Compare Saxo Bank vs XTB


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

Saxo Bank vs XTB
overall rating
4.8
4.6
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Low forex fees
  • Free and fast deposit and withdrawal
  • Easy and fast account opening
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • High fees for stock CFDs
  • Product portfolio limited mostly to CFDs and FX
  • Limited fundamental data
fees
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
3.7
  • Low forex fees
  • Free withdrawal for transfers above $100
  • High stock CFD fees
account opening
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • 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 not available for deposit or withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account currencies accepted
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
4.4
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.4
  • User-friendly
  • Price alerts
  • Modern design
  • No two-step (safer) login
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
4.4
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
2.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
  • Real stocks and ETFs (only for some European clients)
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
4.1
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Limited fundamental data
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
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
  • Listed on stock exchange
  • Negative balance protection
  • Some clients regulated by top-tier FCA
  • Does not hold a banking license
recommended for Investors and traders looking for a great trading platform and solid research Forex and CFD traders looking for low fees and great deposit/withdrawal service
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