Charles Schwab vs. Saxo Bank Comparison

This comparison guide aids customers who battle to choose between Charles Schwab and Saxo Bank to find the most effective online broker for their trading and financial investment needs. It examines the highlights of the two brokers side by side to assist customers contrast their solution and make an informed decision.

To aid users pick the best broker between Charles Schwab and Saxo Bank to discover the best-suited platform, below is a listing of broker’s pros and cons, complied with by a comparison of their major trading features, consisting of trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, guideline, and client assistance.

Charles Schwab vs. Saxo Bank: Summary

Charles Schwab logo

Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.

Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.

Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.

Charles Schwab’s customer support is available by phone, email and live chat 24/7.

Saxo Bank logo

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

  • Low minimum deposit ($0)
  • $0 commission stock, ETF and mutual funds
  • Excellent research tools and education materials
  • Responsive customer support with 24/7 access
  • Fast & reliable trade execution 

Cons

  • Limited beginner features 
  • Expensive managed accounts and financial advice 

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

  • $0 commission stock and ETF trading 
  • Access to over 3,000 US stocks
  • Multiple advanced order types 
  • In-house reports from Morningstar and Credit Suisse
  • Google Assistant Integration
  • Robo-advisor and financial advisors available

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

Charles Schwab vs. Saxo Bank Comparison

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Charles Schwab logo

Charles Schwab

Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Charles Schwab logo
Saxo

Overall rating

4,1/5

4,9/5

Overall rating

4,1/5

4,9/5

Trading Platform & Tools

4.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 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

5.0

4.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1
Stocks & ETF 0 0.08% with $1 min. commission on US stocks
CFD (Gold) 0 $0.60
Crypto 0 0
Options US$0.65 per options contract $0.75
Conversion Fees 0,75%
Misc. Fees 0
Overnight Fees

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

4.7

See details
Minimum deposit (in UAE) $25.000 $5000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.9

See details
Shares 11.438 30.000
ETF & Funds 2.600 5.800
Crypto 0 9
Commodities 0 0
Indices 0 0
Options 8 exchanges 3.000
Futures 8 exchanges 300
Bonds 36.000 4.200
Forex Instruments 0 200
CFD Indices & Funds 0 50
CFD Stocks 0 19.000
CFD Commodities 0 50
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Charles Schwab vs. Saxo Bank Comparison Conclusion

The outcomes of our comparison of Charles Schwab vs. Saxo Bank are involved the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
Saxo BankPremium Trades and CFD Trading

Selecting the appropriate selection between Charles Schwab and Saxo Bank can be challenging. Both online brokers have resemblances but vary pertaining to trading tools, platforms & applications, law, deposit & withdrawals, and research and education. Choosing the best broker depends upon individuals’ trading & financial investment goals, private choices, 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.

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