This comparison guide aids users who struggle to pick in between Saxo Bank and TastyTrade to locate the very best online broker for their trading and financial investment demands. It evaluates the main features of the two brokers alongside to help customers compare their solution and make an informed decision.
To help users select the ideal broker between Saxo Bank and TastyTrade to discover the best-suited platform, below is a list of broker’s advantages and disadvantages, followed by a comparison of their main trading attributes, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, properties, policy, and customer support.
Saxo Bank vs. TastyTrade: Summary
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.
TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.
TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.
The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.
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
Pros
- Low minimum deposit ($0)
- Wide range of futures and options
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials
Cons
- No fractional shares available
- Limited instruments compared to other brokers
- High margin rates required
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
Key features
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
- Multiple advanced order types available (good until canceled and good until date)
- Free monthly portfolio analysis
- Support for Expert Advisors and other automated trading software
Saxo Bank vs. TastyTrade Comparison
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
Tastytrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 5:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | 0 |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 0 |
| Crypto | 0 | 1% open 1% close (max $10 each way) |
| Options | $0.75 | $1 per contract |
| Conversion Fees | 0,75% | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 2400 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 25 |
| Commodities | 0 | 0 |
| Indices | 0 | 7 |
| Options | 3.000 | 0 |
| Futures | 300 | 83 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 0 |
| CFD Indices & Funds | 50 | 0 |
| CFD Stocks | 19.000 | 0 |
| CFD Commodities | 50 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | Spanish | |
| Personal Account Manager |
Winner
Saxo Bank vs. TastyTrade Comparison Conclusion
The outcomes of our contrast of Saxo Bank vs. TastyTrade are wrapped up in the table below.
| Broker: | Best For: |
| Saxo Bank | Premium Trades and CFD Trading |
| TastyTrade | Options Trading |
Picking the appropriate option in between Saxo Bank and TastyTrade can be difficult. Both on the internet brokers have resemblances yet vary concerning trading instruments, platforms & applications, regulation, down payment & withdrawals, and research and education and learning. Picking the best broker depends upon individuals’ trading & investment objectives, individual choices, and experience level.
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.