Swissquote vs. Saxo Bank

Comparison: Swissquote vs. Saxo Bank – Which broker is better? A quick comparison based on the trading platform, fees, deposit or withdrawal options, and regulation in 2026.

Winner of this comparison: Swissquote with an overall rating of 47%

Swissquote vs. Saxo Bank
Swissquote
Saxo Bank

Basic information

Deposit
1000 EUR/USD
2000 EUR/USD
Spreads
3 EUR/USD
2 EUR/USD
Established
1996
1992
Currency Pairs (Total Forex pairs)
78
182
Country
Switzerland, UK
Denmark, UK
Regulation
FCA (UK), Cysec
FCA (UK), ASIC (Australia), Cysec
Trading app
MetaTrader 4 (MT4), Web Platform, MetaTrader 5 (MT5)
Web Platform
Number of CFD asset classes
7
5
Broker type
MM
ECN, STP
Support
Phone, Mail, Chat
Phone, Mail, Chat
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. Visa/Mastercard, Bank Wire
Real Stocks and ETFs
Yes
Yes

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

Comparison Result

In terms of overall rating, both brokers are equal – both have 47%. Swissquote requires a minimum deposit of 1000 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, Swissquote is more welcoming to traders with smaller budgets. For Swissquote, the spread is 3 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Lower spreads at Saxo Bank give it the edge. Swissquote offers 78 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. Swissquote was founded in 1996, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. Both brokers allow trading with real stocks. Swissquote is overseen by 2 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. Swissquote supports 3 platforms, while Saxo Bank offers 1. A greater choice of platforms gives Swissquote the lead.
47%
Swissquote
45%
Saxo Bank

Key Strengths

Swissquote
  • Long-term existence and credibility: Swissquote was founded in 1996 and is publicly traded on the SIX exchange. It is regulated in five Tier-1 jurisdictions.
  • Multi-asset offering: Swissquote allows trading with over 3 million financial products, including stocks, options, futures, ETFs, and structured products.
  • Choice of trading platforms: The broker offers access to the MetaTrader platform, including additional add-ons such as MetaTrader Master Edition. Additionally, it has its own CFXD platform with TradingView charts.
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

Comparison by Categories

  1. Investments 88 62
  2. Cost 80 80
  3. Trading app 43 14
  4. Trading Tools 100 100
  5. Research 33 83
  6. Education 100 67
  7. Forex 100 100
  8. Commodities 27 36
  9. Indicies 100 100
  10. Cryptocurrencies 30 0
  11. Regulations 33 50
  12. Support 100 100
  13. Overall 47 45

Comprehensive Comparison: Swissquote vs Saxo Bank

Swissquote
Saxo Bank

Investments

88 % 62 %
Currency Pairs (Total Forex pairs)
78
182
CFDs – Total Offered
150+
201+
Options CFD
Yes
No
Share CFDs
Yes
Yes
Forex CFD
Yes
Yes
Commodities CFD
Yes
Yes
ETF CFD
Yes
Yes
Indicies CFD
Yes
Yes
Cryptocurrency traded as actual
Yes
No
Cryptocurrency traded as CFD
No
No
Winner
No
No

Cost

80 % 80 %
Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable.
3
2
Deposit from
1000
2000
Account fee
No
No
Inactivity fee
Yes
Yes
Active Trader or VIP Discounts
No
No
Withdrawal fees
No
No
Deposit fees
No
No
Winner
No
No

Trading app

43 % 14 %
Desktop Platform (Windows)
No
No
Web Platform
Yes
Yes
Social Trading / Copy-Trading
No
No
MetaTrader 4 (MT4)
Yes
No
MetaTrader 5 (MT5)
Yes
No
Currenex
No
No
cTrader
No
No
Winner
No
No

Trading Tools

100 % 100 %
Financial leverage
Yes
Yes
Virtual Trading (Demo)
Yes
Yes
Alerts – Basic Fields
Yes
Yes
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
Yes
Daily financial news
Yes
Yes
Order Type – Trailing Stop
Yes
Yes
Winner
No
No

Research

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

Education

100 % 67 %
Has Education – Forex
Yes
Yes
Has Education – CFDs
Yes
Yes
Client Webinars
Yes
Yes
Videos – Advanced Trading Videos
Yes
Yes
Investor Dictionary (Glossary)
Yes
No
Education
Yes
No
Winner
No
No

Forex

100 % 100 %
GBP/USD
Yes
Yes
USD/JPY
Yes
Yes
EUR/USD
Yes
Yes
USD/CHF
Yes
Yes
USD/CAD
Yes
Yes
NZD/USD
Yes
Yes
AUD/USD
Yes
Yes
Winner
No
No

Commodities

27 % 36 %
Gold
Yes
Yes
Silver
Yes
Yes
WIT Oil
Yes
Yes
Brent Oil
No
Yes
Coffee
No
No
Cocoa
No
No
Soybeans
No
No
Rice
No
No
Corn
No
No
Platinum
No
No
Palladium
No
No
Winner
No
No

Indicies

100 % 100 %
DAX 40
Yes
Yes
S&P 500
Yes
Yes
Nasdaq
Yes
Yes
Dow Jones
Yes
Yes
Nikkei
Yes
Yes
Winner
No
No

Cryptocurrencies

30 % 0 %
Bitcoin
Yes
No
Litecoin
Yes
No
Ethereum
Yes
No
Ripple
No
No
Neo
No
No
Stellar
No
No
Cardano
No
No
Tron
No
No
Monero
No
No
EOS
No
No
Winner
No
No

Regulations

33 % 50 %
Cysec
Yes
Yes
ASIC (Australia)
No
Yes
FCA (UK)
Yes
Yes
Authorised in the European Union (EU)
No
No
CFTC Registered (USA)
No
No
FINMA (Switzerland)
No
No
Winner
No
No

Support

100 % 100 %
Chat
Yes
Yes
Phone
Yes
Yes
Mail
Yes
Yes
Winner
No
No

Overall

47 % 45 %
Winner
No
No

Our Recommendations

Best for Swissquote

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

Best Platform Swissquote

The trading platform of broker Swissquote offers an intuitive interface and advanced features for efficient trading.

Lowest Costs

Both brokers have comparable fee structures and spreads.

Swissquote Saxo Bank