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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
4.7 / 5.0
4.5 / 5.0
overall pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
  • Extensive market and product access
  • High investor protection amount
  • Digital account opening
overall cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
  • High trading fees
  • Overcomplicated trading platform
  • Better part of the research not free
fees
3 stars
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
2 stars
  • No inactivity fee
  • High trading fees
  • Withdrawal fee
account opening
3 stars
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for Swissquote (CH)
  • Video identification of documents may not be available for some locations
  • High minimum deposit for SwissquoteForex (UK)
deposit and withdrawal
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
4 stars
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card deposit
  • Credit card withdrawal is not available
  • Withdrawal is not user-friendly
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
3 stars
  • Two-step (safe) login
  • Price alerts
  • Available in several languages
  • Poor search function
  • Limited order types
mobile trading platform
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
3 stars
  • Two-step (safe) login
  • Looks nice
  • Limited order types
  • No price alerts
  • Complicated
desktop trading platform
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
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markets and products
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Themes trading
research
5 stars
  • Analyst recommendations for stocks, bonds, etc.
  • User-friendly
  • Good set of analytical tools
  • Most fundamental data is not free of charge
2 stars
  • Good interactive chart
  • Ad-hoc recommendations
  • No fundamental data available
  • Not user-friendly
  • The news flow is in 3 languages at the same time
customer service
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • Irrelevant and inconsistent answers, and an unprofessional tone on live chat
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Easy to understand
  • Regulated by top tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
recommended for Investors and traders looking for a great trading platform and solid research Affluent investors valuing safety and being ok with higher fees