Charles Schwab vs Saxo Bank

Charles Schwab vs Saxo Bank Comparison Table 2022
Charles Schwab Saxo Bank
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
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Bonus
None None
Instruments
Stocks, Futures, Options, Crypto, ETFs Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$1 $10000
Payment Methods
ACH Transfer, Wire Transfer Credit Card, JCB Card, Mastercard, 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
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 -
Trade Signals
- Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Social Trading
No No
Copy Trading
No No
Islamic Account
No Yes
Account Currencies
USD USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
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
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. Crypto trading not offered
Spread
Floating
Coins
GBTC, BITW
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
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