Saxo Bank vs. Swissquote

Page Summary

Saxo Bank and Swissquote are popular online brokers. Saxo Bank has premium trading platforms and research data. It follows a transparent fee structure and has top-tier trading tools. Saxo Bank has licenses from the ASIC, FSA, FINMA, MAS, SFC, and FCA. It is an excellent choice for traders of all levels of experience. 

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Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

Swissquote logo

Swissquote

Open account Read review

84.5% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Saxo
Swissquote logo

Overall rating

4,9/5

4,2/5

Overall rating

4,9/5

4,2/5

Trading Platform & Tools

4.9

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.0

See details
Withdrawal Fee 0 $10
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1 1.6 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks $9
CFD (Gold) $0.60 5.37 pips
Crypto 0 0.50%
Options $0.75 $1.49 per contract
Conversion Fees 0,75% 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

1.9

See details
Minimum deposit (in UAE) $5000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.9

See details
Shares 30.000 60
ETF & Funds 5.800 9000
Crypto 9 26
Commodities 0 0
Indices 0 0
Options 3.000 6
Futures 300 6
Bonds 4.200 53000
Forex Instruments 200 80
CFD Indices & Funds 50 26
CFD Stocks 19.000 0
CFD Commodities 50 12
CFD Crypto 0 12
CFD Bonds 0 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Swissquote is an online broker with a versatile portfolio. It offers many tradable assets, including cryptocurrency trading. Swissquote has a proprietary platform and access to the full MetaTrader suites. We recommend it for traders of all levels of experience as it has valuable trading tools. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Saxo Bank and Swissquote. 

Top findings from the Saxo Bank vs. Swissquote review:  

  1. Saxo Bank has premium services and social trading features. 
  2. Swissquote has different account tiers and learning materials. 
  3. Both brokers have a proprietary platform, a demo account, and active trading discounts. 

We recommend Saxo Bank for experienced active traders as it has excellent social trading tools. Swissquote is a better fit for new traders because it has competitive prices and learning tools. 

Level of experience  

Saxo Bank has premium tools and trading platforms. It is a better choice for professionals, as it offers powerful research tools and advanced trading videos. Saxo Bank provides access to one-on-one consultation with company fund managers.  

Swissquote is a top choice for inexperienced traders. It has a proprietary platform and virtual trading account. Swissquote offers an excellent trading experience for all traders. 

Fees  

Saxo Bank has an initial deposit fee of US$10,000, while Swissquote charges $1,000. Both brokers offer an active trader discount. 

Assets  

Saxo Bank has 170 forex currency pairs, while Swissquote has 78 available pairs. Saxo Bank provides access to 9000 CFDs, while Swissquote has 49 available CFDs. 

Trading platform  

Saxo Bank has a premium portfolio with a web, desktop, and mobile platform. It offers a demo account and useful research tools. Saxo Bank is a popular broker because of its social trading services. We recommend it for experienced active traders. 

Swissquote has a proprietary web and desktop platform. It offers useful services, including access to the MetaTrader suite. Swissquote has valuable learning and research tools. It is a good choice for both professional and beginner traders. 

Banking services  

Banking services contribute to an impressive online trading experience. Both brokers are listed as a bank and offer many funding options. Saxo Bank has bank transfers and credit/debit cards as its funding options. Swissquote offers bank transfers, credit/debit cards, PayPal, and Skrill. 

Final verdict  

Saxo Bank and Swissquote are popular online brokers. Both have strengths and weaknesses, depending on your trading experience. We recommend Saxo Bank to professional traders, as it has limited learning tools. Swissquote is a good choice for traders of all levels of experience. 

Saxo Bank compared to other brokers:

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