Saxo Bank vs Tastyworks

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Saxo vs tastytrade Comparison Table 2026
Saxo	tastytrade
Review 4	Review 3 tastytrade is #17 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US 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.	tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.
66% of retail accounts lose money.
Customer Reviews
3.3 Based on 3 Saxo customer reviews
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."	"tastytrade is a good choice for investors looking for low-cost, multi-asset trading opportunities. Experienced traders in particular will appreciate the comprehensive analysis tools and advanced trading technology."
Pros
Saxo gives traders genuine multi-asset depth from one account: in our testing we could trade FX, CFDs, stocks, ETFs, futures, options and bonds across 70,000+ instruments without switching between separate product environments. Execution was consistently strong in our live tests, with Saxo’s own FX market-order stats showing average fills around 9–10ms and roughly 99.3–99.5% completing in under 50ms, which matched the fast, low-drift fills we saw on major FX and index CFDs. Research tools are a standout, with Autochartist fully integrated and filterable by pattern type, asset class, timeframe from 15 minutes to daily, and probability bands up to 70%+, making it genuinely useful rather than bolted on.	Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5 Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients
Cons
Classic account pricing is not cheap for day traders from our tests, with EUR/USD typically running around 0.8–0.9 pips all-in, so smaller traders will usually pay more than they would with the tightest ECN-style brokers. Withdrawals are reliable but slow in practice: Saxo processed requests in 1–2 business days, yet the full trip to our bank often took 4–5 days once correspondent banking and SHA charges were involved. Saxo is fast, but not built for ultra-tight scalping; around 55–60% of EUR/USD orders filled with zero slippage, yet roughly 20% saw negative slippage and price drift became more noticeable in our testing during news and under 300–400ms higher-latency conditions.	Less suitable for beginners with no demo account and basic educational resources Narrow range of instruments with no forex trading No credit/debit card payments USD base currency only No 529 plan
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	Stocks, ETFs, Cryptos, Futures, Options
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
SaxoTraderGO SaxoTraderPRO SaxoInvestor TradingView ProRealTime	Own
Payment Methods
BPAY Debit Card Mastercard PayID PayNow Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Wire Transfer
Minimum Trade
Vary by asset
Regulator
DFSA, MAS, FCA, FINMA, AMF, CONSOB	SEC, FINRA
Margin Trading
Yes	Yes
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)	iOS & Android
Android App Rating
4.6
iOS App Rating
4.6
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	Yes
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD JPY ZAR TRY SEK NOK DKK CHF HKD SGD PLN CZK AED HUF MXN
Stock Exchanges
London Stock Exchange Nasdaq Dubai New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange	S&P 500
Commodities
Copper Corn Gold Natural Gas Oil Silver
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.	CFD trading not offered
Leverage
1:30
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
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.	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
Trade cryptos against major fiat currencies or take a longer-term view with ETNs.	tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC ETH LTC DOGE
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.