Saxo Bank vs Webull
Saxo Bank | Webull |
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4
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4.4
Webull is #7 in our 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. |
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 | |
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Cons | |
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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 | |
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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 | |
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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. | 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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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66% of retail accounts lose money. | |
More Comparisons | |
Saxo Bank vs |
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