Saxo Bank vs Revolut
| Saxo Bank Review 2023 | Revolut Review 2023 |
|---|---|
4
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3.1
Revolut is #22 in our broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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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. |
Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange. |
| 66% of retail accounts lose money. | Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested. |
| 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." | "Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment." |
| Pros | |
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| Cons | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto | Stocks, Cryptos |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $0 | |
| Trading Platforms | |
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| Payment Methods | |
| Wire Transfer, Direct Deposit, Revolut Transfer, Apple Pay, Mobile Check, Google Pay, Credit Card, Debit Card | |
| Minimum Trade | |
| Variable | $1 |
| Regulator | |
| FCA, DFSA, MAS, SFC | FINRA, SEC |
| Margin Trading | |
| Yes | No |
| 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 |
| 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 | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| 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. | Invest in 100+ crypto tokens using 30+ fiat currencies. You can buy, sell and transfer cryptos on the iOS and Android app. We like that traders can also choose to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments. |
| Spread | |
| Variable | 2.5% commission for standard profiles |
| 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. | Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested. |
| More Comparisons | |
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Saxo Bank vs |
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