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DEGIRO vs Saxo Bank: Comparison and Analysis

Trying to figure out whether to use DEGIRO or Saxo Bank? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of DEGIRO and Saxo Bank side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
Investing involves risk of loss
DEGIRO review
Open Account
72% of retail investor accounts lose money
Saxo Bank review

Overall Ratings


Rated
70
Rated
81

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • DEGIRO
  • Saxo Bank

Security 93
Security 95

Cost 57
Cost 69

Trading 52
Trading 75

Education 82
Education 76

Company Info


Foundation
2008
1992
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, cz, dan, de, es, fi, fr, gre, hu, ne, nor, po, pol, it
en, ar, chi(t/s), dan, fr, hu, ne, nor, pol, ru, slo, it, swi, sg

Leverage


Non-EU Leverage ?
400:1
European Leverage ?
30:1
Australian Leverage ?
30:1
US Leverage ?
0
Canadian Leverage ?
400:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
1601127
SimilarWeb - Total Visits
Facebook Likes
179040
Twitter Likes
30500
Instagram Likes
2911

Deposit and Withdrawal


Minimum Deposit ?
0.01 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Maestro, Carte Bleue, Dankort
Deposit Waiting Time ?
2 business days
1-2 business days
Withdraw Waiting Time ?
2 business days
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, GBP, CHF, CZK, HUF, NOK, SEK
EUR, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
Natural Gas ?
Silver ?
13.0
Platinum ?
Copper ?
Soybeans ?
Corn ?
Gold ?
12.0

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.6
USD/JPY Average Spread
0.6
USD/CHF Average Spread
0.7
GBP/USD Average Spread
0.7
USD/CAD Average Spread
2.3
AUD/USD Average Spread
1.0
NZD/USD Average Spread
1.7
EUR/GBP Average Spread
1.8

Fees on Stocks


Apple
0.50
3.0
Facebook
0.50
3.0
Alphabet
0.50
3.0
Snapchat
0.50
3.0
BP
4.00
5.00
Tesco
4.00
5.00
Barclays
4.00
5.00
Lloyds
4.00
5.00

Fees on Indices


FTSE100
S&P500
Dow Jones
Nasdaq
CAC40
DAX30
Nikkei 225
Euro Stoxx 50

Fees on Cryptocurrencies


Bitcoin
0
0
Ethereum
0
0
Ripple
0
0
Litecoin
0
0
Bitcoin Cash
0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, cz, dan, de, es, fi, fr, gre, hu, ne, nor, po, pol, it
en, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
180
Crypto ?
180
Commodities ?
70
Stocks ?
30000
19000
Indices ?
ETF ?
4500
3000
Futures ?
500
10
Options ?
Bonds ?
400
5000
Metal ?
4
Agricultural ?
Energies ?
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
ETF, Interest Rates, IPO, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
1 contract
0.001 lots
Maximum Trade Size ?
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
15
47
Number Chart Drawing Tools ?
9
17
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, cz, dan, de, es, fi, fr, gre, hu, ne, nor, po, pol, it
en, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

DEGIRO vs Saxo Bank: A Comparison Summary

When it comes to online trading platforms, DEGIRO and Saxo Bank are two well-known names in the industry. While both platforms offer a range of investment opportunities, they differ in terms of features, fees, and security. Let’s take a closer look at how they compare.

Regulation:

Saxo Bank holds multiple regulations, including FCA, ASIC, MAS, FINMA, JFSA, and HKSFC. In contrast, DEGIRO holds only the BaFin regulation and is only available within the European Union.

Demo Accounts:

Saxo Bank offers a demo account for 20 days with virtual funds of $100,000, while DEGIRO does not offer a demo account.

Account Opening:

DEGIRO has a minimum deposit of €0,01, while Saxo Bank does not require any minimum deposit. Saxo Bank offers over 20 account currencies, while DEGIRO only offers EUR. Payment methods vary between both platforms, with Saxo Bank offering more options.

Social-Copy Trading:

Neither DEGIRO nor Saxo Bank offers copy-social trading.

Markets:

Saxo Bank offers a wider range of markets including Forex, commodities, indices, bonds, stocks, ETFs, and futures. In contrast, DEGIRO is primarily a stock broker, offering stocks and ETFs, with a limited number of futures and options.

Trading Fees:

DEGIRO has very low commissions of $1 per order, while Saxo Bank has variable spreads from 0.3 pips on forex.

Platforms:

Saxo Bank offers two proprietary trading platforms – SaxoTraderGO and SaxoTraderPRO – that cater to different types of traders. DEGIRO offers a proprietary platform, which can be accessed via web and mobile devices but can take time to navigate.

Education/Customer Care:

Both platforms offer quality education material, including webinars, videos, and trading guides. Saxo Bank provides access to a trading academy and dedicated account managers for high-net-worth clients. Customer care is easy to contact via email and phone for both platforms, but Saxo Bank also offers live chat support.

Conclusion

DEGIRO and Saxo Bank offer different benefits depending on the investor’s needs. Saxo Bank may be more suitable for short-term investing, while DEGIRO may be better for long-term investing. Saxo Bank has a wider range of markets, stronger security, and a demo account, but its fees may be higher. DEGIRO offers very low commissions, but has limited market options and lacks a demo account. Ultimately, it’s important to weigh the pros and cons of each platform to determine which one is the best fit for your investment strategy.