Saxo Bank vs. Degiro

Comparison: Saxo Bank vs. Degiro – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.

Winner of this comparison: Saxo Bank with an overall rating of 45%

Saxo Bank vs. Degiro

Basic information

Basic information
Saxo Bank Degiro
Deposit 2000 EUR/USD 100 EUR/USD
Spreads 2 EUR/USD *The value is indicative from the broker's website. The spread amount is variable.
Established 1992 2008
Currency Pairs (Total Forex pairs) 182 9
Country Denmark, UK Germany
Regulation FCA (UK), ASIC (Australia), Cysec Authorised in the European Union (EU)
Trading app Web Platform Web Platform
Number of CFD asset classes 5 2
Broker type ECN, STP ECN, STP
Support Phone, Mail, Chat Phone, Mail
Funding methods * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire * Some of the payment methods may not be available in your country. Bank Wire
Real Stocks and ETFs Yes Yes

*The value is indicative from the broker's website. The spread amount is variable.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Comparison Result

In terms of overall rating, both brokers are equal – both have 45%. Saxo Bank requires a minimum deposit of 2000 EUR/USD, while Degiro sets it at 100 EUR/USD. Conversely, Degiro scores with a lower minimum deposit. For Saxo Bank, the spread is 2 EUR/USD, while for Degiro it is 0 EUR/USD. Lower spreads at Degiro give it the edge. Saxo Bank offers 182 forex pairs, while Degiro provides 9. A wider selection gives Saxo Bank the advantage. Saxo Bank was founded in 1992, while Degiro 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 Degiro has 1. More regulations at Saxo Bank enhance its trustworthiness. Saxo Bank supports 1 platforms, while Degiro offers 1. In terms of platform count, both are on the same level.
45%
Saxo Bank
23%
Degiro

Key Strengths

Saxo Bank
  • Fully licensed European company with strong backing
  • More suitable for professional traders
  • Proprietary trading platforms
  • Competitive trading spreads
  • Really large number of trading instruments
Degiro

Comparison by Categories

  1. Investments 62 25
  2. Cost 80 80
  3. Trading app 14 14
  4. Trading Tools 100 60
  5. Research 83 33
  6. Education 67 33
  7. Forex 100 0
  8. Commodities 36 0
  9. Indicies 100 100
  10. Cryptocurrencies 0 0
  11. Regulations 50 17
  12. Support 100 67
  13. Overall 45 23

Comprehensive Comparison: Saxo Bank vs Degiro

Saxo Bank
Degiro

Investments

62 % 25 %
Investments
Investments Saxo BankDegiro
Currency Pairs (Total Forex pairs) 182 9
CFDs – Total Offered 201+ 0
Options CFD No Yes
Share CFDs Yes No
Forex CFD Yes No
Commodities CFD Yes No
ETF CFD Yes Yes
Indicies CFD Yes No
Cryptocurrency traded as actual No No
Cryptocurrency traded as CFD No No

Cost

80 % 80 %
Cost
Cost Saxo BankDegiro
Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 2 0
Deposit from 2000 100
Account fee No No
Inactivity fee Yes Yes
Active Trader or VIP Discounts No No
Withdrawal fees No No
Deposit fees No No

Trading app

14 % 14 %
Trading app
Trading app Saxo BankDegiro
Desktop Platform (Windows) No No
Web Platform Yes Yes
Social Trading / Copy-Trading No No
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
Currenex No No
cTrader No No

Trading Tools

100 % 60 %
Trading Tools
Trading Tools Saxo BankDegiro
Financial leverage Yes Yes
Virtual Trading (Demo) Yes Yes
Alerts – Basic Fields Yes No
Charting – Indicators / Studies (Total) Yes Yes
Charting – Drawing Tools (Total) Yes Yes
Charting – Trade From Chart Yes Yes
Stop-Loss Yes Yes
Finacial Calendar Yes No
Daily financial news Yes No
Order Type – Trailing Stop Yes No

Research

83 % 33 %
Research
Research Saxo BankDegiro
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Weekly Webinars Yes No
Social Sentiment – Currency Pairs No No
Economic Calendar Yes No
Research Yes Yes

Education

67 % 33 %
Education
Education Saxo BankDegiro
Has Education – Forex Yes No
Has Education – CFDs Yes No
Client Webinars Yes No
Videos – Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Education No Yes

Forex

100 % 0 %
Forex
Forex Saxo BankDegiro
GBP/USD Yes No
USD/JPY Yes No
EUR/USD Yes No
USD/CHF Yes No
USD/CAD Yes No
NZD/USD Yes No
AUD/USD Yes No

Commodities

36 % 0 %
Commodities
Commodities Saxo BankDegiro
Gold Yes No
Silver Yes No
WIT Oil Yes No
Brent Oil Yes No
Coffee No No
Cocoa No No
Soybeans No No
Rice No No
Corn No No
Platinum No No
Palladium No No

Indicies

100 % 100 %
Indicies
Indicies Saxo BankDegiro
DAX 40 Yes Yes
S&P 500 Yes Yes
Nasdaq Yes Yes
Dow Jones Yes Yes
Nikkei Yes Yes

Cryptocurrencies

0 % 0 %
Cryptocurrencies
Cryptocurrencies Saxo BankDegiro
Bitcoin No No
Litecoin No No
Ethereum No No
Ripple No No
Neo No No
Stellar No No
Cardano No No
Tron No No
Monero No No
EOS No No

Regulations

50 % 17 %
Regulations
Regulations Saxo BankDegiro
Cysec Yes No
ASIC (Australia) Yes No
FCA (UK) Yes No
Authorised in the European Union (EU) No Yes
CFTC Registered (USA) No No
FINMA (Switzerland) No No

Support

100 % 67 %
Support
Support Saxo BankDegiro
Chat Yes No
Phone Yes Yes
Mail Yes Yes

Overall

45 % 23 %
Overall
Overall Saxo BankDegiro

Our Recommendations

Best for Saxo Bank

Thanks to comprehensive educational materials and a user-friendly platform, Saxo Bank is an ideal choice for new traders.

Best Platform

Both brokers offer excellent trading platforms with similar features and user-friendliness.

Lowest Costs

Both brokers have comparable fee structures and spreads.

Saxo Bank Degiro