Saxo Bank vs Moomoo
Saxo Bank Review 2023 | Moomoo Review 2023 |
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4
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3.8
Moomoo is #10 in our broker rankings. |
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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. |
Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses. |
66% of retail accounts lose money. | |
Bonus Offer | |
Get up to 15 free stocks worth up to $2000 | |
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." | "Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto | Stocks, Options, ETFs, ADRs, OTCs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Variable | $0 |
Regulator | |
FCA, DFSA, MAS, SFC | SEC, FINRA, MAS |
Margin Trading | |
Yes | Yes |
Margin Rate | |
6.8 | |
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) | Yes (iOS & Android) |
Auto Trading | |
Excel Automation via OpenAPI | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | None |
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 | |
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Stock Exchanges | |
Commodities | |
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. | Crypto trading not offered |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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66% of retail accounts lose money. | |
More Comparisons | |
Saxo Bank vs |
Moomoo vs |