Saxo Bank Vs. Trading 212 - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69% of retail CFD accounts lose money.	Visit Majority 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.	Trading 212 is a global broker headquartered in the U.K specialising in real stocks and ETFs investing along with CFD trading.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	Passive investors looking to buy stocks or ETFs with their investing account Traders of all levels of experience looking to trade CFDs on shares
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 2 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) CySec (Cyprus) FSC (Bulgaria)
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	Broad asset offering in their investing account (more than 10,000 assets) Friendly, smooth and simple proprietary platforms (both web and mobile) Great spreads on stocks and no commissions on investing accounts
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Despite both platforms being beautiful, they are gamified for engagement. Clicking on the buy button on mobile platform will trigger a random order without asking for confirmation Asides from stocks, their asset offering lacks variety Very high forex spreads (1.4 Pips on EUR/USD)
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	2004
💳 Minimum Deposit Range
From $500 up to $2,000	From $1 to $10
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfer Paypal Neteller Skrill iDeal Apple Pay
💵 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.	9 - USD, EUR, GBP, RON, PLN, CHF, SEK, NOK, CZK.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BR, ES, IN, KE, MX, NG, PK, ZA.	US, CA.
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	Hybrid
Total Asset Offering
49,339	13,615
Exchange Access
0	0
📙 Real Stocks
30,000	10,000
📙 Stock CFDs
0	1,526
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
182	179
📗 Commodities
0	0
📗 Commodities CFDs
19	25
📕 Indices
0	0
📕 Indices CFDs
29	35
📔 ETFs
5,400	1,800
📔 ETFs CFDs
5,400	50
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
9	0
📒 Bonds
5,000	0
📒 Bonds CFDs
0	0
📓 Options
3,000	0
📓 Options CFDs
0	0
📗 Futures
300	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	$500 (0.005 Lots)
📈 Minimum Commodities Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 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	No
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 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	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	Dynamic - From 1.4 Pips
📉 SP500
Unavailable	Dynamic - From 166 Pips
📈 GOLD
Unavailable	Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $0.6
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	No