Saxo Bank vs Binance

Saxo Bank vs Binance Comparison Table 2023
Saxo Bank	Binance
Review 4	Review 3.5 Binance is #33 in our crypto broker rankings. Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Traders from US not accepted See available CFD brokers	Traders from US accepted
Saxo 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.	Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
66% of retail accounts lose money.
Comment by Reviewer
"Saxo is best for active traders and advanced 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."	"Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion."
Pros
Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market reports, 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 Highly accessible and flexible ISA account with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers	Over 350 crypto tokens are available with big names like Bitcoin and Ethereum Crypto derivatives are offered including options and futures Trade popular cryptos with high leverage up to 1:125 Binance Academy is a great resource for beginners The account opening process is straightforward There are no fees on fiat and crypto deposits 24/7 support is available via live chat
Cons
High deposit requirements for trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium	No contact support number Some regulatory investigations The crypto exchange has been hacked
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto	Cryptos
Demo Account
Yes	No
Minimum Deposit
	$0
Trading Platforms
TradingView	AlgoTrader
Payment Methods
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	ACH Transfer ADVcash Apple Pay AstroPay Banxa Bitcoin Payments Credit Card Etana Ethereum Payments Flutterwave Google Wallet Mastercard Paybis PayID PIX Payment Samsung Pay Simplex Vietcombank Transfer Visa Wire Transfer
Minimum Trade
Variable	$10
Regulator
FCA, DFSA, MAS, SFC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	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
No	No
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	Yes
Auto Trading
Excel Automation via OpenAPI
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	UAH
Stock Exchanges
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Silver
CFD Trading
Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives.	CFD trading not offered
Leverage
1:30 (Retail), 1:66 (Pro)
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
With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders.	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
Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades.	Binance is one of the world's leading crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Variable	Variable fees with account tiers
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	DOGE VET USDT BTC BNB ETH VTHO ADA ONE SOL NEO LINK XLM NANO LTC BUSD HBAR ALGO MANA ZIL ENJ BCH MATIC EGLD HNT EOS QTUM RVN DAI IOTA ONT STORJ UNI ETC BAND OMG XTZ USDC ATOM DASH ICX BAT MKR OXT ZEC ZEN ZRX COMP WAVES KNC REP PAXG FIL WBTC THETA SHIB
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

Review	Review
66% of retail accounts lose money.
More Comparisons
Saxo Bank vs	Binance vs