This comparison guide helps individuals that battle to choose between Finq.com and Saxo Bank to find the very best online broker for their trading and financial investment requirements. It evaluates the highlights of the two brokers side by side to help customers contrast their solution and make an informed decision.
To aid individuals pick the ideal broker in between Finq.com and Saxo Bank to locate the best-suited system, listed below is a listing of broker’s advantages and disadvantages, complied with by a comparison of their major trading functions, including trading systems & tools, charges, mobile trading, down payment & withdrawal, properties, policy, and customer support.
Finq.com vs. Saxo Bank: Summary
Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.
Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.
Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp 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
- Low minimum deposit ($100)
- Competitive spread from 0.14 pips (EUR/USD)
- No hidden fees
- Up to $4,000 welcome bonus for new traders
- $10,000 free demo account
Cons
- Limited regulation
- High minimum deposit of $100
- Lacks educational material and research resources
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
- Competitive trading fees
- Compatibility with MT4 and TradingCentral
- Access to over 2,100 financial instruments
- Free demo account availability
- Fast registration and KYC on-boarding process
- 24/5 support in English and Arabic
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
Finq.com vs. Saxo Bank Comparison
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Finq.com
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 | 300:1 | 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 | $50 if no trades after 3 months | |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 0.8 | 1 |
Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
CFD (Gold) | 0.3 | $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) | $100.00 | $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 | 55 | 200 |
CFD Indices & Funds | 50 | 50 |
CFD Stocks | 2000 | 19.000 |
CFD Commodities | 19 | 50 |
CFD Crypto | 4 | 0 |
CFD Bonds | 5 | 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
Finq.com vs. Saxo Bank Comparison Conclusion
The results of our comparison of Finq.com vs. Saxo Bank are involved the table below.
Broker: | Best For: |
Finq.com | CFD Trading With Welcome Bonuses |
Saxo Bank | Premium Trades and CFD Trading |
Picking the appropriate selection between Finq.com and Saxo Bank can be difficult. Both on-line brokers have similarities but differ concerning trading tools, systems & applications, guideline, deposit & withdrawals, and research study and education. Selecting the most effective broker relies on users’ trading & financial investment goals, private choices, and experience degree.
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.