Trading212 vs Saxo Bank
Trading 212 | Saxo Bank |
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2.5
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4
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Traders from US not accepted
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Traders from US not accepted
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Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets. |
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. |
66% of retail accounts lose money. | |
Customer Reviews | |
2
Based on 1 Trading 212 customer reviews
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4
Based on 1 Saxo Bank customer reviews
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Comment by Reviewer | |
"With its user-friendly app, low barrier to entry and fractional shares, Trading 212 is particularly suited to beginners. However, it lacks the advanced charting tools experienced day traders will want. Its products are also increasingly geared towards longer-term investors." | "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." |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | Vary by asset |
Regulator | |
FCA, CySEC, FSC | DFSA, MAS, FCA, SFC |
Margin Trading | |
Yes | No |
STP Account | |
Yes | 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 | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | SaxoTraderGo (iOS, Android, Windows) |
App Review | |
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
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Auto Trading | |
AutoInvest Portfolio | |
Copy Trading | |
No | No |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
Leverage | |
1:30 | 1:30 |
FTSE Spread | |
2.5 | 1.2 pts (Variable) |
GBPUSD Spread | |
0.00028 | 0.7 (var) |
Oil Spread | |
0.4 | 0.03 |
Stocks Spread | |
0.2% Var | 0.10% (subject to min commission) |
Forex Trading | |
Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
Forex App | |
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
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GBPUSD Spread | |
0.00028 | 0.7 (varies by region) |
EURUSD Spread | |
0.00015 | 0.2 (varies by region) |
EURGBP Spread | |
0.00044 | 0.6 (varies by region) |
Assets | |
180+ | 40+ |
Currency Indices | |
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Cryptocurrency | |
Crypto trading not offered | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. |
Spread | |
Variable | |
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. | |
More Comparisons | |
Trading 212 vs |
Saxo Bank vs |