Compare LYNX vs Saxo Bank


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

LYNX vs Saxo Bank
overall rating
4.2
4.8
overall pros
  • Wide range of markets and products
  • Low stock and ETF trading fees
  • Great mobile platform
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • Not user-friendly desktop platform
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
2.9
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • Inactivity fee
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
2.5
  • Fully digital
  • User-friendly
  • Slow
  • Minimum deposit is higher than $500
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
deposit and withdrawal
2.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
  • Credit/Debit card not available
  • Not user-friendly
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
3.3
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • User interface is a bit complex
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • The platform is not completely translated to English
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
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
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
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
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • 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 European traders looking for low stock and ETF fees and a good mobile trading platform Investors and traders looking for a great trading platform and solid research
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