Plus500 vs. Saxo Bank Comparison

This contrast overview assists individuals that battle to choose in between Plus500 and Saxo Bank to find the most effective online broker for their trading and financial investment needs. It evaluates the highlights of the two brokers alongside to help customers compare their solution and make a notified decision.

To assist customers choose the best broker between Plus500 and Saxo Bank to find the best-suited system, listed below is a listing of broker’s advantages and disadvantages, followed by a contrast of their major trading attributes, consisting of trading systems & devices, charges, mobile trading, deposit & withdrawal, properties, policy, and consumer support.

Plus500 vs. Saxo Bank: Summary

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, 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 ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

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 3,000 CFDs
  • Beginner-friendly trading platform and mobile app
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

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

Plus500 vs. Saxo Bank Comparison

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Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

Saxo

Saxo Bank

Open account Read review

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

BROKER COMPARISON

Plus 500 logo
Saxo

Overall rating

3,7/5

4,9/5

Overall rating

3,7/5

4,9/5

Trading Platform & Tools

3.3

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:30 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 $100 / 6months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 pips 1
Stocks & ETF 0 $1
CFD (Gold) 7.2 pips $0.60
Crypto 0 0
Options 0 $1.25
Conversion Fees 0,75%
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.1

4.7

See details
Minimum deposit (in UAE) $100 $2000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

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
CFDs on Forex 60 200
CFD Indices & Funds 430 50
CFD Stocks 1000 19.000
CFD Commodities 22 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

2.1

4.8

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

Customer Support

4.5

4.9

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

Winner

Plus500 vs. Saxo Bank Comparison Conclusion

The outcomes of our comparison of Plus500 vs. Saxo Bank are wrapped up in the table below.

Broker:Best For:
Plus500CFD trading and investing
Saxo BankPremium Trades and CFD Trading

Selecting the right option in between Plus500 and Saxo Bank can be challenging. Both on-line brokers have similarities however vary concerning trading tools, systems & apps, policy, down payment & withdrawals, and research study and education. Picking the most effective broker depends on individuals’ trading & 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.

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