Olymp Trade vs. Saxo Bank Comparison

This comparison guide assists individuals that struggle to choose between Olymp Trade and Saxo Bank to find the best online broker for their trading and investment requirements. It assesses the main features of both brokers alongside to assist customers contrast their solution and make a notified decision.

To help customers choose the ideal broker in between Olymp Trade and Saxo Bank to discover the best-suited platform, listed below is a listing of broker’s pros and cons, adhered to by a contrast of their primary trading attributes, consisting of trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, policy, and consumer assistance.

Olymp Trade vs. Saxo Bank: Summary

Olymp-Trade-logo

Olymp Trade is a multinational binary options broker based in Saint Vincent and the Grenadines. It is not regulated by any tier-one regulator and is not considered safe. Users can trade on various markets, including 35 forex pairs, 12 cryptocurrencies, 10 indices, 4 metals, 2 energies, and 12 stocks. Additionally, users can invest in stocks or speculate on options.

Olymp Trade trading fees are above average compared to similar brokers from the industry, like IQ Option and AvaTrade. They charge low spreads from 0.8 pips EUR/USD and $4 commission per lot on its ECN accounts. Payouts on options are 86.5%. The broker doesn’t charge non-trading or inactivity fees.

Olymp Trade’s customer support is available through email and live chat.

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

  • Low minimum deposit ($10)
  • Competitive forex spreads (0.8 pips EUR/USD)
  • Compatibility with MT4 and TradingView
  • Broad range of financial instruments
  • High payouts on options (86.5%)

Cons

  • Higher account tiers come with more benefits
  • Non-transparent overnight fees and margin requirements
  • Limited advanced charting and trading tools

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 65 + forex currency pairs
  • Compatibility with MT4 and TradingView
  • Zero commission stock trading
  • Wide range of available payment methods
  • Low trading fees and high binary option payouts
  • Bonuses of up to 100%

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

Olymp Trade 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

Olymp-Trade-logo
Saxo

Overall rating

2,9/5

4,9/5

Overall rating

2,9/5

4,9/5

Trading Platform & Tools

2.8

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 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

3.5

4.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.1 1
Stocks & ETF 0 0.08% with $1 min. commission on US stocks
CFD (Gold) 20 $0.60
Crypto 0 0
Options 0 $0.75
Conversion Fees 0 0,75%
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.5

4.7

See details
Minimum deposit (in UAE) $10.00 $5000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

4.9

See details
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 39 200
CFD Indices & Funds 21 50
CFD Stocks 40 19.000
CFD Commodities 6 50
CFD Crypto 21 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

2

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.2

4.8

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

Customer Support

3.2

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Olymp Trade vs. Saxo Bank Comparison Conclusion

The results of our comparison of Olymp Trade vs. Saxo Bank are wrapped up in the table below.

Broker:Best For:
Olymp TradeBinary Options
Saxo BankPremium Trades and CFD Trading

Picking the ideal selection in between Olymp Trade and Saxo Bank can be difficult. Both on-line brokers have similarities yet vary pertaining to trading instruments, platforms & apps, law, deposit & withdrawals, and study and education. Choosing the most effective broker depends on individuals’ trading & investment objectives, specific preferences, 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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