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 Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
Swissquote
84.5% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| 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:
- Saxo Bank has premium services and social trading features.
- Swissquote has different account tiers and learning materials.
- 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.
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