Updated Jul 12 2022
Overview | |
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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. |
Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
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 | 2012 |
💳 Minimum Deposit | |
From 500 € to 2,000 € depending on residence | 0 |
💰 Payment Methods | |
💵 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 | All available cryptocurrencies. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
US,BR,ES,IN,KE,MX,NG,PK,ZA | None |
📊 STP Account | |
Yes | No |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
30,000+ | N/A |
📘 Currency Pairs | |
182 | N/A |
📗 Commodities | |
19 (CFDs) | N/A |
📕 Indices | |
29 (CFDs) | N/A |
📔 ETFs | |
5,400+ | N/A |
💸 Cryptocurrencies | |
9 | 110+ |
📒 Bonds | |
5,000+ | N/A |
📓 Options | |
3,000+ | N/A |
📗 Futures | |
300+ | N/A |
📝 Notes: | |
N/A | Coinbase is a traditional cryptocurrency wallet and exchange, meaning that all cryptocurrencies purchased are real ones and not financial derivatives. |
Trading Experience |
📈 Minimum Stock Trade Size | |
N/A | N/A |
📉 Minimum ETFs Trade Size | |
N/A | N/A |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (eg: 0.01 units of BTC) | $2 |
📉 Minimum FX Trade Size | |
$1,000 (0.01 lots) | N/A |
📈 Minimum Commodities Trade Size | |
N/A | N/A |
📉 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 | N/A |
💪 Professional Leverage | |
Up to 1:66 | N/A |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | No |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
No | No |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes (through API) | 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 |
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, from 0.50% up to 2.0% of transaction values on Coinbase Standard. |
Spreads |
📈 EUR/USD | |
0.8 Pips average - 0.4 for VIPs | N/A |
📉 SP500 | |
N/A | N/A |
📈 GOLD | |
N/A | N/A |
📉 TSLA (Stock CFD) | |
N/A | N/A |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
N/A | Dynamic - From 0.50% up to 2.0% | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | No |
🗓 Economic Calendar | |
Yes | No |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | No |