This contrast overview assists users who struggle to choose between ETX Capital and Saxo Bank to locate the best online broker for their trading and investment demands. It analyzes the highlights of both brokers side-by-side to assist individuals contrast their solution and make an informed decision.
To help users choose the ideal broker between ETX Capital and Saxo Bank to find the best-suited platform, below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their main trading functions, including trading platforms & devices, fees, mobile trading, deposit & withdrawal, assets, guideline, and client assistance.
ETX Capital vs. Saxo Bank: Summary
ETX Capital is a UK based brokerage firm founded in 1965. It offers access to over 6000 tradable instruments including shares, forex, commodities, crypto and CFDs. ETX Capital offers a variety of trading platforms and features including a pro version platform, copy trading app and MT4 integration.
ETX Capital charges competitive trading fees and offers multiple advanced order types including GTC, GSLO, and OCO.
ETX Capital customer service is available 24-7 through email, live chat, and phone.
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 spreads from 0.6 pips EUR/USD
- Compatibility with MT4
- Great choice of different trading platforms (desktop and mobile)
- Fast account opening
- Very good for Research and Education
Cons
- The offer (and choice) of trading instrument could be better
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
- Low overall trading fees
- Compatibility with MT4
- Wide range of educational materials
- Low, floating spreads
- Advanced order types
- Free unlimited demo trading 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
ETX Capital vs. Saxo Bank Comparison
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ETX Capital
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 | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1 |
| Stocks & ETF | 0.4 pips | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 0.4 pips | $0.60 |
| Crypto | Variable | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0,75% | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $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 | 62 | 200 |
| CFD Indices & Funds | 30 | 50 |
| CFD Stocks | 5000 | 19.000 |
| CFD Commodities | 29 | 50 |
| CFD Crypto | 4 | 0 |
| CFD Bonds | 11 | 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
ETX Capital vs. Saxo Bank Comparison Conclusion
The results of our comparison of ETX Capital vs. Saxo Bank are involved the table below.
| Broker: | Best For: |
| ETX Capital | Forex and CFD trading |
| Saxo Bank | Premium Trades and CFD Trading |
Selecting the right option in between ETX Capital and Saxo Bank can be challenging. Both online brokers have resemblances however vary regarding trading instruments, systems & apps, law, deposit & withdrawals, and study and education and learning. Selecting the best broker depends upon users’ trading & financial investment goals, individual 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.