Saxo Bank vs Stake compared

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

Saxo Bank
Stake
When you invest your capital is at risk

Last update of dataNov 2022

Saxo Bank

Saxo Bank is a Danish investment bank. It is regulated by several financial authorities globally, including the top-tier UK FCA.

Recommended for investors and traders looking for a great trading platform and solid research.

Stake

Stake is an Australia-based fintech startup that offers commission-free stock trading, regulated by the Australian Securities and Investment Commission (ASIC) and the FCA.

Recommended for beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform.

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 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.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.8

Recommended for Investors and traders looking for a great trading platform and solid research

Best forex broker

Overall Score
4.5

Recommended for Beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform

Country of origin

Denmark

Country of origin

Australia

Fees

Fees score
3.0
Fees score
4.7
Fees summary

Average trading and non-trading fees, low forex fees

Fees summary

Low trading and average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.8
Deposit and withdrawal score
2.2
Number of base currencies

26

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
3.8
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$2000

*
Minimum deposit
*

$50

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: personal ID / passport / driver's licence Proof of residence: ID card / insurance card / utility bill / bank statement

Required documents

Australian ID for Australian clients. No documents needed for UK clients.

Trading platform

Web platform score
5.0
Web platform score
3.6
Mobile platform score
5.0
Mobile platform score
4.1
Desktop platform score
5.0
Desktop platform score
-

Markets and products

Markets and products score
5.0
Markets and products score
1.7
Stocks
Stocks
*
*
Fractional shares
Fractional shares
*
*
ETFs
ETFs
*
*
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

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

Research score
5.0
Research score
3.3
Charting quality

Great

Charting quality

Poor

Education score
4.5
Education score
0.5
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
1.7
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€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

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1992

Foundation date

2017

Country of regulation

Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia

Country of regulation

Australia, UK

Saxo Bank

For detailed information and hands-on experience, read our review of this broker.

Stake

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.

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