Charles Schwab vs Saxo Bank

Charles Schwab vs Saxo Bank Comparison Table 2023
Charles Schwab	Saxo Bank
Review 2.8 Charles Schwab is #38 in our broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts	A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
	66% of retail accounts lose money.
Instruments
Stocks, Futures, Options, Crypto, ETFs	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$1
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer
Minimum Trade
1	Vary by asset
Regulator
SEC, FINRA, FCA1	DFSA, MAS, FCA, SFC
Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange
Commodities
Soybeans	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
CFD trading not offered
Leverage
	1:30
FTSE Spread
	1.2 pts (Variable)
GBPUSD Spread<
	0.7 (var)
Oil Spread
	0.03
Stocks Spread
	0.10% (subject to min commission)
Forex Trading
Forex trading not offered
GBPUSD Spread
	0.7 (varies by region)
EURUSD Spread
	0.2 (varies by region)
EURGBP Spread
	0.6 (varies by region)
Assets
	40+
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Floating	Variable
Coins
GBTC BITW	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	66% of retail accounts lose money.
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