ETX Capital vs Saxo: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeETX CapitalSaxo
Licence Score—Not rated84Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record18
1 FCA United Kingdom LicensedLicensed
1 ASIC Australia —Licensed
1 JFSA Japan —Licensed
1 MAS Singapore —Licensed
1 FINMA Switzerland —Licensed
1 SFC Hong Kong —Licensed
2 AFM Netherlands —Licensed
2 Finanstilsynet (DK) Denmark —Licensed
Founded19651992
HeadquartersUnited KingdomDenmark
TypeSpread betting & CFD providerTrading bank
Publicly listedNoNo
Platforms—Proprietary
Minimum deposit—No minimum
VisitVisit site

Frequently asked questions

Is ETX Capital or Saxo better regulated?

Saxo has the higher Licence Score (84 vs 0), based on the number and tier of licences, operating history and public listing.

Which regulators license both ETX Capital and Saxo?

Both are matched to licences from FCA.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.