Compare Saxo Bank vs Zacks Trade


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

Saxo Bank vs Zacks Trade
overall rating
4.8
4.6
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service.
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
2.9
  • Low fund fees
  • No withdrawal fee
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
4.3
  • Low stock and ETF fees
  • No inactivity fee
  • Low margin rates
  • High fund fees
account opening
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
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
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
  • Alerts only through chatbot
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
2.5
  • Demo account
  • Trading platform tutorial
  • No general education videos
  • No webinars
  • 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
  • Financial information is publicly available
  • 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 Traders and investors looking for comprehensive research tools, wide product selection, and low fees
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