Saxo Bank Vs. Coinbase - Compare and Choose the Right One


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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.	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
Professional investors looking to trade a variety of markets High net worth traders or investors	Inexperienced cryptocurrency investors Long term cryptocurrency holders Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 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)	Registered as an electronic payments provider in countries where required to operate, yet they don’t require traditional brokerage regulation.
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	Extremely simple and friendly interfaces Moderate variety of cryptocurrencies Independent wallet application Option to choose from standard Coinbase or Coinbase Pro Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Extremely high fees for cryptocurrency transactions (especially on standard app) Low variety of cryptocurrencies to trade when compared to leading exchanges
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	2012
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence	0
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfers Paypal
💵 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
Real stocks, ETFs, bonds and options. CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.	Coinbase provides only real cryptocurrencies.
📙 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