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


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.	Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	Traditional equity investors looking for a broad range of markets Experienced traders looking to benefit from their amazing research tools
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 4 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)	FCA (UK) ADGM (United Arab Emirates) FINMA (Switzerland) MFSA (Malta) HKMA (Hong Kong)
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	Outstanding asset offering with more than 60 exchanges across the world Amazing research and analysis tools for all trader levels Thematic investments with preconfigured product baskets Offers banking services along with debit card
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Their proprietary platform lacks many features and is not user friendly Their commissions are extremely high Overall everything feels complicated to use
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	1996
💳 Minimum Deposit Range
From $500 up to $2,000	0
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfer
💵 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.	21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BR, ES, IN, KE, MX, NG, PK, ZA.	US, JP, SY, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Banking License
No	Yes
Debit Card
No	Yes
Assets
📚 Assets Type
Hybrid	Hybrid
Total Asset Offering
49,339	175,533
Exchange Access
0	60
📙 Real Stocks
30,000	100,000
📙 Stock CFDs
0	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
182	80
📗 Commodities
0	0
📗 Commodities CFDs
19	12
📕 Indices
0	0
📕 Indices CFDs
29	26
📔 ETFs
5,400	1,400
📔 ETFs CFDs
5,400	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
9	12
📒 Bonds
5,000	54,000
📒 Bonds CFDs
0	3
📓 Options
3,000	10,000
📓 Options CFDs
0	0
📗 Futures
300	10,000
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	From $50
📉 Minimum ETFs Trade Size
Unavailable	From $50
📈 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	From $50
📉 Minimum Bonds Trade Size
Unavailable	From $50
📈 Minimum Futures Trade Size
Unavailable	From $50
📉 Minimum Options Trade Size
Unavailable	From $50
💪 Retail Leverage
30	30
💪 Professional Leverage
66	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	Yes
📊 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.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	$10 per withdrawal.
💰 Commissions
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.	For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.
Spreads
📈 EUR/USD
Dynamic - From 0.4 to 0.8 Pips	Dynamic - From 0 to 1.3 Pips
📉 SP500
Unavailable	Dynamic - From 60 Pips
📈 GOLD
Unavailable	Unavailable
📉 TSLA (Stock CFD)
Unavailable	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Unavailable	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	No