Updated Oct 20 2022
Visit 69% of retail CFD accounts lose money. |
Visit 77.88% of retail CFD accounts lose money. |
Overview | |
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. |
Alvexo is a Cypriot broker founded and regulated in 2014 that specialises in CFDs trading via MT4 and their proprietary trading platform. As of August 3rd 2022, Alvexo's CySec license is partially suspended making them unavailable in French territory. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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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 | |
4 days | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1992 | 2014 |
💳 Minimum Deposit Range | |
From $500 up to $2,000 | 500 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
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. | 3 - EUR, USD, GBP |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, BR, ES, IN, KE, MX, NG, PK, ZA. |
US, CA, SY, IR. |
📊 STP Account | |
Yes | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
Hybrid | CFDs |
Total Asset Offering | |
49,339 | 443 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
30,000 | 0 |
📙 Stock CFDs | |
0 | 337 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
182 | 54 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
19 | 13 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
29 | 15 |
📔 ETFs | |
5,400 | 0 |
📔 ETFs CFDs | |
5,400 | 0 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
9 | 22 |
📒 Bonds | |
5,000 | 0 |
📒 Bonds CFDs | |
0 | 2 |
📓 Options | |
3,000 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
300 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
Unavailable | 1 Share |
📉 Minimum ETFs Trade Size | |
Unavailable | Unavailable |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (eg: 0.01 units of BTC) | $1,000 (0.01 Lots) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Unavailable | $1,000 (0.01 Lots) |
📉 Minimum Bonds Trade Size | |
Unavailable | 1 Bond |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
30 | 30 |
💪 Professional Leverage | |
66 | 300 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
No | Yes |
📺 MetaTrader 5 | |
No | No |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | No |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK. |
$10 monthly after 3 months of inactivity. |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
None | None |
💰 Commissions | |
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract. |
None | Spreads |
📈 EUR/USD | |
Dynamic - From 0.4 to 0.8 Pips | From 2.9 Pips to 14 Pips |
📉 SP500 | |
Unavailable | From 175 Pips to 100 Pips |
📈 GOLD | |
Unavailable | From 90 to 50 Pips |
📉 TSLA (Stock CFD) | |
Unavailable | From $1.91 to $1.41 |
📈 XLK (ETF - CFD) | |
Unavailable | Unavailable |
📉 BTC | |
Unavailable | From $192.21 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | Yes |
📡 Live Chat Support | |
Yes | Yes |
📡 Video Tutorials | |
No | Yes |
📡 Account Management | |
Yes | Yes |
📡 Webinars | |
No | Yes |