Saxo Bank
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69% of retail CFD accounts lose money.

Vs.

Blueberry Markets
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74-89% of retail CFD accounts lose money.

Saxo Bank Vs. Blueberry Markets - Compare and Choose the Right One

Updated Jul 12 2022

Visit

69% of retail CFD accounts lose money.

Visit

74-89% 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.

Blueberry Markets is a young Australian broker founded in 2015 offering CFDs on all the basic asset classes with competitive low spreads.

Best For
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
  • Cryptocurrency investors wishing to deposit with USDT to trade CFDs on traditional financial markets
  • Experienced traders interested in trading particular instruments using a big leverage factor
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
  • ASIC (Australia)
  • SCB (Bahamas)
The Good
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
  • Allows deposits using cryptocurrency USDT (Tether)
  • Leverage of up to 1:500 (for experienced traders)
  • Extremely competitive spreads
The Bad
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Their available asset offering is very low with less than 350 tradable assets
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
  • 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
1992 2015
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Paypal
  • Skrill
  • USDT (Tether)
  • DragonPay
💵 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 7 - USD, CAD, AUD, EUR, SGD, NZD, GBP
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA AF, AS, AZ, BS, BI, CF, CN, CD, CG, CY, ET, ER, GU, IR, IQ, JP, KP, XK, LB, LY, MM, MP, PS, PR, SL, SO, SS, SD, SY, TT, SH, TN, UM, US, VI, VE, VN (can be accepted when referred by a partner), EH, YE, ZW
📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, ETFs, bonds and options.
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.

CFDs on stocks, commodities, currencies, cryptocurrencies and indices.

📙 Stocks
30,000+ 250
📘 Currency Pairs
182 45
📗 Commodities
19 (CFDs) 5
📕 Indices
29 (CFDs) 11
📔 ETFs
5,400+ N/A
💸 Cryptocurrencies
9 5
📒 Bonds
5,000+ N/A
📓 Options
3,000+ N/A
📗 Futures
300+ N/A
📝 Notes:
N/A

All of Blueberry Markets assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A 1 share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC) 0.01
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000
📈 Minimum Commodities Trade Size
N/A $1,000
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:500
💪 Professional Leverage
Up to 1:66 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes (through API) No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Up to $150 after 6 months of inactivity, £25 after one quarter in the UK

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

Yes, depending on account type:

  • Standard account has no commissions
  • Direct Account has a commission of $3.5 per lot
Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs Dynamic - From 0.1 Pips to 1 Pip
📉 SP500
N/A Dynamic - From 50 Pips
📈 GOLD
N/A Dynamic - From 10 Pips
📉 TSLA (Stock CFD)
N/A Dynamic- From 18c
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
N/A Dynamic - From $12
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No