Comparison Fidelity vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Fidelity vs Saxo Bank. Is Fidelity or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Fidelity on regular transactions of the stock exchange is $4.95, and Saxo Bank has a commission fee of from 0.1% commission. Let’s analyze the commission fees on trading options. Fidelity has a commission fee of $4.95 + $0.65, Saxo Bank has a commission fee of from £2.50 per lot. 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, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Fidelity 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, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. Fidelity was founded in 1946 in United States, and it is regulated by SEC, FINRA, FCA (UK). And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The withdrawal time for Fidelity is immediate (Bank Wire), and that one for Saxo Bank is 1-2 business days.
As a result, the rating of Fidelity is 4.3 stars versus that of Saxo Bank of 4.1 stars.