Page Summary
The account opening process at Saxo Bank is user-friendly and fully online. Saxo Bank is a leading online broker for professional investors. It offers an impressive portfolio with web, desktop, and mobile trading platforms.
Account Opening Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Rating | 2.5 stars | 4.0 stars | 2.8 stars |
| Account opening time | >3 days | 1 day | 1 day |
This article discusses the Saxo Bank account opening characteristics.
Availability
The primary aspect to consider when selecting an online broker is availability. Saxo Bank is available in 15 countries, including the United Arab Emirates and the United Kingdom.
Requirements
Saxo Bank has transparent account opening requirements. To open a brokerage account with this broker, you’ll have to submit proof of identity and proof of residency. The process is fully digital and available on Saxo Bank’s website.
When registration is complete, you’ll have to pay a minimum initial deposit fee. Saxo Bank has a high minimum deposit amount of $2,000. Initial costs vary depending on the funding method you choose. Check our in-depth reviews to learn about the services available at Saxo Bank.
Minimum Deposit Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Minimum deposit | $2,000 | $0 | $1,000 |
Accounts
A secure and reliable online broker provides access to many account tiers. Saxo Bank has a versatile offer for traders at all levels of experience. The main advantage of trading with this broker is that its accounts are available in 26 different base currencies. Read our in-depth reviews to discover more about Saxo Bank accounts and fees.
Base Currencies Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Base currencies | 26 | 21 | 22 |
Opening accounts
Opening an account at Saxo Bank is fully digital and simple. You have to select a brokerage account, submit your personal information and proof of identity. After you review the information, you’ll have to sign a virtual contract. As soon as the broker checks your account, you will make the initial deposit and start trading.
Final Word
Saxo Bank is a top choice for professional investors who want a premium online trading experience. It has a straightforward account opening process. Read our in-depth reviews to discover more about Saxo Bank.
Saxo Bank compared to other brokers:
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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. 74% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.