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DEGIRO vs Saxo: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

DEGIRO and Saxo cannot be compared for CFD trading in the UK, because DEGIRO is a stockbroker and does not offer CFDs to trade. If you want to trade CFDs and you are choosing between DEGIRO and Saxo, Saxo is the better option of the two, because it covers CFDs on commodities, forex, indices and stocks and charges 7.00 USD per lot to trade EUR/USD, among the lowest of UK brokers.

Our verdict · Real stock investing

Saxo is better than DEGIRO for real stock investing in the UK, because it is regulated in the UK by the FCA, while DEGIRO is not, charges far lower US stock fees (0.02 USD against 4.00 USD) and lists more tradable symbols (71,000 against 2,800). Saxo adds options and futures trading to the bonds, ETFs, funds and stocks both brokers let you own, opens raw spread, managed and corporate accounts, provides a demo account, which DEGIRO does not, and allows expert advisors, high-frequency strategies, VPS hosting and API access, with conditions for high-volume trading. DEGIRO, on the other hand, holds more account base currencies (seven against two). Both brokers ask for no minimum deposit, work on a proprietary trading platform, allow scalping and hedging, and settle deposits and withdrawals in 2 days.

Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.

DEGIRO

StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Not regulated in your country DEGIRO has no licence from the regulator of the country this site is for, so local investor protections do not apply.
DEGIRO review ›
not offeredCFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 77StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

Your money is at risk

Best overall Best overall

Saxo

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Regulated in your country Saxo holds a licence from the regulator of the country this site is for, so local investor protections apply.
Saxo review ›
89CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 89StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

65% of retail investor accounts lose money when trading CFDs with this provider.

Best for

1 / 12
What we compare A comparison of the kinds of traders DEGIRO and Saxo are best suited to, based on what each one actually offers in United Kingdom.

Saxo is better than DEGIRO for high-volume traders, scalpers and algo traders. Both are a good fit for day traders and long-term investors.

Best for
Overall score DEGIRO not offered 77 -12 Saxo 89 89 Best
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12
What we compare A comparison between the financial authorities that supervise DEGIRO and the ones that supervise Saxo.
Regulation
Section score DEGIRO not offered 100 Saxo 100 100
Tier-1 regulators
ESMA (European Union) i BaFin (Germany)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12
What we compare A comparison of the tools and services that DEGIRO and Saxo have in place to protect your money in United Kingdom.
Safety
Section score DEGIRO not offered 99 Best Saxo 93 93 -6
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2008 1992
Parent company i flatexDEGIRO Bank AG Saxo Bank A/S
CEO i Oliver Behrens Kim Fournais
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Citibank
Brand power
Number of customers worldwide i 3,000,000 1,200,000
Annual revenue i USD 480,000,000 USD 727,595,340
Monthly website search traffic i 1.7M monthly visits

Costs

4 / 12
What we compare A comparison of what it costs to trade with DEGIRO and with Saxo in United Kingdom, both on each trade and on holding the account.

Saxo and DEGIRO cannot be set side by side for CFD costs, as DEGIRO is a stockbroker and does not offer CFDs, unlike Saxo.

DEGIRO is better than Saxo for real stock costs.

Costs
Section score DEGIRO not offered 85 Best Saxo 81 71 -14
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free
EUR/USD average standard spread i
0.7 pips
EUR/USD average raw spread i
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 7
S&P 500 fees (CFD) i 0.5 points
Gold fees (CFD) i 0.25 points
Bitcoin fees (CFD) i
US stocks fees (CFD) i USD 0.02
Fees on stocks
Stock fee type i Commission, Percentage
US stocks fees (real) i USD 4 USD 0.02
ETF fees (real) i USD 0.02
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i USD 1.75 USD 3
Platform fees i
Fees on options
Options fees per contract i USD 0.75 USD 2
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12
What we compare A comparison of the markets and products you can trade with DEGIRO and with Saxo in United Kingdom, and of how many instruments each one gives access to.

