Saxo Bank vs Webull

Saxo Bank vs Webull Comparison Table 2023
Saxo Bank Webull
4
4.4

Webull is #7 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag 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.

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

66% of retail accounts lose money.
Bonus Offer
Up to 12 free fractional shares when you deposit $100
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." "Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."
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
  • Respected broker regulated by the SEC and FINRA
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • Zero commissions or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares available
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
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
  • Narrow range of payment methods
  • No MetaTrader 4 access
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares
Demo Account
Yes Yes
Minimum Deposit
$0
Trading Platforms
  • TradingView
  • Desktop App
  • Web Terminal
Payment Methods
Minimum Trade
Variable 0.00001 (Fractional Share)
Regulator
FCA, DFSA, MAS, SFC SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
5.49% - 9.49%
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 Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
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
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
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)
GBPUSD Spread
0.7 (var)
Oil Spread
0.03 NA
Stocks Spread
0.10% (subject to min commission) $0
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. Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.
GBPUSD Spread
0.7 (varies by region) 0.4
EURUSD Spread
0.2 (varies by region) 0.2
EURGBP Spread
0.6 (varies by region) 0.4
Assets
40+ 15+
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. Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps.
Spread
Variable Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.
More Comparisons
Saxo Bank
vs
Webull
vs