Comparison Olymp Trade vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Olymp Trade vs Saxo Bank. Which of them: Olymp Trade or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Now, let’s compare commission fees in Forex, the commission fee of Olymp Trade is starts at 0 pips, and the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are 0 pips for ECN in Olymp Trade vs from £0.85 in Saxo Bank. 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 Olymp Trade provides customers with Options 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. Concerning the platforms, Olymp Trade uses Web Platform, Android App, iOS App, while Saxo Bank uses 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. Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from Olymp Trade 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 withdrawal time for Olymp Trade is 1 - 5 business days, and that one for Saxo Bank is 1-2 business days.
Overall, Olymp Trade boasts 4 stars versus Saxo Bank 4.1 stars.