Saxo Bank vs Swissquote compared

Denmark

Switzerland

Average trading and non-trading fees, low forex fees

High trading fees, average non-trading fees, low fund fees

26

22

$2000

$0

>3 days

1 day

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

Proof of identity: national ID / passport Proof of residency: ID with legal address / utility, internet, phone bill / tax bill / official certificate of residence

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.

Disclaimer: 74% 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.

Great

Great

€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

CHF 100,000 for cash at the Swiss and UAE entity, £85,000 at the UK entity, HKD 500,000 at Hong Kong entity, none at other entities

1992

1996

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

Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta