Compare Saxo Bank vs Tradestation


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

Saxo Bank vs Tradestation
overall rating
4.8
4.7
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Poor customer service
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
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
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
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
deposit and withdrawal
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
1.8
  • No deposit fee
  • Several account base currencies
  • Quick deposit and withdrawal - within 3 days
  • Credit/Debit card not available
  • High withdrawal fee
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
2.3
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • 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
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for a great trading platform and solid research Traders focusing on US markets and buy-and-hold investing
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