Only Saxo can be assessed for CFD markets, since DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for real stock markets.

Available markets
Section score DEGIRO not offered 60 -40 Saxo 100 100 Best
Total tradable symbols i 2,800 71,000
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks
Futures i Commodities, Forex, Indices
Options i Commodities, Forex, Indices
Assets you can own i Bonds, ETF, Funds, Stocks Bonds, ETF, Funds, Stocks

Platform

6 / 12
What we compare A comparison of the trading platforms that DEGIRO and Saxo make available to their clients in United Kingdom.

Saxo and DEGIRO cannot be compared for platforms, because Saxo is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.

Saxo is better than DEGIRO for platforms.

Platform
Section score DEGIRO not offered 71 -15 Saxo 86 86 Best
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12
What we compare A comparison of the mobile apps of DEGIRO and Saxo in United Kingdom, and of what each one lets you do from your phone.

Saxo and DEGIRO cannot be compared for mobile trading, because Saxo is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.

Saxo is better than DEGIRO for mobile trading.

Mobile
Section score DEGIRO not offered 67 -20 Saxo 87 87 Best
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12
What we compare A comparison of the trading tools and strategies that DEGIRO and Saxo allow on their platforms in United Kingdom.

Only Saxo can be assessed for CFD trading features, since DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for real stock trading features.

Trading features
Section score DEGIRO not offered 68 -9 Saxo 85 77 Best
Trade execution
Broker type i NDD NDD
Average execution time i 12 ms
Slippage occurrence i 20.7%
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 0:1 30:1
Minor/Exotic FX pairs leverage i 0:1 20:1
Major indices leverage i 0:1 20:1
Minor indices leverage i 0:1 10:1
Gold leverage i 0:1 20:1
Commodities leverage i 0:1 10:1
Equities leverage i 0:1 5:1
Cryptocurrency leverage i 0:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots
Minimum trade size (stocks) i USD 1 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12
What we compare A comparison of the kinds of account you can open at DEGIRO and at Saxo in United Kingdom, and of who each one is meant for.

There is no like-for-like comparison for CFD account types, as DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for real stock account types.

Account types
Section score DEGIRO not offered 39 -44 Saxo 46 83 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12
What we compare A comparison of what it takes to open and fund an account with DEGIRO and with Saxo in United Kingdom.

Only Saxo can be assessed for account opening, since DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for account opening.

Account opening
Section score DEGIRO not offered 60 -5 Saxo 65 65 Best
Minimum deposit i USD 0 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i CHF, CZK, EUR, GBP, HUF, NOK, SEK EUR, USD
Deposit waiting time i up to 2 business days up to 2 business days
Withdrawal waiting time i up to 2 business days up to 2 business days
Bonus program i

Customer care

11 / 12
What we compare A comparison of the customer support of DEGIRO and Saxo in United Kingdom, in how it can be reached and how fast it answers.

There is no like-for-like comparison for customer care, as DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for customer care.

Customer care
Section score DEGIRO not offered 71 -16 Saxo 87 87 Best
Number of languages supported i 14 15
Website languages i Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese
Website available in English i
Customer support languages i Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish Arabic, Czech, German, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Spanish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12
What we compare A comparison of the educational material that DEGIRO and Saxo provide to their clients in United Kingdom.

Only Saxo can be assessed for learning, since DEGIRO is a stockbroker and does not offer CFDs.

Saxo is better than DEGIRO for learning.

Learning
Section score DEGIRO not offered 63 -37 Saxo 100 100 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
DEGIRO
Open Account Your money is at risk
Saxo
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

DEGIRO vs Saxo: which one should you choose?

DEGIRO

Stocks Choose DEGIRO if you want a stock brokerage service with several account base currencies.

Open Account Your money is at risk
Saxo

CFD Choose Saxo if you want a CFD and forex broker with conditions for high-volume trading.

Stocks Choose Saxo, regulated in the UK by the FCA, if you want a broker for securities investing with a wide choice of markets, low US stock fees and conditions for high-volume trading.

Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.

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