General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
- Saxo Bank
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
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.
Saxo Bank has a stronger security rating with 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.
Saxo Bank offers a demo account for 20 days with virtual funds of $100,000, while DEGIRO does not offer a demo account.
DEGIRO has a lower minimum deposit of €0,01, while Saxo Bank requires a minimum deposit of $500, depending on the country and account type. Saxo Bank offers over 20 account currencies, while DEGIRO only offers EUR. Payment methods vary between both platforms, with Saxo Bank offering more options.
Neither DEGIRO nor Saxo Bank offers copy-social trading.
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.
DEGIRO has very low commissions of $1 per order, while Saxo Bank has variable spreads from 0.3 pips on forex.
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.
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.
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.