Comparison Plus500 vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Plus500 vs Saxo Bank. Is Plus500 or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Plus500 has a commission fee of from 0.45%, and Saxo Bank has a commission fee of from 0.1% commission. When analyzing trading options, the commission fees of Plus500 is from 2 pips, and that one of Saxo Bank is from £2.50 per lot. For trading in Forex, the commission fee of Plus500 is from 0.6 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 0.065% in Plus500 vs from £0.85 in Saxo Bank. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.03% and from 0.1% commission for Plus500 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 Plus500 provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures 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. Concerning the platforms, Plus500 uses Web Platform, Android App, iOS App, while Saxo Bank uses 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. Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from Plus500 with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. 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 Plus500 is 1-2 working days, and that one in Saxo Bank is 1-2 business days.
Overall, Plus500 boasts 4 stars versus Saxo Bank 4.1 stars.