Comparison Saxo Bank vs Tastyworks
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs Tastyworks. Is Saxo Bank or Tastyworks a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Saxo Bank on regular transactions of the stock exchange is from 0.1% commission, and Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. Saxo Bank has a commission fee of from £2.50 per lot, Tastyworks has a commission fee of $1. You can read more detailed information on commission fees in the online broker reviews.
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, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Saxo Bank and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. Concerning the platforms, Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Tastyworks uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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 Tastyworks was established in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The time for withdrawal in Saxo Bank is 1-2 business days, and that one in Tastyworks is 3 business days.
Overall, Saxo Bank boasts 4.1 stars versus Tastyworks 4 stars.