Compare Flatex vs Saxo Bank


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

Flatex vs Saxo Bank
overall rating
4.3
4.8
overall pros
  • Low stock, ETF, fund and bond fees
  • Strong company background
  • Great educational tools
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High forex fees and margin rates
  • Complicated account opening for non-German residents
  • Only bank transfer available for deposits and withdrawals
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
3.1
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • High margin rates
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
account opening
2.0
  • No minimum deposit
  • Fully digital account opening for German/Austrian clients
  • Slow
  • Not fully digital
  • Not 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
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
3.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
2.8
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • No clear fee report available
  • Available only for a fee
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificates
  • Turbos
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.0
  • 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
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • 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 Investors and CFD traders speaking German and focusing on European securities Investors and traders looking for a great trading platform and solid research
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