Saxo Bank vs. Plus500

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. A big plus for Saxo Bank is the ability to trade real stocks, which Plus500 doesn’t offer. 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.