Compare Firstrade vs Saxo Bank


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

Firstrade vs Saxo Bank
overall rating
4.5
4.8
overall pros
  • Free stock, ETF, fund, and options trading
  • Solid research tools
  • Quality educational tools
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat and 24/7 availability
  • 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
  • Free stock, ETF, fund and options trading
  • High margin rates
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
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
1.8
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High outgoing wire transfer fee
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
2.9
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
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
  • 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 Beginners and investors looking for zero-commission trading, focusing on the US market Investors and traders looking for a great trading platform and solid research
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