Saxo Bank vs. Plus500

Winner of the comparison

If you don’t want to read the full comparison, the winner of our review is Plus500, which takes the lead with a rating of 59%, while Saxo Bank only reaches 45%. Saxo Bank requires a minimum deposit of 2000 EUR/USD, while Plus500 sets it at 100 EUR/USD. Conversely, Plus500 scores with a lower minimum deposit. For Saxo Bank, the spread is 2 EUR/USD, while for Plus500 it is 1 EUR/USD. Lower spreads at Plus500 give it the edge. Saxo Bank offers 182 forex pairs, while Plus500 provides 70. A wider selection gives Saxo Bank the advantage. Saxo Bank was founded in 1992, while Plus500 has been operating since 2008. The longer tradition of Saxo Bank means greater experience. Both brokers allow trading with real stocks. Saxo Bank is overseen by 3 regulatory bodies, while Plus500 has 5. Stricter oversight at Plus500 gives it an advantage. Saxo Bank supports 1 platforms, while Plus500 offers 1. In terms of platform count, both are on the same level.