Saxo Bank vs Spread Co

Saxo Bank vs Spread Co Comparison Table 2024
Saxo Bank Spread Co
4
Not Yet Rated
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.

Spread Co offers spread betting and CFDs with competitive trading conditions.

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."
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
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
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs
Demo Account
Yes Yes
Minimum Deposit
£200
Trading Platforms
  • TradingView
  • Own
Payment Methods
Minimum Trade
Vary by asset £0.10
Regulator
DFSA, MAS, FCA, SFC FCA
Margin Trading
No 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 No
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) Yes
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. Trade with leveraged CFDs on popular financial markets.
Leverage
1:30 1:20
FTSE Spread
1.2 pts (Variable) 1.0
GBPUSD Spread
0.7 (var) 1.0
Oil Spread
0.03 4.0
Stocks Spread
0.10% (subject to min commission) Variable
Forex Trading
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. Spread Co offers trading on a long list of online currencies with competitive spreads.
GBPUSD Spread
0.7 (varies by region) 1.0
EURUSD Spread
0.2 (varies by region) 0.8
EURGBP Spread
0.6 (varies by region) 1.0
Assets
40+ 38
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.
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