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
4.8
4.7
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • Only US options, futures, and stocks
  • Deposit and withdrawal options limited
  • No demo account
fees
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
4.4
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
1.9
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
3.4
  • Clear fee report
  • Price alerts
  • Order confirmation
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
2.4
  • Stock
  • ETF
  • Options
  • Futures
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
4.5
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for a great trading platform and solid research Options and futures traders focusing on US markets
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