feed linkedin-square facebook-square twitter-square question-circle-o

Compare ChoiceTrade vs Saxo Bank


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

ChoiceTrade vs Saxo Bank
overall rating
4.1 / 5.0
4.7 / 5.0
overall pros
  • Commission-free stock trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
overall cons
  • High non-trading fees
  • Not user-friendly deposit and withdrawal
  • Limited product portfolio
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
fees
4 stars
  • Low trading fees
  • Commission-free stock trading
  • High non-trading fees
3 stars
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
account opening
5 stars
  • Fully digital account opening
  • User-friendly
3 stars
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
deposit and withdrawal
1 stars
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
  • Not user-friendly withdrawal
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
web trading platform
2 stars
  • Clear fee report
  • Good variety of order types
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
  • No price alerts
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • Clear fee report
  • Good variety of order types
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
  • No price alerts
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
markets and products
1 stars
  • Stock
  • ETF
  • Options
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3 stars
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Good quality news flow
  • Limited interactive charting
  • Not user-friendly
5 stars
  • Analyst recommendations for stocks, bonds, etc.
  • User-friendly
  • Good set of analytical tools
  • Most fundamental data is not free of charge
customer service
4 stars
  • Phone support
  • Relevant answers
  • No live chat
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
education
3 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Hard to navigate
  • Poor production quality
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Regulated by top tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Stock and options traders aiming for low trading fees and focusing on the US market Investors and traders looking for a great trading platform and solid research