Page Summary
Saxo Bank and XTB are the leading online brokers. Saxo Bank offers premium services, trading platforms, and educational materials. It has a transparent fee structure, and it provides active trading discounts. Saxo Bank is highly regulated, with ASIC, SFC, FSA, MAS, FINMA, and FCA. It is a good 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.
XTB
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| 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 | $0 |
| Deposit Fee | 0 | $0 |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | €12 |
| Forex (EUR/USD) | 1 | 1.0 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 1.19 pips |
| Crypto | 0 | 100 pips |
| Options | $0.75 | 0 |
| 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 | 0 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 0 |
| Futures | 300 | 0 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 57 |
| CFD Indices & Funds | 50 | 37 |
| CFD Stocks | 19.000 | 1796 |
| CFD Commodities | 50 | 23 |
| CFD Crypto | 0 | 10 |
| CFD Bonds | 0 | 0 |
| 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
XTB is the leading beginner-friendly online broker with an FCA license. It has a transparent withdrawing and depositing funds process. XTB has a straightforward trading platform and many educational tools. It is a good choice for beginner traders.
Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and XTB.
Top findings from the Saxo Bank vs. XTB review:
- Saxo Bank has premium trading platforms with educational tools and social trading features.
- XTB has useful research and educational data for inexperienced traders.
- Both brokers have a demo account and active trading discounts.
We recommend Saxo Bank for traders of all levels of experience because of its social trading tools. XTB is the best choice for beginner traders looking for a simple-to-understand trading platform.
Level of experience
Professional traders prefer Saxo Bank because of its premium account tiers and trading tools. It has advanced trading videos for experienced traders. Saxo Bank has beginner-friendly tools, including training videos, webinars, and forex education.
XTB is the first choice of beginner traders because of its simple-to-understand platform. It has user-friendly tools, useful educational materials, and research features.
Fees
Saxo Bank has one of the highest minimum deposit fees of US$10,000. XTB doesn’t charge an initial deposit for opening an account. Both brokers have a transparent fee structure and offer discounts for active traders.
Assets
Saxo Bank has an excellent portfolio with CFD, cryptocurrency CFD, stocks, bonds, and 170 forex pairs. XTB has a limited portfolio and offers 49 forex pairs. Both brokers offer social trading tools and have an average spread for EUR/USD of 0.8.
Trading platform
Saxo Bank has a comprehensive portfolio with desktop, web, and mobile trading platforms. It offers a virtual trading account, premium research, and educational tools. Saxo Bank has impressive social trading services and access to MetaTrader4. We recommend it for traders of all levels of experience.
XTB has a beginner-friendly proprietary platform, desktop, web, and mobile app. It offers access to MetaTrader 4 and social trading. Its demo account allows new traders to test its offering with virtual money.
Banking services
Banking services are an essential component of online trading. Saxo Bank offers bank transfers and credit/debit card funding. XTB has a comprehensive offer with bank transfers, credit/debit cards, PayPal, and Skrill.
Final verdict
Saxo Bank and XTB are the leading online brokers. Both have advantages and disadvantages, depending on your needs and trading experience. We recommend Saxo Bank to active traders of all levels of experience. XTB is a better fit for new traders looking for a straightforward trading platform and learning tools.
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