Saxo Bank vs TradeStation
Saxo Bank | TradeStation |
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4
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3.5
TradeStation is #15 in our CFD 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. |
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 | |
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Cons | |
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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 | |
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Payment Methods | |
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 | |
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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. | 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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | No |
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66% of retail accounts lose money. | |
More Comparisons | |
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