Saxo Bank vs Tickmill compared

Saxo Bank
Tickmill
Saxo Bank
4.8
Tickmill
4.5
76% of retail CFD accounts lose money
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Markets and products score
    5.0
    /5
  • Trading platform combined score
    5.0
    /5
  • Fees score
    3.0
    /5
  • Markets and products score
    2.4
    /5
  • Trading platform combined score
    3.5
    /5
  • Fees score
    4.3
    /5
Recommended for
  • Equity
    4.2
    /5
  • Forex
    4.4
    /5
  • Forex
    4.3
    /5
You can't open an account in United States
You can't open an account in United States
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.8

Recommended for Investors and traders looking for a great trading platform and solid research

Best forex broker

Overall Score
4.5

Recommended for Forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Country of origin

Denmark

Country of origin

UK

Fees

Fees score
3.0
Fees score
4.3
Fees summary

Average trading and non-trading fees, low forex fees

Fees summary

Low forex and CFD fees, low non-trading 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

Deposit and withdrawal score
4.8
Deposit and withdrawal score
4.5
Number of base currencies

26

Number of base currencies

5

Deposit type

Withdrawal type

Account opening

Account opening score
4.3
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$2000

*
Minimum deposit
*

$100

*
Time to open account

1 day

Time to open account

1 day

Required documents

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

Required documents

Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement

Trading platform

Web platform score
5.0
Web platform score
2.8
Mobile platform score
5.0
Mobile platform score
3.8
Desktop platform score
5.0
Desktop platform score
3.4

Markets and products

Markets and products score
5.0
Markets and products score
2.4
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

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.

CFD disclaimer

Disclaimer: 76% 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

Research score
5.0
Research score
3.8
Charting quality

Great

Charting quality

Mid-range

Education score
4.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
4.9
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€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

Investor protection amount

£85,000 for cliens under FCA, €20,000 under CySEC, no protection under Seychelles

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1992

Foundation date

2014

Country of regulation

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

Country of regulation

UK, Cyprus, Seychelles, South Africa, Malaysia

Saxo Bank

For detailed information and hands-on experience, read our review of this broker.

Tickmill

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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 Tickmill's and a comparison of their fees shows that Saxo Bank's fees are higher than Tickmill's.

Account opening takes somewhat more effort at Saxo Bank compared to Tickmill, deposit and withdrawal processes are about the same quality at Saxo Bank, while customer service quality is somewhat lower than Tickmill's.

Our experts rated the trading platform of Saxo Bank as better than the platform of Tickmill, found that clients have access to much more markets and products with Saxo Bank, while Tickmill provides less useful research and education.

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