Compare Plus500 vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how Plus500 stacks up against Saxo Bank!

Plus500 vs Saxo Bank
overall rating
4.4
4.8
overall pros
  • Easy-to-use platform
  • Low trading fees
  • Listed on the London Stock Exchange
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Limited product portfolio, only CFDs & forex
  • Minimal research tools
  • Mid-range educational section
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
3.6
  • Low trading fees
  • No withdrawal fee
  • 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
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
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
5.0
  • Credit/Debit card available
  • No deposit fee
  • Five withdrawals per month free
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
5.0
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
5.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
1.9
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
2.8
  • Good interactive chart
  • User-friendly
  • No trading ideas
  • No fundamental data available
  • 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
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
1.5
  • Demo account
  • No trading platform tutorial videos
  • Only few and basic educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Experienced traders looking for an easy-to-use platform and a great user experience Investors and traders looking for a great trading platform and solid research
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