Saxo Bank
Zacks Trade
Basic data of broker
Recommended for Investors and traders looking for a great trading platform and solid research
Best forex broker
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees
Denmark
USA
Fees
Average trading and non-trading fees, low forex fees
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
26
20
Deposit type
Withdrawal type
Account opening
$2000
$0
1 day
>3 days
Proof of identity: personal ID / passport / driver's licence Proof of residence: ID card / insurance card / utility bill / bank statement
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
€100,000 for cash and €20,000 for securities for most European clients; £85,000 for UK clients; CHF 100,000 for Swiss clients; HKD 500,000 for securities at Hong Kong entity; no protection for clients from Singapore, Japan and Australia
$500,000 ($250,000 cash limit) plus $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.
1992
1978
Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Saxo Bank's service is on par with Zacks Trade's and a comparison of their fees shows that Saxo Bank's fees are slightly higher than Zacks Trade's.
Account opening takes less effort at Saxo Bank compared to Zacks Trade, deposit and withdrawal processes are more seamless at Saxo Bank, while customer service quality is somewhat better than Zacks Trade's.
Our experts rated the trading platform of Saxo Bank as better than the platform of Zacks Trade, found that clients have access to more markets and products with Saxo Bank, while Zacks Trade provides somewhat lower-quality research and education.