Saxo Bank vs Tiger Brokers
Saxo Bank | Tiger Brokers |
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4
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3.5
Tiger Brokers is #37 in our broker rankings. |
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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. |
Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion. |
66% of retail accounts lose money. | |
Comment by Reviewer | |
"Saxo is best for active traders and advanced 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." | "Based on my experience, Tiger Brokers is an excellent choice for dedicated stock traders looking to trade US, Asian and Australian shares, as well as options, futures, warrants and interest rates. It’s also great for anyone looking for explore an innovative proprietary trading platform." |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto | Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Variable | 1 Lot |
Regulator | |
FCA, DFSA, MAS, SFC | MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
3.0% | |
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 |
Auto Trading | |
Excel Automation via OpenAPI | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | No |
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 | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives. | CFD trading not offered |
Leverage | |
1:30 (Retail), 1:66 (Pro) | 1:4 |
FTSE Spread | |
1.2 pts (Variable) | N/A |
GBPUSD Spread | |
0.7 (var) | N/A |
Oil Spread | |
0.03 | N/A |
Stocks Spread | |
0.10% (subject to min commission) | Variable |
Forex Trading | |
With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders. | 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 | |
Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades. | Crypto trading not offered |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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66% of retail accounts lose money. | |
More Comparisons | |
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