Page Summary
Saxo Bank is a popular online broker with premium trading platforms. It has a transparent fee structure and top-tier trading tools. We recommend it for advanced traders, but it suits the needs of beginners, too.
Broker Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars | 4.5 stars |
| Mobile platform score | 5.0 stars | 4.7 stars | 3.8 stars |
| Fees | Average | High | Low |
| Account opening score | 2.5 stars | 4.0 stars | 2.8 stars |
| Education score | 4.5 stars | 5.0 stars | 2.5 stars |
| Customer service score | 4.0 stars | 4.4 stars | 4.0 stars |
| Deposit and withdrawal score | 4.8 stars | 4.6 stars | 3.5 |
This article discusses whether Saxo Bank is a good choice for new investors.
Saxo Bank & Beginner-friendly Services
We review online brokers based on 105 criteria. Our findings depend on many factors, including ease of access, platforms, and safety.
Saxo Bank has impressive tools and platforms tailored for professional investors. However, it offers access to beginner-friendly platforms with safe authentication. Saxo Bank also provides educational tools for beginners. The minimum deposit fee is $10,000, which might be too expensive for new traders.
Saxo Bank offers professional tools and platforms. It has some research materials and advanced trading videos. Saxo Bank offers one-on-one consultations with company fund managers.
Safety
Safety is an important aspect we review. Saxo Bank has top-tier licenses from the ASIC, FSA, FINMA, MAS, SFC, and FCA. It offers access to secure authentication methods and platforms.
Final Verdict
Saxo Bank is a popular online broker recommended for professional traders. It has easy-to-use trading platforms with premium features and tools. Read our in-depth reviews to discover more about Saxo Bank and its services.
Saxo Bank compared to other brokers:
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- Saxo Bank App
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- Is Saxo Bank Legit?
- Saxo Bank Account Opening
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- Is Saxo Bank Free?
- Is Saxo Bank Good For Beginners?
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.