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


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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.	Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	Novices who want to enter the world of investing Intermediate and advanced options traders Professional day traders and portfolio managers
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 2 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)	HKMA (Hong Kong) FINRA (United States)
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	Trade any asset class from just $5 Easy-to-use investing app Fully extended trading hours
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	No international clients at the moment No joint accounts
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	2017
💳 Minimum Deposit Range
From $500 up to $2,000	0
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfer Neteller Skrill
💵 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.	1 - USD.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, BR, ES, IN, KE, MX, NG, PK, ZA.	European Union, UK, CA, JP, IN, IR, MY, ZA, AU.
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	Equities
Total Asset Offering
49,339	12,420
Exchange Access
0	5
📙 Real Stocks
30,000	10,000
📙 Stock CFDs
0	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
182	0
📗 Commodities
0	0
📗 Commodities CFDs
19	0
📕 Indices
0	0
📕 Indices CFDs
29	0
📔 ETFs
5,400	2,400
📔 ETFs CFDs
5,400	0
💸 Cryptocurrencies
0	20
💸 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	$5 trade value
📉 Minimum ETFs Trade Size
Unavailable	$5 trade value
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC)	Varies per cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	Unavailable
📈 Minimum Commodities Trade Size
Unavailable	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	4
💪 Professional Leverage
66	Unavailable
✍ 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	No
💻 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	Yes
🔨 Trailing Stop-loss
Yes	No
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	Unavailable
📉 SP500
Unavailable	Unavailable
📈 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	No
📡 Educational Content
No	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
No	No