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Saxo Bank vs Trading 212: Comparison and Analysis

Trying to figure out whether to use Saxo Bank or Trading 212? 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 Saxo Bank and Trading 212 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
72% of retail investor accounts lose money
Saxo Bank review
Open Account
83% of retail investor accounts lose money
Trading 212 review

Overall Ratings


Rated
81
Rated
79

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

  • Saxo Bank
  • Trading 212

Security 95
Security 94

Cost 67
Cost 79

Trading 75
Trading 71

Education 76
Education 58

Company Info


Foundation
1992
2004
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, ar, chi(t/s), dan, fr, hu, ne, nor, pol, ru, slo, it, swi, sg
en, ar, de, es, fr, ne, pol, rom, ru, it, chi

Leverage


Non-EU Leverage ?
400:1
300:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
400:1
0

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
96563
SimilarWeb - Total Visits
812640
Facebook Likes
179040
97155
Twitter Likes
30500
3173
Instagram Likes
2911
2362

Deposit and Withdrawal


Minimum Deposit ?
2000 USD
1 USD
Minimum Withdraw ?
1
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Maestro, Carte Bleue, Dankort
Giropay, iDeal, Dotpay, Gpay, Apple Pay, Maestro, Carte Bleue
Deposit Waiting Time ?
1-2 business days
10 minutes
Withdraw Waiting Time ?
1-2 business days
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, USD
EUR, GBP, 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 ?
0.05
Natural Gas ?
0.03
Silver ?
13.0
0.035
Platinum ?
0.9
Copper ?
0.0029
Soybeans ?
Corn ?
Gold ?
12.0
0.25

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
0.8
USD/JPY Average Spread
0.6
0.8
USD/CHF Average Spread
0.7
1.2
GBP/USD Average Spread
0.7
0.8
USD/CAD Average Spread
2.3
1.8
AUD/USD Average Spread
1.0
0.8
NZD/USD Average Spread
1.7
1.3
EUR/GBP Average Spread
1.8
1.2

Fees on Stocks


Apple
3.0
0.00
Facebook
3.0
0.00
Alphabet
3.0
0.00
Snapchat
3.0
0.00
BP
5.00
0.00
Tesco
5.00
0.00
Barclays
5.00
0.00
Lloyds
5.00
0.00

Fees on Indices


FTSE100
1.00
S&P500
0.50
Dow Jones
Nasdaq
1.0
CAC40
3.0
DAX30
4.0
Nikkei 225
15.0
Euro Stoxx 50
2.5

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, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi
en, ar, de, es, fr, ne, pol, rom, ru, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
180
200
Crypto ?
180
Commodities ?
70
23
Stocks ?
19000
3000
Indices ?
1595
ETF ?
3000
400
Futures ?
10
80
Options ?
Bonds ?
5000
64
Metal ?
4
6
Agricultural ?
10
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
ETF, 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 ?
0.001 lots
0.001 lots
Maximum Trade Size ?
100 lots
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 ?
47
41
Number Chart Drawing Tools ?
17
20
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, ar, cz, de, es, fi, fr, hu, ne, nor, pol, ru, slo, it, chi
en, ar, de, es, fr, ne, pol, rom, ru, 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

Saxo Bank vs Trading 212: A Comparison Summary

When it comes to choosing a broker, it’s essential to consider various factors such as security, account opening, markets, fees, platforms, education, and customer care. In this comparison, we’ll examine two popular brokers, Saxo Bank and Trading 212, based on these factors.

Security

Both Saxo Bank and Trading 212 are regulated by reputable financial authorities such as FCA, ASIC, MAS, FINMA, JFSA, HKSFC, FSC, and CySEC. Saxo Bank has a slightly higher security rating of 95 compared to Trading 212’s 94.

Demo Accounts

Saxo Bank offers a 20-day demo account with virtual funds of $100,000, while Trading 212 provides an unlimited demo account with virtual funds of $50,000. However, Trading 212’s demo account funds can be restored by contacting customer support, while Saxo Bank’s funds cannot be restored.

Account Opening

Saxo Bank has a higher minimum deposit of $500, while Trading 212 has a lower minimum deposit of $1 for the Invest account and $10 for the CFD account. Saxo Bank offers over 20 account currencies, including EUR, USD, GBP, AUD, while Trading 212 offers only GBP and EUR. Payment methods for both brokers include bank transfers, credit/debit cards, and e-wallets. Saxo Bank offers more account types, including Classic, Platinum, VIP, and Corporate accounts, while Trading 212 offers CFD, Invest, ISA, and Professional accounts.

Social-Copy Trading

Trading 212 offers the Autoinvest feature, which allows traders to copy each other’s stock investing strategies. Saxo Bank does not offer social-copy trading.

Markets

Saxo Bank offers a wider range of assets, including Forex (180), Commodities (70), Indices (37), Bonds (5000+), Stocks (19000+), ETFs (3000+), and Futures (10). However, Saxo Bank only offers CFD assets, which are more suitable for short-term investing rather than long-term. On the other hand, Trading 212 offers fewer assets, including Forex (200), Commodities (23), Indices (1500+), Stocks (3000+), ETFs (400+), and Futures and Options (80+). Trading 212 offers both CFDs and real assets for stocks and ETFs, making it a good option for long-term investing.

Trading fees

Both Saxo Bank and Trading 212 offer variable spread types, with Saxo Bank’s spreads starting from 0.3 pips on Forex and Trading 212’s spreads starting from 1 pip. Saxo Bank charges commissions on some assets, while Trading 212 has no commissions for Invest account holders.

Platforms

Saxo Bank offers two proprietary platforms, SaxoTraderGO and SaxoTraderPRO, which are suitable for multi-screen trading and can be connected with APIs and algo trading. On the other hand, Trading 212 offers a proprietary platform that is available via web and mobile devices.

Education/Customer

Saxo Bank provides clients access to webinars, articles, videos, trading guides, and a trading academy. Saxo Bank also offers easy-to-contact customer care via email, phone, and live chat, as well as dedicated account managers for high-net-worth clients. Trading 212 offers basic educational material useful mainly for less experienced traders and easy-to-contact customer care via email and live chat, with an automated translator that can be used to contact Trading 212 in any language.

Conclusion

Both Saxo Bank and Trading 212 have their strengths and weaknesses. Saxo Bank offers a wider range of assets and account types, but Trading 212 has a lower minimum deposit, unlimited demo account, and offers both CFDs and real assets for stocks and ETFs, making it more suitable for long-term investing. Saxo Bank’s proprietary platforms are more advanced, while Trading 212’s platform is more accessible via web and mobile devices. Both brokers have reputable regulatory bodies and easy-to-contact customer care, with Saxo Bank offering more extensive educational resources.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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