FP Markets

⭐ 4.5 / 5

Saxo Bank

⭐ 4.7 / 5

FP Markets vs Saxo Bank — which broker is better in 2026?

Q: Is FP Markets more regulated than Saxo Bank?

FP Markets is regulated by ASIC, CySEC, FSCA, FSA SVG. Saxo Bank is regulated by FSA Denmark, FCA, ASIC, MAS, FINMA, DFSA, JFSA, SFC HK.

Q: What are the spreads at FP Markets vs Saxo Bank?

FP Markets spreads start from 0.0 pips (Raw). Saxo Bank spreads start from 0.6 pips (Classic) / 0.4 pips (Platinum) / 0.3 pips (VIP).

We compared FP Markets and Saxo Bank across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. Saxo Bank wins on more criteria (3 categories vs 2), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.

	FP Markets	Saxo Bank	Winner
Rating	⭐ 4.5 / 5	⭐ 4.7 / 5	Saxo Bank
Regulators	ASIC, CySEC, FSCA, FSA SVG	FSA Denmark, FCA, ASIC, MAS, FINMA, DFSA, JFSA, SFC HK	Saxo Bank
Min. deposit	$100	$0 (Classic) / $200K (Platinum) / $1M (VIP)	Saxo Bank
Spreads from	0.0 pips (Raw)	0.6 pips (Classic) / 0.4 pips (Platinum) / 0.3 pips (VIP)	FP Markets
Max. leverage	Up to 1:30 (EU retail) / 1:500 (offshore)	Up to 1:30 (EU retail) / 1:100 (Pro)	—
Platforms	MT4, MT5, cTrader, IRESS, FP Markets Mobile	SaxoTraderGO, SaxoTraderPRO, TradingView, API	FP Markets
Founded	2005	1992	—
HQ	Sydney, Australia	Copenhagen, Denmark	—

Pros & cons compared

FP Markets pros

✓ Founded 2005 — 20+ year operating history
✓ ASIC + CySEC dual tier-1 regulation
✓ Raw account: 0.0 pips + $3/lot commission per side
✓ Five platforms incl. IRESS — DMA access to ASX & global equities
✓ 10,000+ share CFDs across 9 international exchanges

Cons

✗ $100 minimum deposit higher than budget brokers
✗ Smaller brand than IC Markets / Pepperstone
✗ IRESS platform has steeper learning curve than MT4

Saxo Bank pros

✓ Founded 1992 — Danish bank with full banking license
✓ Eight tier-1 regulators globally including FSA Denmark, FCA, ASIC
✓ 70,000+ instruments — broadest single-broker market access in retail
✓ Award-winning SaxoTraderPRO desktop platform
✓ Real stocks, ETFs, bonds, options, futures, mutual funds + FX/CFD

Cons

✗ Volume-tier pricing means small traders get worse terms
✗ Premium platforms have a learning curve vs. MT4
✗ Inactivity fee of $25/quarter after 6 months dormant

Which one should you choose?

Choose FP Markets if you want…

Australian + EU traders wanting deep equity CFD coverage via IRESS plus ECN FX execution from a dual-tier-1 broker.

Choose Saxo Bank if you want…

Serious traders with $10K+ deposits wanting institutional-grade market access from a regulated Danish bank.

Frequently asked questions

Which is better — FP Markets or Saxo Bank?

Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), Saxo Bank wins 3 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.

Is FP Markets more regulated than Saxo Bank?

FP Markets holds licenses from: ASIC, CySEC, FSCA, FSA SVG. Saxo Bank holds licenses from: FSA Denmark, FCA, ASIC, MAS, FINMA, DFSA, JFSA, SFC HK. Saxo Bank has more regulatory licenses, giving it broader geographic coverage.

What are the spreads at FP Markets vs Saxo Bank?

FP Markets spreads start from 0.0 pips (Raw). Saxo Bank spreads start from 0.6 pips (Classic) / 0.4 pips (Platinum) / 0.3 pips (VIP). Actual spreads vary by account type and market conditions.

Which has a lower minimum deposit, FP Markets or Saxo Bank?

FP Markets: $100. Saxo Bank: $0 (Classic) / $200K (Platinum) / $1M (VIP). Saxo Bank has the lower entry barrier.