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Comparison AvaTrade vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares AvaTrade vs Saxo Bank. Is AvaTrade or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. AvaTrade has a commission fee of average 0.13%, and Saxo Bank has a commission fee of from 0.1% commission. When analyzing trading options, the commission fees of AvaTrade is spreads Vary, and that one of Saxo Bank is from £2.50 per lot. For trading in Forex, the commission fee of AvaTrade is from 1.3 pips, while the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are from 0.13% in AvaTrade vs from £0.85 in Saxo Bank. For a more complete picture, let’s consider trading in the metal market, where AvaTrade and Saxo Bank have commission fees of from 0.4pips and from 0.1% commission, respectively. You can read more detailed information on commission fees in the online broker reviews.
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, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto Trading, Robo Advisor are provided to customers by AvaTrade 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, AvaTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. AvaTrade was established in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from AvaTrade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in AvaTrade is 1 - 2 business days, and that one in Saxo Bank is 1-2 business days.
As a result, the rating of AvaTrade is 4.8 stars versus that of Saxo Bank of 4.1 stars.