This comparison guide helps users that struggle to select between Saxo Bank and TradeStation to discover the very best online broker for their trading and investment requirements. It examines the highlights of the two brokers alongside to aid users contrast their solution and make a notified decision.
To aid individuals choose the right broker in between Saxo Bank and TradeStation to find the best-suited system, listed below is a list of broker’s benefits and drawbacks, followed by a contrast of their main trading attributes, consisting of trading platforms & tools, costs, mobile trading, deposit & withdrawal, properties, regulation, and client support.
Saxo Bank vs. TradeStation: Summary
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Tradestation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs.
Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).
Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO). Minimum deposit is $2000 and there are no monthly charges.
TradeStation’s customer support is available by phone, email and live chat in English and Arabic.
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Pros
- Low minimum deposit ($0)
- 0% commission stock and ETF fees
- Extensive charting tools and features
- Fast and reliable order execution
- Trading automatisation capabilities
- Vast stock scanning tools
Cons
- Research and education section could be better
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
Key features
- $0 commission/stock trades(up to 15,000 shares)
- Vast market coverage(5,000 international stocks and ETFs)
- Fast and reliable order execution
- Great Fundamental Research and Analysis Tools
- Extensive Charting Tools and Features
- Access To Back-Testing and Automated Trading
Saxo Bank vs. TradeStation Comparison
Select up to 3 Brokers
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
TradeStation
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:4 |
| 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 | $35 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | $4 |
| Forex (EUR/USD) | 1 | 0.6 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | $0.007 per share |
| CFD (Gold) | $0.60 | 0 |
| Crypto | 0 | 0 |
| Options | $0.75 | $5 + £0.60 per contract |
| Conversion Fees | 0,75% | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account) |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 5 markets |
| ETF & Funds | 5.800 | 2300 |
| Crypto | 9 | 11 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 10 Markets |
| Futures | 300 | 11 Markets |
| Bonds | 4.200 | 630 |
| Forex Instruments | 200 | 0 |
| CFD Indices & Funds | 50 | 0 |
| CFD Stocks | 19.000 | 0 |
| CFD Commodities | 50 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 1 |
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
Saxo Bank vs. TradeStation Comparison Conclusion
The results of our comparison of Saxo Bank vs. TradeStation are involved the table listed below.
| Broker: | Best For: |
| Saxo Bank | Premium Trades and CFD Trading |
| TradeStation | Stock trading; Active traders |
Selecting the ideal selection between Saxo Bank and TradeStation can be hard. Both on the internet brokers have similarities yet vary concerning trading instruments, systems & applications, law, deposit & withdrawals, and study and education. Choosing the very best broker relies on users’ trading & financial investment objectives, specific choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.