FlowBank vs Saxo Bank

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FlowBank vs Saxo Bank Comparison Table 2024
FlowBank Saxo Bank
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FlowBank is a regulated bank and trading broker with a wide range of instruments including forex, funds, cryptos and thousands of stocks, that offers direct and high-leverage CFD trading on the MetaTrader 4 and MetaTrader 5 platforms. Traders benefit from ultra-tight spreads, low or no commissions and a free stock joining bonus.

Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

Customer Reviews
4
Bonus Offer
Free Welcome Stock Up To 500 CHF
Comment by Reviewer
"FlowBank is an excellent fit for active Swiss traders looking to build a diverse portfolio with a wide range of instruments and ultra-low fees, including zero commissions on Swiss stocks. The 20+ accepted currencies, $0 minimum deposit, and 4 platforms also make the broker accessible to global traders." "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."
Pros
  • Registered bank with regulatory oversight from FINMA
  • Demo account with a quick sign-up process
  • MT4 integration for desktop, web and mobile
  • No minimum deposit for traders on a budget
  • Full range of investments with 4500+ assets including crypto derivatives
  • Wide range of account base currencies catering to global traders
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Limited deposit options apart from wire transfer and bank cards
  • No copy trading service for aspiring traders
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Instruments
CFDs, Stocks, ETFs, Funds, Commodities, Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0
Trading Platforms
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
FINMA DFSA, MAS, FCA, SFC, FINMA
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
App Review

The FlowBank trading app offers advanced technical and fundamental analysis features, over 50 forex pairs, plus instant and pending orders. Traders can download the app to Apple and Android devices.

Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • THB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade 4500+ CFDs with tight spreads and no commission except stocks. Choose between 4 different trading platforms and apps, including MT4, MT5 and proprietary options. The broker also sometimes offer joining promotions. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:200 1:30
FTSE Spread
1.0 1.2 pts (Variable)
GBPUSD Spread
0.7 0.7 (var)
Oil Spread
0.03 0.03
Stocks Spread
0.02¢ commission 0.10% (subject to min commission)
Forex Trading
Trade 50+ major, minor and exotic pairs with spreads form 0.5 pips, no commissions and leverage up to 1:200. Importantly, the heavily regulated broker also provides a relatively secure forex trading environment. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Forex App

The FlowBank trading app offers advanced technical and fundamental analysis features, over 50 forex pairs, plus instant and pending orders. Traders can download the app to Apple and Android devices.

GBPUSD Spread
From 0.0 0.7 (varies by region)
EURUSD Spread
From 0.0 0.2 (varies by region)
EURGBP Spread
From 0.0 0.6 (varies by region)
Assets
50+ 40+
Cryptocurrency
Speculate on crypto markets via 10 crypto/USD pairs as well as ETPs, ETNs, ETF, tracker certificates and closed-end funds. This range of derivatives offer diversified exposure to digital markets that aren't found at many alternatives. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
From 0.3 Variable
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • EOS
  • XLM
  • NEO
  • DOGE
  • UNI
  • LINK
  • 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