Saxo Bank vs TradeStation

Saxo Bank vs TradeStation Comparison Table 2023
Saxo Bank	TradeStation
Review 4	Review 3.5 TradeStation is #15 in our CFD broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US 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.	TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders.
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."	"TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders."
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	Reputable brand with oversight from top US regulators Powerful trading platform with desktop, webtrader and mobile app Support for third-party platform add-ons Fast and responsive customer service Quick, straightforward account setup Competitive commissions on US stocks
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	Limited ETF options with no commission-free ETFs Expensive subscription fees for many add-ons Pricing disadvantages less active traders Limited free data and in-depth research
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto	Stocks, Futures, E-minis, CFD, Forex
Demo Account
Yes	Yes
Minimum Deposit
	$500
Trading Platforms
TradingView	MT4
Payment Methods
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	ACH Transfer
Minimum Trade
Variable	Min lot size will vary
Regulator
FCA, DFSA, MAS, SFC	SEC
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	Yes
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 and Windows
Auto Trading
Excel Automation via OpenAPI
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	USD EUR GBP CAD AUD JPY 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	Soybeans
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.	Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order.
Leverage
1:30 (Retail), 1:66 (Pro)	1:20
FTSE Spread
1.2 pts (Variable)	N/A
GBPUSD Spread
0.7 (var)	N/A
Oil Spread
0.03	0.06 pips
Stocks Spread
0.10% (subject to min commission)	0.2% Var
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.	Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions.
GBPUSD Spread
0.7 (varies by region)	Variable
EURUSD Spread
0.2 (varies by region)	Variable
EURGBP Spread
0.6 (varies by region)	Variable
Assets
40+	26
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
BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

Review	Review
66% of retail accounts lose money.
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