Trading212 vs Saxo Bank

Trading 212 vs Saxo Bank Comparison Table 2023
Trading 212	Saxo Bank
Review 2.3 We do not recommend Trading212. Margin requirement changes made with no notice leave traders exposed to additional risk, and a mobile app rating of just 1.1* illustrates a serious issue with user satisfaction	Review 4
Traders from US not accepted	Traders from US not accepted
Trading 212 offer a mobile trading experience with copy trading functionality and a range of investing assets.	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
	"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
Demo account Copy trading Strong regulation Low minimum deposit Multiple payment methods	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
No MetaTrader 4 integration	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
Awards
#1 Trading App - Apple App Store
Instruments
Forex, CFDs, Indices, Shares, Commodities, ETFs	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
€/£/$1
Payment Methods
Apple Pay Credit Card Debit Card Giropay Google Wallet iDeal Mastercard PayPal Skrill Sofort Visa Wire Transfer	Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
FCA, CySEC, FSC	DFSA, MAS, FCA, SFC
Margin Trading
Yes	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	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
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Auto Trading
AutoInvest portfolio
Copy Trading
Yes	No
Copy Trading Platform
Trading 212 offers a portfolio copy trading service which is user-friendly and suitable for beginners
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
USD EUR GBP CAD SEK NOK CHF CZK	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group S&P 500 SIX Swiss Exchange	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Lead Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
Trade CFDs on a range of markets commission-free including forex, stocks, and commodities	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 points	1.2 pts (Variable)
GBPUSD Spread
0.00028 pips	0.7 (var)
Oil Spread
0.4 pips	0.03
Stocks Spread
0.2% Var	0.10% (subject to min commission)
Forex Trading
Trade 170+ major and minor currency pairs with floating spreads.	Get 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.
GBPUSD Spread
0.00028 pips	0.7 (varies by region)
EURUSD Spread
0.00015 pips	0.2 (varies by region)
EURGBP Spread
0.00044 pips	0.6 (varies by region)
Assets
170+	40+
Cryptocurrency
Crypto trading not offered	Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
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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