Compare Charles Schwab vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Saxo Bank!

Charles Schwab vs Saxo Bank
overall rating
4.8
4.8
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High fees for some mutual funds
  • Product selection covers only the US market
  • Not well-structured educational platform
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.4
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • High fees for non-free mutual funds
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • For non-US clients $25,000 minimum deposit
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
  • MENA customers are temporarily not accepted
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
4.2
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research, low fees and great customer service Investors and traders looking for a great trading platform and solid research
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