Comparison Saxo Bank vs Swissquote
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Saxo Bank vs Swissquote. Which of them: Saxo Bank or Swissquote a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Saxo Bank has a commission fee of from 0.1% commission, and Swissquote has a commission fee of from £15. When analyzing trading options, the commission fees of Saxo Bank is from £2.50 per lot, and that one of Swissquote is £1 per contract (Minimum £5). For trading in Forex, the commission fee of Saxo Bank is from 0.4 pips, while the commission fee of Swissquote is average spread of 1.3 pips. When analyzing commission fees in CFD: Saxo Bank provides from £0.85, and Swissquote provides from 0.06%. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.1% commission and £1 per contract (Minimum £5) for Saxo Bank and Swissquote, respectively. 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 Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and Swissquote 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, Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And Swissquote was established in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for Saxo Bank is 1-2 business days, and that one for Swissquote is 1-2 working days.
As a result, the rating of Saxo Bank is 4.1 stars versus that of Swissquote of 4 stars.