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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Saxo Bank
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
UFX
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
Saxo Bank
Stock
From 0.1% commission
ETFs
From 0.1% commission
Options
From £2.50 per lot
Bonds
From 0.05% commission
Forex Spreads
From 0.4 pips
CFDs
From £0.85
Futures
From £3 per lot
Metals
From 0.1% commission
Cryptocurrency
0.1%
UFX
Stock
From 90 pips
ETFs
From 35 pips
Options
N/A
Bonds
N/A
Forex Spreads
3 pips
CFDs
From 50 pips
Futures
N/A
Metals
From 50 pips
Cryptocurrency
From 33000 pips

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Saxo Bank
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
UFX
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Saxo Bank
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
UFX
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
Saxo Bank
Research & Analysis
Education
Demo account
UFX
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Saxo Bank
Android App
iOS App
UFX
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Saxo Bank
Minimum deposit
£500
Bank Wire
Visa/Mastercard
UFX
Minimum deposit
$100
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Saxo Bank
Bank Wire
Visa/Mastercard
Withdrawal Time
1-2 business days
Withdrawal Fee
0
UFX
Bank Wire
Visa/Mastercard
Withdrawal Time
Up to 10 business days
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Saxo Bank
Сountry of Origin
Denmark
Year Founded
1992
Regulated By
FCA, FSA, DFSA, ASIC, FSC
UFX
Сountry of Origin
Republic of Vanuatu
Year Founded
2007
Regulated By
VFSC

Customer Service

Customer Service
Phone
Email
Live Chat
 
Saxo Bank
Phone
+44 207 151 2100
Email
LondonReception@saxobank.com
Live Chat
-
UFX
Phone
+44 208-150-0778
Email
Contact Form
Live Chat
Yes

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