex brokerson nearly 100 different variables, Saxo Bank is better than Global Prime. For traders that can afford the USD 10,000 minimum deposit (GBP 500 for the UK), Saxo Bank offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40,000 instruments to trade.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Our team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Global Prime vs Saxo Bank.
To start this comparison, first, we will take a look at the fees charged for trading forex. Its important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Saxo Bank received a rating of 4.50 stars over Global Primes 3.00 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, its very important to select a broker you can trust with your money. Both Global Prime and Saxo Bank are regulated in a major hub. Neither Global Prime and Saxo Bank are publicly traded companies. How many currency pairs are available to trade? Saxo Bank boasts an offering of 182 different currency pairs compared to Global Primes 40 available pairs.
To round out our comparison, lets look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Global Prime makes Meta Trader available to clients, while Saxo Bank does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Global Prime offers its clients access to 31 charting tools while Saxo Bank has 19 charting tools, a difference of 12. Global Prime trails Saxo Bank by 4 total different indicators (for example, moving averages), with Saxo Bank offering 55 and Global Prime offering 51.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The m staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website ( are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
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