Compare Robinhood vs Saxo Bank


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

Robinhood vs Saxo Bank
overall rating
4.5
4.8
overall pros
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Limited product range
  • Weak customer support
  • Few educational materials
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.9
  • Low trading fees
  • Low non-trading fees
  • Commission-free US stock trading
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
  • No minimum deposit
  • Available only for US and Australian clients
3.1
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit can be $10,000 high
  • Relatively slow account verification
deposit and withdrawal
2.3
  • Free withdrawal
  • No deposit fee
  • Instant deposit up to $1,000 per week
  • Credit/Debit card not available
  • Depositing larger amounts takes longer
  • Wire withdrawal is pricey
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
2.4
  • Stock
  • ETF
  • Options
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.6
  • 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
1.0
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Beginners and buy-and-hold investors focusing on the US stock market Investors and traders looking for a great trading platform and solid research
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