Compare Halifax vs Saxo Bank


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

Halifax vs Saxo Bank
overall rating
4.0
4.8
overall pros
  • Low non-trading fees
  • Good options for deposits and withdrawals
  • Quick and easy account opening
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High stock trading fees
  • Limited web-based platform
  • No mobile or desktop platforms
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
2.2
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
account opening
4.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
  • Only for UK residents
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • Electronic wallets not available
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
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No research capabilities in the portal
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
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
3.0
  • Stock
  • ETF
  • Fund
  • Investment Trusts
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Research tools not integrated into web trading platform
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
3.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • No response to email
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
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
  • 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 long-term investors Investors and traders looking for a great trading platform and solid research
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