Comparison CMC Markets vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs Saxo Bank. Which of them: CMC Markets or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and Saxo Bank has a commission fee of from 0.1% commission. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of Saxo Bank is from 0.4 pips. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and Saxo Bank provides from £0.85. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.3 pips and from 0.1% commission for CMC Markets and Saxo Bank, respectively. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are CMC Markets provides customers with Stocks Trading, ETFs Trading, Forex Trading, and Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in CMC Markets is 1 - 2 business days, and that one in Saxo Bank is 1-2 business days.
As a result, the rating of CMC Markets is 4.8 stars versus that of Saxo Bank of 4.1 stars.