Basic data of broker
Recommended for Investors and traders looking for a great trading platform and solid research
Best forex broker
Recommended for Affluent investors who value safety and are OK with higher fees
Denmark
Switzerland
Fees
Average trading and non-trading fees, low forex fees
High trading fees, average non-trading fees, low fund 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
22
Deposit type
Withdrawal type
Account opening
$2000
$0
1 day
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
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.
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.
Research, education
Great
Great
Customer service
Security
€100k for cash and €20k for securities to most European clients; £85k to UK clients; CHF 100k to Swiss clients; HKD 500k to securities at Hong Kong entity; no protection to clients from Singapore, Japan and Australia
CHF 100k for cash at the Swiss entity, £85k at the UK entity, HKD 500k at Hong Kong entity, none at other entities
$100k cash and €20k securities to most EU clients. Check the description to see all protection.
CHF 100k for cash at the Swiss entity. Check the description to see all protection.
1992
1996
Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia
Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta
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.
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 Swissquote's and a comparison of their fees shows that Saxo Bank's fees are slightly lower than Swissquote's.
Account opening takes about the same effort at Saxo Bank compared to Swissquote, deposit and withdrawal processes are about the same quality at Saxo Bank, while customer service quality is somewhat lower than Swissquote's.
Our experts rated the trading platform of Saxo Bank as somewhat better than the platform of Swissquote, found that clients have access to about the same number of markets and products with Saxo Bank, while Swissquote provides less useful research and education.