Saxo Bank vs Spread Co

Saxo Bank vs Spread Co Comparison Table 2023
Saxo Bank	Spread Co
Review 4	Review Not Yet Rated
Traders from US not accepted	Traders from US not 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.	Spread Co offers spread betting and CFDs with competitive trading conditions.
66% of retail accounts lose money.
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
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
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
Payment Methods
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	Credit Card Mastercard Skrill Visa Wire Transfer
Minimum Trade
Vary by asset	£0.10
Regulator
DFSA, MAS, FCA, SFC	FCA
Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	No
eSignal
No	No
Trading Central
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
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Silver	Gold Silver
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
Get 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

Review	Review
66% of retail accounts lose money.
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