Comparison Saxo Bank vs XTB
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs XTB. Is Saxo Bank or XTB 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 XTB has a commission fee of from 0.3 pips. Now, let’s compare commission fees in Forex, the commission fee of Saxo Bank is from 0.4 pips, and the commission fee of XTB is from 0.1 pips. We can also analyze commission fees for trading CFD: they are from £0.85 in Saxo Bank vs 0.08% minimum $8.00 USD in XTB. For a more complete picture, let’s consider trading in the metal market, where Saxo Bank and XTB have commission fees of from 0.1% commission and from 0.3 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 XTB. Concerning the platforms, Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while XTB uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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 XTB was founded in 2002 in United Kingdom, and it is regulated by FCA, IFSC, KNF, CNMV and CMB. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And XTB provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in Saxo Bank is 1-2 business days, and that one in XTB is n/A.
Overall, Saxo Bank boasts 4.1 stars versus XTB 4.3 stars.