Trading212 vs. Saxo Bank
Comparison: Trading212 vs. Saxo Bank – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Trading212 with an overall rating of 47%
Basic information
| Basic information |  Trading212 |  Saxo Bank |
|---|---|---|
| Deposit | 100 EUR/USD | 2000 EUR/USD |
| Spreads | 1.5 EUR/USD | 2 EUR/USD |
| Established | 2017 | 1992 |
| Currency Pairs (Total Forex pairs) | 30 | 182 |
| Country | UK | Denmark, UK |
| Regulation | FCA (UK) | FCA (UK), ASIC (Australia), Cysec |
| Trading app | Desktop Platform (Windows), Web Platform | Web Platform |
| Number of CFD asset classes | 6 | 5 |
| Broker type | MM | ECN, STP |
| Support | Phone, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, GiroPay, 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%. Trading212 requires a minimum deposit of 100 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, Trading212 is more welcoming to traders with smaller budgets. For Trading212, the spread is 1.5 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make Trading212 a more advantageous choice. Trading212 offers 30 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. Trading212 was founded in 2017, 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. Trading212 is overseen by 1 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. Trading212 supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives Trading212 the lead.
47%
Trading212
45%
Saxo Bank
Key Strengths
Trading212
- Trading with fractional shares is possible from as low as 1 EUR , even automatically.
- The offering also includes purchase of real stocks and ETFs with no fees .
- Investing in stocks from lesser-known exchanges worldwide expands portfolio diversification opportunities.
- All deposits and withdrawals , including those via payment cards , are free of charge , reducing fee costs.
- Trading 212 offers a comprehensive selection of CFD products , including stocks, ETFs, forex, indices, commodities, and cryptocurrencies, providing a wide spectrum of options for implementing various trading strategies .
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: Trading212 vs Saxo Bank
Trading212 Saxo Bank Investments
75 % 62 %| Investments | Trading212 | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 30 | 182 |
| CFDs – Total Offered | 250+ | 201+ |
| Options CFD | No | 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 | No | No |
| Cryptocurrency traded as CFD | Yes | No |
Cost
80 % 80 %| Cost | Trading212 | Saxo Bank |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.5 | 2 |
| Deposit from | 100 | 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
29 % 14 %| Trading app | Trading212 | Saxo Bank |
|---|---|---|
| Desktop Platform (Windows) | Yes | 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 % 100 %| Trading Tools | Trading212 | 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
83 % 83 %| Research | Trading212 | Saxo Bank |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | Yes | Yes |
| Research | Yes | Yes |
Education
100 % 67 %| Education | Trading212 | 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 | Trading212 | 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
36 % 36 %| Commodities | Trading212 | Saxo Bank |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | 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 | Trading212 | 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 | Trading212 | 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
17 % 50 %| Regulations | Trading212 | Saxo Bank |
|---|---|---|
| Cysec | No | 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
67 % 100 %| Support | Trading212 | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| No | Yes |
Overall
47 % 45 %| Overall | Trading212 | Saxo Bank |
|---|
Our Recommendations
Best for Trading212
Thanks to comprehensive educational materials and a user-friendly platform, Trading212 is an ideal choice for new traders.
Best Platform Trading212
The trading platform of broker Trading212 offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
Trading212 Saxo Bank