Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of DEGIRO's Germany entity and Saxo's UK entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of DEGIRO's Germany entity and Saxo's UK entity.
DEGIRO
Not regulated in your country DEGIRO does not accept residents in the UK because it is not regulated by FCA.
73-89% of retail investor accounts lose money when trading CFDs.
Saxo
Regulated in your country Saxo is allowed by FCA to onboard clients residing in the UK.
65% of retail investor accounts lose money when trading CFDs with this provider.
Best for
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 day traders, high-volume traders and scalpers. Both are a good fit for long-term investors, swing traders and news traders.
| Overall score | DEGIRO not offered 79 -10 | 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
What we compare A comparison between the financial authorities that supervise DEGIRO and the ones that supervise Saxo.Only Saxo is regulated in the UK, by the FCA. DEGIRO holds no licence in the UK and is regulated by AFM and BaFin.
| Section score | DEGIRO not offered 100 | Saxo 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | AFM (Netherlands), 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
What we compare A comparison of the tools and services that DEGIRO and Saxo have in place to protect your money in United Kingdom.DEGIRO and Saxo both offer segregated client funds and an investor compensation scheme. Both DEGIRO and Saxo are licensed banks. DEGIRO holds no licence in the UK and is not covered by the FSCS.
| 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 | flatexDEGIRO Bank AG | 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
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/FX costs, as DEGIRO is a stockbroker and does not offer CFD/FX, unlike Saxo.
DEGIRO and Saxo are equally good for real stock costs, as DEGIRO charges lower futures fees, at 0.75 USD per contract (against Saxo's 3 USD), and charges lower options fees, at 0.75 USD per contract (against Saxo's 2 USD). On the other hand, Saxo charges lower US stock fees, at 0.02 USD (against DEGIRO's 9.28 USD), and charges lower ETF fees, at 0.02 USD (against DEGIRO's 9.28 USD). Neither DEGIRO nor Saxo charges inactivity fees or account maintenance fees.
| Section score | DEGIRO not offered 73 | Saxo 81 71 -2 |
|---|---|---|
| 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 | ||
| 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 | Commission, Percentage |
| US stocks fees (real) i | USD 9.28 | USD 0.02 |
| ETF fees (real) i | USD 9.28 | USD 0.02 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.75 | 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
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/FX markets, since DEGIRO is a stockbroker and does not offer CFD/FX.
DEGIRO and Saxo are equally good for real stock markets, since DEGIRO offers futures on stocks and bonds, and offers options on stocks. On the other hand, Saxo gives access to 71,000 tradable symbols (against DEGIRO's 2,800), and offers futures on forex. Both DEGIRO and Saxo let you own bonds, ETFs, funds and stocks outright, and offer futures on indices and commodities.
| Section score | DEGIRO not offered 100 | Saxo 100 100 |
|---|---|---|
| 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, Forex, Indices, Stocks | |
| Futures i | Indices, Commodities, Stocks, Bonds | Commodities, Forex, Indices |
| Options i | Indices, Commodities, Stocks | Commodities, Forex, Indices |
| Assets you can own i | Bonds, ETF, Funds, Stocks | Bonds, ETF, Funds, Stocks |
Platform
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, since Saxo offers social trading, AutoChartist and one-click trading, which DEGIRO does not. Both DEGIRO and Saxo offer a proprietary platform and real-time pricing.
| 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
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, because Saxo offers mobile trading signals, mobile charting tools and mobile drawing tools, which DEGIRO does not. Both DEGIRO and Saxo offer a proprietary mobile app and mobile price alerts.
| 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
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/FX trading features, since DEGIRO is a stockbroker and does not offer CFD/FX.
Saxo is better than DEGIRO for real stock trading features, because Saxo has no minimum trade size on stocks (against DEGIRO's 1 USD), offers tier-1 liquidity providers, which DEGIRO does not, and allows for automated trading. Both DEGIRO and Saxo offer trailing stops.
| 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 | 30:1 | |
| Minor/Exotic FX pairs leverage i | 20:1 | |
| Major indices leverage i | 20:1 | |
| Minor indices leverage i | 10:1 | |
| Gold leverage i | 20:1 | |
| Commodities leverage i | 10:1 | |
| Equities leverage i | 3:1 | 5:1 |
| Cryptocurrency leverage i | ||
| 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
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/FX account types, as DEGIRO is a stockbroker and does not offer CFD/FX.
Saxo is better than DEGIRO for real stock account types, given that Saxo offers a demo account, a corporate account and a managed account, which DEGIRO does not. DEGIRO and Saxo both offer a stock investing account and a margin investing account.
| 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
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 CFD/FX. DEGIRO holds no licence in the UK.
Saxo is better than DEGIRO for account opening, since Saxo offers debit cards, which DEGIRO does not. Neither DEGIRO nor Saxo requires a minimum deposit. DEGIRO holds no licence in the UK.
| 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
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 CFD/FX.
Saxo is better than DEGIRO for customer care, since Saxo offers customer support in 15 languages (against DEGIRO's 14), and offers a dedicated account manager and priority support, which DEGIRO does not. DEGIRO and Saxo both offer phone support and email support.
| 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
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 CFD/FX.
Saxo is better than DEGIRO for learning, since Saxo offers professional reports, daily market commentary and daily trading ideas, which DEGIRO does not. Both DEGIRO and Saxo offer education for advanced traders and webinars.
| 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 vs Saxo: which one should you choose?
DEGIRO
Stocks Choose DEGIRO if you want a stockbroker with several account base currencies and live in a country where it is licensed to operate.
Not licensed in the UK 73-89% of retail investor accounts lose money when trading CFDs.
Saxo
CFD/FX 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, a demo account and conditions for high-volume trading.
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include DEGIRO or Saxo, each scored with the same data and method as this page.
