Comparison Saxo Bank vs UFX
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs UFX. Is Saxo Bank or UFX 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 UFX has a commission fee of from 90 pips. For trading in Forex, the commission fee of Saxo Bank is from 0.4 pips, while the commission fee of UFX is 3 pips. We can also analyze commission fees for trading CFD: they are from £0.85 in Saxo Bank vs from 50 pips in UFX. For a more complete picture, let’s consider trading in the metal market, where Saxo Bank and UFX have commission fees of from 0.1% commission and from 50 pips, respectively. 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, Crypto Trading are provided by UFX. As for platforms, Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while UFX 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 UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Saxo Bank is 1-2 business days, and that one for UFX is up to 10 business days.
As a result, the rating of Saxo Bank is 4.1 stars versus that of UFX of 3.6 stars.