Comparison EasyMarkets vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare EasyMarkets vs Saxo Bank. Which of them: EasyMarkets or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. When analyzing trading options, the commission fees of EasyMarkets is from 0.001 pips, and that one of Saxo Bank is from £2.50 per lot. Now, let’s compare commission fees in Forex, the commission fee of EasyMarkets is from 1.8 pips, and the commission fee of Saxo Bank is from 0.4 pips. When analyzing commission fees in CFD: EasyMarkets provides from 5 pips, and Saxo Bank provides from £0.85. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 45 pips and from 0.1% commission for EasyMarkets and Saxo Bank, respectively. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are EasyMarkets provides customers with Stocks Trading, Options Trading, Forex Trading, Crypto Trading, and Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, EasyMarkets 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.
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. EasyMarkets was established in 2001 in Cyprus, and it is regulated by CySEC, ASIC. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from EasyMarkets with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The time for withdrawal in EasyMarkets is 3 - 10 business days, and that one in Saxo Bank is 1-2 business days.
As a result, the rating of EasyMarkets is 4.5 stars versus that of Saxo Bank of 4.1 stars.