Plus500 Vs. Saxo Bank - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 77% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options.	Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.
Best For
Intermediate traders looking to trade short term Experienced traders looking to speculate using CFDs based on options	Professional investors looking to trade a variety of markets High net worth traders or investors
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 3 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FCA (UK) ASIC (Australia) MAS (Singapore)	ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)
The Good
CFDs on american options offered Low minimum trade sizes Propietary platform with multi-charting tools	Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView
The Bad
No ability to remove leverage All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)	High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	4 days
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2008	1992
💳 Minimum Deposit Range
$100	From $500 up to $2,000
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal Skrill	Visa Mastercard Bank Transfer
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.	26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, CU, SY, IR.	US, BR, ES, IN, KE, MX, NG, PK, ZA.
📊 STP Account
Yes	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
2,245	49,339
Exchange Access
0	0
📙 Real Stocks
0	30,000
📙 Stock CFDs
2,000	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
70	182
📗 Commodities
0	0
📗 Commodities CFDs
25	19
📕 Indices
0	0
📕 Indices CFDs
26	29
📔 ETFs
0	5,400
📔 ETFs CFDs
95	5,400
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
14	9
📒 Bonds
0	5,000
📒 Bonds CFDs
0	0
📓 Options
0	3,000
📓 Options CFDs
15	0
📗 Futures
0	300
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed	Unavailable
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed	Unavailable
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC)	Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls)	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
300	66
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
$10 every 3 months of inactivity.	Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 0.4 to 0.8 Pips
📉 SP500
Dynamic - From 70 Pips	Unavailable
📈 GOLD
Dynamic - From 30 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $5.2	Unavailable
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips	Unavailable
📉 BTC
Dynamic - From $136	Unavailable
Research and Analysis
⭐ Watchlists
No	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No