Home page -> Comparison -> Saxo Capital Markets VS City Index

Title Saxo Capital Markets VS City Index

Best trading broker comparisons. We compared Saxo Capital Markets VS City Index to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between Saxo Capital Markets VS City Index.

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

Basic Information

Year Founded

First broker:

UK since 2006

Second broker:

1983

Headquarters Location

First broker:

Denmark, UK subsidiary

Second broker:

UK (US Parent) + Global Offices

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

FCA

Second broker:

FCA

Minimum Deposit

First broker:

$2000

Second broker:

£100

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

Dealing Desk, Mkt Mak, STP

Second broker:

Market Maker

Commissions on Trades

First broker:

YES

Second broker:

NO

CFD Loss Rate

First broker:

72% loss rate on CFDs

Second broker:

72% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:30

Currency Pairs Offered

First broker:

182

Second broker:

84

General Average Rating - 3 scale

First broker:

1,95

Second broker:

2,28

Background

Value

Score

Value

Score

Year Founded

First broker:

UK since 2006

2,5

Second broker:

1983

3,0

Headquarters location + Offices

First broker:

Denmark, UK subsidiary

2,0

Second broker:

UK (US Parent) + Global Offices

3,0

Publicly traded?

First broker:

YES

3,0

Second broker:

Owned by GAIN Capital (Yes)

3,0

Size Measure

First broker:

Annual Revs > $100 million

3,0

Second broker:

800+ employees worlwide

2,5

Summary Score

First broker:

2,63

Second broker:

2,88

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

FCA

3,0

Second broker:

FCA

3,0

Multiple compliance

First broker:

ESMA

2,0

Second broker:

ASIC, Singapore, Dubai,

3,0

Safety of Deposits

First broker:

Very Secure

3,0

Second broker:

UK protect, no additional ins

2,5

Summary Score

First broker:

2,75

Second broker:

2,88

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Comm + spread on trades

1,0

Second broker:

Average

2,0

General

First broker:

Confusing fee schedules

1,0

Second broker:

High transparency, options fees?

2,0

Spreads

First broker:

Competitive

1,0

Second broker:

Fixed and variable confusing

2,0

Summary Score

First broker:

1,50

Second broker:

2,00

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Expansive - 35,000 items

3,0

Second broker:

4 000

2,5

Forex - Breadth

First broker:

Major, minor, and exotic

3,0

Second broker:

Average

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

No Spread Betting, No Crypto

1,5

Second broker:

Comm, Cryp, CFD, Spread Betting

3,0

Summary Score

First broker:

2,50

Second broker:

2,67

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

Limited access thru API

1,5

Second broker:

MT4

3,0

Proprietary options

First broker:

Advanced proprietary platform

2,0

Second broker:

Web and AT Pro platforms

2,5

Special Advanced?

First broker:

Mobile apps low security

1,5

Second broker:

Reuters feed, advanced tools

2,0

Summary Score

First broker:

1,67

Second broker:

2,50

Special Features

Value

Score

Value

Score

Feature A

First broker:

Fee discounts at high levels

1,5

Second broker:

Still operates dealing desk

1,0

Feature B

First broker:

High acct open fee, inactivity fees

1,5

Second broker:

No volume discounts

1,5

Feature C

First broker:

High-end institutional support

2,5

Second broker:

No social trading

1,0

Summary Score

First broker:

1,83

Second broker:

1,17

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Top line analyst commentary

2,5

Second broker:

Above average research portal

2,5

Technical Anlaysis

First broker:

Archive search needs work

2,5

Second broker:

In-house analyst updates

2,5

Other Guidance

First broker:

No social trading for small accts

1,0

Second broker:

Trading ideas, stratagies

2,0

Summary Score

First broker:

1,67

Second broker:

2,33

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Not focused on small client

1,5

Second broker:

Basic to Broad coverage

2,0

Webinars/Support

First broker:

Basic webinars

1,5

Second broker:

Webinars, videos, articles

2,0

General

First broker:

72% loss rate on CFDs

1,5

Second broker:

72% loss rate on CFDs

1,5

Summary Score

First broker:

1,50

Second broker:

1,83

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

No live chat small accts

1,5

Second broker:

YES

3,0

Responsiveness

First broker:

Better than Average

2,5

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Support delays

1,5

Second broker:

More than adequate

2,5

Summary Score

First broker:

1,83

Second broker:

2,67

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Advanced charting tools

2,0

Second broker:

Competitive pricing

2,0

Pro #2

First broker:

News and research integrated

2,5

Second broker:

Large product offering

2,5

Pro #3

First broker:

Customizable Desktop

2,5

Second broker:

Excellent training/support

2,5

Con #1

First broker:

Lack of Security features

1,0

Second broker:

Focus on begin and mid-level

2,0

Con #2

First broker:

Focus on large clients

1,0

Second broker:

Advanced API integration weak

1,0

Con #3

First broker:

No Stop Loss guarantee

1,0

Second broker:

No social trading

1,0

Summary Score

First broker:

1,67

Second broker:

1,83

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

1,95

Second broker:

2,28