Saxo Bank vs Webull
Saxo Bank | Webull |
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4
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4.4
Webull is #35 in our broker rankings. |
Traders from US not accepted
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Traders from US accepted |
Saxo Markets 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 multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold 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. | |
Customer Reviews | |
4
Based on 1 Saxo Bank customer reviews
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Bonus Offer | |
Up to 12 free fractional shares when you deposit $100 | |
Promotions | |
Limited-Time Offer at Saxo: Trade US Stocks With No Commission |
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Comment by Reviewer | |
"Saxo is best for active traders and high-volume 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 | |
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Cons | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Vary by asset | 0.00001 (Fractional Share) |
Regulator | |
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | SEC, FINRA, FCA |
Margin Trading | |
No | 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 |
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 | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | CFD trading not offered |
Leverage | |
1:30 | 1:4 |
FTSE Spread | |
1.2 pts (Variable) | |
GBPUSD Spread | |
0.7 (var) | |
Oil Spread | |
0.03 | |
Stocks Spread | |
0.10% (subject to min commission) | $0 |
Forex Trading | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash. |
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 | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee. |
Spread | |
Variable | Floating |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
66% of retail accounts lose money. |