This comparison guide helps individuals that struggle to choose in between Alvexo and Saxo Bank to locate the most effective online broker for their trading and financial investment requirements. It assesses the main features of the two brokers side-by-side to aid customers contrast their service and make a notified choice.
To aid customers pick the appropriate broker between Alvexo and Saxo Bank to discover the best-suited platform, below is a list of broker’s advantages and disadvantages, complied with by a comparison of their main trading functions, consisting of trading platforms & tools, fees, mobile trading, deposit & withdrawal, possessions, policy, and consumer support.
Alvexo vs. Saxo Bank: Summary
Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.
Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.
Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Access to over 58 forex pairs and 450 CFDs
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
- Intuitively designed mobile trading app and desktop trading platforms
- MetaTrader 4 integration
Cons
- High minimum deposit ($500)
- Trading signals aren’t as accurate as other signal providers
- MetaTrader 5 and Expert Advisors not supported
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- Access to 450 tradable symbols
- MT4 Compatibility
- Access to trading signals, trading strategies, and daily market analysis
- Cryptocurrency trading
- CySEC and FSA-regulated
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
Alvexo vs. Saxo Bank Comparison
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Alvexo
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 400:1 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 10 EUR after 3 months | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.8 | 1 |
| Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 5.5 | $0.60 |
| Crypto | 0 | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $500.00 | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 30.000 |
| ETF & Funds | 0 | 5.800 |
| Crypto | 0 | 9 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 3.000 |
| Futures | 0 | 300 |
| Bonds | 0 | 4.200 |
| Forex Instruments | 58 | 200 |
| CFD Indices & Funds | 15 | 50 |
| CFD Stocks | 350 | 19.000 |
| CFD Commodities | 12 | 50 |
| CFD Crypto | 24 | 0 |
| CFD Bonds | 2 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Alvexo vs. Saxo Bank Comparison Conclusion
The results of our contrast of Alvexo vs. Saxo Bank are involved the table listed below.
| Broker: | Best For: |
| Alvexo | Forex and CFD trading |
| Saxo Bank | Premium Trades and CFD Trading |
Selecting the right selection between Alvexo and Saxo Bank can be challenging. Both on-line brokers have resemblances yet vary regarding trading instruments, platforms & apps, guideline, deposit & withdrawals, and research study and education and learning. Picking the best broker depends upon customers’ trading & investment objectives, specific preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.