CIM Banque
Saxo Markets
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Overview
CIM Banque was founded in 1995 and is headquartered in Geneva, while Saxo Markets was established in 2012 and is based in Denmark. CIM Banque holds licences including Financial Industry Regulatory Authority (FINRA), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. CIM Banque serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $100 at CIM Banque and $6500 at Saxo Markets.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) | Financial Conduct Authority (FCA) |
| Founded | 1995 | 2012 |
| Country | Geneva | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CIM Banque and Saxo Markets, directly affecting your bottom line as a trader. CIM Banque has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while CIM Banque does not, giving CIM Banque an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, CIM Banque scores higher on fees in our assessment.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
CIM Banque offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android ,iPhone,Mac,iPade | Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CIM Banque and Saxo Markets compare. CIM Banque runs regular live webinars; Saxo Markets does not. Both provide video tutorials. CIM Banque publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. CIM Banque maintains an archive of past webinars for on-demand viewing. CIM Banque scores higher overall in education and research.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CIM Banque accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both CIM Banque and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | CIM Banque | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |