Compare Saxo Bank vs Zerodha


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

Saxo Bank vs Zerodha
overall rating
4.8
4.2
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Low fees
  • Great trading platforms
  • Solid research
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • Slow account opening process
  • Only Indian market covered
  • No investor protection
fees
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
4.8
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • Account opening and maintenance charges
account opening
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
1.8
  • No minimum deposit
  • Slow
  • Not fully digital
  • Only Indian citizens accepted
deposit and withdrawal
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
2.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
3.8
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
2.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Fees charged for many research tools
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • 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
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for a great trading platform and solid research Traders and investors (including beginners) focusing on the Indian market and looking for low fees
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