Compare Saxo Bank vs Swissquote


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

Saxo Bank vs Swissquote
overall rating
4.8
4.6
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Access to many markets and products
  • No inactivity fee
  • Rock-solid background
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • High trading fees
  • Confusing trading platform selection
  • Some research tools are not free
fees
3.0
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
2.0
  • Low fund fees
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
  • High bond fees
account opening
3.0
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is higher than $500
  • Relatively slow account verification
4.0
  • Fully digital
  • No minimum deposit for trading account
  • Technical difficulties
  • Forex and robo-advisor accounts have high minimum
deposit and withdrawal
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
4.0
  • Quick deposit and withdrawal - within 3 days
  • Several account base currencies at Swissquote (UK)
  • Credit/Debit card withdrawal not available
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • Account login and search function bugs
  • Easy to get lost among functions
mobile trading platform
5.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
5.0
  • User-friendly
  • Good search function
  • Price alerts
  • No advanced search filters
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Themes trading
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
3.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
  • News flow in 3 languages at the same time
  • Recommendations are not structured
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Live chat answers are not always satisfactory
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
recommended for Investors and traders looking for a great trading platform and solid research Affluent investors who value safety and are OK with higher fees
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