Comparison Saxo Bank vs TradeStation
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Saxo Bank vs TradeStation. Which of them: Saxo Bank or TradeStation a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Saxo Bank on regular transactions of the stock exchange is from 0.1% commission, and TradeStation has a commission fee of $0.00. When analyzing trading options, the commission fees of Saxo Bank is from £2.50 per lot, and that one of TradeStation is $0.60 per contract. 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 TradeStation provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. Concerning the platforms, Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while TradeStation uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And TradeStation was established in 1982 in United States, and it is regulated by SEC, FINRA. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And TradeStation provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. The time for withdrawal in Saxo Bank is 1-2 business days, and that one in TradeStation is 3-5 business days.
Overall, Saxo Bank boasts 4.1 stars versus TradeStation 3.8 stars.