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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
4.7 / 5.0
4.5 / 5.0
overall pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
  • Fast deposit and withdrawal
  • Fast and user-friendly account opening
  • Good research tools
overall cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
  • Limited product portfolio, mostly CFD and FX
  • Sales team can be pushy
  • No 24/7 customer support
fees
3 stars
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
4 stars
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
account opening
3 stars
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
5 stars
  • Fast account opening
  • Fully digital account opening
  • User-friendly
  • Sales team pushy
deposit and withdrawal
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
5 stars
  • Credit/Debit card deposit and withdrawal
  • Quick funding and withdrawal -within 3 days
  • User-friendly
  • High fees for electronic wallet deposits
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No two-step (safe) login
  • Limited order types
mobile trading platform
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
4 stars
  • User-friendly
  • Good search function
  • No two-step (safe) login
  • Limited order types
desktop trading platform
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • Limited order types
  • No two-step (safe) login
markets and products
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
2 stars
  • CFD
  • Crypto
  • Real stocks and ETFs for European clients except for UK and Hungary
research
5 stars
  • Analyst recommendations for stocks, bonds, etc.
  • User-friendly
  • Good set of analytical tools
  • Most fundamental data is not free of charge
4 stars
  • Good interactive chart
  • User-friendly
  • Good set of analytical tools
  • No fundamental data available
customer service
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
5 stars
  • Phone support
  • Live chat
  • Relevant answers
  • Slow support for e-mail
  • 24/5 availability
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Regulated by top tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
  • Listed on stock exchange
  • Financial information is publicly available
  • Regulated by financial authorities
recommended for Investors and traders looking for a great trading platform and solid research Forex and CFD traders looking for great funding and withdrawal processes and research tools