Lightspeed vs. Saxo Bank Comparison

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-logo

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 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

  • 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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Saxo

Saxo Bank

Open account Read review

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

BROKER COMPARISON

lightspeed-logo
Saxo

Overall rating

4,0/5

4,9/5

Overall rating

4,0/5

4,9/5

Trading Platform & Tools

3.8

4.9

See details
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

4.1

4.7

See details
Withdrawal Fee $50 per transaction 0
Deposit Fee 0 0
Inactivity Fee $25 if no trading in previous year $100 / 6months
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 $1
CFD (Gold) 0 $0.60
Crypto 0 0
Options $0.60 per contract $1.25
Conversion Fees 0 0,75%
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

4.7

See details
Minimum deposit (in UAE) $10,000.00 $2000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

4.9

See details
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 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

4.2

4.8

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

Customer Support

4.2

4.9

See details
Email
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:
LightspeedStocks, futures and options; High volume traders
Saxo BankPremium 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.

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