Saxo Bank vs Swissquote
Saxo Bank | Swissquote |
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4
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4
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Traders from US not accepted
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Traders from US not accepted
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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. |
Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users. |
66% of retail accounts lose money. | |
Customer Reviews | |
4
Based on 1 Saxo Bank customer reviews
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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." | "We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service." |
Pros | |
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Cons | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1000 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Vary by asset | 0.01 Lots |
Regulator | |
DFSA, MAS, FCA, SFC | FCA, FINMA, DFSA, SFC |
Margin Trading | |
No | Yes |
STP Account | |
No | No |
ECN Account | |
Yes | Yes |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
Auto Trading | |
Yes | |
Copy Trading | |
No | No |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements. |
Leverage | |
1:30 | 1:30 |
FTSE Spread | |
1.2 pts (Variable) | 0.9 |
GBPUSD Spread | |
0.7 (var) | 1.3 |
Oil Spread | |
0.03 | 0.02 |
Stocks Spread | |
0.10% (subject to min commission) | N/A |
Forex Trading | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies. |
GBPUSD Spread | |
0.7 (varies by region) | 1.3 |
EURUSD Spread | |
0.2 (varies by region) | 1.3 |
EURGBP Spread | |
0.6 (varies by region) | 1.5 |
Assets | |
40+ | 80+ |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens. |
Spread | |
Variable | Variable |
Coins | |
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Crypto Lending | |
No | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | No |
66% of retail accounts lose money. | |
More Comparisons | |
Saxo Bank vs |
Swissquote vs |