Comparison Saxo Bank vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Saxo Bank vs Trading 212. Which of them: Saxo Bank or Trading 212 a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Saxo Bank has a commission fee of from 0.1% commission, and Trading 212 has a commission fee of 0. For trading in Forex, the commission fee of Saxo Bank is from 0.4 pips, while the commission fee of Trading 212 is 0.8 average spread for EUR/USD. When analyzing commission fees in CFD: Saxo Bank provides from £0.85, and Trading 212 provides fees built into spreads. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, ETFs Trading, Forex Trading are provided by Trading 212. As for platforms, Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Trading 212 offers 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 founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And Trading 212 was founded in 2004 in Bulgaria, and it is regulated by FCA, FSC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And Trading 212 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. The withdrawal time for Saxo Bank is 1-2 business days, and that one for Trading 212 is 0-5 days.
Overall, Saxo Bank boasts 4.1 stars versus Trading 212 4.3 stars.