Saxo Bank vs. TradeStation Comparison

This comparison guide helps users that struggle to select between Saxo Bank and TradeStation to discover the very best online broker for their trading and investment requirements. It examines the highlights of the two brokers alongside to aid users contrast their solution and make a notified decision.

To aid individuals choose the right broker in between Saxo Bank and TradeStation to find the best-suited system, listed below is a list of broker’s benefits and drawbacks, followed by a contrast of their main trading attributes, consisting of trading platforms & tools, costs, mobile trading, deposit & withdrawal, properties, regulation, and client support.

Saxo Bank vs. TradeStation: Summary

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.

Tradestation Global logo

Tradestation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs.

Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).

Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO). Minimum deposit is $2000 and there are no monthly charges.

TradeStation’s customer support is available by phone, email and live chat in English and Arabic.

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)
  • 0% commission stock and ETF fees
  • Extensive charting tools and features
  • Fast and reliable order execution
  • Trading automatisation capabilities
  • Vast stock scanning tools

Cons

  • Research and education section could be better

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

  • $0 commission/stock trades(up to 15,000 shares)
  • Vast market coverage(5,000 international stocks and ETFs)
  • Fast and reliable order execution
  • Great Fundamental Research and Analysis Tools
  • Extensive Charting Tools and Features
  • Access To Back-Testing and Automated Trading

Saxo Bank vs. TradeStation Comparison

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Compare brokers
Saxo

Saxo Bank

Open account Read review

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

Tradestation Global logo

TradeStation

BROKER COMPARISON

Saxo
Tradestation Global logo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:4
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

4.8

See details
Withdrawal Fee 0 $35
Deposit Fee 0 0
Inactivity Fee
Cost Per Trade 0 0
Cost Per Month 0 $4
Forex (EUR/USD) 1 0.6 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks $0.007 per share
CFD (Gold) $0.60 0
Crypto 0 0
Options $0.75 $5 + £0.60 per contract
Conversion Fees 0,75%
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

4.9

See details
Minimum deposit (in UAE) $5000 $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account)
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

5.0

See details
Shares 30.000 5 markets
ETF & Funds 5.800 2300
Crypto 9 11
Commodities 0 0
Indices 0 0
Options 3.000 10 Markets
Futures 300 11 Markets
Bonds 4.200 630
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 1

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.8

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

Customer Support

4.9

5.0

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

Winner

Saxo Bank vs. TradeStation Comparison Conclusion

The results of our comparison of Saxo Bank vs. TradeStation are involved the table listed below.

Broker:Best For:
Saxo BankPremium Trades and CFD Trading
TradeStationStock trading; Active traders

Selecting the ideal selection between Saxo Bank and TradeStation can be hard. Both on the internet brokers have similarities yet vary concerning trading instruments, systems & applications, law, deposit & withdrawals, and study and education. Choosing the very best broker relies on users’ trading & financial investment objectives, specific 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.

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