Comparison Robinhood vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs Saxo Bank. Is Robinhood or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Robinhood has a commission fee of commission-free, and Saxo Bank has a commission fee of from 0.1% commission. Let’s analyze the commission fees on trading options. Robinhood has a commission fee of commission-free, 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.
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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs 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, Robinhood offers Web Platform, 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. Robinhood was established in 2013 in United States, and it is regulated by SEC, FINRA. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from Robinhood with the help of Bank Wire, 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 withdrawal time for Robinhood is 5 days trading holding period for uninvested funds, and that one for Saxo Bank is 1-2 business days.
Overall, Robinhood boasts 3.4 stars versus Saxo Bank 4.1 stars.