Saxo Bank
Stake
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for a great trading platform and solid research
Best forex broker
Recommended for Beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform
Denmark
Australia
Fees
Average trading and non-trading fees, low forex fees
Low trading and average non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
26
1
Deposit type
Withdrawal type
Account opening
$2000
$50
1 day
1 day
Proof of identity: personal ID / passport / driver's licence Proof of residence: ID card / insurance card / utility bill / bank statement
Australian ID for Australian clients. No documents needed for UK clients.
Trading platform
Markets and products
Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Poor
Customer service
Security
€100,000 for cash and €20,000 for securities for most European clients; £85,000 for UK clients; CHF 100,000 for Swiss clients; HKD 500,000 for securities at Hong Kong entity; no protection for clients from Singapore, Japan and Australia
$500,000 (securities up to $500,000, cash up to $250,000)
1992
2017
Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia
Australia, UK
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Saxo Bank's service is on par with Stake's and a comparison of their fees shows that Saxo Bank's fees are higher than Stake's.
Account opening takes somewhat more effort at Saxo Bank compared to Stake, deposit and withdrawal processes are much more seamless at Saxo Bank, while customer service quality is much better than Stake's.
Our experts rated the trading platform of Saxo Bank as somewhat better than the platform of Stake, found that clients have access to much more markets and products with Saxo Bank, while Stake provides less useful research and education.