Page Summary
The minimum initial deposit helps you decide which brokerage firm suits your needs best. Saxo Bank has a high minimum deposit fee, so it is recommended for active traders and professional investors.
Minimum Deposit Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Minimum deposit | $2,000 | $0 | $1,000 |
Fees & Funding Options
The minimum deposit at Saxo Bank is $2,000. The minimum deposit refers to the fact that you’ll have to transfer this amount to your brokerage account to start trading. The main funding options available at Saxo Bank are credit/debit cards and bank deposits.
Fees & Funding Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No |
| Electronic wallets | No | No | No |
The average transfer time for bank transfers is 2 to 3 days. Credit/debit card funding is instant. The funding process at Saxo Bank is straightforward to perform.
Currencies
All brokerage accounts have a base currency. The number of base currencies at Saxo Bank is 26. You’ll have to pay a conversion fee if you transfer funds in a currency different from the base currency of your Saxo Bank account. The best choice is to save money on conversion fees with a multi-currency digital bank account.
Currencies Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Number of base currencies | 26 | 21 | 22 |
Sending The Minimum Deposit
Funding your Saxo Bank brokerage account is user-friendly. All you have to do is follow the steps below:
- Create a brokerage account;
- Verify your information;
- Log in to your account and select a funding option;
- Verify the funding transaction;
- Initiate the funding process.
Final Verdict
Saxo Bank is a professional online broker with a high minimum initial deposit fee. The funding process is straightforward. Read about the funding process at Saxo Bank in our in-depth reviews.
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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.