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
  • Great account opening
  • Quick and helpful customer support
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Limited product range, only CFDs
  • Mediocre research tools
  • Average CFD fees
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
3.0
  • Free withdrawal
  • Inactivity fee charged only if you don't log into the platform
  • Average CFD fees
3.3
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
account opening
5.0
  • Fast
  • Fully digital
  • Low 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
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability for workspace
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
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
1.9
  • CFD
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.3
  • Good interactive chart
  • User-friendly
  • Market analysis
  • 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
3.5
  • Demo account
  • Educational videos
  • Educational articles
  • No webinars
  • Materials are not well-structured
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Listed on stock exchange
  • 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 for EU (+some MENA) customers
  • 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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