Updated September 29, 2026 · BrokerCue Editorial Team
FP Markets vs Saxo
Where FP Markets and Saxo differ
| Compare |  FP Markets |  Saxo |
|---|---|---|
| Minimum deposit | A$100 | CHF 0 |
| Markets | Forex, CFDs | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, FundsCovers more |
| Regulators | ASIC, SIPC | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Retail accounts that lose money | 72.5% | 64% |
| Stock trade fee | Not confirmed | $1 |
| Account fee | Not confirmed | €0 |
| Inactivity fee | Not confirmed | €0 |
| Currency conversion fee | Not confirmed | 0.25% |
| Options contract fee | Not confirmed | $2 |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
| Platforms | Not confirmed | SaxoInvestor, SaxoTrader |
| Account types | Not confirmed | Joint, Corporate |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Saxo scores higher overall: 9.3 vs 9.0.
- Regulators: only FP Markets offers ASIC, SIPC.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Markets: only Saxo offers Stocks, ETFs, Options.
Our verdict on each
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Saxo
Saxo suits investors who want a Danish bank with no account or inactivity charge and a wide market list, but the stock trade fee is $1 and the FX fee is 0.25%. Costs stay predictable for long holders, less so for frequent traders.
Score breakdown
| Area | FP Markets | Saxo |
|---|---|---|
| Cost | 8.6 | 9.1HigherAccount fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 8.6 | 9.3Higher |
| Trust | 9.5 | 9.5 |
Side by side, item by item
| Markets | FP Markets | Saxo |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
What we checked
FP Markets
- brokerchooser.com: 2 facts, checked September 26, 2026
- sipc.org: 2 facts, checked September 26, 2026
- fxscouts.ng: 1 fact, checked September 26, 2026
- leadiq.com: 1 fact, checked September 26, 2026
Saxo
- home.saxo: 6 facts, checked September 26, 2026
- brokerchooser.com: 5 facts, checked September 26, 2026
- bestbrokers.com: 3 facts, checked September 26, 2026
- landofforex.com: 2 facts, checked September 26, 2026
- moneyland.ch: 1 fact, checked September 26, 2026
How they place
| Ranking | FP Markets | Saxo |
|---|---|---|
| Forex brokers | 59 of 147 | 33 of 147 |
| Low-spread forex brokers | 57 of 145 | 31 of 145 |
| CFD brokers | 49 of 122 | 25 of 122 |
Every fact side by side
| Fact | FP Markets | Saxo |
|---|---|---|
| Features | Not confirmed | Demo account, Fractional shares, Mobile app |
| Pricing model | Not confirmed | Low fees |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Saxo Bank A/S |
| Headquarters | Not confirmed | Denmark |
| Founded | Not confirmed | 1992 |
Where each stands against the rest
| Fact | FP Markets | Saxo | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $1highest quarter | $0 |
| Account fee | Not confirmed | €0at the median | €0 |
| Inactivity fee | Not confirmed | €0below the median | €2.45 |
| Retail accounts that lose money | 72.5%above the median | 64%lowest quarter | 72.05% |
| Currency conversion fee | Not confirmed | 0.25%below the median | 0.45% |
| Options contract fee | Not confirmed | $2highest quarter | $0.625 |
Median across 91 listed brokers.
Pros and cons
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Saxo
Pros
- Account fee and inactivity fee are both €0 and €0
- Minimum deposit is CHF 0 and deposits and withdrawals carry no charge
- Regulated in Denmark by the Danish Financial Supervisory Authority and in the UK by the Financial Conduct Authority
Cons
- Stock trade fee of $1 sits well above the site median of €0
- FX fee of 0.25% applies on top of trading costs
- Investor protection is limited to the EU scheme at EU ICS up to EUR 20,000
Who each suits
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
Saxo
Who it suits
- Investors holding stocks and ETFs long term who want no account or inactivity charge
- Traders who need forex, options, futures and CFDs on one account
- Joint and corporate account holders
Who should look elsewhere
- Beginners wanting commission-free share dealing, where eToro charges $0 per trade
- Small-balance traders unwilling to meet the Vantage minimum deposit of $5
- Frequent currency converters put off by the 0.25% FX fee
Questions about each
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
Saxo
What does Saxo charge to hold an account?+
The account fee is €0 and the inactivity fee is €0, so there is no annual or dormancy charge. Saxo ranks 1 of 138 on account fee and 1 of 56 on inactivity fee. That makes it a straightforward choice for long-term holdings.
How much does it cost to buy a stock?+
Stock trades cost $1 through Saxo. That places it at 107 of 161 on this measure, and above the site median of €0. Active share traders should weigh that before opening.
Other options to compare
Other matchups
- FP Markets vs Hfm Partners
- FP Markets vs FBS
- FP Markets vs Exness
- FP Markets vs VT Markets
- FP Markets vs Admirals
- FP Markets vs FXTM
- FP Markets vs Trade Nation
- FP Markets vs Plum
- FP Markets vs FOREX.com
- FP Markets vs FXCM
- FP Markets vs Wealthify
- FP Markets vs AJ Bell
- FP Markets vs Charles Stanley Direct
- Saxo vs ActivTrades
- FP Markets vs XTB
- Saxo vs NAGA
- Saxo vs eToro
- Saxo vs Bitpanda
- Saxo vs Robinhood
- Saxo vs Empower Personal Dashboard
- FP Markets vs Kraken
- FP Markets vs EBC Financial Group
- Saxo vs Lightyear