Updated September 29, 2026 · BrokerCue Editorial Team
FXCC vs Saxo
Where FXCC and Saxo differ
| Compare | FXCC ReviewSee alternativesSee alternatives |  Saxo |
|---|---|---|
| Minimum deposit | $0 | CHF 0 |
| Stock trade fee | $0Lower | $1 |
| Markets | Stocks, Forex, Crypto, Metals | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, Funds |
| Regulators | Mwali International Services Authorities (MISA) | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Deposit and withdrawal fees | No fees charged by broker | Free deposits and withdrawals |
| Platforms | MT4, MT5 | SaxoInvestor, SaxoTrader |
| Account fee | Not confirmed | €0 |
| Inactivity fee | Not confirmed | €0 |
| Investor protection | Not confirmed | EU ICS up to EUR 20,000 |
| Retail accounts that lose money | Not confirmed | 64% |
| Currency conversion fee | Not confirmed | 0.25% |
| Options contract fee | Not confirmed | $2 |
| Account types | Not confirmed | Joint, Corporate |
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Key differences
- Saxo scores higher overall: 9.3 vs 9.1.
- Regulators: only FXCC offers Mwali International Services Authorities (MISA).
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Founded is lower at Saxo: 1992 vs 2010.
- Saxo is licensed in 1 more country.
- Stock trade fee is lower at FXCC: $0 vs $1.
- Markets: only FXCC offers Crypto, Metals.
- Markets: only Saxo offers ETFs, CFDs, Options.
- Platforms: only FXCC offers MT4, MT5.
- Platforms: only Saxo offers SaxoInvestor, SaxoTrader.
Our verdict on each
FXCC
FXCC keeps entry cheap: the minimum deposit is $0, the stock trade fee is $0 and pricing is commission-free. It suits beginners and forex traders who want MT4 or MT5, a demo account and no broker charge on deposits, with a named regulator and licence behind the account.
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 | FXCC | Saxo |
|---|---|---|
| Cost | 9.6HigherCommission-free pricing (commission free) with $0 to open, and the broker states No fees charged by broker. | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 9.1 | 9.3Higher |
| Trust | 8.8 | 9.5Higher |
Which one suits you
Pick FXCC if cost and stock trade fee matter most.
Pick Saxo if trust matter most.
Where each is licensed and available
| Country | FXCC | Saxo |
|---|---|---|
| Comoros | Not confirmed | |
| Denmark | Not confirmed | |
| United Kingdom | Not confirmed |
How they place
| Ranking | FXCC | Saxo |
|---|---|---|
| Stock and ETF brokers | 113 of 471 | 78 of 471 |
| Forex brokers | 49 of 147 | 33 of 147 |
| Low-spread forex brokers | 47 of 145 | 31 of 145 |
Every fact side by side
| Fact | FXCC | Saxo |
|---|---|---|
| Features | Mobile app, Demo account | Demo account, Fractional shares, Mobile appCovers more |
| Pricing model | Commission free | Low fees |
| Legal entity | Central Clearing Ltd | Saxo Bank A/S |
| Headquarters | Not confirmed | Denmark |
| Founded | 2010 | 1992Lower |
| Support channels | Email, Chat, Phone | Not confirmed |
Where each stands against the rest
| Fact | FXCC | Saxo | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | $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 | Not confirmed | 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
FXCC
Pros
- Ranks at the top of 213 brands on minimum deposit, at $0.
- A commission-free model and a stock trade fee of $0, at the top of 161 brands for that fee.
- Both a mobile app and a demo account are offered (mobile app and demo account), so you can practise before funding.
Cons
- The listed regulator is Mwali International Services Authorities (MISA), so there is no UK or EU protection scheme behind the account.
- The market list is short at stocks, forex and crypto, with no ETF, bond or fund line on it.
- Most retail accounts lose money: the share that do runs at 70.15% across the site and 72.13% in the forex list.
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
FXCC
Who it suits
- Beginners who want a demo account and $0 to start with.
- Traders already working in MT4 and MT5 who prefer commission-free pricing.
- Traders who hold metals or crypto alongside forex, since stocks, forex and crypto covers them.
Who should look elsewhere
- Anyone after the longest market list: CFI covers stocks, etfs and forex.
- Traders who want futures in the same account: eToro covers stocks, etfs and forex.
- Investors who prefer a stated entry level rather than $0: Vantage asks $5.
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
FXCC
What does it cost to trade with FXCC?+
The minimum deposit is $0 and the stock trade fee is $0. The pricing model is commission-free, so a trade does not carry a separate commission and the usual cost sits in the spread. Support runs on email, chat and phone.
Are there fees for depositing or withdrawing money?+
The broker states No fees charged by broker, so moving money in or out of the account does not add a cost. That matters for smaller accounts, where a fixed transfer charge would eat into a balance opened at $0.
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.
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