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
4.8
overall pros
  • Commission-free stock and ETF trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.1
  • Low trading fees
  • Low stock and ETF fees
  • Commission-free stock trading
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
2.9
  • Low fund fees
  • No withdrawal fee
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
4.9
  • Fully digital
  • Low minimum deposit
  • User-friendly
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
0.8
  • No deposit fee
  • Credit/Debit card not available
  • Withdrawal is way overcomplicated
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
1.5
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
2.8
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
2.1
  • Stock
  • ETF
  • Options
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
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
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
recommended for Stock and options traders looking for low trading fees and focusing on the US market Investors and traders looking for a great trading platform and solid research
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