This comparison overview assists individuals that have a hard time to select in between Lightspeed and Saxo Bank to locate the best online broker for their trading and investment needs. It examines the highlights of the two brokers alongside to aid users contrast their service and make an educated choice.
To help users pick the best broker between Lightspeed and Saxo Bank to locate the best-suited platform, below is a list of broker’s advantages and disadvantages, complied with by a contrast of their major trading attributes, consisting of trading systems & tools, fees, mobile trading, deposit & withdrawal, assets, regulation, and customer assistance.
Lightspeed vs. Saxo Bank: Summary
Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.
Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.
Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.
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
- Great choice of different trading platforms
- Wide range of stocks, options and features
- Responsive customer support
- Competitive pricing on higher volume
Cons
- High minimum deposit requirement
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 over 10,000 different stocks, ETFs, options, and futures
- Trading fee discounts for active stock and ETF traders
- Broad range of risk management tools and third-party software
- Extensive education section with live webinars, trading courses, and and blog
- Level 2 order book information and dynamic charting features
- Fast order routing
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
Lightspeed vs. Saxo Bank Comparison
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Lightspeed
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 | 6:1 | 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 | $50 per transaction | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $25 if no trading in previous year | |
| Cost Per Trade | $4.50 | 0 |
| Cost Per Month | Yes, depending the platform | 0 |
| Forex (EUR/USD) | 0 | 1 |
| Stocks & ETF | $0.0045 per share | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 0 | $0.60 |
| Crypto | 0 | 0 |
| Options | $0.60 per contract | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10,000.00 | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 4 markets | 30.000 |
| ETF & Funds | 4 markets | 5.800 |
| Crypto | 0 | 9 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 8 markets | 3.000 |
| Futures | 9 markets | 300 |
| Bonds | 0 | 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 |
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
Lightspeed vs. Saxo Bank Comparison Conclusion
The results of our contrast of Lightspeed vs. Saxo Bank are involved the table below.
| Broker: | Best For: |
| Lightspeed | Stocks, futures and options; High volume traders |
| Saxo Bank | Premium Trades and CFD Trading |
Picking the best choice in between Lightspeed and Saxo Bank can be difficult. Both on the internet brokers have resemblances however differ pertaining to trading tools, systems & apps, regulation, down payment & withdrawals, and research study and education and learning. Selecting the best broker depends upon customers’ trading & investment goals, individual 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.