Saxo Bank vs CMC Markets 2026
Both are regulated. The right choice depends on your trading style.
Saxo Bank suits traders who value tighter spreads, more instruments (65,000 vs 12,000). CMC Markets suits traders who prioritise lower minimum deposit (None vs $2000).
Head to head
| Saxo Bank | CMC Markets | |
|---|---|---|
| Primary regulator | DFSA DF000029 | FCA 173730 |
| Regulation tier | tier-1 | tier-1 |
| Min deposit | $2000 | None |
| EUR/USD spread | 0.4 pips | 0.5 pips |
| Instruments | 65,000+ | 12,000+ |
| MetaTrader | Yes (MT4+MT5) | Yes (MT4+MT5) |
| Copy trading | No | No |
| Real stocks | Yes | Yes |
| Inactivity fee | $100/mo after 6mo | $10/mo after 12mo |
| Founded | 1992 | 1989 |
| Headquarters | Copenhagen, Denmark | London, UK |
Regulation: Saxo Bank vs CMC Markets
Saxo Bank is regulated by DFSA under licence DF000029 (Saxo Bank A/S (DIFC)). The DFSA is a tier-1 regulator. Client funds are held in segregated accounts and negative balance protection applies.
CMC Markets is regulated by FCA under licence 173730 (CMC Markets UK plc). The FCA is a tier-1 regulator. Client funds are held in segregated accounts and negative balance protection applies.
Both brokers are regulated by tier-1 authorities. Neither has a significant regulatory advantage over the other.
Spreads and fees
Saxo Bank's EUR/USD spread is 0.4 pips. CMC Markets's EUR/USD spread is 0.5 pips. Saxo Bank offers tighter spreads on this pair.
Saxo Bank charges an inactivity fee of $100/month after 6 months without trading. CMC Markets charges an inactivity fee of $10/month after 12 months.
Platforms and tools
Both Saxo Bank and CMC Markets support MetaTrader 4 and 5, so algorithmic traders and EA users can use either.
Neither broker offers copy trading.
Minimum deposit
Saxo Bank requires a minimum deposit of $2000. CMC Markets requires None. CMC Markets has the lower barrier to entry.
Note that minimum deposits can vary by account type and by which regulatory entity serves your country. Some offshore entities allow lower deposits than the tier-1 entity.
Which is better for beginners?
CMC Markets also has the lower minimum deposit of None. Both platforms are accessible to new traders, though neither is specifically designed as a beginner-only broker.
Which is better for experienced traders?
Both Saxo Bank and CMC Markets support MetaTrader, so experienced traders can use either without restriction. Saxo Bank's tighter spreads (0.4 pips) make it better for high-frequency and scalping strategies. Saxo Bank offers more instruments (65,000) for portfolio diversification.
Verdict: Saxo Bank vs CMC Markets
Choose Saxo Bank if you want tighter spreads, more instruments (65,000 vs 12,000). The DFSA licence (DF000029) gives it strong tier-1 regulatory backing.
Choose CMC Markets if you want lower minimum deposit (None vs $2000). The FCA licence (173730) means strong tier-1 regulatory protection.
Both brokers are legitimate and regulated. The choice comes down to your specific trading requirements.
Frequently asked questions
Saxo Bank vs CMC Markets: which is better?
Saxo Bank is better for tighter spreads, more instruments (65,000 vs 12,000). CMC Markets is better for lower minimum deposit (None vs $2000). If regulation quality is your priority, both have comparable regulation.
Is Saxo Bank or CMC Markets safer?
Both Saxo Bank (DFSA DF000029) and CMC Markets (FCA 173730) are regulated by tier-1 authorities. Both segregate client funds.
What is the minimum deposit for Saxo Bank and CMC Markets?
Saxo Bank minimum deposit: $2000. CMC Markets minimum deposit: None. Minimums vary by entity and account type.
Do Saxo Bank and CMC Markets have MetaTrader?
Yes, both support MetaTrader 4 and MT5.