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GBM vs Saxo: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only GBM lists Mexican Stock Exchange (BMV).
Only Saxo lists Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext, SIX Swiss Exchange, Johannesburg Stock Exchange (JSE), and Hong Kong Exchanges (HKEX).
Only GBM is licensed by CNBV.
Only Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.
Only GBM supports SPEI for deposits and withdrawals.
Only Saxo supports Bank transfer for deposits and withdrawals.

Criterion	GBM	Saxo
Rating	4.6/5 on other platforms 17.4K ratings	4.2/5 on other platforms 9.9K ratings
Regulators	CNBV	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB
Minimum deposit	MX$100	No minimum
Markets	Mexican Stock Exchange (BMV), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3
Products	stocks, ETFs, fractional shares, bonds, funds	stocks, ETFs, bonds, options, funds
US stock or ETF order	0.25% of the order	0.08% of the order, minimum $1
Deposits and withdrawals	SPEI	Bank transfer, Visa / Mastercard
Founded	1985	1992
Headquarters	Mexico	Denmark
Currency conversion fee	—	0.25%
Investor protection	—	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)
Available only in	—	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36
	Read review	Read review

What is the minimum deposit at GBM and Saxo?

GBM: MX$100. Saxo: €0.

Which regulators license GBM and Saxo?

GBM is licensed by CNBV; Saxo by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.