Compare Eightcap vs Saxo Bank


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

Eightcap vs Saxo Bank
overall rating
4.3
4.8
overall pros
  • Low forex fees
  • Seamless, quick account opening
  • Free deposit and withdrawal
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Slim product selection
  • Limited research and educational tools
  • No investor protection
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
3.3
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • Custody fee
  • High fees for options&futures
account opening
5.0
  • Fully digital
  • Low minimum deposit
  • User-friendly
2.0
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • No minor currencies available
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
3.1
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
1.8
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
1.9
  • Good set of analytical tools
  • No fundamental data available
  • Trading ideas only via paid partnership
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.5
  • Live chat
  • Fast response time
  • Couldn't reach phone support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.3
  • Demo account
  • Great market analyses and articles
  • No trading platform tutorial videos
  • No educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Regulated by top-tier ASIC
  • No investor 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 Forex traders who prefer the MetaTrader platform Investors and traders looking for a great trading platform and solid research
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