| overall rating |
|
|
| overall pros |
- Great trading platform
- Outstanding research
- Broad product portfolio
|
- Some ETFs and mutual funds are free to trade
- Easy account opening
- Great mobile trading platform
|
| overall cons |
- High bond, options and futures fees
- High minimum deposit
- Lacks live chat and 24/7 availability
|
- Only the US market covered
- Basic research tools
- High financing rates (margin rates)
|
|
fees
|
- Low forex fees
- Low fund fees
- No withdrawal fee
- Inactivity fee
- High bond, options and futures fees
|
- No inactivity fee
- Free ETF trading
- Some mutual funds and bonds are free to trade
- High margin rates
- High fees for non-free mutual funds
|
|
account opening
|
- Fully digital
- User-friendly
- Available in almost every country
- Minimum deposit is high in certain countries
- Slow account verification
|
- Fully digital
- No minimum deposit
- Low minimum deposit
- Slow account opening time
|
|
deposit and withdrawal
|
- Credit/Debit card available
- Free withdrawal
- No deposit fee
- Electronic wallets not available for deposit or withdrawal
|
- No deposit fee
- User-friendly
- Free withdrawal (via ACH)
- Credit/Debit card not available
- $10 for wire transfer withdrawals
|
|
web trading platform
|
- User-friendly
- Clear fee report
- Two-step (safer) login
|
- Clear fee report
- Two-step (safer) login
- Price alerts
- Limited customizability (for charts, workspace)
- Some features are hard to find
|
|
mobile trading platform
|
- User-friendly
- Two-step (safer) login
- Good search function
|
- User-friendly
- Two-step (safer) login
- Good search function
- No price alerts
- Options and bond trading are not available
|
|
desktop trading platform
|
- User-friendly
- Clear fee report
- Good customizability (for charts, workspace)
|
|
|
markets and products
|
- Stock
- ETF
- Forex
- Fund
- Bond
- Options
- Futures
- CFD
- Crypto
- SaxoSelect
|
- Stock
- ETF
- Fund
- Bond
- Options
|
|
research
|
- Good interactive chart
- Trading ideas
- Data on asset fundamentals
- Most fundamental data is not free of charge
|
- Trading ideas
- Data on asset fundamentals
- User-friendly
- Limited interactive charting
- Limited set of research tools
|
|
customer service
|
- Phone support
- Relevant answers
- No live chat
- No 24/7 support
|
- Phone support
- Fast response time
- Relevant answers
- No live chat
- No 24/7 support
|
|
education
|
- Demo account
- Trading platform tutorial
- Educational videos
|
- Educational videos
- Good educational tools
- No demo account
- No trading platform tutorial videos
|
|
safety
|
- 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
- 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
|
Long-term investors who are looking for great ETF and mutual fund offers
|
