Swissquote vs. Saxo Bank
Comparison: Swissquote vs. Saxo Bank – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Swissquote with an overall rating of 47%
Basic information
| Basic information |  Swissquote |  Saxo Bank |
|---|---|---|
| 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.
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 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
Comprehensive Comparison: Swissquote vs Saxo Bank
Swissquote Saxo Bank Investments
88 % 62 %| Investments | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Cost
80 % 80 %| Cost | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Trading app
43 % 14 %| Trading app | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Trading Tools
100 % 100 %| Trading Tools | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Research
33 % 83 %| Research | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Education
100 % 67 %| Education | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Forex
100 % 100 %| Forex | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Commodities
27 % 36 %| Commodities | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Indicies
100 % 100 %| Indicies | Swissquote | Saxo Bank |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
30 % 0 %| Cryptocurrencies | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Regulations
33 % 50 %| Regulations | Swissquote | Saxo Bank |
|---|---|---|
| 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 |
Support
100 % 100 %| Support | Swissquote | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
47 % 45 %| Overall | Swissquote | Saxo Bank |
|---|
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