Your capital is at risk. Trade only with funds you can afford to lose.
Saxo
Doesn't accept traders from Nigeria. See available CFD brokers
Not available in your countryRead Saxo review
66% of retail accounts lose money.
Rating breakdown
- Regulation & trust4.2
- Assets & markets4.2
- Fees & costs3.5
- Platforms & tools3.8
- Accounts & banking3.0
- Education3.5
- Research3.5
- Customer support3.5
tastytrade
#82 in our broker rankings
Accepts traders from Nigeria
| Saxo | tastytrade | |
|---|---|---|
| Overview | 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. |
| Customer Reviews | Based on 4 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. However, multiple regulatory fines in recent years pull down its safety profile.” | “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 |
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| Cons |
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| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs | Stocks, ETFs, Cryptos, Futures, Options |
| Demo Account | Yes | No |
| Minimum Deposit | $0 | $0 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | Vary by asset | – |
| Regulator | DFSA, MAS, FCA, FINMA, AMF, CONSOB | SEC, FINRA |
| Margin Trading | Yes | Yes |
| Margin Rate | 2% - 3% | – |
| 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 | – | |
| iOS App Rating | – | |
| 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 |
| – |
| Stock Exchanges | ||
| Commodities | – | |
| CFD Trading | ||
| Overview | 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 | ||
| Overview | 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 | ||
| Overview | 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 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |