Compare Freetrade vs Saxo Bank


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

Freetrade vs Saxo Bank
overall rating
4.5
4.8
overall pros
  • Free stock and ETF trading
  • Easy and fast account opening
  • Great mobile trading platform
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Basic product portfolio
  • Limited research tools
  • Debit card only for deposits
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.7
  • Low trading fees
  • Low non-trading fees
  • Free stock and ETF trading
3.3
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • Custody fee
  • High fees for options&futures
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
2.0
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
4.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • Debit card available only for deposits
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.7
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
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
1.6
  • Stock
  • ETF
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
0.0
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
3.8
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Invest HUB blog
  • Educational content in a newsletter
  • No educational videos
  • No webinars
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 Long-term investors on the hunt for low fees and focusing on the UK and US markets Investors and traders looking for a great trading platform and solid research
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