Saxo Bank vs Webull

Saxo Bank vs Webull Comparison Table 2023
Saxo Bank	Webull
Review 4	Review 4.4 Webull is #7 in our 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.	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
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Wire Transfer
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
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange	Dow Jones Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Silver
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

Review	Review
66% of retail accounts lose money.
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