Comparison AroTrade vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AroTrade vs Saxo Bank. Which of them: AroTrade or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. For trading in Forex, the commission fee of AroTrade is fixed at 3 pips, while the commission fee of Saxo Bank is from 0.4 pips. When analyzing commission fees in CFD: AroTrade provides $20 per month + profit clearance fee, and Saxo Bank provides from £0.85. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Forex Trading, Crypto Trading are provided to customers by AroTrade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Saxo Bank. As for platforms, AroTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. AroTrade was established in 2018 in Belize, and it is regulated by IFSC. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from AroTrade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $50 - $100. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in AroTrade is 3 - 4 business days, and that one in Saxo Bank is 1-2 business days.
As a result, the rating of AroTrade is 4.1 stars versus that of Saxo Bank of 4.1 stars.