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

Compare ETX Capital vs Saxo Bank


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

ETX Capital vs Saxo Bank
overall rating
4.1 / 5.0
4.7 / 5.0
overall pros
  • Free and multiple deposit and withdrawal options
  • Easy and fast account opening
  • Great educational tools
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
overall cons
  • High trading fees
  • Only CFDs, forex, and crypto offered
  • Basic research tools
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
fees
2 stars
  • No withdrawal fee
  • High trading fees
  • Inactivity fee
  • High financing rate
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
  • Fast account opening
  • 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
5 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
web trading platform
4 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No clear fee report available
  • No two-step (safe) login
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
mobile trading platform
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Price alerts
  • Available in several languages
  • No two-step (safe) login
  • Does not look nice
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
markets and products
2 stars
  • Forex
  • CFD
  • Crypto
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
1 stars
  • Good interactive chart
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
  • No/Poor quality news flow
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
  • Fast response time
  • Relevant answers
  • Professional tone
  • No live chat
  • No 24/7 availability
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Good production quality
  • No educational videos
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • Regulated by top tier financial authority
  • High level of investor protection
  • Listed on stock exchange
  • Regulated by top tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for great funding and withdrawal processes and easy to use platform Investors and traders looking for a great trading platform and solid research