Compare Merrill Edge vs Saxo Bank


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

Merrill Edge vs Saxo Bank
overall rating
4.8
4.8
overall pros
  • Low trading fees
  • Easy and seamless account opening
  • Strong parent company
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Limited to US clients and products
  • No demo trading
  • Limited options to deposit/withdraw from accounts
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.4
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • High financing rate
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
5.0
  • Fast
  • Fully digital
  • No minimum deposit
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
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
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
  • Poor search function
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
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.5
  • Phone support
  • Live chat
  • No email 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
  • Banking background
  • No negative balance protection
  • 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 traders who looking for low fees, quick account opening, and simple platforms Investors and traders looking for a great trading platform and solid research
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