TradeZero vs Saxo Bank

TradeZero vs Saxo Bank Comparison Table 2023
TradeZero Review 2023	Saxo Bank Review 2023
Review 2.6 TradeZero is #36 in our broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted See available CFD brokers
TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.	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.
	66% of retail accounts lose money.
Comment by Reviewer
"We recommend TradeZero for active stock traders looking for zero commissions, powerful software and extended hours trading."	"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."
Pros
ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients Four in-house platforms including a proprietary mobile app with real-time data streaming Simple pricing structure; free or paid stock and options orders (eligibility requirements apply) On-demand tutorial videos and live stream market insights The US entity is registered with the FINRA and SIPC Innovative solution to mark unused locates for credit Pre-market and post-market trading hours	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
Cons
TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500) The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals Customer support is available 24/7 with a responsive live chat	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
Instruments
Stocks, Options, ETFs	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto
Demo Account
No	Yes
Minimum Deposit
$200
Trading Platforms
Own	TradingView
Payment Methods
Wire Transfer	Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer
Minimum Trade
$1	Variable
Regulator
SCB, FINRA	FCA, DFSA, MAS, SFC
Margin Trading
Yes	Yes
Margin Rate
8%
STP Account
No	No
ECN Account
No	Yes
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	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, 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
No	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
Nasdaq New York Stock Exchange	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
CFD trading not offered	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.
Leverage
	1:30 (Retail), 1:66 (Pro)
FTSE Spread
	1.2 pts (Variable)
GBPUSD Spread
	0.7 (var)
Oil Spread
	0.03
Stocks Spread
	0.10% (subject to min commission)
Forex Trading
Forex trading not offered	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.
GBPUSD Spread
	0.7 (varies by region)
EURUSD Spread
	0.2 (varies by region)
EURGBP Spread
	0.6 (varies by region)
Assets
	40+
Cryptocurrency
Crypto trading not offered	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.
Spread
	Variable
Coins
	BTC ETH LTC XRP XTZ SOL ADA DOT
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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