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Compare Saxo Bank vs tastyworks


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

Saxo Bank vs tastyworks
overall rating
4.7 / 5.0
4.5 / 5.0
overall pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
  • Low options trading fees
  • Great education materials
  • Very good customer service
overall cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
  • Only US options, futures, and stocks
  • Can be intimidating for beginners
  • Trading platforms have some bugs
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
4 stars
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
  • Withdrawal fee
  • High financing rate
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
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Can take 3 business days
deposit and withdrawal
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • Clear fee report
  • Good search function
  • Great options trading panel with embedded strategies
  • Limited customizability (for charts, workspace)
  • Can be intimidating for beginners
mobile trading platform
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
4 stars
  • Two-step (safe) login
  • Good search function
  • Good variety of order types
  • No price alerts
desktop trading platform
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
4 stars
  • Clear fee report
  • Price alerts
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
markets and products
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
1 stars
  • Stock
  • ETF
  • Options
  • Futures
research
5 stars
  • Analyst recommendations for stocks, bonds, etc.
  • User-friendly
  • Good set of analytical tools
  • Most fundamental data is not free of charge
4 stars
  • User-friendly
  • Very enjoyable and relevant videos
  • Great overviews for option trading
  • Options focused
  • Limited fundamental data
  • Limited chart analysis tools
customer service
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Only in English
  • Only 24/5
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
5 stars
  • Educational videos
  • Easy to understand
  • Good production quality
  • No demo account
  • 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
  • Started by well-known industry experts
  • No negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders looking for a great trading platform and solid research Price sensitive equity and option traders focusing on the US