Saxo Bank vs Futu

Saxo Bank vs Futu Comparison Table 2024
Saxo Bank Futu
4
2.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Futu is a NASDAQ-listed brokerage established in 2012. The fintech firm offers multi-asset trading opportunities on two proprietary platforms; Futubull and moomoo. Futu holds licenses with 20+ authorities including the ASIC, NFA and SFC. An impressive 15 million customers trade with Futu.

66% of retail accounts lose money.
Customer Reviews
4
Comment by Reviewer
"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." "Futu is best for investing in Hong Kong, Chinese and US stock markets with transparent pricing. The broker is trustworthy with strong regulatory oversight and multiple awards."
Pros
  • 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
  • Reputable brokerage listed on the NASDAQ and registered with tier-one regulators
  • Extensive list of investments including stocks, options, ETFs, warrants, bonds and IPOs
  • Transparent pricing model with no commission fees to trade HK stocks & ETFs and free market data
  • Easy-to-use proprietary trading platform with desktop software, browser compatibility and a mobile app
  • Regulated worldwide with segregated client funds, ISO27001 security credentials and investor compensation schemes
  • Investor backing from several corporations including Tencent Holdings
  • NiuNiu community-based platform with NiuNiu Classroom education access
  • Pre-IPO trading hours access
Cons
  • 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
  • Limited number of payment methods with no e-wallets such as Skrill, Neteller or PayPal
  • High minimum deposit requirement of HKD 10,000 or USD 1,500
  • No live chat support available
  • Forex trading not available
  • No MT4 or MT5 access
Awards
  • HKEX - Business Innovation Information Vendors 2017
  • HKEX - Rising Information Vendor of the Year 2016
  • KPMG - China Leading Fintech 50 (2017/2016)
  • Bloomberg - Best Online Broker 2017
  • CB Insights - CB Insights’ Fintech 250 (2018/2017)
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Stocks, ETFs, IPOs, CBBCs, iBonds, Options, Warrants
Demo Account
Yes Yes
Minimum Deposit
$1500
Trading Platforms
  • TradingView
  • Own
Payment Methods
Minimum Trade
Vary by asset 0.01 Lots
Regulator
DFSA, MAS, FCA, SFC SFC
Margin Trading
No Yes
Margin Rate
4.8% - 8.8%
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 No
Spot Trading
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
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
Stock Exchanges
Commodities
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. 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
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. 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
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. Crypto trading not offered
Spread
Variable
Coins
  • 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
66% of retail accounts lose money.
More Comparisons
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