Saxo vs XM: 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.
| Attribute | Saxo | XM |
|---|---|---|
| Licence Score | 84Very strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 8 | 7 |
| 1 FCA United Kingdom | Licensed | — |
| 1 ASIC Australia | Licensed | Licensed |
| 1 JFSA Japan | Licensed | — |
| 1 MAS Singapore | Licensed | — |
| 1 FINMA Switzerland | Licensed | — |
| 1 SFC Hong Kong | Licensed | — |
| 2 CySEC Cyprus | — | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | — | Licensed |
| 2 AFM Netherlands | Licensed | — |
| 2 Finanstilsynet (DK) Denmark | Licensed | — |
| 3 CMA (Kenya) Kenya | — | Licensed |
| 4 FSA (Seychelles) Seychelles | — | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 1992 | 2009 |
| Headquarters | Denmark | Cyprus |
| Type | Trading bank | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | Proprietary | MT4, MT5 |
| Minimum deposit | No minimum | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is Saxo or XM better regulated?
Saxo has the higher Licence Score (84 vs 70), based on the number and tier of licences, operating history and public listing.
Which regulators license both Saxo and XM?
Both are matched to licences from ASIC.